Lab Automation Market: Global Industry Analysis and Key Trends (2021-2027)

Lab Automation Market size was valued at US$ 4.80 Bn. in 2020 and the total revenue is expected to grow at 8.1 % through 2021 to 2027, reaching nearly US$ 8.28 Bn.

Lab Automation Market Overview:

The integration of technology in the laboratory to optimise and enable new and more efficient procedures is known as laboratory automation. In clinical, nonclinical, and industrial settings, laboratory automation can help create the groundwork for improved accuracy, quality, and consistency. Laboratory automation increases productivity by improving the quality of experimental data and reducing overall lab process durations. Machine vision, conveyor systems, robotics, and computer hardware and software are all included in a laboratory automation system. In order to stay competitive in the current market, lab automation is becoming a more viable alternative and a necessary solution for laboratories. Researchers no longer have to conduct repeated activities due to modern automation technology. Lab automation assists by allowing laboratory employees to keep control over the influx of samples, thereby enhancing workflow and allowing for the prompt delivery of patient findings. Lab Automation Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysed specially with the impact of lockdown by region.

Lab Automation Market Dynamics:

Alternative hardware configurations known as 'modular automation' have been developed by automation providers to supply specialized lab automation tools required in a particular laboratory. Modular automation allows for the customization of hardware to meet the needs of the laboratory, as well as the ability to recombine components to meet the demands of the ever-changing laboratory environment. The services that the system may deliver are adaptable to a wide range of laboratory requirements and budgets. One of the primary factors likely to fuel the market growth during the forecast period is the increase in the benefits provided by laboratory automation. The change from purely manual intervention to laboratory automation has various advantages for clinical laboratories. Increased productivity, consistent findings, safe working conditions, and significant time, space, and testing cost savings are just a few of the key benefits. Laboratory automation allows for the use of laboratory equipment for repetitive operations such as labeling tubes and sample verification, as well as the reduction and minimization of physical stress caused by manual chores, resulting in lower expenses and more space in the lab. Automating typical lab procedures with dedicated workstations and software to programme instruments boosts lab productivity and gives individual researchers more creative time. Automation produces high-quality data, improves documentation, and allows for the generation of more data with less work. As a result, the Lab Automation Market is estimated to develop due to increased reproducibility and precision. However, one of the main factors restricting the growth of the laboratory automation market is the high initial investment cost. Such high costs can be attributed to the expense that laboratories must bear in order to implement the advanced technologies used in laboratory automation. Lab Automation Market 1

COVID-19 IMPACT:

The COVID-19 epidemic has put diagnostic laboratories under a lot of strain, with teams growing capacity and rapidly growing testing menus while dealing with staff shortages and the requirement to keep working spaces safe and socially separated. Diagnostic laboratories that have adopted process automation have been among the most successful in limiting disruption and even thriving in these difficult conditions. Because of the flexibility that automated systems provide, forward-thinking laboratories have been able to quickly return to near-full productivity while still adhering to local social distancing regulations. When the constraints are relaxed and people can return, these laboratories will be in a great position to take use of their automated procedures to grow their capabilities even further. COVID-19 has compelled diagnostic laboratories to enhance testing capabilities and scale up services, putting significant strain on physical infrastructure as well as data management systems. Growth of high-throughput testing capabilities without scaling procedures in the digital environment may limit the efficiencies that automation provides and may jeopardise the results' integrity. In the event of a global pandemic, errors in the processing of test results could have major consequences for the disease's spread and erode public confidence in testing measures. According to research, the industry total testing volumes were 245% as a baseline in 2020. Routine testing, which proverb a descent of 66% in the initial days of the COVID-19 epidemic. However, currently is it almost over 100% of pre-epidemic baseline levels across the United States. Although COVID-19 and routine testing volume pooled is unbiased underneath 250% of baseline. Corporate professionals estimate significant COVID-19 testing throughout 2021 and even into 2025 and an upsurge in greatly penetrating antibody testing as the number of individuals vaccinated increases.

