Global Lab Automation Market Report 2022-2029: Market Values, Report Scope, Research Methodology, Drivers, Restraints, and Regional Insights

13.09.2023: Lab Automation Market Report Scope and Research Methodology

Our report is based on a rigorous research methodology that involves data collection from authoritative sources and primary research, ensuring the reliability of our findings. This methodology adheres to the highest standards, providing dependable market intelligence.

Our latest report offers a comprehensive analysis of the Global Lab Automation Market, providing insights into the market drivers, constraints, research methodology, and regional trends. We have meticulously gathered and analyzed both quantitative and qualitative data, ensuring the accuracy and reliability of our insights.

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What are Lab Automation Market Dynamics?

Automation providers have introduced alternative hardware configurations known as 'modular automation' to supply specialized lab automation tools needed for specific laboratories. Modular automation offers the flexibility to customize hardware to match laboratory requirements and reconfigure components to adapt to the ever-evolving laboratory environment. The system's services can be tailored to a wide range of laboratory needs and budgets.

One of the primary drivers expected to fuel market growth is the multiple benefits offered by laboratory automation. Transitioning from manual intervention to laboratory automation offers various advantages for clinical laboratories, including increased productivity, consistent results, safer working conditions, and substantial time, space, and testing cost savings. Laboratory automation enables the use of laboratory equipment for repetitive tasks such as labeling tubes and sample verification, reducing physical strain caused by manual tasks and resulting in lower costs and increased lab space.

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What is Lab Automation Market Segmentation?

Type Segment: The global Lab Automation market is divided into Total Automation Systems and Modular Automation Systems. In 2022, the Total Automation Systems segment held the largest market share at 48.3%. Advances in this technology in various life science procedures are expected to be a major driver of the segment's growth. Total automation systems and modular automation systems are the two primary types of automation systems used in the market. Many drug discovery laboratories are embracing lab automation systems like benchtop automation systems, primarily to facilitate repetitive or technically complex tasks.
Application Segment: The global Lab Automation market is categorized by application into Clinical Chemistry Analysis, Photometry & Fluorometry, Immunoassay Analysis, and Electrolyte Analysis. In 2021, the Clinical Chemistry Analysis segment held the largest market share at 27.4%. Technological advancements, increased automation systems provided by market players, and the growing use of automated systems due to their benefits, including reduced contamination risk and elimination of human error, contribute to this high share.
Vertical Segment: The global Lab Automation market includes verticals such as Retail, Healthcare, Pharmaceutical Manufacturing, Transportation and Logistics, Energy and Utilities, Government, and Others. The Manufacturing segment held the largest market share at 36.6% in 2021. The growth of manufacturing units in emerging economies like India and Mexico has increased the outsourcing of inventory and raw materials for manufacturing. Initiatives like India's 'Make in India' policy, which promotes domestic manufacturing, are expected to boost local production and benefit the industrial sector.

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Who are Lab Automation Market Key Players?

1. Tecan Group Ltd
2. Thermo Fisher Scientific Inc
3. Danaher Corporation
4. Hamilton
5. F. Hoffmann-La Roche Ltd.
6. Qiagen N.V.
7. Abbott Laboratories
8. Siemens AG
9. PerkinElmer Inc.
10. Agilent Technologies, Inc.
11. bioMerieux
12. Eppendorf
13. Bruker
14. Avantor
15. Smiths Group
16. Corning
17. Agilent
18. Roche
19. Bio-Rad
20. Gilson
21. Eppendorf
22. Beckman Coulter Life Sciences
23. PerkinElmer
24. Analytik Jena
25. VWR International
26. Shimadzu
27. SCIEX
28. HORIBA
29. Heska Corporation

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Table of content for the Lab Automation Market includes:

Part 01: Executive Summary

Part 02: Scope of the Lab Automation Market Report

Part 03: Global Lab Automation Market Landscape

Part 04: Global Lab Automation Market Sizing

Part 05: Global Lab Automation Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Regional Insights:

North America: North America held the largest market share at 37.3% in 2022 and is expected to maintain its leadership during the forecast period. Factors such as a favorable federal attitude, widespread adoption of advanced technology, a significant presence of renowned companies, and a sophisticated healthcare infrastructure contribute to the market's growth in the United States. Several automation solution providers in the United States continually innovate to accommodate a wide range of clinical equipment, further propelling the market's growth.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
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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