Total Lab Automation Market Development Supported by Increasing Demand for Automation Solutions

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Total Lab Automation Market - (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 2023, 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 encompasses a multidisciplinary and innovative approach aimed at enhancing operational efficiency, reducing processing time, and improving overall laboratory productivity. The laboratory automation market is expected to witness substantial growth over the forecast period, driven by advancements in laboratory instrumentation and the increasing adoption of automated systems by pharmaceutical companies and research and development organizations.

Automation streamlines critical laboratory processes, including sample handling, verification, and tube labeling, while simultaneously reducing the physical demands associated with manual operations. These benefits are anticipated to encourage adoption among small and medium-sized laboratories, thereby supporting higher throughput.

Furthermore, the growing demand for miniaturized processing equipment is contributing to market expansion. Nevertheless, the high initial capital investment required for automation technology remains a key challenge. The rising volume of daily sample processing has prompted vendors to accelerate the development of advanced automation solutions, creating new opportunities for growth within the laboratory automation sector.

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

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Market Dynamics
Drivers:
The global laboratory automation market is being propelled by the increasing demand for process miniaturization. Adoption of automated technologies in clinical and research laboratories is driven by the need to streamline and accelerate complex procedures across fields such as microbiology, biotechnology, and clinical chemistry.

Miniaturization enhances capabilities for cell expansion, monitoring, and cultivation, thereby reducing turnaround times, particularly in point-of-care settings. Furthermore, the expanding range of laboratory automation applications continues to support market growth, as automation increasingly replaces traditionally manual laboratory operations.

Challenges:
The widespread deployment of laboratory automation systems has heightened the demand for skilled professionals capable of designing, operating, maintaining, and troubleshooting these advanced platforms. A significant shortage of expertise in robotics, software development, and automation-specific knowledge across regions and industries represents a major barrier. This talent gap can limit the effective utilization of sophisticated automation technologies, potentially preventing laboratories from fully realizing the benefits of their investments without adequately trained personnel.

Regional Trends:
North America is projected to capture a significant share of the global laboratory automation market and register strong compound annual growth in the near term. This expansion is supported by increasing awareness of advanced automation systems, a growing pharmaceutical sector, and rising demand for efficiency-enhancing solutions.

The region hosts leading pharmaceutical companies, including Pfizer, Novartis, Johnson & Johnson, and GlaxoSmithKline, alongside a dense network of contract research organizations (CROs) such as IQVIA, Laboratory Corporation of America Holdings, Syneos Health, and Parexel International. The presence of these key industry players, combined with stringent FDA regulations, fosters a highly competitive market landscape. To maintain a strategic advantage, companies are increasingly integrating robotics and automation technologies into laboratory operations.

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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.

Segmentation of Total Lab Automation Market-
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

Read Overview Report- https://www.insightaceanalytic.com/report/total-lab-automation-market/2304

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.