Lab Automation Market Key Growth Factors & Challenges, Segmentation & Regional Outlook

Lab Automation Market Overview

Maximize Market Research has unveiled a highly informative report on the Lab Automation Market. The research adopts a comprehensive and basic approach to analysing the market, taking into account subjective factors that can offer readers vital business perspectives. The report’s market overview lets stakeholders explore the value chain structure, geographical analysis, applications, market size, and forecast. 

In the fast-evolving landscape of laboratory practices, automation has emerged as a game-changer. The Lab Automation Market, valued at an impressive US$ 5.59 Bn. in 2022, is poised for a robust 8.1% growth from 2023 to 2029, projecting a staggering value of nearly US$ 9.65 Bn.

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Lab Automation Market Report Scope and Research Methodology

The report primarily focuses on identifying major companies’ key drivers and restraints, alongside a comprehensive evaluation of current competitive benchmarking and development prospects. The report offers a detailed analysis of the Lab Automation market trends, future insights, and recent market changes, encompassing demand chain, supply chain, and sales aspects. The report also includes vital information such as Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, Gross Margin & Sales by Product in the Lab Automation market research. 

Lab Automation Market Regional Insights

In-depth assessment of the growth trend is done in the global Lab Automation market report according to regions. The report strategically segments the major regions, such as North America, Asia Pacific, Europe, South America, and the Middle East and Africa, all of which play a pivotal role in shaping the Lab Automation market at a global level.

Navigating Through the Pandemic: COVID-19 Impact

The COVID-19 pandemic created an unprecedented challenge for diagnostic labs worldwide. Automation emerged as a lifeline, enabling labs to scale up services, enhance testing capacities, and ensure the safety of their staff. Forward-thinking labs utilizing automated systems swiftly adapted to new norms, and are now in an advantageous position to further expand their capabilities.

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Lab Automation Market Segmentation

Total Automation Systems vs. Modular Automation Systems: Total Automation Systems hold the lion’s share at 48.3% in 2022. The advancements in this realm, especially in life sciences, are driving the growth.

Applications Galore: Clinical Chemistry Analysis dominates with a 27.4% market share in 2021. Technological strides and the associated benefits like reduced contamination risks and elimination of human errors contribute to this dominance.

Verticals Steering Growth: Manufacturing takes the lead with a 36.6% market share in 2021. Emerging economies like India and Mexico, with their growing number of manufacturing units, are fueling this surge.

by Product

Automated Workstations
Robotic Systems
Microplate readers
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

by End-User

Biotechnology & Pharmaceutical
Research Institutes
Hospitals & Private Labs
Forensic Laboratories

Lab Automation Market Key Players

1. Tecan Group Ltd
2. Thermo Fisher Scientific Inc
3. Danaher Corporation
4. Hamilton
5. F. Hoffmann-La Roche Ltd.
6. Qiagen N.V.
7. Abbott Laboratories
8. Siemens AG
9. PerkinElmer Inc.
10. Agilent Technologies, Inc.
11. bioMerieux
12. Eppendorf
13. Bruker
14. Avantor
15. Smiths Group
16. Corning
17. Agilent
18. Roche
19. Bio-Rad
20. Gilson
21. Eppendorf
22. Beckman Coulter Life Sciences
23. PerkinElmer
24. Analytik Jena
25. VWR International
26. Shimadzu
29. Heska Corporation

Key questions answered in Lab Automation Market are:

  • What is the current growth rate of the Lab Automation Market?  
  • Who are the key players in the Lab Automation Market?
  • What are the factors affecting growth in the Lab Automation Market? 
  • What are the global trends in the Lab Automation Market?
  • What is the expected demand for different types of products in the Lab Automation Market during the forecast period?

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Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis 
  • Recommendations 

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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