Published by Coherent Market Insights
Posted on September 20, 2021
4 min readLast updated: February 5, 2026
The lab automation market is set to reach $6.3 billion by 2027, driven by advancements in genomics and personalized medicine. North America is expected to dominate the market.
Global Lab Automation Market Estimated to Surpass the US$ 8.1 Billion Limit by 2025 – Coherent Market Insights
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.
The global lab automation market was valued at US$ 4,268.9 Mn in 2019 and is forecast to reach a value of US$ 6,262.3 Mn by 2027 at a CAGR of 4.9% between 2020 and 2027.
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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.
Key Takeaways of the Lab Automation Market:
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The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
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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.
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The post Lab Automation Market Size worth US$ 6,262.3 Mn with CAGR of 4.9% By 2027 | Coherent Market Insights appeared first on Gatorledger.
The main topic is the growth and trends in the global lab automation market, projected to reach $6.3 billion by 2027.
The market is driven by advancements in genomics, personalized medicine, and significant investments in drug discovery.
North America is expected to dominate the market due to its robust research infrastructure and high investments.
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