CMI published a business research report on “Lab Automation Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2021–2026”. Lab Automation with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.

Lab Automation Market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. Lab Automation Market offers complete, proficient report delivering market research data that is relevant for new market entrants or set up players. Key strategies of the companies operating in the market and their impact analysis have been included in the report.

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The global lab automation market, by product type (Automated Liquid Handling System, Micro plate Reader, Automated Storage and Retrieval System, Automated ELISA System, Automated Nucleic acid purification system, Robotic system, Software, and Others), by application (Drug Discovery, Clinical Diagnostics, Genomics, Proteomics, Cell Biology, and Other Applications) by end user (Pharmaceutical and Biotechnology Companies, Diagnostics Laboratories, and Research and Academic Institutions) and by region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa), was pegged at US$ 5,218.3 million in 2016 and is further expected to exhibit a robust CAGR of 4.8% over the forecast period (2017-2025).

Burgeoning application of lab automation equipment in genomics for the diagnosis and treatment of various diseases is one of the greatest growth-propelling factors for the global market growth. Genomics involves gene mapping and gene editing procedures, which require integrated automated workflow solution of lab automation equipment. For instance, DNA testing is an evolving non-invasive screening technique utilized for early cancer detection. New gene editing techniques, such as CRISPR-Cas9, are taking genomics to new heights, supported by lab automation systems. Personalized medicines are gaining significant traction across the world, which in turn, is predicted to rev up the global lab automation market growth.

Several companies are offering integrated solutions to private and public research institutes. For instance, in June 2017, DiaSorin and Tecan Group announced the collaboration, under which DiaSorin will make use of Tecan’s Fluent Laboratory Automation Solution as Nucleic Acid extraction platform. Furthermore, in January 2018, Hamilton developed a pioneering method for automating the library preparation of SOPHiA GENETICS’ CE-IVD marked hereditary cancer solution application in an advanced and flexible way. The microlet automated workflow system helping this method curbs the challenges associated with manual sample preparation and further standardizes the process, minimizing human intervention.

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Key Takeaways of the Lab Automation Market:

  • Huge investments in drug discovery by the global pharmaceutical companies, increased research in genomics and proteomics, and the expanding diagnostics segment are expected to foster the global market growth in the following years.
  • North America is poised to dominate the global market throughout the forecast period, buoyed by the robust research infrastructure in both the academic and commercial spaces and high investments by stakeholders in lab automation.
  • Multiple product launches are underway, and the trend is expected to continue throughout the forecast period.
  • Mergers, acquisitions, and collaborations and new product launches are major focus of leading companies in this field.

Key Competitors:

The major players operating in the global lab automation market include Tecan Group Ltd, PerkinElmer Inc., Beckman Coulter Inc., Thermo Fisher Scientific, Agilent Technologies Inc., Hamilton Robotics, Abbot Diagnostics Inc., Eppendorf Inc., QIAGEN, Roche Diagnostics Inc., and Siemens Healthineers.

These market players are keen on acquiring global businesses in order to strengthen their positions in the global market. For instance, Tecan Group ltd. acquired Sias AG in 2015, a company operating in modular and complete lab automation solutions, this acquisition resulted in increasing revenue and profit in first quarter of 2016.

In addition, these companies are focused in the introduction of new products, adding new features in existing products or integrating different automated systems to produce high quality results. For instance, Thermo Fisher Scientific presented new product Inspire in February 2018, which is vertical modular robotic platform, designed to integrate multiple instruments such as robotic system, software and microplate that streamlines workflow and speed up the operations.

Reasons to Purchase this Report

  • Current and future of global Lab Automation market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
  • Regions/countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

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Major Point Answered in Lab Automation Market Research Study are: –

  • What will the market growth rate, Overview and Analysis by Type of Lab Automation market in 2026?
  • What are the key factors driving, Analysis by Applications and Countries Lab Automation market?
  • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Manufacturers Profiles of Lab Automation market?
  • Who are Opportunities, Risk and Driving Force of Lab Automation market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
  • Who are the key vendors in Lab Automation market space? Business Overview by Type, Applications, Gross Margin and Market Share
  • What are the Lab Automation market opportunities and threats faced by the vendors in the market?

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