28-Sep-2021 | Zion Market Research
As per the report of Zion Market Research, Lab Automation industry accumulated proceeds about US$ 4.5 billion in 2020 and is slated to accrue earnings worth approximately US$ 10.1 billion by 2028. The Lab Automation market is projected to register highest gains of approximately 5.3% in 2021-2028. In addition to this, surge in spending on research & development activities by pharma firms and healthcare firms will drive demand for lab automation activities in foreseeable future. Moreover, lab automation makes use of technology for substituting as well as streamlining manual handling of different kinds of equipment and processes. Furthermore, lab automation activities depend on lab workflow and are massively utilized in academic as well as research institutes and CROs. With COVID-19 pandemic outbreak, lab automation is garnering huge popularity in clinical testing labs, thereby driving market trends. Need for process miniaturization, drug discovery, clinical diagnostics, process accuracy, and need for reducing labor costs as well as requirement for ensuring safety of workers will steer expansion of lab automation industry in years to come.
Furthermore, growing demand for lab automation in clinics, hospitals, and research centers as well as drug manufacturing firms in countries such as the U.S. and European countries will prompt growth of lab automation market in near future. Reportedly, hospital labs are using RFID systems for lab automation owing to its enhanced output and quality. Moreover, it is able to reduce errors, technology costs of lab automation, increase speed of sample delivery, and minimize human intervention.
Need For Improving Drug Production & Enhancing Operational Efficiency To Drive Market Size
Growth of lab automation market over forecast timeframe is due to escalating need for increasing medicine output in terms of volume and quality along with need for improve efficiency of lab operations. In addition to this, technological breakthroughs have resulted in launching of new lab automation devices as well as product innovations and addition of new embedded features in existing lab automation equipment. This has resulted in massive adoption of lab automation systems in clinical labs and hospitals. All these aforementioned aspects will assist lab automation market explore new growth dimension in coming decade. Furthermore, need for improvising lab efficacy, turnaround time, and quality of microbe culture-driven testing will spur growth of lab automation industry over years ahead.
North America To Secure Leading Position In Global Market By 2028
Regional market growth during assessment period can be credited to presence of mammoth players and vendors in countries such as Canada and the U.S. Additionally, rise in demand for microbiology testing & standardizing sample collection equipment for culturing microbes has resulted in massive demand for automated lab tools for these microbe culture-based lab testing in clinics across countries such as the U.S, thereby driving regional market trends.
Key players favorably leveraging industry scenario and profiled in report include Qiagen N.V., BMG LABTECH GMBH, Eppendorf AG, Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Danaher Corporation, Aurora Biomed Inc., Bio Tek Instruments, Inc., F. Hoffmann-La Roche, Hamilton Company, Tecan Group Ltd., Siemens Healthineers, Hudson Robotics, and PerkinElmer Inc.
Browse the full “Lab Automation Market - By Product (Robotic Arm, Microplate Readers, Workstation, ELN, And LIMS), By Application (Drug Discovery, Diagnostics, Genomics, Proteomics, And Microbiology), By End-User (Diagnolab, Forensics, Pharmaceutical, And Environmental), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/lab-automation-market
The report segments global Lab Automation Market is segmented as follows:
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