Total Lab Automation Market Global Outlook 2020-2025: Siemens, Thermo Fisher Scientific, Abbott, Shimadzu, Agilent, Honeywell, Roche

This Global Total Lab Automation Market Research Report Forecast 2020-2025 is a valuable source of insightful data for business strategists. It provides an in-depth analysis of the COVID-19 impact, industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.

The total lab automation market was valued at USD 4,315.5 million in 2019, and it is expected to reach a value of USD 6,301.8 billion by 2025, at a CAGR of 6.6% over the forecast period, 2020 - 2025.

Top Key Players in the Global Total Lab Automation Market: Siemens, Thermofisher Scientific, Abbott, Hamilton, Tecan Group, Danaher, Roche, Becton Dickinson, Shimadzu, Agilent, Honeywell, Qiagen, Biotek Instruments, Aurora Biomed, Perkinelmer, Biomerieux, and Other.

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Key Market Trends:

Laboratory Information Management System (LIMS) Expected to Have the Largest Market Share

- A Laboratory Information Management System (LIMS) also allows the user to automate workflows, integrate instruments, produce reliable results quickly, and it helps in improving efficiency by tracking data from sequencing that runs over time and across experiments.
- The advances in the fields of genomics that deal with molecular biology concerned with the structure, function, evolution, and mapping of genomes generate an unprecedented amount of data, making it imperative for the laboratories to look for the solutions that cater to such needs. This is expected to boost the LIMS market over the forecast period.
- Some of the prominent players in the market through continuous R&D are bringing out new systems in the market, thereby, fueling the growth for the LIMS market over the forecast period.
- For instance, in October 2018, Abbott announced the launch of two web-based laboratory information management systems, such as STARLIMS Life Sciences Solution CL 11.0 and STARLIMS Quality Manufacturing Solution QM 11.1, to enable laboratories to make data management simpler, better integrated, and more user-friendly.

Regional Analysis:

North America is Expected to Hold the Largest Share

- The increased spending on healthcare services has led to an increase in R&D activities, which involve clinical trials where automation becomes imperative to get error-free results achieving greater accuracy. This is expected to boost the lab automation market over the forecast period.
- For instance, according to clinical trials.gov, at the start of the year, 293,359 studies were registered with the site.
- The region has regulatory bodies, such as the Centers for Medicare & Medicaid Services (CMS) that regulates and monitors all laboratory testing performed on humans in the United States through the Clinical Laboratory Improvement Amendments (CLIA) that covers 260,000 laboratory entities. This represents a potential opportunity for the lab automation providers, which may boost the growth for the market over the forecast period.
- Some of the prominent players in the region are entering strategic partnerships, mergers and acquisitions, and strategic partnerships, in order to boost the technology used for automation, in turn, fueling the demand for lab automation throughout the forecast period.
- For instance, in January 2019, Shimadzu Medical Systems USA announced the acquisition of ORE Medical Imaging Inc.

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Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Total Lab Automation Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth

The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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