ACCORDING TO THE REPORT, THE CLINICAL DIAGNOSIS AUTOMATION MARKET WAS VALUED AT USD 3.12 BILLION IN 2014 AND IS EXPECTED TO GENERATE REVENUE OF USD 5.71 BILLION BY END OF 2020, GROWING AT A CAGR OF 7.2% BETWEEN 2015 AND 2020.
Zion Research has published a new report titled “Clinical Diagnosis Automation Market (Modular and Total Lab) Market for Clinical Diagnostics, Drug Discovery, Proteomics Solutions and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020”
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Currently, the clinical diagnostics field is exploring a novel level of automating processes. Analytical phase with its manual analytical or clinical processes along with the lab environment is undergoing automation. Automation helps to increase the efficiency and production. All phases involved in the processes from sample blood collection to sample processing are being automated. Numbers of manual analytical or clinical processes have been effectively automated, giving forth a range of clinical analyzers. These analyzers, owing to their repeatability, speed, and traceability, offer clinical personnel faster, precise and reliable patient results.
Rising number of diagnosis and growing number of suppliers in the diagnostic market are some of the major drivers of the clinical diagnosis automation market. Market participants are emphasizing on cutting down the overall cost and focusing on technological advancements in order to increase efficiency and productivity of the laboratories.
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Based on equipment and software, this clinical diagnosis automation market is classified as automated liquid handling, microplate readers, standalone robots, retrieval systems, automated storage, software and informatics, and others. Out of all segments, automated liquid handling accounted for the majority share of overall automation market in 2014. Different clinical diagnosis automation types are total lab automation and modular automation. All testing phases are collected in total laboratory automation through which all modules are physically linked by some kind of track system. Total lab automation is convenient for large hospitals however it leads to increase in the overall cost of automation hence have low market penetration. The modular automation occupied considerable share of the market as it needs less space and cost effective.
North America emerged as leading regional market for clinical diagnosis automation which was mainly contributed due to U.S. Aging population and high diagnosis rate in this region is fuelling the market growth in this region. Growing health care awareness and rising corporate and academic research investment is further pushing the market growth in Asia Pacific region.
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Several industry participants in the clinical diagnostics market are seeking to maintain their position in the market owing to intense competition. Some of the renowned participants in this market are Beckman Coulter Inc, Bio-Rad Laboratories Inc, Eppendor, Caliper Life Sciences, Abott Diagnostics, Siemens Healthcare, Roche Diagnostics and others.
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