Workstation is a platform where laboratory work can be done. In a laboratory, several procedures involving different steps are performed. These steps have risks such as contamination, pipetting errors, or manual errors. Automated workstations are used in laboratories to avoid errors as well as to reduce work pressure. Automated multi-purpose workstations are primarily used in cancer research laboratories or microbiology laboratories where tedious work such as polymerase chain reactions are carried out. Automated workstation are different type of machines used for a variety of processes.
The global automated multi-purpose workstation market is projected to experience robust growth during the forecast period. This can be attributed to the increase in investment in R&D and rise in R&D activities. Increased efficiency in work, involvement of minimum labor, surety of minimized errors, and lack of trained laboratory professionals are the other key factors propelling the global automated multi-purpose workstation market. Furthermore, rise in funding from private and public sectors, increase in productivity of testing, advanced technological solutions, development in the field of drug discovery, clinical diagnostics, forensics etc. are anticipated to augment the market. However, stringent regulations, reluctance to shift to automation in developing countries, and compatibility issues are some of the restraints of the global automated multi-purpose workstation market.
The global automated multi-purpose workstation market can be segmented based on product type, application, end-user, and region. In terms of product type, the market can be divided into pipetting system, PCR workstation, vial filler workstation, phase extraction workstation, sample preparation workstation, and others. Based on application, the market can be classified into oncology, serology, molecular biology, forensics, and others. The molecular biology segment is anticipated to constitute a significant share of the global market due to development and increased application of PCR in various fields, and high specificity of the test involved in molecular biology requiring minimal contaminations. In terms of end-user, the global automated multi-purpose workstation market can be categorized into pharmaceutical industries, academic and research institutes, laboratories, and others.
The automated multi-purpose workstation market is projected to expand at a significant growth rate across the regions. Geographically, the market can be segmented into North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market in terms of revenue and volume. This can be attributed to the development of health care infrastructure, increase in number of pharmaceuticals and research companies, high adoption rate of automated workstations, rise in health care expenditure, development in clinical diagnostic laboratories, CROs, and shortage of trained laboratory professionals. Europe is anticipated to account for a significant market share due to rise in awareness about automated workstations and adoption of technologically advanced solutions to minimize errors. The market in Asia Pacific is expected to register a higher growth rate owing to development of new technology, rise in disposable income, surge in health care expenditure, rise in awareness, and entry of new market players.
In order to obtain a significant position in the global automated multi-purpose workstation market, the key players are adopting strategies such as developing user-friendly and cost-effective product, engaging in mergers and acquisitions, robust R&D, and geographical expansion. Key players operating in the global automated multi-purpose workstation market are Eppendorf AG, BioTek Instruments, Inc., Beckman Coulter, Inc., Aurora Biomed Inc., Analytik Jena AG, and Hudson Robotics, Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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.