Laboratory Automation Systems Market Trend and Market Demand Report Till 2021
Importance of laboratory automation systems is increasing in drug discovery and proteomics research where large volumes of samples are tested regularly. These systems are also beneficial in biotechnology and genetic engineering laboratories where high sterility is maintained. Recent success in genetic engineering and stem cell research has encouraged scientists to develop novel biological therapeutic alternatives. Increasing government support and funding has also resulted in an increase in number of laboratories involved in biopharmaceutical research. In 2016, China established first national gene bank, that has the capacity to house millions of samples. This gene bank is claimed to be the largest gene bank globally with library of animal, plant, microorganism and human body cell samples. Formation such institutions would boost the demand for laboratory automation systems in the future. There is also an increase in contract research organization in the recent past. Companies are looking for outside talent and resources to conduct research; this reduces investment cost for the company.
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Various types of laboratory automation systems are currently available in the market. Procurement of these systems mainly depends on type of process to be automated at the laboratory. The laboratory automation systems market has been segmented into liquid handling systems, microplate handling systems, tube handling and labeling systems, pipetting systems and others. Laboratories can also opt for total automation or modular automation systems. Installation of automation systems needs considerable planning and may turn out to be an expensive investment if future needs are not taken into consideration. These automation systems may also require installation of other software for data management and analysis, this may add to overall cost of installation.
Majority of the laboratory automation systems market is concentrated in the North America and Europe region. These regions record higher number of research laboratories and also receive substantial government funding for research and development. Asia Pacific region has however emerged as an attractive market with increased focus on stem cell and genetic research. Number of contract research organizations in this region is also increasing gradually.
Key players in the laboratory automation systems market include Abbott Diagnostics, Becton, Dickinson and Company, Hitachi High-Technologies, Merck Millipore, Roche, Siemens Healthinners, and various others.
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