Lab Automation in Bioanalysis Market Insights and Global Outlook During 2022 to 2027

The Lab Automation in Bioanalysis Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Lab Automation in Bioanalysis market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Lab Automation in Bioanalysis market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Lab Automation in Bioanalysis market.

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 - Thermo Fisher Scientific Inc., Agilent Technologies, Beckman Coulter Inc. (Danaher Corporation), Hamilton Company, Hudson Robotics Inc., Becton, Dickinson and Company, Siemens Healthineers AG, Tecan Group Ltd, Shimadzu Corporation and others.

Industry News and Updates:

- 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.

Key Market Trends:

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 market's standards.

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.

Investigator Observers Strong Growth in Specific Regions:

- Europe Market (Germany, UK, France, Russia, Italy)

- Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

- South America Market (Brazil, Argentina, Colombia)

- North America Market (United States, Canada, Mexico)

- Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Lab Automation in Bioanalysis Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Lab Automation in Bioanalysis Market (%),2016 - 2026
- Lab Automation in Bioanalysis Market Share, By Brand
- Lab Automation in Bioanalysis Market Share, By Company
- Lab Automation in Bioanalysis Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Lab Automation in Bioanalysis Market Value Analysis & Forecast
- Promising Lab Automation in Bioanalysis Development by Major Companies
- Detailed Lab Automation in Bioanalysis Portfolio of the Major Companies
- Major Deals in the Lab Automation in Bioanalysis Market
- Major Companies Analysis

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