Lab Automation in Genomics Market 2022 Precise Outlook - Thermo Fisher Scientific Inc., Danaher Corporation / Beckman Coulter, Hudson Robotics, Inc., Becton

The Lab Automation in Genomics Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The Global Lab Automation in the Genomics market is expected to grow at a CAGR of 7.5% over the forecast period (2021-2026).

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Top Leading Companies of Lab Automation in Genomics Market 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 and others.

Industry News and Updates

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.

- In Nov 2019 - Thermo Fisher Scientific announced its Ion Torrent Genexus System, the first fully integrated, next-generation sequencing (NGS) platform featuring an automated specimen-to-report workflow that delivers results economically in a single day. This turnkey solution redefines the genomic profiling paradigm and enables a future in which local hospitals can adopt NGS testing.

Key Market Trends

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.

Regional Outlook of Lab Automation in Genomics Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Lab Automation in Genomics Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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