Lab Automation Market See Incredible Growth 2021-2028 | Tecan Group Ltd., PerkinElmer Inc., Danaher Corporation, Thermo Fisher Scientific, QIAGEN

Market Overview:

Lab automation is a multifaceted approach to research, innovate, maximize and capitalize on technology in the lab that enable better and more efficient processes in science. Automation is used to control, supervise, analyze, collect, record, manage, store, retrieve, redistribute, evaluate, or print information. It is the science of controlled movement of physical systems with or without human involvement for functional needs such as diagnostics, data processing, and design control. Lab automation involves software applications that control key aspects of laboratory operations. These applications help in data management, scientific analysis, process measurement, quality control, and information technology.

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Competitive Landscape:

Major players operating in the global lab automation market include, PerkinElmer Inc., Tecan Group Ltd., Danaher Corporation, QIAGEN, Agilent Technologies, Hamilton Company, Thermo Fisher Scientific, COPAN Diagnostics, Inc., Eppendorf, Roche Diagnostics, Abbot Diagnostics, Siemens Healthineers, UiPath, and Porvair Sciences.

Key Market Drivers:

Growing demand for lab automation in the pharmaceutical &biotechnology industry is primarily fueling growth of the market. The use of system helps in improving productivity with less operational time. The growth is also attributed to the expanding pharmaceutical &biotechnology sector across emerging economies. According to the Indian Economic Survey 2021, India’s domestic pharmaceutical market is estimated at US$ 42 billion in 2021 and likely to reach US$ 65 billion by 2024 and further expand to reach ~US$ 120-130 billion by 2030.

Increasing prevalence of various chronic disease is fostering growth of the lab automation market. According to the National Health Council, chronic diseases affect around 133 million Americans, representing more than 40% of the total population of this country. By 2020, that number is projected to grow to an estimated 157 million, with 81 million having multiple conditions

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Covid-19 Impact Analysis

The market of lab automation has witness strong growth during Covid-19 pandemic due to growing demand for remote sampling. The system has played significant role in reducing the risk of and transmission of infectious disease. The market has gain tremendous growth as many lab test were adapted for at-home sampling during pandemic.

Key Takeaways:

The lab automation market is expected to exhibit a CAGR of 4.9 % over the forecast period, due to growing technological advancement in lab automation. For instance, in October 2020, Synthace Ltd, the company behind Antha, the cloud-based software platform for automating and improving the success rate of biological processes, has launched a new software capability for streamlining a fundamental workhorse of biochemistry: the enzyme-linked immunosorbent assay (ELISA).

North America is expected to witness significant growth over the forecast period and this is attributed to the increasing number of clinical trials. According to the U.S. National Library of Medicine, the number of clinical trials conducted in the U.S. increased from 30,978 in 2018 to 32,523 in 2019.

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Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Lab Automation Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Lab Automation Industry Impact

Chapter 2 Global Lab Automation Competition by Types, Applications, and Top Regions and Countries
2.1 Global Lab Automation (Volume and Value) by Type
2.3 Global Lab Automation (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Lab Automation Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Lab Automation Market Analysis
Chapter 6 East Asia Lab Automation Market Analysis
Chapter 7 Europe Lab Automation Market Analysis
Chapter 8 South Asia Lab Automation Market Analysis
Chapter 9 Southeast Asia Lab Automation Market Analysis
Chapter 10 Middle East Lab Automation Market Analysis
Chapter 11 Africa Lab Automation Market Analysis
Chapter 12 Oceania Lab Automation Market Analysis
Chapter 13 South America Lab Automation Market Analysis
Chapter 14 Company Profiles and Key Figures in Lab Automation Business
Chapter 15 Global Lab Automation Market Forecast (2021-2027)
Chapter 16 Conclusions
Research Methodology

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