The Lab Automation Market size was valued at US$ 4.0 Bn in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% % for the forecast period ending 2027 reaching a Market value of US$ 5.7 Bn. The research report provides an in-depth analysis of the growth factor, major trends, and opportunities that may influence the growth of the Global Lab Automation Market in the future. Also, reports cover the challenges and risks faced that could hamper the growth during the forecast period. The research report splits the market based on key segments such as type, application, end-users, key companies, and key regions and forecasts to 2027. Moreover, the research report helps the users to take the industry in long term with the help of these key segments. The report gives detailed information about the leading players like
Thermo Fisher Scientific
F. Hoffmann-La Roche Ltd.,
etc. and its market share across the globe.
Keep yourself up to date with the latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunities in Lab Automation Market various segments and emerging territory.
The research offers detailed segmentation of the global Lab Automation market. Key segments analyzed in the research include Type and Application.
By Product Type(Off-the-shelf Automated Work-cells,Robotic Systems,Automated Workstations,Automated Storage & Retrieval Systems (ASRS)
By Application(Drug Discovery,Clinical diagnostics,Microbiology solutions,Genomics Solutions,Proteomics Solutions,Other)
The report will include a market analysis of Lab Automation which includes Business to Business (B2B) transactions as well as Lab Automation aftermarket. The market value has been determined by analyzing the revenue generated by the companies solely. R&D, any third-party channel cost, consulting cost and any other cost except company revenue has been neglected during the analysis of the market. A comprehensive analysis will be provided covering the following points in the report:
Executive Market Summary
Scope of the Lab Automation Report
Key Finding and Recommendations
Growth and Investment Opportunities
Lab Automation Market Value Chain/Supply Chain Analysis
Lab Automation Market Attractive Investment Proposition
Competitive landscape and SWOT Analysis
Lab Automation Market Segmentation Outlook
Company Profiles of Key Players
Top Key Players included in Lab Automation Market:
Thermo Fisher Scientific
F. Hoffmann-La Roche Ltd.
Tecan Group Ltd.
Bio Tek Instruments
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & AfricaCountry Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand, etc.
Key Highlights of the Report:
The research report based on the Lab Automation market offers a microscopic overview of all the matters linked to the industry
The report offers a thorough discussion on the approaches used in the documentation such as PESTEL analysis and SWOT analysis.
The detailed knowledge on the market segments of the industry is provided in the research report.
The in-depth study of market leaders and influential regions is added in the market study report.
The comprehensive data on the growth strategies and patterns followed by the Lab Automation industry is included in the report.
A detailed study of the important business events in the Lab Automation industry in recent years is included in the market study.
The report also provides a narrow analysis on all the technological innovations in the Lab Automation sector.
Key questions answered by Lab Automation market report
What was the Lab Automation market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
What will be the CAGR of the Lab Automation market during the forecast period (2021-2027)?
Which segments were most attractive for investments in 2020? How are these segments expected to grow during the forecast period (2021-2027)?
Which manufacturer/vendor/players in the Lab Automation industry was the market leader in 2019-2021?
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Date : Aug 2021
Report ID : 757
Category : Information Technology
The Global Lab Automation Market was valued at US$ 4.0 Bn in 2020 and is expected to reach US$ 5.7 Bn by 2027, with a
growing CAGR of 5.0% during the forecast period (2021-2027).
Laboratory automation is defined as any device, software, or process that minimizes human intervention and
improves the efficiency of a laboratory. Lab automation utilizes and optimizes lab technology. Laboratory automation
can include the use of robots, conveyors, software, machine vision, etc., which provide benefits such as reduced cycle
times, increased productivity, improved workflow scope, and improved data quality. Laboratory automation or
robotics products are available in a modified form to suit the needs of a particular laboratory or researcher.
The lab automation market is anticipated to witness significant growth owing to rise in R&D investments in pharma
industry. Moreover, increase in demand for atomization in processes for food safety, standardization of work, stringent
quality control from the medical industry is anticipated to propel the market growth. In addition to this, the market is
expected to exhibit moderate growth as it maximizes the accuracy of laboratory results, minimizing human errors.
According to an article, as approximately 60-70% of medical decisions related to diagnosis and treatment involve the
laboratory, the lab processes has to be definite and errorless. Laboratory errors have been reported a frequency of
0.012-0.6% of all test results. Lab automation guarantees a prominent decrease in diagnostics and patient
The lab automation market is witnessing a hindering in the forecast period (2021-2027), owing to factors such as slow
adoption of automation among small and medium-sized laboratories,