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Modular Laboratory Automation Market Set to Grow Rapidly Driven by Increasing Demand for Efficient Laboratory Operations and Precision Medicine

02-24-2023 09:46 AM CET | IT, New Media & Software

Press release from: Trouve360Reports

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Modular Laboratory Automation Market Set to Grow Rapidly Driven by Increasing Demand for Efficient Laboratory Operations

Modular Laboratory Automation Market Set to Grow Rapidly Driven by Increasing Demand for Efficient Laboratory Operations

[San Francisco, USA] - The global modular laboratory automation market refers to the use of modular and flexible automated systems for laboratory processes such as sample preparation, analysis, and storage. Modular laboratory automation enables laboratories to automate their workflows and increase efficiency, while also improving the quality and reliability of their results.

The market for modular laboratory automation is growing rapidly due to various factors, including the increasing demand for high-throughput screening, the need for more efficient laboratory operations, and the growing focus on precision medicine and personalized healthcare. The market includes various technologies such as automated liquid handling systems, microplate readers, and laboratory information management systems (LIMS).

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The market is segmented based on types and application, and geography. By type, the market is divided into Automated Liquid Handlers, Automated Plate Handlers, Robotic Arms, Automated Storage and Retrieval Systems, Analyzers and others. By application, the market is segmented into Drug Discovery and Development, Genomics, Proteomics, Clinical Diagnostics, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.

North America is the largest market for modular laboratory automation, driven by the presence of several leading market players and a well-established pharmaceutical and biotechnology industry. The increasing demand for personalized medicine, the growing focus on drug discovery and development, and the need for efficient laboratory operations are some of the factors driving the growth of the market in this region.

Europe is another significant market for modular laboratory automation, with a growing focus on precision medicine and the adoption of advanced technologies in healthcare. The region has a large number of academic research institutes and pharmaceutical companies, which are driving the demand for modular laboratory automation. The United Kingdom, Germany, and France are some of the major markets for modular laboratory automation in Europe.

The Asia Pacific is expected to be the fastest-growing market for modular laboratory automation during the forecast period. The region has a large population and a growing demand for personalized healthcare solutions. The increasing focus on drug discovery and development, along with the growing adoption of advanced technologies in healthcare, is driving the demand for modular laboratory automation in this region. China, Japan, and India are some of the major markets for modular laboratory automation in Asia Pacific.

The Rest of the World market includes Latin America, the Middle East, and Africa. The market in this region is driven by factors such as the increasing adoption of advanced technologies in healthcare, the growing demand for personalized medicine, and the presence of a large number of academic research institutes and pharmaceutical companies. Brazil, South Africa, and Saudi Arabia are some of the major markets for modular laboratory automation in this region.

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The modular laboratory automation market is highly competitive, with many players operating in the market, including both global and regional companies. Key players in the market include Thermo Fisher Scientific, Danaher, Hudson Robotics, Becton, Dickinson and Company, Synchron Lab Automation, Agilent Technologies, Siemens Healthineers, Tecan Group Ltd, PerkinElmer, Honeywell, Bio-Rad, Roche, Shimadzu Corporation, Aurora Biomed, GENEWIZ, Illumina, Bruker Corporation, GE Healthcare, Luminex Corporation, Waters Corporation, among others.

In conclusion, the modular laboratory automation market is expected to continue growing in all regions, with the Asia Pacific region projected to be the fastest-growing market during the forecast period. The growth of the pharmaceutical and biotechnology industry, the increasing demand for personalized medicine, and the adoption of advanced technologies in healthcare are the key drivers of the market in all regions.

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