Overview and Scope
Laboratory automation systems refer to the use of instruments to carry out laboratory tasks with a minimum of human involvement. Clinical laboratories operate more efficiently because of laboratory automation, which helps to standardise tests.
Sizing and Forecast
The laboratory automation systems market size has grown strongly in recent years. It will grow from $5.28 billion in 2023 to $5.57 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to increase in medical errors, growth in the number of healthcare facilities, economic growth in emerging markets, a rise in healthcare expenditure and rapid growth in the elderly population..
The laboratory automation systems market size is expected to see strong growth in the next few years. It will grow to $6.86 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to rapid technological advances, rising aging population, increasing prevalence of chronic diseases, covid-19 and increase in lifestyle diseases will drive the growth. . Major trends in the forecast period include emphasizing more on investing in research and development, collaborating with artificial intelligence companies, partnering with other players in the market, coming up with more efficient laboratory automation solutions, incorporating rfid technology, bringing new product launches and approvals and receiving aid from government initiatives..
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The laboratory automation systems market covered in this report is segmented –
1) By Type: Modular Automation, Total Lab Automation
2) By Equipment And Software: Automated Liquid Handling, Microplate Readers, Standalone Robots, Automated Storage, Retrieval
3) By Application: Drug Discovery, Clinical Diagnostics, Genomics Solutions, Proteomics Solutions, Others
4) By End User: Biotechnology And Pharmaceutical Industries, Research Institutes, Hospitals And Private Labs, Academic Institutes
North America was the largest region in the laboratory automation systems market in 2023. Western Europe was the second largest region in the global laboratory automation systems market analysis. The regions covered in the laboratory automation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increased demand for microbiology testing and standardization of sample-collection devices for microbiology culture has driven the adoption of automated laboratory systems for culture-based laboratory testing in clinical microbiology. Culture-based microbiology laboratory testing by manual methods is being replaced by automated methods with the help of total laboratory automation. For instance, popular systems such as Becton Dickinson’s Kiestra TLA, Copan’s WASPLab, and others enable total laboratory automation (TLA) for culture-based microbiology testing. The potential to affect laboratory efficiency, turnaround time, and the overall quality of culture-based microbiology testing, is driving the automated laboratory systems market growth.
Key Industry Players
Major companies operating in the laboratory automation systems market report are Abbott Laboratories, Danaher Corporation, Thermo Fisher Scientific, Agilent Technologies, Inc., Tecan Group Ltd., PerkinElmer, Inc., F. Hoffmann-La Roche AG, QIAGEN N.V., Becton Dickinson and Company, Siemens AG, Brooks Automation, Inc., Hamilton Company, Eppendorf Ag, Biotek Instruments, Inc., Bee Robotics Ltd, Gilson Inc., Labware, Artificial, Intersystems, Biomerieux, Cerner Corporation, LTS Health, Omnia Health, Sysmex, Formulatrix, Beckman Coulter, Festo ZA
The laboratory automation systems market report table of contents includes:
1. Executive Summary
2. Laboratory Automation Systems Characteristics
3. Laboratory Automation Systems Trends And Strategies
4. Laboratory Automation Systems – Macro Economic Scenario
5. Global Laboratory Automation Systems Size and Growth
…..
32. Global Laboratory Automation Systems Competitive Benchmarking
33. Global Laboratory Automation Systems Competitive Dashboard
34. Key Mergers And Acquisitions In The Laboratory Automation Systems
35. Laboratory Automation Systems Future Outlook and Potential Analysis
36. Appendix
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