openPR Logo
Press release

Laboratory Automation Market Growth on Target to Reach $8,424 Million by 2026

01-23-2020 02:12 PM CET | Health & Medicine

Press release from: Allied Market Research

Laboratory Automation Market

Laboratory Automation Market

The global laboratory automation market was valued at $4,884 million in 2018, and is expected to reach $8,424 million by 2026, growing at a CAGR of 6.9% from 2019 to 2026.

Laboratory automation is a multi-disciplinary innovative approach used in the laboratory to perform scientific experiments, carry out research, and execute analysis of different scientific materials. Automated laboratory equipment and software are adopted among the laboratories in biotechnology & pharmaceutical industries, research institutes, and hospitals to streamline workflow. Key advantages such as increase in productivity efficiency, lower cost of operation, and enhanced safety are the key drivers of the laboratory automation market. In addition, growth in adoption of automated laboratory systems in pharmaceutical companies & R&D institutes, developing R&D infrastructure in emerging economies, technological advancement in lab automation equipment, and rise in demand for miniaturize process equipment are significantly contributing toward the market growth.

Download Free Report Sample @ https://www.alliedmarketresearch.com/request-sample/2708

By application, the global laboratory automation market is categorized into drug discovery, clinical diagnostics, genomics solutions, and proteomics solutions. Presently, the drug discovery segment dominating the global market due to increase in adoption of lab automation equipment in drug discovery laboratories, surge in number of R&D activities for new drug development, and rise in demand for miniaturize process equipment in drug discovery laboratories drives the segment growth.

By product, the market is categorized into equipment and software & informatics. At present, the equipment segment is the major revenue contributor and is estimated to grow significantly during the forecast period. Some key factors such as rise in demand for automated laboratory equipment, and technological advancements are majorly driving the market growth.

Biotechnology & pharmaceutical industries segment is major revenue contributor in 2018 owing to large presence of pharmaceutical companies worldwide with increase in adoption of robotics & laboratory automation. In addition, laboratory automation has shifted from the support of manufactured products and quality control of laboratory applications, to R&D within pharmaceutical & biotechnology companies. This further supports the market growth.

North America accounted for approximately one-half of the global laboratory automation market share in 2018 and is expected to remain dominant throughout the forecast period. This was attributed to the rise in higher adoption of laboratory automation system, wide availability of advanced laboratory automation system, large presence of pharmaceutical, biotech companies, and R&D laboratories with higher adoption of automated laboratory systems, and large presence of trained professionals. However, Asia-Pacific is expected to experience the highest growth rate during the forecast period majorly due to, rise in awareness about advanced laboratory automation systems, the developing R&D sector, and increase in number of pharmaceutical & biopharmaceutical companies that majorly drive the market growth.

Get a purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/2708

The Major key players Are:

o Agilent Technologies, Inc.
o BioMerieux SA
o Danaher Corporation
o F. Hoffmann-La Roche AG
o Hamilton Robotics
o PerkinElmer, Inc.
o Qiagen N.V.
o Siemens AG
o Tecan Group Ltd.
o Thermo Fisher Scientific Inc.

Key Finding of The Laboratory Automation Market:

o On the basis of product type, the equipment segment held more than three-fourth share in the global market in 2018.
o On the basis of application, the genomics solutions segment exhibits fastest growth and is expected to grow at a CAGR of 10.0% from 2019 to 2026.
o On the basis of end user, the biotechnology & pharmaceutical industries segment held largest market share in 2018 and is expected to remain dominant throughout the forecast period.
o On the basis of region, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 8.3% during the forecast period.

Obtain Report Details @ https://www.alliedmarketresearch.com/laboratory-automation-market

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Market Pulse: https://blog.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client's insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Laboratory Automation Market Growth on Target to Reach $8,424 Million by 2026 here

