Lab Automation Market to witness growth opportunities worth USD 9.67 Bn by 2029 at a CAGR of 8.1 percent

The global Lab Automation Market size was valued at USD 5.18 Bn in 2021, and the total revenue is expected to grow at 8.1 percent through 2021 to 2029, reaching nearly USD 9.67 Bn.

Lab Automation Market Report Scope and Research Methodology

Lab automation is the integration of technology in the laboratory to optimize and enable new and more efficient procedures. In clinical, nonclinical, and industrial settings, laboratory automation can help create the groundwork for improved accuracy, quality, and consistency.

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The COVID-19 epidemic has put diagnostic laboratories under a lot of strain, with teams growing capacity and rapidly growing testing menus while dealing with staff shortages and the requirement to keep working spaces safe and socially separated. Diagnostic laboratories that have adopted process automation have been among the most successful in limiting disruption and even thriving in these difficult conditions.

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Lab Automation Market Dynamics

One of the primary factors likely to fuel the market growth during the forecast period is the increase in the benefits provided by laboratory automation. The change from purely manual intervention to laboratory automation has various advantages for clinical laboratories. Increased productivity, consistent findings, safe working conditions, and significant time, space, and testing cost savings are just a few of the key benefits.

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Based on the Type, the global Lab Automation market is segmented into Total Automation Systems and Modular Automation Systems. The Total Automation Systems segment held the largest market share of 48.3 percent in 2021. For subsequent processing, total automation systems are further split into phases.

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Based on the Application, the global Lab Automation market is segmented into Clinical Chemistry Analysis, Photometry & Fluorometry, Immunoassay Analysis, and Electrolyte Analysis. The Clinical Chemistry Analysis segment held the largest market share of 27.4.6 percent in 2021.

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Lab Automation Market Regional Insights

The region has a large population base, which creates a demand for diagnostic services, thereby driving the adoption of lab automation solutions. Furthermore, the presence of major players in the region, such as Siemens Healthineers, Thermo Fisher Scientific, and Hitachi High-Technologies Corporation, is expected to contribute to the growth of the market. The increasing focus on precision medicine and the emergence of innovative technologies, such as artificial intelligence and machine learning, are also expected to create significant growth opportunities for lab automation market players in the Asia Pacific region.

Lab Automation Market Segmentation

By Product:

• Equipment's
• Automated Workstations
• Robotic Systems
• Microplate readers
• Others
• Software & Informatics
• Workstations automation software
• Laboratory Information Management System (LIMS)
• Scientific Data management system
• Electronic Laboratory notebook

By Type:

• Total Automation Systems
• Modular Automation Systems

By Application:

• Clinical Chemistry Analysis
• Photometry & Fluorometry
• Immunoassay Analysis
• Electrolyte Analysis
• Other end-uses

By End-User:

• Biotechnology & Pharmaceutical
• Research Institutes
• Hospitals & Private Labs
• Forensic Laboratories
• Others

Lab Automation Market Key Competitors include:

• Tecan Group Ltd
• Thermo Fisher Scientific Inc
• Danaher Corporation
• Hamilton
• F. Hoffmann-La Roche Ltd.
• Qiagen N.V.
• Abbott Laboratories
• Siemens AG
• PerkinElmer Inc.
• Agilent Technologies, Inc.
• bioMerieux
• Eppendorf
• Bruker
• Avantor
• Smiths Group
• Corning
• Agilent
• Roche
• Bio-Rad
• Gilson
• Eppendorf
• Beckman Coulter Life Sciences
• PerkinElmer
• Analytik Jena
• VWR International
• Shimadzu
• SCIEX
• HORIBA
• Heska Corporation

Table of Content for Lab Automation Market

Global Lab Automation Market: Research Methodology

Global Lab Automation Market: Executive Summary

Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

Global Lab Automation Market: Competitive Analysis

MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Global Lab Automation Market Segmentation

Global Market, by Product (2021-2029)
Global Market, by Type (2021-2029)
Global Market, by Application (2021-2029)
Global Market, by End-User (2021-2029)

Regional Lab Automation Market (2021-2029)

Regional Market, by Product (2021-2029)
Regional Market, by Type (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by End-User (2021-2029)
Regional Market, by Country (2021-2029)

Company Profile: Key players

Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product, Type, Application and End-User
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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