Lab Automation Market is Poised to Grow at a CAGR of 7% to Reach US$ 4 Billion by 2032

Worldwide demand for total lab automation services grew by over 11% year-over-year in 2022, increasing from USD 1.8 billion to USD 2 billion compared to 2021. The global lab automation market is divided into several applications, including drug discovery, clinical diagnostics, genomics solutions, and proteomics solutions. Among these, the clinical diagnostics segment leads the market, accounting for 27.1% of total revenue in 2022.

Looking ahead, the global lab automation market is expected to expand significantly, with a compound annual growth rate (CAGR) of 7% from 2022 to 2032. The market is projected to grow from USD 1.8 billion in 2021 to USD 4 billion by 2032.

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Region-wise Analysis

From 2022 to 2032, the lab automation market is projected to grow at a rate of 7.3%. This growth is largely driven by the increasing geriatric population. Japan leads the lab automation market, bolstered by significant research and development activities in the pharmaceutical sector. Additionally, government initiatives aimed at reducing healthcare costs will further stimulate market growth during the forecast period.

India is also expected to see substantial growth in the lab automation market, primarily due to the rising demand for vaccines globally. Moreover, Indian pharmaceuticals are exported to over 200 countries, with the United States as the largest market, which in turn boosts the demand for laboratory automation systems.

Category-wise Insights

According to Fact.MR, the clinical diagnostics segment is set to dominate the market, accounting for 27.1% of total revenue in 2022. This significant share is driven by technological advancements, an increase in automated systems from market players, and the benefits of automation, including reduced contamination risks and minimized human error.

The market is categorized into various end-use segments, including clinical chemistry analysis, photometry and fluorometry, immunoassay analysis, electrolyte analysis, and others.

Read More: https://www.factmr.com/report/lab-automation-market

Competitive Landscape

Most players in the lab automation market focus on expanding their offerings by introducing new automation equipment and customizable software tailored to industry-specific needs. Their strategies also include forming strategic partnerships, collaborating with academic and research institutions, engaging with government entities, and acquiring smaller companies.

For example, in February 2020, Thermo Fisher Scientific, Inc. launched the Rapid EZ DNA-Seq library preparation kit, enabling PCR-free generation of sequencing-ready libraries for next-generation sequencing (NGS).
In July 2020, Danaher Corporation (Beckman Coulter, Inc.) entered a marketing agreement with Clever Culture Systems (CCS), a leader in AI-driven microbiology automation, to promote the APAS Independence within their lab automation portfolio.
Additionally, Becton, Dickinson, and Company announced in February 2020 that the BD Kiestra ReadA received approval from the US Food and Drug Administration (FDA). This standalone device enhances operational efficiency in clinical microbiology labs by automating redundant plate management tasks while ensuring accuracy through standardized digital image acquisition.

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Key Segments Covered in the Lab Automation Market Report

by Product :
Lab Automation Equipment
Automated Workstations
Automated Liquid Handling
Automated Integrated Workstations
Reagent Dispensers
Microplate Washers
Automated Microplate Readers
Multi-mode Microplate Readers
Single-mode Microplate Readers
Automated ELISA Systems
Automated Nucleic Acid Purification Systems
Lab Automation Software & Informatics
Workstation/Unit Automation Software
Laboratory Information Management Systems (LIMS)
Electronic Laboratory Notebook
Scientific Data Management System
by Application :
Drug Discovery
Clinical Diagnostics
Genomics Solutions
Proteomics Solutions
by End User :
Biotechnology & Pharmaceutical Industries
Research & Academic Institutes
Hospitals & Diagnostic Laboratories
Forensic Laboratories
Environmental Testing Labs
Food & Beverage Industry
by Region :
North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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