Laboratory Robotics Market Growing at 8.12% CAGR during 2017-2021

Market of laboratory robots empower end-users with robust and faster throughput and enable them to process a large volume of samples in a significantly lesser time than that in manual processing. Analysis of data in research and clinical laboratories is vital for establishing a meaningful result, and this is where robots prove to be highly beneficial in achieving the desired objective. Both research and clinical laboratories carry out a number of applications simultaneously, thus increasing the demand for personnel in case of manual operations.

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The analysts forecast global laboratory robotics market to grow at a CAGR of 8.12% during the period 2017-2021. This report covers the present scenario and the growth prospects of the global laboratory robotics market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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Laboratory robotics market trend is advancement in diagnostic capabilities. In recent years, there have been several advancements in healthcare and research capabilities to facilitate the enhancement of medical technologies. Significant developments are taking place in the areas of in-vitro diagnosis techniques such as isothermal nucleic acid and biomarkers. These developments, in turn, necessitate the demand for advanced automation systems for carrying out analysis and reporting the findings.

According to the laboratory robotics market report, one driver in market is addressing productivity and cost management in laboratories. Manually operated laboratories are often characterized by lower productivity in processes owing to human involvement. This, in turn, results in entailing a higher operational cost, additional overhead costs, and increased expenditure of samples, consumables, and reagents. It has been observed that in clinical and research laboratories, approximately 50%–60% of the operational cost is incurred due to labor and associated training and compensations. Laboratory automation technologies such as robots help to enhance the productivity of laboratories and alleviate the escalation of costs incurred due to wastage.

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