Global Lab Automation Market Segment Analysis:

Based on the Type, the global Lab Automation market is segmented into Total Automation Systems and Modular Automation Systems. The Total Automation Systems segment held the largest market share of 48% in 2020. Because of the numerous advantages that these systems provide. One of the major driving factors expected to fuel the segment's growth over the forecast period has been advances in this persuasion in numerous life science procedures. Total automation systems and modular automation systems are the two types of automation systems used in the market. For subsequent processing, total automation systems are further split into phases. Many drug discovery laboratories are currently embracing lab automation systems such as benchtop automation systems, which are primarily driven by the need to facilitate repetitive activities or technically complex processes. Based on the Application, the global Lab Automation market is segmented into Clinical Chemistry Analysis, Photometry & Fluorometry, Immunoassay Analysis, and Electrolyte Analysis. The Clinical Chemistry Analysis segment held the largest market share of 27.4% in 2020. This high share can be ascribed to technological improvements, an increase in automated systems provided by market players, and an increase in the use of automated systems as a result of their benefits, which include reduced risk of contamination and the removal of human error, among others. Significant technological improvements have been made in the automation of immunoassays. The potential end-user has multiple options for immunoassay analysis thanks to automated and hands-free processing of various small batches of immunoassays in research labs. The use of automated systems by forensic labs and biobanks is the other end-use segment. Lab Automation Market 2 Based on the Vertical, the global Lab Automation market is segmented into Retail, Healthcare, and Pharmaceutical, Manufacturing, Transportation and Logistics, Energy and Utilities, Government, and Others. The Manufacturing segment held the largest market share of 36% in 2020. The growing number of manufacturing units in emerging economies including India and Mexico has enhanced the outsourced of inventory and raw materials for manufacture. The Indian government's 'Make in India' policy, for example, places a heavy emphasis on the growth of the home manufacturing industry and may boost indigenous production. Such projects work well for the industrial sector's growth during the forecast period.

Global Lab Automation Market Regional Insights:

North America held the largest market share of 37% in 2020 and it remain kept its leading position during the forecast period. due to a positive federal attitude, broad acceptance of modern technology, a significant concentration of well-known firms, and the presence of a sophisticated healthcare infrastructure Several automation solution vendors in the United States are always inventing to accommodate a wide range of clinical equipment. The US Food and Drug Administration approved Beckman Coulter's lab automation system, for example. Several well-known companies around the world provide bacteriology laboratory automation systems in pieces or as complete systems. The laboratory automation market in the United States is likely to grow as a result of these advancements. Lab Automation Market 3 Asia Pacific is expected to grow at the highest CAGR of 9.92% in the global Lab Automation market during the forecast period. The reason is the growing need for lab automation in developing nations such as China and India. Increased efforts by regional and global businesses to provide access to cutting-edge lab automation technologies in these promising areas are also thought to be contributing to the region's profitable growth. The objective of the report is to present a comprehensive analysis of the global Lab Automation Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global Lab Automation Market dynamic, structure by analyzing the market segments and project the global Lab Automation Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Lab Automation Market make the report investor’s guide.

Global Lab Automation Market Scope: Inquire before buying

Global Lab Automation Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 4.80 Bn.
Forecast Period 2021 to 2027 CAGR: 8.1 % Market Size in 2027: US $ 8.28 Bn.
Segments Covered: by Product • Equipment’s • Automated Workstations • Robotic Systems • Microplate readers • Others • Software & Informatics • Workstations automation software • Laboratory Information Management System (LIMS) • Scientific Data management system • Electronic Laboratory notebook
by Type • Total Automation Systems • Modular Automation Systems
by Application • Clinical Chemistry Analysis • Photometry & Fluorometry • Immunoassay Analysis • Electrolyte Analysis • Other end-uses
by End-User • Biotechnology & Pharmaceutical • Research Institutes • Hospitals & Private Labs • Forensic Laboratories • Others

Global Lab Automation Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Global Lab Automation Market Key Players

• Tecan Group Ltd • Thermo Fisher Scientific Inc • Danaher Corporation • Hamilton • F. Hoffmann-La Roche Ltd. • Qiagen N.V. • Abbott Laboratories • Siemens AG • PerkinElmer Inc. • Agilent Technologies, Inc. • bioMerieux • Eppendorf • Bruker • Avantor • Smiths Group • Corning • Agilent • Roche • Bio-Rad • Gilson • Eppendorf • Beckman Coulter Life Sciences • PerkinElmer • Analytik Jena • VWR International • Shimadzu • SCIEX • HORIBA • Heska Corporation

Frequently Asked Questions:

