Global Lab Automation Market is expected to rise from its initial estimated value of USD 5.3 billion in 2018 to an estimated value of USD 8.4 billion by 2026 registering a CAGR of 5.8%. The upcoming market report contains data for historic year 2017, 2016, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
To generate Lab Automation global market research report, the data is collected from the diverse corners of the globe by an experienced team of language resources. It becomes easy to create sustainable and profitable business strategies by using valuable and actionable market insights included in this Lab Automation report. Statistical and numerical data covered in the report is represented using graphs and tables which simplify the understanding of facts and figures. The report contains information and data in the form of charts, tables and graphs which is easily understandable to the users.
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Major Market Competitors:
Some of the major players operating in lab automation market are Tecan Group Ltd., Perkinelmer, Inc., Danaher Corporation, Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Qiagen N.V., Roche Holding AG, Siemens AG, Hamilton Robotics, Inc., Biomérieux SA among others.
Drivers: Asia-Pacific Lab Automation Market
- Increase in R&D expenditure by pharmaceutical and biopharmaceutical companies
- Increasing geriatric population
- High cost of laboratory equipment & software
- Technological advancements in lab automation
- Strategic initiatives by market players
- Shortage of skilled labour
Major Market Drivers and Restraints:
Increased adoption of miniaturization process resulting in low reagent cost and high productivity
Increased government funding for the development of biotech and drug discovery research
Increasing drug discovery and clinical diagnostics
High initial investments
Compatibility and portability issues resulting in reduced adoption of lab automation in small laboratories
Major Topics Covered in this Report:
Market Size by Manufacturers
Market Size by Type
Market Size by Application
Upstream, Industry Chain and Downstream Customers Analysis
Opportunities & Challenges, Threat and Affecting Factors
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Market Segmentation: Lab Automation Market
(Automated Liquid Handlers, Automated Plate Handlers, Robotic Arm, Automated Storage & Retrieval Systems),
(Laboratory Information Management System, Laboratory Information System, Chromatography Data System, Electronic Lab Notebook, Scientific Data Management System),
(Biochemistry Analyzers, Immuno-based Analyzers, Hematology Analyzers),
(Drug Discovery, Genomics, Proteomics, Protein engineering, Bio Analysis, Analytical Chemistry, System Biology, Clinical Diagnostics, Lyophilization),
(Biotechnology & Pharmaceuticals, Hospitals, Research Institutions, Academics, Private Labs),
(North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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The lab automation market is highly fragmented and is based on new product launches. Hence the major players have used various strategies such as new product launches, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of lab automation market for global, Europe, North America, Asia Pacific and South America.
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