Lab Automation For In-vitro Diagnostics Market 2022 Size, Status and Growth Outlook - Cognex Corporation, Roche Holding AG, Thermo Fisher Scientific Inc., Danaher Corporation

The Lab Automation For In-vitro Diagnostics 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 lab automation for in-vitro diagnostics market was valued at USD 4,569.32 million in 2020 and is expected to reach USD 6,684.8 million by 2026, registering a CAGR of 6.64% during the period of 2021-2026.

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Top Leading Companies of Lab Automation For In-vitro Diagnostics Market are Cognex Corporation, Roche Holding AG, Thermo Fisher Scientific Inc., Danaher Corporation, Agilent Technologies Inc., Abbott Laboratories, PerkinElmer Inc., Tecan Group Ltd, Becton, Dickinson and Company, Siemens Healthineers AG and others.

Industry News and Updates

April 2020- Amid the outbreak of the novel coronavirus across the world, Roche Diagnostics has initiated a clinical trial of medicine Actemra or RoActemra to explore its potential use in the treatment of severe COVID-19 pneumonia patients. Roche Diagnostics has received a green signal from the central government to carry out the COVID-19 test in India. The company is expanding both in terms of diagnostics and medicine, by adapting to the market demands.

- March 2020- Thermo Fisher Scientific Inc. launched Chromeleon 7.3 CDS software, which is designed to provide greater automation and better workflow support to help customers achieve significant productivity gains of up to 33%. It can be easily integrated into company systems and seamlessly scaled from workstation to global enterprise deployment, ensuring continuity throughout the business.

- January 2020- Agilent Technologies Inc. launched a new product designed to address key challenges that laboratories encounter when preparing DNA sequencing libraries for their research. The company's new SureSelect XT HS2 kit will help researchers accelerate their capture-based enrichment library preparation, without sacrificing the quality.

Key Market Trends

North America to Hold the Largest Market Share

- North America has been a pioneer in clinical research for years. This region is home to some of the 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.

- The region is expected to account for the largest share of the market, owing to the availability of government funds, stringent FDA regulations, the growing use of molecular diagnostics in genetic disorders and cancer screening, and the presence of most of the major players in this region.

- Also, the increasing number of surgeries and the prevalence of various chronic diseases are also significantly driving the demand for automation in the clinical diagnostics industry. According to the American Orthopedic Surgeons (AAOS), approximately 3 million total knee arthroplasty surgeries are likely to be performed in the United States by 2030. The diagnosis of these and other chronic conditions requires sample collection, thereby boosting the demand for the market studied.

Regional Outlook of Lab Automation For In-vitro Diagnostics 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 For In-vitro Diagnostics 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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