Laboratory Automation Market Research Report: Global Market Review & Outlook (2019-2024) –IMARCGroup
by Rahul Rastogi Market Research AnalystThe global laboratory automation market has experienced a
moderate growth over the past several years. This can be attributed to the
numerous government initiatives coupled with advancements in automated systems.
The latest report by IMARC Group, entitled “Laboratory Automation Market: Global Industry
Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, finds
that the global laboratory
automation market share reached a value of US$ 4.55 Billion in 2018. Laboratory
automation refers to the utilization of automated systems so as to increase the
efficiency and effectiveness of scientific research in laboratories. These
systems are generally an integration of robotics, computer hardware and
software, conveyor systems, machine vision, etc. that aid in achieving
standardized and real-time analysis as well as improving performance by
eliminating human errors. Nowadays, the most advanced lab automation systems
include immunoassay, hematology, hemostasis and chemistry testing along with
pre- and post-analytical processing. On account of rising competition and
demand for higher efficacy in both research and clinical labs, the demand for
laboratory automation systems has increased in the recent years.
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Global Laboratory Automation Market Trends:
Automated laboratory software has improved the productivity
of testing solutions, enabling the lab teams to view history and track sample
details anywhere at any time. Apart from this, several manufacturers have
designed automated systems and software to improve workflow with decreased
costs per test, reduced turnaround time, fewer errors and increased testing
capacity. Moreover, the development of bench-top and standalone automated
systems has facilitated the introduction of automation in smaller labs.
Further, the governments of various countries are taking initiatives to enhance
their laboratory research, in turn, creating a huge demand for laboratory
automation. For instance, Genomics Research and Development Initiative (GRDI)
by the government of Canada utilizes automated laboratory systems to increase
test speed and minimize cost inputs. Owing to these factors, the global
laboratory automation system market is
projected to reach a value of US$ 6.20 Billion by 2024, exhibiting a CAGR of
around 5.4% during 2019-2024.
Global Laboratory Automation Market Summary:
·
On the basis of type, the market has been
segmented into modular automation and whole lab automation. Currently, modular
automation is the most popular segment in the global laboratory automation
market.
·
Based on equipment and software type, the market
has been segregated into automated clinical and drug discovery laboratory
systems. Amongst these, automated clinical laboratory systems dominate the
market, accounting for the largest market share of laboratory automation.
·
On the basis of end-user, biotechnology and
pharmaceutical companies represent the biggest end-user segment in the global
laboratory automation market. These companies are followed by hospitals and
diagnostic laboratories, and research and academic institutes.
·
Region-wise, North America is the leading
market, holding the majority of the global share. This can be accredited to the
rising number of research laboratories in the region which require an efficient
and cost-effective solution for sample analysis. Other major regions include
Asia Pacific, Europe, Latin America, and Middle East and Africa.
·
The global laboratory automation market has also
been examined with some of the major players being Danaher, PerkinElmer, Tecan
Group, Thermo Fisher, Abbott Diagnostics, Agilent Technologies, Aurora Biomed,
Becton, Dickinson and Company, BioMérieux, Biotek Instruments, Brooks
Automation, Cerner, Eppendorf, Hamilton Storage Technologies, Lab Vantage
Solutions, Labware, Olympus, Qiagen, Roche Holding and Siemens Healthcare.
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Created on May 17th 2019 04:14. Viewed 527 times.