1] What segments are covered in Lab Automation Market report? Ans. The segments covered in Lab Automation Market report are based on Product, Type, Application, and End-User. 2] Which region is expected to hold the highest share in the global Lab Automation Market? Ans. North America is expected to hold the highest share in the global Lab Automation Market. 3] What is the market size of global Lab Automation Market by 2027? Ans. The market size of global Lab Automation Market by 2027 is expected to reach US $ 8.28 Bn. 4] Who are the top key players in the global Lab Automation Market? Ans. Tecan Group Ltd, Thermo Fisher Scientific Inc, Danaher Corporation, Hamilton, F. Hoffmann-La Roche Ltd., Qiagen N.V. are the top key players in the global Lab Automation Market. 5] What was the market size of global Lab Automation Market in 2020? Ans. The market size of global Lab Automation Market in 2020 was US $ 4.80 Bn.
1. Global Lab Automation Market: Research Methodology 2. Global Lab Automation Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Lab Automation Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Lab Automation Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Lab Automation Market Segmentation 4.1 Global Lab Automation Market, by Product (2020-2027) • Equipment’s o Automated Workstations o Robotic Systems o Microplate readers o Others • Software & Informatics o Workstations automation software o Laboratory Information Management System (LIMS) o Scientific Data management system o Electronic Laboratory notebook 4.2 Global Lab Automation Market, by Type (2020-2027) • Total Automation Systems • Modular Automation Systems 4.3 Global Lab Automation Market, by Application (2020-2027) • Clinical Chemistry Analysis • Photometry & Fluorometry • Immunoassay Analysis • Electrolyte Analysis • Other end-uses 4.4 Global Lab Automation Market, by End-User (2020-2027) • Biotechnology & Pharmaceutical • Research Institutes • Hospitals & Private Labs • Forensic Laboratories • Others 5. North America Lab Automation Market(2020-2027) 5.1 Global Lab Automation Market, by Product (2020-2027) • Equipment’s o Automated Workstations o Robotic Systems o Microplate readers o Others • Software & Informatics o Workstations automation software o Laboratory Information Management System (LIMS) o Scientific Data management system o Electronic Laboratory notebook 5.2 Global Lab Automation Market, by Type (2020-2027) • Total Automation Systems • Modular Automation Systems 5.3 Global Lab Automation Market, by Application (2020-2027) • Clinical Chemistry Analysis • Photometry & Fluorometry • Immunoassay Analysis • Electrolyte Analysis • Other end-uses 5.4 Global Lab Automation Market, by End-User (2020-2027) • Biotechnology & Pharmaceutical • Research Institutes • Hospitals & Private Labs • Forensic Laboratories • Others 5.5 North America Lab Automation Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Lab Automation Market (2020-2027) 6.1. Asia Pacific Lab Automation Market, by Product (2020-2027) 6.2. Asia Pacific Lab Automation Market, by Type (2020-2027) 6.3. Asia Pacific Lab Automation Market, by Application (2020-2027) 6.4. Asia Pacific Lab Automation Market, by End-User (2020-2027) 6.5. Asia Pacific Lab Automation Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Lab Automation Market (2020-2027) 7.1 Middle East and Africa Lab Automation Market, by Product (2020-2027) 7.2. Middle East and Africa Lab Automation Market, by Type (2020-2027) 7.3. Middle East and Africa Lab Automation Market, by Application (2020-2027) 7.4. Middle East and Africa Lab Automation Market, by End-User (2020-2027) 7.5. Middle East and Africa Lab Automation Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Lab Automation Market (2020-2027) 8.1. Latin America Lab Automation Market, by Product (2020-2027) 8.2. Latin America Lab Automation Market, by Type (2020-2027) 8.3. Latin America Lab Automation Market, by Application (2020-2027) 8.4. Latin America Lab Automation Market, by End-User (2020-2027) 8.5. Latin America Lab Automation Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Lab Automation Market (2020-2027) 9.1. European Lab Automation Market, by Product (2020-2027) 9.2. European Lab Automation Market, by Type (2020-2027) 9.3. European Lab Automation Market, by Application (2020-2027) 9.4. European Lab Automation Market, by End-User (2020-2027) 9.5. European Lab Automation Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Tecan Group Ltd 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Thermo Fisher Scientific Inc 10.3. Danaher Corporation 10.4. Hamilton 10.5. F. Hoffmann-La Roche Ltd. 10.6. Qiagen N.V. 10.7. Abbott Laboratories 10.8. Siemens AG 10.9. PerkinElmer Inc. 10.10. Agilent Technologies, Inc. 10.12. bioMerieux 10.13. Eppendorf 10.14. Bruker 10.15. Avantor 10.16. Smiths Group 10.17. Corning 10.18. Agilent 10.19. Roche 10.20. Bio-Rad 10.2. Gilson 10.21. Eppendorf 10.22. Beckman Coulter Life Sciences 10.23. PerkinElmer 10.24. Analytik Jena 10.25. VWR International 10.26. Shimadzu 10.27. SCIEX 10.28. HORIBA 10.29. Heska Corporation

About This Report

Report ID 104879
Category Information Technology & Telecommunication
Published Date Jun
Updated Date Dec 2021
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