Total Lab Automation Market Exclusive Report on Current Trends and Future Insights

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Total Lab Automation Market - (By Type of Instrument (Automated Liquid Handling Systems, Automated Microplate Readers, Automated Sampling Systems, Analyzers, Automated Storage and Retrieval Systems (ASRS), Other Instruments), By Application (Diagnostics, Genomic Solutions, Microbiology, Drug Discovery, Proteomic Solutions, Other Applications), By End-User (Pharmaceutical and Biotechnology Companies, Research and Diagnostic Laboratories, Other End-Users)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Total Lab Automation Market is valued at US$ 508.9 Mn in 2022, and it is expected to reach US$ 1,256.1 Mn by 2031, with a CAGR of 12.1% during the forecast period of 2024-2031.

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Laboratory automation is a multidisciplinary, innovative technique used in laboratories to increase productivity, minimize time, and improve laboratory process efficiency. The laboratory automation market is expected to develop during the projected period as a result of technical improvements in laboratory equipment and an increase in the adoption of automated laboratory equipment in pharmaceutical and R&D organizations. Furthermore, lab automation improves the effectiveness of laboratory equipment for procedures like sample handling, verifications, and labelling tubes while reducing physical strain caused by manual processes.

Thus, the multiple benefits of automated systems are expected to make it easier for small and medium-sized laboratories to employ automated systems for increased production. Furthermore, an increase in demand for miniaturized process equipment fuels the market growth. Higher initial investment, on the other hand, stifles market expansion. The quantity of samples analyzed each day has increased in recent years. As a result, market research in this sector has revealed a rise in vendor development of automation systems. This is projected to create chances for the expansion of the lab automation industry.

List of Prominent Players in the Total Lab Automation Market:
• Bionex Solutions
• COPAN Diagnostics
• ERWEKA
• GeSim
• MGI
• Molecular Devices
• Nova Biomedical
• Pall Corporation
• Thermo Fisher Scientific
• Tecan Group
• Danaher Corporation
• Agilent Technologies
• F. Hoffmann-La Roche
• Perkinelmer
• Eppendorf
• Becton, Dickinson And Company
• Waters Corporation
• Siemens Healthineers
• Abbott Laboratories
• bioMérieux
• Endress+Hauser Group
• Hamilton Company
• Hudson Robotics
• Gilson, Inc.
• BMG Labtech
• Aurora Biomed Inc.
• Peak Analysis & Automation
• Formulatrix
• Qiagen N.V.
• Labvantage Solutions, Inc.
• Bio-Rad Laboratories, Inc.
• Labware
• Analytik Jena GMBH

Market Dynamics:
Drivers-
The growing demand for process miniaturization is a major factor driving the expansion of the global laboratory automation market. Automation technologies are increasingly being adopted in clinical laboratories to streamline research processes, particularly in fields such as microbiology, biotechnology, and clinical chemistry. Miniaturization plays a crucial role in enhancing cell expansion, monitoring, and cultivation, significantly reducing turnaround times, especially in point-of-care applications. Additionally, the expanding scope of automation across laboratory processes is expected to propel market growth, as automation has transformed several traditionally manual procedures, improving efficiency and accuracy.

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Challenges:
Despite the rapid advancements in laboratory automation, the industry faces a shortage of skilled professionals capable of designing, operating, maintaining, and troubleshooting complex automated systems. The increasing reliance on robotics, software programming, and automation technologies necessitates specialized expertise, which remains in short supply across various regions and industries. This talent gap hinders the seamless integration and efficient utilization of advanced automation solutions. Without adequately trained personnel, laboratories may struggle to fully capitalize on the benefits of automation investments, impacting overall efficiency and innovation.

Regional Trends:
North America is expected to dominate the global laboratory automation market, registering a significant revenue share and high CAGR in the coming years. Several factors contribute to this growth, including greater awareness of advanced automation systems, a rising number of pharmaceutical companies, and increasing demand for automated laboratory solutions. The region is home to major pharmaceutical firms such as Pfizer, Novartis, Johnson & Johnson, and GlaxoSmithKline, along with a high concentration of contract research organizations (CROs) such as IQVIA, Laboratory Corp. of America Holdings, Syneos Health, and Parexel International Corp.

Additionally, stringent regulatory frameworks enforced by the U.S. Food and Drug Administration (FDA) foster a highly competitive environment, encouraging companies to adopt cutting-edge robotics and automation technologies in laboratories.

Recent Developments:
• In Dec 2023, Abbott said that its latest laboratory automation system has obtained approval from the US Food and Drug Administration and is currently accessible in the US. The GLP Systems Track incorporates a self-propelled single sample carrier, known as CAR, which enables samples to travel autonomously without the need for a belt, as opposed to being connected to a stationary automated track system. The automation system is very adaptable and enables automated transportation of samples across the entire system.
• In Jan 2023, BD (Becton, Dickinson and Company) unveiled a novel robotic track system for the BD KiestraTM microbiological laboratory solution. This system automates the processing of lab specimens, potentially leading to a decrease in human labour and wait times for results.

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Segmentation of Total Lab Automation Market-
By Type of Instrument-
• Automated Liquid Handling Systems
• Automated Microplate Readers
• Automated Sampling Systems
• Analyzers
• Automated Storage and Retrieval Systems (ASRS)
• Other Instruments
By Application-
• Diagnostics
• Genomic Solutions
• Microbiology
• Drug Discovery
• Proteomic Solutions
• Other Applications
By End-User-
• Pharmaceutical and Biotechnology Companies
• Research and Diagnostic Laboratories
• Other End-Users
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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