Lab Automation in Analytical Chemistry Market to Witness the Highest Growth Globally in Coming Years 2020-2025 | Thermo Fisher Scientific Inc, Roche Holding AG, Beckman Coulter

Lab Automation in Analytical Chemistry Market - Growth, Trends, and Forecasts (2020 - 2025)

The Lab Automation in Analytical Chemistry Market research report 2020 provides a basic overview of the industry including definitions, classifications, applications, and industry chain structure. The Lab Automation in Analytical Chemistry market report provides information regarding market size, share, trends, growth, cost structure, Lab Automation in Analytical Chemistry market competition landscape, market drivers, challenges and opportunity, capacity, revenue, and forecast 2025.

The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. This report also includes the overall and comprehensive study of the Lab Automation in Analytical Chemistry market with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Lab Automation in Analytical Chemistry industry and provides data for making strategies to increase market growth and effectiveness.

Scope of the report:

The report evaluates the growth rate and the Market value based on Market dynamics, growth inducing factors. The complete knowledge is based on the latest industry news, opportunities, and trends. The report contains a comprehensive Market analysis and vendor landscape in addition to a SWOT analysis of the key vendors.

The Global Lab Automation in Analytical Chemistry Market is expected to register a CAGR of 4.31% % during the forecast period 2020 to 2025.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Lab Automation in Analytical Chemistry Market: Thermo Fisher Scientific Inc, Roche Holding AG, Beckman Coulter, Hudson Robotics Inc, Becton Dickinson & Co., and others.

Key Market Trends

Automated Liquid Handlers to Hold Major Market Share

- Automated liquid handlers, also known as pipetting robots or pipetting workstations, perform the programmed transfer of liquid volumes between destination and source vessels. These handlers are also capable of performing a vacuum or even magnetic-based separation and mixing.

- The rising demand for faster turn-around times (TAT), higher throughput, and reduced human errors and operational costs are some of the prominent factors driving the adoption of automated liquid handlers across the pharmaceutical and biotechnology industries. For instance, In November 2019, Tecan announced its new Cavro Magni Flex for next-generation automated liquid handling development, mainly intended for low to medium throughput workflows.

- Additionally, advanced liquid handling technologies, such as automated positive displacement pipetting systems, are enabling the users to handle highly viscous to highly volatile liquid types of lower volume ranges and a wider variety of liquid types. Companies, such as Beckman Coulter, launched a wide range of flexible, scalable liquid handling solutions for genomic, cellular, protein, and other workflows. The Biomek 4000 automated liquid handler was launched by the company, to standardize daily pipetting routines, while maintaining sample quality and generating repeatable, reliable results

- Laboratories that increasingly normalize RNA mass for cDNA synthesis and set up qRT-PCR reactions require automated liquid handling, as these assays are largely volume-dependent. Any inaccuracy in volume transfers may hamper the outcome of the results. Such instances are indicative of the fact that automated liquid handlers are expected to witness increased adoption.

North America Hold Major Market Share

- North America has been a pioneer in clinical research for years. This region is home to some of the major pharmaceutical companies, like Pfizer, Novartis, GlaxoSmithKline, J&J, and Novartis. The region has the highest concentration of contract research organizations (CROs). Some of the major CROs in this region are Laboratory Corp. of America Holdings, IQVIA, Syneos Health, and Parexel International Corp.

- Owing to the presence of all the major players in the industry and stringent FDA regulations, the market is very competitive in this region. To gain an advantage over competitors, the companies in this region adopted robotics and automation in labs.

- The inclusion of robotics and automation has been a major factor aiding the transformation of the clinical research industry, owing to which, a total of 339,723 studies with locations in all 50 states and 213 countries were registered in the United States, as of May 2020, as per ClinicalTrials.gov. Moreover, there has been a significant rise in the FDA approvals received in the past few years, owing to automation.

- Moreover, the automation solution providers in the region are on a continuous innovation spree, to integrate a maximum number of clinical equipment. Beckman Coulter, back in October 2019, received 510 (k) clearance from the US Food and Drug Administration (FDA) for its DXA 5000 lab automation system. The solution offers highly consistent turnaround time to physicians using the solution by deploying intelligent routing algorithms to generate an automated patient-centric workflow in the laboratory.

- Similarily, Microbiological labs in the region seek technologically innovative solutions to cope with large numbers of samples and limited personnel resources. Some of the major manufacturers, such as BD Kiestra and Copan Diagnostics Inc., are commercializing partial or complete lab automation systems for bacteriology in the United States.

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Influence of the Lab Automation in Analytical Chemistry market report

- Comprehensive assessment of all opportunities and risks in the Lab Automation in Analytical Chemistry market.

- Lab Automation in Analytical Chemistry market recent innovations and major events.

- A Detailed study of business strategies for the growth of the Lab Automation in Analytical Chemistry market-leading players.

- Conclusive study about the growth plot of the Lab Automation in Analytical Chemistry market for forthcoming years.

- In-depth understanding of Lab Automation in Analytical Chemistry market-particular drivers, constraints, and major micro markets.

- Favorable impression inside vital technological and market latest trends striking the market report.

What are the market factors that are explained in the report?

- Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

- Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

- Analytical Tools: The Lab Automation in Analytical Chemistry Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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Find out:

Lab Automation in Analytical Chemistry Market: Where are the opportunities? What does the future look like for the Lab Automation in Analytical Chemistry Market? What will be the market size in the next 5 years?
Market trends: What is driving the market? Where are the key players? What are their strategies? What is holding the market behind? Where is the industry heading for in the short and long-term? How are new developments expected to change the market?
Technology: How are RO and new brine concentration technologies shaping the market? What are the new revenue channels which companies can explore for growth?

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