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Lab Automation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

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Laboratory automation is the usage of technology and equipment in laboratories to raise experimental data quality, reduce lab process cycleand in diagnostics. Laboratory automation encompassesprocess, devices, technology and software thatsupport automated workflow process in the laboratories and thus decrease manual steps and faults. It allowstough and faster throughput and analysis of a large number of samples. Laboratory automation applied in different areassuch as drug discovery and clinical testing. Laboratory robotics is the most widely known application of laboratory automation technology. Generally, the field of automation comprises many different devices, software processes, automated laboratory instruments and methodologies used to enable, accelerate and increase the proficiency and effectiveness of laboratory scientific research in laboratories. A laboratory automation system can be either an integrated system or standalone.

Lab automation includes both hardware and software. Hardware Automation involves total automation system where all the devices are combined and modular automation where few of the devices in the workflow are automatic. Factors contributing the growth of lab automation market includes rise in diagnosis leading to work pressure, accuracy of the results, shortage of quality lab technicians, budget constraints for laboratories, reduction in sample contamination risk, time delay, labor charge and areas such as microbiology and hematology are providing better scope for this market. The market for lab automation solutions manufacturers are expected to grow as with the introduction and adoption of forthcoming technologies such as semantic technologies, digital dispensing and microfluidic chips or merger of Lab-on-a-chip (LOC) technology with the systems. Recently, there has been a tremendous use of Microfluidic chips in advanced biological research are gaining popularity. These are used ingenomics, proteomics and metabolic research. The global microfluidic chips market is developing because of their increased worldwide use.However,there are few areas, which are hampering the growth of the market, are affordability and flexibility by small players, refund policies and high cost of equipment. 

North America offers the largest market share of laboratory automation process.However, Europe and Asian Pacific countries are the emerging markets. The rise in aging population leads to high diagnosis rate and large volume of test samplesdriving the clinical diagnostic laboratories opt for automation procedure. 

The application market of lab automation is based upon Clinical Diagnostics, Genomics Solutions and Drug Discovery. According to Equipment and Software category are classified as Automated Liquid Handling, Automated Storage & Retrieval Systems (ASRS), Microplate Readers, Standalone Robots, and Software & Informatics. Lab Automation Market, by type of automation are further divided into Total Lab Automation (TLA) and Modular automation.

End-usersof lab automation market consists of Pharmaceutical Industry, Biotechnology industry, Hospitals and private laboratories, Academic and research institutes. 

Some of the key players in lab automation market are Abbott Diagnostics,Agilent Technologies (U.S), Biomérieux SA, Beckman Coulter, Inc. (Subsidiary of Danaher Corporation, U.S), Hamilton Robotics, Inc.(U.S), LabWare Inc., Perkinelmer, Inc.(U.S), Roche Holding AG, Qiagen N.V., Siemens Healthcare, Tecan Group Ltd. (Switzerland), Thermo Fisher Scientific, Inc. (U.S). 

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. This report provides comprehensive analysis of

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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  • This report provides pin-point analysis for changing competitive dynamics
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  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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