Total Lab Automation Market by Product Scope, Demand, Sales and Revenue 2022 to 2027

The Total Lab Automation 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 Total Lab Automation 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 Total Lab Automation market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Total Lab Automation market.

The total lab automation market was valued at USD 4569.3 million in 2020, and it is expected to reach a value of USD 6,672.31 million by 2026, at a CAGR of 6.6% over the forecast period, 2021 - 2026.

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Top Leading Companies of Total Lab Automation Market are - Thermo Fisher Scientific Inc., Danaher Corporation / Beckman Coulter, Hudson Robotics Inc., Becton Dickinson & Co., Synchron Lab Automation, Agilent Technologies Inc., Siemens Healthineers AG, Tecan Group Ltd, PerkinElmer Inc., Inpeco SPA, Roche Holding AG, Abbott Laboratories, Sysmex Corporation and others.

Industry News and Updates:

- February 2020 - Becton, Dickinson and Company announced that the BD Kiestra ReadA is approved by the US Food and Drug Administration (FDA). This standalone device improves the operational efficiency in clinical microbiology laboratories by automating redundant plate management tasks, while delivering accuracy through standardized digital image acquisition.

- October 2019 - THudson Robotic Inc. announced a new product under its Protean Workcell for automating drug discovery and genomic applications for biotech companies, research, and universities. It is designed to address the issue associated with laboratory space and system software and hardware flexibility.

Key Market Trends:

Laboratory Information Management System (LIMS) Expected to Have the Largest Market Share

- Laboratory information management system (LIMS) is a software used to manage and aggregate data from samples and automate workflows and manage associated samples. Additionally, LIMS tracks the lots and reagents, which helps in predetermining and understanding the required lab agents and resources.
- LIMS offers various benefits, such as integration with other in-lab systems, enabling smooth functioning and gathering data at a single place. This is propelling market growth significantly.
- The advances in the fields of genomics that deal with molecular biology concerned with the structure, function, evolution, and mapping of genomes generate an unprecedented amount of data, making it imperative for the laboratories to look for the solutions that cater to such needs. This is expected to boost the LIMS market over the forecast period.

North America is Expected to Hold the Largest Share

- North America is anticipated to register a significant share owing to the presence of the United States, a country with significant investments in clinical research. This country is home to some of the major pharmaceutical companies, like Pfizer, Novartis, GlaxoSmithKline, J&J, and Novartis. The country also has the highest concentration of contract research organizations (CROs). Some of the major CROs in the country 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 country. In order to gain an advantage over competitors, the companies in the country are increasingly adopting robotics and automation in labs.

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:
- Total Lab Automation Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Total Lab Automation Market (%),2016 - 2026
- Total Lab Automation Market Share, By Brand
- Total Lab Automation Market Share, By Company
- Total Lab Automation Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Total Lab Automation Market Value Analysis & Forecast
- Promising Total Lab Automation Development by Major Companies
- Detailed Total Lab Automation Portfolio of the Major Companies
- Major Deals in the Total Lab Automation Market
- Major Companies Analysis

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