Lab Automation Market by Automated Workstations, Work Cells, Robotic Systems, Automated Storage and Retrieval System - Investment of US$ 5.20 Billion Will Cross by 2022

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Lab automation market dominated by automated workstations, off-the-shelf work cells, robotic systems, automated storage and retrieval system, software, & equipment. Software segment is expected to witness highest growth during forecast period. Growth of this segment can be attributed to the rising need for efficient data storage, analysis, and sharing methods.

APAC region is expected to register the highest CAGR during the forecast period. A growing economy, increasing healthcare investments which lead to increased research activities and adoption of automated systems in clinical diagnostics and drug discovery, large population pool, improving public health awareness, and the rising demand for standardization and accreditation in laboratory practices are key market drivers in Asia Pacific.

Lab automation market is expected to reach USD 5.20 billion by 2022 from an estimated USD 4.06 billion in 2017, at a CAGR of 5.1%. Factors such as process miniaturization, high demand for lab automation equipment in drug discovery and clinical diagnostics, higher reproducibility and accuracy, and large workforce demand and supply gap are likely to drive the growth of this market.

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Report analyzes lab automation market and aims at estimating market size and future growth potential of this market based on various aspects such as equipment and software, application, end user, and region. The report also includes an in-depth market trend analysis for various regions across the globe and competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.

Lab Automation Market, By End User
1 Introduction
2 Biotechnology and Pharmaceutical Companies
3 Hospitals and Diagnostic Laboratories
4 Research and Academic Institutes

Major players in lab automation market include Tecan Group (Switzerland), PerkinElmer (US), Danaher (Beckman Coulter & Molecular Devices) (US), Thermo Fisher (US), Agilent Technologies (US), Hamilton Robotics (US), Abbot Diagnostics (US), Eppendorf (Germany), QIAGEN (Netherlands), Roche Diagnostics (Switzerland), and Siemens Healthcare (Germany).

Report analyzes lab automation market and aims at estimating the market size and future growth potential of this market based on various aspects such as equipment and software, application, end user, and region. Report also includes an in-depth market trend analysis for various regions across the globe and competitive analysis of key players in this market.

More Details on “Lab Automation Market by Equipment and Software (Robotic Arms, Microplate Readers, LIMS), Applications (Drug Discovery, Clinical Diagnostics, Genomics), End Users (Biotechnology and Pharmaceuticals, Diagnostic Labs) - Global Forecast to 2022” report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=252623 .

Research Coverage:
Report analyzes the lab automation market and aims at estimating the market size and future growth potential of this market based on various aspects such as equipment and software, application, end user, and region. The report also includes an in-depth market trend analysis for various regions across the globe and competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.

Reasons to Buy the Report
The report will help established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in-turn would help them, garner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned strategies to strengthen their position in the market.

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