The Global Laboratory Automation Market Assessed to Attain $6555 Million in Revenue by 2028

According to Triton's report, the global laboratory automation market, which garnered $4831 million in 2020, is anticipated to witness growth at 5.14% of CAGR by 2028.

A recent study by Triton Market Research titled ‘Global Laboratory Automation Market’ entails the Global Analysis and Forecasts by Application (Clinical Diagnostics, Proteomics Solutions, Drug Discovery, Genomics Solutions), End-user (Research Institutes, Biotechnology & Pharmaceutical Industries, Other End-users), Product Type (Software [Chromatography Data System, Laboratory Information Management Systems, Scientific Data Management System, Laboratory Information System, Electronic Lab Notebook], Equipment [Robotic Arms, Automated Liquid Handlers, Automated Storage and Retrieval Systems (ASRS), Analyzers, Automated Plate Handlers]), and by Geography (Asia-Pacific, Latin America, North America, Europe, Middle East and Africa).

Request Free Sample of the Global Laboratory Automation Market Report @ https://www.tritonmarketresearch.com/reports/laboratory-automation-market#request-free-sample

Triton’s report estimates the global laboratory automation market to advance at a CAGR of 5.14% during the considered period of 2021-2028. It is further projected to display revenue worth $6555 million by 2028.

Laboratory automation assists in developing the effectiveness of the laboratory methods carried out by companies. Moreover, it helps in upgrading the accuracy of the final result, and solves the problem of lack of skilled professionals across the pharmaceutical sector.

The advancement in laboratory systems, a surge in the research & development sector, and automated laboratory better than non-automated labs, are significant elements driving the progress of laboratory automation. There is a significant rise in the laboratory automation system’s adoption over the existing manual handling process, owing to the software and equipment benefits. For instance, automated laboratory equipment display some valuable advantages, including enhanced safety, shorter processing times, and improved efficiency.

However, the technological integration challenge, along with the high cost of the setup process, are restraining factors impacting the evolution of the laboratory automation market over the forecast period.

The laboratory automation market is segmented into application, end-user, and product type. In terms of application, the market is sectioned into clinical diagnostics, proteomics solutions, drug discovery, and genomics solutions. Simultaneously, the end-user section is divided into research institutes, biotechnology & pharmaceutical industries, and other end-users.

Further, the product type is subdivided into software and equipment, with software branched into chromatography data system, laboratory information management systems, scientific data management system, laboratory information system, and electronic lab notebook. Lastly, equipment is categorized into robotic arms, automated liquid handlers, automated storage and retrieval systems (ASRS), analyzers, and automated plate handlers.

Geographically, Europe is leading in the laboratory automation market. The region’s strong growth is owing to several factors, such as the surge in demand for technologically enhanced systems, along with the preferable use of automation in research and development labs. Moreover, the prominent players, including Siemens AG, are motivating the studied market’s progress to a large extent. Above all, the availability of novel automated laboratory systems is driving the growth of the laboratory automation market across Europe.

Synchron Lab Automation, Siemens Healthineers AG, F Hoffmann-La Roche AG, Danaher Corporation, Hudson Robotics Inc, Thermo Fisher Scientific Inc, Perkinelmer Inc, Abbott Laboratories, Tecan Group Ltd, Becton Dickinson and Company, and Agilent Technologies Inc are enterprises engaged in the given market.

Purchase this Report @ https://www.tritonmarketresearch.com/reports/laboratory-automation-market#purchase-option

Question & Answer: Laboratory Automation Market

Question 1: What significant elements are driving the progress of the laboratory automation market?

Answer: The advancement in laboratory systems, a surge in the research & development sector, and automated laboratory better than non-automated labs, are significant elements driving the progress of laboratory automation. There is a significant rise in the laboratory automation system’s adoption over the existing manual handling process, owing to the software and equipment benefits. For instance, automated laboratory equipment display some valuable advantages, including enhanced safety, shorter processing times, and improved efficiency.

Question 2: What restraining factors are impacting the evolution of the laboratory automation market?

Answer: The technological integration challenge, along with the high cost of the setup process, are restraining factors impacting the evolution of the laboratory automation market over the forecast period.

Question 3: Which region is leading in the laboratory automation market?

Answer: Geographically, Europe is leading in the laboratory automation market. The region’s strong growth is owing to several factors, such as the surge in demand for technologically enhanced systems, along with the preferable use of automation in research and development labs. Moreover, the prominent players, including Siemens AG, are motivating the studied market’s progress to a large extent. Above all, the availability of novel automated laboratory systems is driving the growth of the laboratory automation market across Europe.

Question 4: Which are the enterprises engaged in the laboratory automation market?

Answer: Synchron Lab Automation, Siemens Healthineers AG, F Hoffmann-La Roche AG, Danaher Corporation, Hudson Robotics Inc, Thermo Fisher Scientific Inc, Perkinelmer Inc, Abbott Laboratories, Tecan Group Ltd, Becton Dickinson and Company, and Agilent Technologies Inc are enterprises engaged in the given market.

Related Report:

Global Laboratory Filtration Market
The global laboratory filtration market is expected to display growth based on revenue during 2019-2027 at a CAGR of 6.12%. It is further evaluated to attain revenue worth $3513 million by 2027.

Laboratory filtration is an important method that helps in gaining precise results. Moreover, it is adopted for multiple applications, such as drug screening, virus removal, and DNA and protein separation, among others.

Factors such as the initiation of products with enhanced technology, rising research activities in biopharmaceutical companies, and growth in the adoption of filtration in clinical laboratories, are driving the growth of the studied market. Moreover, the increasing demand for filtration equipment is generating growth opportunities for the laboratory filtration market.

However, the high initial investment and low availability of skilled professionals, are obstructing the global market’s growth. Further, the high import duties are also challenging the progress of the laboratory automation market.

Triton Market Research
196, wards wharf approach
London E16 2EQ
Phone: +44 7441 911839
Email: sales@tritonmarketresearch.com
Website: https://www.tritonmarketresearch.com/

We are a leading market research company with offices in the UK, providing the best online market research and data search reports to our clients.

This release was published on openPR.