Lab Automation Market Business Size ,Research Statistics And Forecast 2030

Lab Automation Market Overview:

Laboratory automation refers to the use of technology in the laboratory to optimise and enable new and more efficient methods. In clinical, nonclinical, and industrial settings, laboratory automation can help lay the framework for greater accuracy, quality, and consistency. Laboratory automation boosts productivity by enhancing the quality of experimental data while shortening overall lab process times. A laboratory automation system includes machine vision, conveyor systems, robotics, as well as computer hardware and software. To remain competitive in today's market, lab automation is becoming a more practical and required solution for laboratories. Researchers no longer need to perform repetitive tasks thanks to new automation technology.

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Lab Automation Market Valuation:

Lab Automation Market size was valued at US$ 5.59 Bn. in 2022 and the total revenue is expected to grow at 8.1% through 2023 to 2029, reaching nearly US$ 9.65 Bn.

Lab Automation Market Dynamics

Automation suppliers have developed alternative hardware configurations known as'modular automation' to deliver the specialised lab automation instruments required in a specific laboratory. Modular automation enables hardware customisation to fit laboratory requirements, as well as the capacity to recombine components to satisfy the demands of an ever-changing laboratory environment. The system's services are flexible enough to meet a variety of laboratory needs and budgets.

One of the key reasons that will drive market expansion throughout the forecast period is an increase in the benefits provided by laboratory automation. The transition from mainly manual intervention to laboratory automation has numerous benefits for clinical laboratories. Increased productivity, reliable results, safe working conditions, and significant time, space, and testing cost savings are just a few of the primary advantages. Laboratory automation enables the use of laboratory equipment for repeated processes such as tube labelling and sample verification, as well as the reduction and elimination of physical stress caused by human tasks, resulting in reduced costs and more space in the laboratory.

Lab Automation Market Segmentation

by Type

Total Automation Systems
Modular Automation Systems

The worldwide lab automation market is divided into two types: total automation systems and modular automation systems. In 2022, the Total Automation Systems segment held the greatest market share, with 48.3%. Because of the many benefits that these systems offer. Advances in persuasion in a variety of life science procedures are projected to be a major driving factor in the segment's growth during the forecast period. Total automation systems and modular automation systems are the two types of automation systems available in the marketplace. For subsequent processing, entire automation systems are divided into phases.

by Application

Clinical Chemistry Analysis
Photometry & Fluorometry
Immunoassay Analysis
Electrolyte Analysis
Other

The global Lab Automation market is divided into four segments based on application: clinical chemistry analysis, photometry and fluorometry, immunoassay analysis, and electrolytes analysis. In 2021, the Clinical Chemistry Analysis segment held the greatest market share at 27.4.6%. This large share can be attributed to technological advancements, an increase in automated systems provided by market players, and an increase in the adoption of automated systems due to their benefits, which include reduced contamination risk and the elimination of human error, among others.

by End-User

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

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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

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Regional Insights:

North America had the greatest market share of 37.3% in 2022, and it maintained its lead position throughout the projection period. thanks to a favourable federal attitude, widespread adoption of contemporary technology, a considerable concentration of well-known enterprises, and the presence of a sophisticated healthcare infrastructure Several automation solution vendors in the United States are always innovating to support a diverse variety of clinical equipment. For example, Beckman Coulter's lab automation system was authorised by the United States Food and Drug Administration. Several well-known companies around the world offer bacteriology laboratory automation systems in parts or as whole systems. These improvements are expected to drive growth in the laboratory automation market in the United States.

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