Press release
Lab Automation Market Projected to Reach USD 14.68 Billion by 2034, Growing at a CAGR of 6.6%
Lab Automation Market
Market Explanation:
Laboratory automation systems are the incorporation of automated technology into the lab to enable contemporary and enhanced procedures. Normally, lab automation solutions automate the most mundane chores in labs, such as library devising and liquid management, that have normally been carried out manually by lab technicians or scientists. Several labs utilize laboratory automation to restore physical, tedious tasks, escalate output, and enhance quality.
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The tasks that are inclined to human fallacies are frequently those that are more appropriate for automation, the tedious, uninteresting laboratory chores. Furthermore, comprehensive lab automation solutions can include advanced process control software, conveyor systems, laboratory robotics, machinery integration for analysis, and specimen storage and retrieval systems.
Market Growth Drivers:
Integration of Artificial Intelligence (AI) and Machine Learning (ML): The integration of AI and ML into laboratory automation systems is notably improving data analysis and functional productivity. AI and ML algorithms ease predictive analytics and smoothen workflow, decreasing human mistakes and growing duplicity. AI in lab automation-propelled software mechanizes intricate data translations, causing more precise and prompt outcomes in clinical diagnostics and research applications, boosting the lab automation market demand.
Growing Usage of Robotics Systems: Robotics systems are transforming laboratory workflows by enabling high-throughput screening and advanced robotics techniques that allow for efficient processing of extensive proportions of specimens with the least human interference, thus improving functional efficacy and output. These systems are essentially advantageous in drug detection and genomics, where speedy and accurate analysis is important.
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Competitive Landscape:
The report presents a competitive analysis based on an in-depth evaluation of leading players' product portfolios, geographic presence, and key growth strategies. Market leaders are given as follows:
• Abbott Laboratories
• Agilent Technologies, Inc.
• Aurora Biomed Inc.
• Becton, Dickinson and Company
• bioMérieux SA
• Danaher Corporation
• Eppendorf AG
• F. Hoffmann-La Roche Ltd.
• Hamilton Company
• Hudson Robotics
• PerkinElmer Inc.
• QIAGEN N.V.
• Siemens Healthineers AG
• Tecan Group Ltd.
• Thermo Fisher Scientific Inc.
Lab Automation Market Developments
• January 2025: Tecan launched the Veya liquid handling platform, unveiled at SLAS. Designed to boost laboratory efficiency and precision, the platform features AI-enhanced automation and seamless system integration to improve productivity and regulatory compliance.
• July 2024: Inpeco introduced FlexLab X at ADLM 2024 in Chicago-a next-generation total lab automation system. The platform delivers enhanced flexibility, performance, and user experience, aiming to transform clinical laboratory workflows.
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Regional Outlook:
Regional augmentation policies in the lab automation market are also important, with firms targeting emerging markets to benefit from the growing demand.
North America holds the largest market share supported by an entrenched healthcare framework and notable funding in research and development. The existence of prominent pharmaceutical and biotechnology firms in the region has speeded up the acquisition of progressive automation technologies to improve laboratory productivity and precision.
Europe is witnessing significant growth fueled by sizeable funding in research and development especially in nations such as Germany and the UK.
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Segmental Overview:
By Product Outlook (Revenue-USD Billion, 2020-2034)
• Automated Workstation
• Off-The-Shelf Automated Work Cell
• Software
• Robotic System
• Others
By Automation Outlook (Revenue-USD Billion, 2020-2034)
• Task Targeted Automation
• Total Laboratory Automation
• Subtotal Automation
By Application Outlook (Revenue-USD Billion, 2020-2034)
• Genomics Solutions
• Microbiology
• Drug Discovery
• Clinical Diagnostics
• Others
By End Use Outlook (Revenue-USD Billion, 2020-2034)
• Hospitals & Diagnostic Laboratories
• Forensic Laboratories
• Environmental Testing Laboratories
• Food and Beverages
• Research & Academic Institutes
• Biotechnology & Pharma Companies
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