Press release
Lab Automation in Bioanalysis Market Size to Perceive a Thriving Growth by 2026 Interpreted by a New Report-Brewster Home Fashion
Lab Automation in Bioanalysis Market by Component, Application, Services, and Region- Forecast to 2026The Global Lab Automation in Bioanalysis Market Research Report 2021-2026 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Lab Automation in Bioanalysis business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Lab Automation in Bioanalysis worth chain and its wholesaler examination. Lab Automation in Bioanalysis Market study gives extensive information which upgrades the agreement, degree, and use of this report.
The lab automation in bioanalysis market was valued at USD 5.06 billion in 2020 and is expected to reach USD 7.10 billion by 2026, at a CAGR of 5.8% over the forecast period (2021 - 2026).
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Top Leading Companies of Lab Automation in Bioanalysis Market are Brewster Home Fashion, Adfors (Saint Gobain), Ahlstrom-Munksjö Oyj, Asian Paints Ltd, Benjamin Moore & Co., A.S. Création Tapeten AG, J. Josephson Inc., Walker Greenbank PLC, Grandeco Wallfashion Group, Nippon Paint Holdings Co. Ltd, and others.
Industry News And Updates on Lab Automation in Bioanalysis Market-
North America to Hold Largest Market Share
- A rise in the number of global clinical and pre-clinical studies has made the need for speedy analysis of samples imperative, making automation one of the key components contributing to the growth of the market.
- Various aspects, such as growing reproducibility and accuracy, miniaturization in the process, progressing drug discovery, clinical diagnostics, and the large gap in workforce demand and supply, have driven the growth of the market across the world. Cost-effectiveness, owing to routine work, professional labor cost, and precise handling, is a variable that impacts the demand for these solutions.
- Strict regulations by the US government and the FDA, the growing demand in the diagnostic market, and the increasing usage of discovery and research labs, owing to the rising presence of various diseases, such as cardiovascular diseases and neurological diseases in the region, have fueled the growth of the market.
Key Market Trends Lab Automation in Bioanalysis Market-
Robotic Arms to be the Fastest Growing Equipment Segment
- Robotic arms in lab automation are used for chemical analysis. Pharmaceutical companies are employing robots to move samples around the workspace for diagnosing chemical entities from the existing sample. Robotic arms are used for sample handling, coupled with new technologies, to eliminate errors.
- The pharmaceutical industry has experienced increased use of robotic arms, as the synthesizing of samples with structural analysis can be done automatically. Robotic arms are used in applications, like biological and combinatorial chemistry for sample diagnosis, with automation increasing the markets standards.
- Further, robotic arms also help in doing the mundane task in the laboratory set up saving time and energy of a human being doing that task. According to IFR, World Robotics 2018, sales of medical robots increased by 73% compared in 2016 to 2,931 units in 2017, accounting for a share of 2.7% of the total unit sales of professional service robots.
Competitive Landscape On Lab Automation in Bioanalysis Market-
May 2019 - Beckman Coulter, announced the latest addition to its automation portfolio. The DxA 5000 total laboratory automation solution has achieved European CE Mark and China Food and Drug Administration approval. In the healthcare environment, laboratories are highly focused on enhancing patient care, by driving faster turnaround time, delivering quality results, and improving laboratory operations. The DxA 5000 helps laboratories meet these challenges through a collection of patented innovations that deliver rapid and consistent turnaround time, provide a new level of comprehensive pre-analytical sample quality detection, and reduce the number of manual processing steps to significantly improve laboratory efficiency.
- September 2018 - Tecan successfully completed the acquisition of NuGEN Technologies.
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