Press release
Global Lab Automation Market Is Projected To Witness Vigorous Expansion By 2026 | Beckman Coulter, Inc., Tecan Trading AG., Perkinelmer, Inc., Danaher, Thermo Fisher Scientific, Inc
Global Lab Automation Market
Global 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%. The upcoming market report contains data for historic year 2017, 2016, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
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Key Market Competitors: Global Lab Automation Market
Some of the major players of the global lab automation market are Beckman Coulter, Inc., Tecan Trading AG., Perkinelmer, Inc., Danaher, Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Qiagen, F. Hoffmann-La Roche Ltd, Siemens AG, Hamilton Company., Abbott, Aurora Biomed Inc,, BD, BioTek Instruments, Inc,, Brooks Automation, Inc., Cerner Corporation, Biomérieux SA, Eppendorf AG, LabVantage Solutions, Inc, LabWare, among others
Market Definition: Global Lab Automation Market
Lab automation is the process in which specimen processing equipment is used in order to perform clinical research. Lab automation process is carried out to develop new technology, increase productivity and reduce the time cycles.
Competitive Analysis: Global Lab Automation Market
The global lab automation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, 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, South America and Middle East & Africa.
Market Drivers
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
Market Restraint
High initial investments
Compatibility and portability issues resulting in reduced adoption of lab automation in small laboratories
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Key Developments in the Market:
In May, 2019, the Labstep announced that they are bringing Internet of Things to lab researchers. This will help to record the data automatically which can be used for further analysis
In May 2019, Beckman Coulter a global leader in clinical diagnostics has achieved European CE Mark and China Food and Drug Administration approval for the DxA 5000 total laboratory automation solution. The DxA 5000 will help to significantly improve laboratory efficiency.
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Reasons to Purchase this Report
Current and future of global lab automation market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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