Lab Automation in Genomics Market Overview, Top Companies, Region, Application and Forecast by 2026 - Thermo Fisher Scientific, Danaher Corporation

Market Intelligence Data has released a new report on the global Lab Automation in Genomics market. The document gives a complete evaluation of the market. It understands market development through in-depth insights, tracking historical developments and analysing current scenarios and future forecasts based on optimistic and possible situations. The report provides detailed statistics on the Lab Automation in Genomics market industry and its framework.

The data studied for the preparation of the report takes into account the current major players and the major players that will be listed. Industry top players are: Thermo Fisher Scientific Inc., Danaher Corporation / Beckman Coulter, Hudson Robotics, Inc., Becton, Dickinson and Company, Synchron Lab Automation, Agilent Technologies Inc., Siemens Healthineers AG, Tecan Group Ltd, Perkinelmer Inc., Honeywell International, Eppendorf AG

The Global Lab Automation in Genomics Market Size is Projected to Reach at a CAGR of 7.55% during 2021-2026.

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The primary intention of this Lab Automation in Genomics Market record is to offer Quantitative information withinside the shape of charts and graphs. The records concerning marketplace basics is furnished genuinely for the sake of readers. All the readers at the side of stakeholders will recognize the marketplace conditions and enterprise surroundings as it should be via this well-planned Market analysis. It will become clean to acquire the impact of COVID-19 on marketplace increase via this Lab Automation in Genomics marketplace record.

Key Market Trends

Automated Liquid Handlers to Witness High Growth

- Cross contamination is a major problem in the genomics laboratory, which can be avoided by implementing automated systems to manage the reagents and reaction mixtures. It is believed that taking out human intervention helps in achieving more consistency.
- Many technological advances have been made in the molding of plastics that reduced the volumes of reagents used and enabled the easy handling of smaller liquid volumes. These advancements have worked in favor of the development of micro- and nano-litre plates, to fit with the automated liquid handling equipment.
- Leading companies have set the benchmark for the development of automated liquid handlers. These companies are constantly investing in developing premium products, to increase the productivity of the process.
- According to the Robotics Industries Association, the life science sector has the third-highest growth in industrial robots, in terms of automated liquid handlers, automated plate handlers, and robotic arms, among others to meet up the demand. 

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Regional Analysis:

North America Occupies the Largest Market Share

- North America has been a pioneer in clinical research for years. This region is home to some major pharmaceutical companies, like Pfizer, Novartis, GlaxoSmithKline, J&J, and Novartis. The region also has the highest concentration of contract research organizations (CROs). Some of the significant CROs 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 the region. To gain an advantage over competitors, the genomics research organizations in the region are increasingly adopting robotics and automation in labs.
- The genomic industry, especially in the United States, is still in its growing phase and is expected to grow at a fast pace over the coming years. The availability of new genome sequencing technologies, well-established healthcare infrastructure, and the increasing geriatric population are significant contributing factors to revenue growth. In the United States, the need to accommodate growth and the drive to boost efficiency are priming blood centers to acquire fully automated walkaway systems, either to perform types and screens or to test specimens for infectious diseases.

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Competitive Landscape

Lab automation in the genomics market is a competitive market, owing to the presence of many small and big players exporting products to many countries. The key strategies adopted by the major players are technological advancement in the product, partnerships, and merger and acquisition. Some of the major players in the market are Thermo Fisher Scientific Inc., Becton Dickinson, Siemens Healthineers AG, and Tecan Group Ltd, among others. Some of the recent developments in the market are :

- In March 2020 - Becton Dickinson and Company, a medical technology company, announced that the BD Kiestra got listed with the US Food and Drug Administration (FDA). The BD Kiestra, a standalone instrument, primarily improves operational efficiency in clinical microbiology laboratories by automating routine plate management tasks and delivering accuracy through standardized digital image acquisition.

Highlights of Lab Automation in Genomics Market report:

-           A complete backdrop analysis, which includes an assessment of the parent market

-           Important changes in Lab Automation in Genomics market dynamics

-           Market segmentation up to the second or third level

-           Historical, current, and projected size of the market from the standpoint of both value and volume

-           Reporting and evaluation of recent industry developments

-           Market shares and strategies of key players

-           Emerging niche segments and regional markets

-           An objective assessment of the trajectory of the market

Customization:

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