Lab Automation Market 2015-2025 Industry Analysis, Trends and Forecast
The applications market for lab automation is segmented into – pharmaceutical, clinical diagnostics, biotechnology, food and agriculture, contract research organizations and academia. Forensic, food and agriculture, genomics and proteomics are the application areas which promise to fuel the growth of this market in the future and thereby broadening the market. A particular trend observed in this market is growing influence of automation is expanding from genomics to proteomics because proteomics market requires to increase throughput, create new solutions to improve reproducibility and boost sensitivity for the purification and separation.
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The global market is poised to grow further owing to drivers such as shortage of skilled lab personnel in developed countries, cost effectiveness than manual lab procedures, government and corporate funding in biotech research, increasingly stringent control on research activities by regulatory bodies such as USFDA in healthcare. The major advantages of laboratory automation and the growing emergence of robotics have helped associated scientists and technicians to achieve complex processes in comparatively less time and in low operation cost. Some of the industry experts also emphasize on low error rates especially in a scientific paper or drug development process where precision is important factor.
Global lab automation market is segmented on the basis of equipment/software as automated liquid handling, microplate readers, robotics, automated storage and retrieval system, software and laboratory information system and others. Based on the type of automation, the market is segmented in two segments as - modular automation and total lab automation. Total lab automation provides automation from beginning to the end of the laboratory process, while the modular automation approach provides task specific automation.
North America was the largest market leading in spite of stringent USFDA regulations and pre-marketing approvals. North American and Europe market leads the global lab automation market because of increasing adoption of lab automation systems by research labs, pharmaceutical and biotechnology companies, clinical diagnostics, clinical research institutes, and contract research organizations.Lab automation is a leading laboratory solution in markets such as USA, Canada, Europe and Japan.Asia - Pacific and Latin American countries represent emerging markets, due to a rise in research outsourcing by leading pharmaceutical companies, growing industry demand for accreditation and standardization and rise in biotechnology sector investment.
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Some of the key players in the lab automation market are Abbott Diagnostics, Biotek Instruments Inc., Agilent Technologies, Perkinelmer Inc., Roche Holding AG, Thermo Fisher Scientific Inc., Siemens Healthcare, Beckman Coulter Inc., Hamilton Robotics, Labware Inc. and TECAN.
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