News-ID: 1906479 • Views: 177

More Releases from Allied Market Research

Carboxymethyl Cellulose Market Size Is Predicted to Hint a Value of $2,370.6 Mil …
Carboxymethyl Cellulose Market by Purity Level (Highly Purified, Technical Grade, and Industrial Grade), Application (Food & Beverages, Oil & Refining, Pharmaceutical, Paint & Textile, Cosmetics & Personal Care, Paper Coating & Household Care, and Others), and Property (Thickening Agent, Stabilizer, Binder, Anti-Repository Agent, Lubricator, Emulsifier, and Excipient): Global Opportunity Analysis and Industry Forecast, 2019-2026" According to the report, the global carboxymethyl cellulose industry generated $1.74 billion in 2018, and is
Liqueurs Market in Emerging Economies will witness a CAGR of 2.5% through 2023
Liqueurs Market by Type and Distribution channel: Global Opportunity Analysis and Industry Forecast, 2017-2023, the liqueurs market was valued at $111 billion in 2016, and is projected to reach $131 billion by 2023, growing at a CAGR of 2.5% from 2017 to 2023. Asia-Pacific leads the liqueurs market in both volume and value terms, and is expected to continue to remain dominant through 2023. Download Sample Copy Of Report@ https://www.alliedmarketresearch.com/request-sample/3468 Liqueur is
STDs Diagnosis Market 2020 Likely to Experience A Tremendous Growth in Near Futu …
According to a new report published by Allied Market Research, titled, "World STDs Diagnosis Market - Opportunities and Forecasts, 2019-2026" The global market size of STDs Diagnosis is $XX million in 2020 with XX CAGR, and it is expected to reach $XX million by the end of 2026 with a CAGR of XX% from 2020 to 2027. Click Here To Access Free Sample Report @ https://www.alliedmarketresearch.com/request-toc-and-sample/433 National screening programs and government initiatives have
Antipsychotic Drugs Market Prescribes Strong Growth, Business Boosting Strategie …
According to a new report published by Allied Market Research, titled, "World Antipsychotic Drugs Market - Opportunities and Forecasts, 2020-2027" The global market size of Antipsychotic Drugs is $XX million in 2019 with XX CAGR, and it is expected to reach $XX million by the end of 2026 with a CAGR of XX% from 2020 to 2027. Click Here To Access Free Sample Report https://www.alliedmarketresearch.com/request-toc-and-sample/437 Geographically, global antipsychotic drugs market is segmented into

All 5 Releases


More Releases for Laboratory

Laboratory Robotics Market Report 2018: Segmentation by Product (Operating Robot …
Global Laboratory Robotics market research report provides company profile for Universal Robots, Anton Paar, AB Controls, Hamilton Robotics, Synchron, Peak Analysis & Automation (PAA), Thermo Fisher Scientific, Tecan Group, Yaskawa Electric, Hudson Robotics and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and
Pathology and Laboratory medicine conferences
We take this opportunity to express our gratitude for institutes like you to participate in the event "16th Global Experts Meeting on Pathology and Laboratory Medicine" at Osaka, Japan during March 28-29, 2019 and making it a success. Once again, the time has come when we start to organize the "Pathology summit 2019" this year. This year we are inviting eminent dignitaries to make the event more interesting. It gives us
Is Your Laboratory Smart?
Today’s laboratories are moving beyond point automation solutions, such as LIMS, ELNs, and robot-based HTS systems, to create “smart environments” that not only embrace the comfort and convenience needs of lab technicians but also help improve the consistency and reproducibility of experimental results. If you asked laboratory professionals 15 years ago to describe their ideal modern “smart” laboratory, they would have mentioned some of the then cutting-edge data collection and automation
The Institute of Biomedical Laboratory Science-Laboratory Medicine
The Institute of Biomedical Laboratory Science-Laboratory Medicine (IBMLS) is a member organisation for Biomedical Laboratory Scientists in the EU/UK and worldwide. It strives to promote and advance the role of Biomedical Laboratory Science within the healthcare setting to deliver a high quality laboratory service for patients. Biomedical Laboratory Science Online Education (BMLSE) IBMLS provides currently Continuing Professional Development (CPD) education for members through Biomedical Laboratory Science Online Education. This programme includes 30
United States Laboratory Glassware Market Size, Shares, Forecast Report 2017: Ch …
Sales, means the sales volume of Laboratory Glassware Revenue, means the sales value of Laboratory Glassware This report studies sales (consumption) of Laboratory Glassware in United States market, focuses on the top players, with sales, price, revenue and market share for each player, covering Kimble Chase DURAN Group Bellco Glass Corning Quark Enterprises Wilmad-LabGlass (SP Industries Hamilton Laboratory Glass Kavalierglass Glacier Lab Eagle Laboratory Glass Company BOROSIL Jencons Glass Industries Sibata Scientific Technology Promax Glassco Group Cosmo Laboratory Equipment Hario Pioneer Scientific Instrument SCAM Lab Glass Sichuan Shubo Huaou Industry North Glass Tianbao Glass Instrument Shanghai
Laboratory accreditation imperative for strengthening laboratory systems in Nige …
One of the highly anticipated topics at Medic West Africa is the issue of laboratory accreditation and its importance in strengthening laboratory systems in Nigeria. Air Commodore, Commanding Officer, 445 Nigerian Air Force Laboratory, Dr Edward Abayomi Akinwale will be speaking about this topic during the MEDLAB laboratory conference. The 2nd edition of Medic West Africa will be held from 16 - 18 October 2013 at the Eko Hotel &