Lab Automation Market High Demand in Emerging Nations Offer Lucrative Opportunities for the Market Players| Thermo Fisher Scientific(US), Agilent Technologies(US), Tecan Group (Switzerland)

Lab Automation Market by Product (Robotic Arm, Microplate Readers, Workstation, LIMS, ELN), Application (Drug Discovery, Diagnostics, Genomics, Proteomics, Microbiology), End-User (Pharma, Diagnolab, Forensics, Environmental) - Global Forecast to 2025 The lab automation market is projected to reach USD 5.5 billion by 2025 from an estimated USD 4.3billion in 2020, at a CAGR of 5.2% during the forecast period.

An international Lab Automation Market research report takes into account several industry verticals such as company profile, contact details of the manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares, and possible sales volume of the company. The report is prepared by chewing over several fragments of the present and upcoming market scenario. Proficient data and brilliant forecasting techniques used in this report are synonymous with accuracy and correctness. A large-scale Lab Automation Market report endows with numerous insights and business solutions that will assist to stay ahead of the competition.

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The lab automation market is dominated by a few major players that have an extensive regional presence. The leading players in the lab automation market are::

Thermo Fisher Scientific(US), Agilent Technologies(US), Tecan Group (Switzerland), PerkinElmer Inc. (US) and Danaher Corporation (US).

“The software, by product type, is expected to be the fastest-growing market from 2020 to 2025.”

The software segment is categorized as LIMS, ELN, LES, and SDMS. LIMS is the fast-growing software during the forecast period.The growth is attributed to the ability of the systems to increase workflow efficiencies by removing manual data entry and transcription errors. Thus, improving work processes , productivity, traceability, sample turnaround time, data security and accountability, ease of access to data, and regulatory compliance.

“The biotechnology and pharmaceutical companies, by end user, is expected to be the largest market from 2020 to 2025.”

The biotechnology and pharmaceutical companies segment is expected to grow at the fastest rate during the forecast period. Owing to the increasing pressure on the biotechnology and pharmaceutical companies to rapidly develop drugs has driven demand for automating laboratory processes in this end-user segment.Moreover, the availability of government and corporate funding for biotech and pharma research is also driving the growth of this industry

“North America: The largest and the third fastest-growing region in the lab automation market.”

North America is expected to dominate the global lab automation market between 2020 and 2025. Increasing diagnostic testing in the region due to the higher penetration of healthcare facilities and growing health awareness. With an increasingly aging population and the rising prevalence of lifestyle diseases, there has been a significant rise in the demand for diagnostics and therapeutics.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1- 25%, Tier 2- 30%, and Tier 3-45%
By Designation: C-Level- 12%, Director Level- 24%, and Others- 64%
By Region: North America- 34%, Europe- 26%,Asia Pacific- 35%,RoW-5%

Study Coverage:

The report defines, describes, and forecasts the lab automation market, by technology, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the lab automation market.

Key Benefits of Buying the Report

The report identifies and addresses the key markets for lab automation operations and services, which would help equipment manufacturers and service providers review the growth in demand.
The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
The report will help key players understand the strategies of their competitors better and help the min making better strategic decisions.

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Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Inclusions Vs. Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered For The Study
1.4 Currency Used For The Study
1.5 Stakeholders
1.6 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Global Lab Automation Market: Research Methodology Steps
Figure 2 Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
Figure 3 Breakdown Of Primaries: Lab Automation Market
2.2 Market Size Estimation
Figure 4 Research Methodology: Hypothesis Building
2.2.1 End User-Based Market Estimation
2.2.2 Revenue Mapping-Based Market Estimation
Figure 5 Market Size Estimation: Lab Automation Market
2.2.3 Primary Research Validation
2.2.4 Market Data Validation And Triangulation
Figure 6 Data Triangulation
2.3 Research Assumptions And Limitations
2.3.1 Assumptions
2.3.2 Limitations

3 Executive Summary
Figure 7 Lab Automation Market Share, By Product Type, 2020 Vs. 2025
Figure 8 Lab Automation Market, By Application, 2020 Vs. 2025 (USD Million)
Figure 9 Lab Automation Market, By End User, 2020 Vs. 2025
Figure 10 Lab Automation Market, By Region, 2020

4 Premium Insights
4.1 Lab Automation Market: Market Overview
Figure 11 Increased Investment From Pharmaceutical Companies Is The Major Factor Driving Market Growth
4.2 Lab Automation Market, By Product Type, 2020 Vs 2025
Figure 12 Automated Workstations, Software, And Off-The-Shelf Automated Workcells Are The Largest Segments Of The Market, By Product Type
4.3 Lab Automation Market, By End User, 2020 Vs 2025
Figure 13 Biotechnology And Pharmaceutical Companies Will Continue To Dominate The Lab Automation Market By 2025
4.4 North America: Lab Automation Market, By End User And Country (2020)
Figure 14 Pharmaceutical And Biotechnology Companies Hold The Largest Share Of The End-User Market In North America
4.5 Lab Automation Market: Geographic Growth Opportunities
Figure 15 Asia Pacific To Register The Highest CAGR During The Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased R&D Investments In Pharmaceutical Industries
Figure 17 Pharmaceutical Spending (Total, % Of GDP, 2019 )
Table 1 R&D Investments, By Country
5.2.1.2 Growing Demand For Process Automation For Food Safety
5.2.1.3 Standardization Of Workflows
5.2.1.4 Stringent Regulatory Control In The Healthcare Industry
5.2.2 Restraints
5.2.2.1 Slow Adoption Of Automation Among Small And Medium-Sized Laboratories
5.2.2.2 Long Gestation Period For Workflow Implementation
5.2.3 Opportunities
5.2.3.1 Improving Healthcare Infrastructure Across Emerging Countries
5.2.3.2 Growth Of The Pharmaceutical And Biotechnology Industries
5.2.3.3 Integration Of AI And Analytical Tools In Laboratory Workflows
5.2.4 Challenges
5.2.4.1 Limited Feasibility With Technology Integration In Analytical Labs
5.3 Key Trends
5.3.1 Growing Adoption Of High-Throughput Solutions
5.3.2 Industry-Academia Collaborations
5.4 Ecosystem Coverage
5.5 Impact Of Covid-19 On The Lab Automation Market

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