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Lab Automation Market Size & Trends 2020 – expected to reach US$ 6,262.3 Million With CAGR of 4.9% by 2027, owing to Increasing demand for lab automation in the pharmaceutical and biotechnology sector is expected to propel growth

September 20th, 2021 Coherent Market Insights Releases

Global Lab Automation Market

Overview

There are several benefits, such as increased personnel safety, increased productivity, reduced response time, and minimized errors associated with the use of this new technology. These are the benefits of attracting technicians to him. In addition, it is also very useful to manufacture new drugs in a shorter time, which in the past was very expensive and time-consuming.

The global lab automation market is estimated to be worth US$ 4.477 million in 2020, and is projected to attain a market valuation of US$ 6,262.3 million by the end of 2027.

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Drivers

It is expected that starting a new laboratory hearing solution promotes growth of the global lab automation market during the forecast period. February 2020, Copan Diagnostics, Inc. Radiant released a new system for fully automatic sensitivity tests of Kirbybauer.

Opportunities

It is expected that the automation of the research and development laboratory will provide an advantageous growth opportunity for players in the global lab automation market. In August 2020, researchers at the University of Liverpool of the U.K. will inform the development of the Boacistant robot, which can work non-stop for 22 hours a day and collect and charge it receivable.

Restraints

The long implementation time is projected to hamper the growth of the global lab automation market. It takes approximately 612 months to fully implement the laboratory automation system and make it fully operational. Therefore, the time it takes to implement laboratory automation can limit its adoption.

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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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Key Takeaways

In 2019, the global lab automation market was valued at US$ 4.2689 million and is expected to reach US$ 6,262.3 million in 2027, with a CAGR of 4.9 percent between 2020 and 2027. The forecast period includes technological advances and a growing demand from the pharmaceutical and biotechnology industries.

Liquid handling products dominate the global lab automation market in 2019 with a 40.3% value share, followed by micro-plate and robot readers and others.

Market Trends

Furthermore, the introduction of new laboratory automation solutions is also expected to contribute to the growth of the market. In February 2018, Thermo Fisher Scientific launched the Inspire Vertical Modular Robotic Platform, which aims to integrate various instruments such as robotic systems, software, and microplates to simplify workflows and speed up operations.

View Press Release For More Information

Competitive Landscape

Key companies contributing in the global lab automation market are Agilent Technologies, QIAGEN, Abbot Diagnostics, Thermo Fisher Scientific, Danaher Corporation, PerkinElmer Inc., Tecan Group Ltd., Porvair Sciences, UiPath, Siemens Healthineers, Roche Diagnostics, Eppendorf, COPAN Diagnostics, Inc., and Hamilton Company.

Key Developments

July 2020 – UiPath, an enterprise robotic process automation software company, has launched a virtual flow solution that enables customers, prospects, and partners to explore business automation solution demos, participate in demos, and participate in seminars as part of completely remote UiPath, an immersive lab experience.

May 2020 – Hamilton Storage and Titian Software announce Titian’s automated store control application now connects Hamilton Storage’s automated storage systems with Titian’s Mosaic sample management software.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product
      • Market Snippet, By End User
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Regulatory Scenario
    • PEST Analysis
    • COVID-19 Impact Analysis
  4. Global Lab Automation Market, By Product, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Liquid Handling Product
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Microplate Reader
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Robotics and Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
  5. Global Lab Automation Market, By End User, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Research Institutes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Biopharmaceuticals and pharmaceuticals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Lab Automation Market, By Regions, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  7. Competitive Landscape
    • Company Profiles
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

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