Lab Automation Market Size, Insights, Trends, Outlook 2019 | Top Key Players: Agilent Technologies, Inc., Qiagen N.V., Roche Holding AG, Siemens AG, Hamilton Robotics, Inc

Lab Automation Market is expected to rise from its initial estimated value of USD 5.3 billion in 2018 to an estimated value of USD 8.4 billion by 2026 registering a CAGR of 5.8%.

Lab Automation market report is also enriched with historic data, present market trends, market environment, technological innovation, upcoming technologies and the technical progress in the related industry. The forecast, analysis and estimations that are carried out in this report are all based upon the finest and well established tools and techniques such as SWOT analysis and Porter's Five Forces analysis. The report also measures market drivers, market restraints, challenges, opportunities and key developments in the market. Competitive intelligence covered in the Lab Automation report is another very important aspect that assists businesses thrive in the market.

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Some of the major players operating in lab automation market are

Tecan Group Ltd.,

Perkinelmer, Inc.,

Danaher Corporation,

Thermo Fisher Scientific, Inc.,

Agilent Technologies, Inc.,

Qiagen N.V.,

Roche Holding AG,

Siemens AG,

Hamilton Robotics, Inc.,

Major Market Drivers and Restraints:

Increased adoption of miniaturization process resulting in low reagent cost and high productivity

Increased government funding for the development of biotech and drug discovery research

Increasing drug discovery and clinical diagnostics

High initial investments

Compatibility and portability issues resulting in reduced adoption of lab automation in small laboratories

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Market Segmentation: Lab Automation Market

By Equipment

(Automated Liquid Handlers, Automated Plate Handlers, Robotic Arm, Automated Storage & Retrieval Systems),

Software

(Laboratory Information Management System, Laboratory Information System, Chromatography Data System, Electronic Lab Notebook, Scientific Data Management System),

Analyzer

(Biochemistry Analyzers, Immuno-based Analyzers, Hematology Analyzers),

Application

(Drug Discovery, Genomics, Proteomics, Protein engineering, Bio Analysis, Analytical Chemistry, System Biology, Clinical Diagnostics, Lyophilization),

End-User

(Biotechnology & Pharmaceuticals, Hospitals, Research Institutions, Academics, Private Labs),

Geography

(North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Competitive Analysis:

The lab automation market is highly fragmented and is based on new product launches. Hence the major players have used various strategies such as new product launches, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of lab automation market for global, Europe, North America, Asia Pacific and South America.

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