Global Lab Automation Market By Equipment (Automated Liquid Handlers, Automated Plate Handlers, Robotic Arm, Automated Storage & Retrieval Systems), Software (Laboratory Information Management System, Laboratory Information System, Chromatography Data System, Electronic Lab Notebook, Scientific Data Management System), Analyzer (Biochemistry Analyzers, Immuno-based Analyzers, Hematology Analyzers), Application (Drug Discovery, Genomics, Proteomics, Protein engineering, Bio Analysis, Analytical Chemistry, System Biology, Clinical Diagnostics, Lyophilization), End-User (Biotechnology & Pharmaceuticals, Hospitals, Research Institutions, Academics, Private Labs), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026

Market Analysis: Global Lab Automation Market

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.

Market Definition: Global Lab Automation Market

Lab automation is the process in which specimen processing equipment is used in order to perform clinical research. Lab automation process is carried out to develop new technology, increase productivity and reduce the time cycles.

Market Drivers

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

Market Restraint

High initial investments

Compatibility and portability issues resulting in reduced adoption of lab automation in small laboratories

Segmentation: Global Lab Automation Market

By Equipment

Liquid handlers

Automated plate handlers

Robotic arm

Automated storage

Retrieval systems

By Software

Management system

Laboratory information system

Chromatography data system

Electronic lab notebook

Scientific data management system

By Analyzer

Biochemistry analyzers

Immuno-based analyzers

Hematology analyzers segments

By Application

Drug discovery High-Throughput Screening (HTS) Adme Screening Compound Weighing and Dissolution Compound Management Others

Genomics

Proteomics

Protein engineering

Bio analysis

Analytical chemistry

System biology

Clinical diagnostics Sample Preparation Splitting Archiving EIA

Lyophilization

By End User

Biotechnology & pharmaceuticals

Hospitals

Research institutions

Academics

Private labs.

By Geography

North America US. Canada Mexico

South America Brazil Argentina Rest of South America

Europe Germany France United Kingdom Italy Spain Russia Turkey Belgium Netherlands Switzerland Rest of Europe

Asia-Pacific Japan China South Korea India Australia Singapore Malaysia Indonesia Thailand Philippines Rest of Asia-Pacific

Middle East and Africa South Africa Egypt Saudi Arabia United Arab Emirates Israel Rest of Middle East and Africa



Key Developments in the Market:

In May, 2019, the Labstep announced that they are bringing Internet of Things to lab researchers. This will help to record the data automatically which can be used for further analysis

In May 2019, Beckman Coulter a global leader in clinical diagnostics has achieved European CE Mark and China Food and Drug Administration approval for the DxA 5000 total laboratory automation solution. The DxA 5000 will help to significantly improve laboratory efficiency.

Competitive Analysis: Global Lab Automation Market

The global lab automation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, 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, South America and Middle East & Africa.

Key Market Competitors: Global Lab Automation Market

Some of the major players of the global lab automation market are Beckman Coulter, Inc., Tecan Trading AG., Perkinelmer, Inc., Danaher, Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Qiagen, F. Hoffmann-La Roche Ltd, Siemens AG, Hamilton Company., Abbott, Aurora Biomed Inc,, BD, BioTek Instruments, Inc,, Brooks Automation, Inc., Cerner Corporation, Biomérieux SA, Eppendorf AG, LabVantage Solutions, Inc, LabWare, among others

Research Methodology: Global Lab Automation Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry. The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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

Customization of the Report:

All segmentation provided above in this report is represented at country level

All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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