Lab Automation Market Insights | Scope, Size, Share and Trending by Forecast 2024 - 2031
Lab Automation Market Insights | Scope, Size, Share and Trending by Forecast 2024 - 2031
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The Lab Automation Market sector is undergoing significant transformation, with substantial growth and technological advancements expected by 2031. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as market size, share, and emerging trends.
This comprehensive report provides key insights into the Lab Automation market, exploring critical market segmentation and definitions. It highlights the essential components driving growth, offering a clear picture of the industry's trajectory. Utilizing SWOT and PESTEL analyses, the report evaluates the market's strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors that impact the market landscape.
The study offers valuable insights into the competitive landscape, highlighting recent developments and geographical distribution across key regions. Expert competitor analysis provides a detailed understanding of market dynamics, offering strategic guidance for businesses and investors.
With robust analysis and future projections, this report serves as a vital resource for stakeholders looking to capitalize on emerging opportunities and navigate challenges in the Lab Automation market.
What is the projected market size & growth rate of the Lab Automation Market?
Market Analysis and Insights
The demand for the lab automation market is increasing due to the advancement of technology all around the world. For the healthcare sector lab automation equipment and tools are used. As healthcare expenditure has become higher due to several factors, the leading pharma & healthcare companies have to automate the labs to deliver advanced healthcare services at the doorstep within less time.
The growing healthcare demand in the market is the main cause of competition between the leading healthcare and pharma companies in the improvement of lab automation worldwide. The rise in the use of equipment, analyzer and software for the lab has been used. The focus for the market players is to provide variability of tools, equipment, machines and techniques to support the development and manufacturing of automated laboratory infrastructure. Market players are coming up with more investments and funding to build advanced technology and methods.
Healthcare expenditure has become higher due to several factors, such as the aging population, chronic disease prevalence, rising drug prices, healthcare service costs and administrative costs among others. Moreover, hospitals, private labs, clinical research and diagnostics centers are rising, increasing the lab automation market demand.
The global lab automation market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.6% in the forecast period of 2022 to 2029 and is expected to reach USD 14,275.41 million by 2029.
| Report Metric | Details |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2019-2014) |
| Quantitative Units | Revenue in USD million |
| Segments Covered | By Product Type (Equipment, Software & Informatics and Analyzer), Automation Type (Modular Automation and Total Lab automation), Application (Drug Discovery, Clinical Diagnostics, Genomics Solutions, Proteomics Solutions, Bio Analysis, Protein Engineering, Lyophilization, System Biology, Analytical Chemistry and Others), End Users (Biotechnology & Pharmaceuticals, Hospitals & Laboratories, Research and Academic Institutions and Others) |
| Countries Covered | U.S., copyright, Mexico, Germany, France, U.K., Italy, Spain, Netherlands, Russia, Belgium, Switzerland, Turkey, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E and Rest of Middle East and Africa |
| Market Players Covered | QIAGEN, Siemens Healthcare, F. Hoffman Roche, Hamilton Company, Hudson Robotics, LabVantage Solutions Inc., Abbott, BD, BIOMERIEUX, Aurora Biomed Inc., Danaher, Tecan Trading AG, PerkinElmer Inc, Thermo Fisher Scientific, Agilent Technologies, Azenta US Inc, Eppendorf SE and Labware among others |
Market Definition
Laboratory automation is the combination of automated technologies in the laboratory to enable new and improved processes. It is used as a strategy to research, develop, optimize and capitalize on technologies in the laboratory. It is specially used for automating laboratory processes requiring minimal human input and eliminating human error. Lab automation is used with the aim of providing more efficient testing and diagnostics.
Lab automation enables researchers and technicians to efficiently and effectively produce output in less time, which is expected to drive the lab automation market. Furthermore, the rapid spread of diseases, along with new discoveries in the field of healthcare, ascend the demand for diagnoses and treatments, which is expected to fuel the lab automation market. High government and private funding for research and discovery research and the presence of major market players also contribute to the market growth.
Browse Detailed TOC, Tables and Figures with Charts which is spread across 350 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
This research report is the result of an extensive primary and secondary research effort into the Lab Automation market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Lab Automation Market.
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Which are the driving factors of the Lab Automation market?
The driving factors of the Lab Automation market include technological advancements that enhance product efficiency and user experience, increasing consumer demand driven by changing lifestyle preferences, and favorable government regulations and policies that support market growth. Additionally, rising investment in research and development and the expanding application scope of Lab Automation across various industries further propel market expansion.
Lab Automation Market - Competitive and Segmentation Analysis:
Global Lab Automation Market, By Product Type (Equipment, Software & Informatics and Analyzer), Automation Type (Modular Automation and Total Lab automation), Application (Drug Discovery, Clinical Diagnostics, Genomics Solutions, Proteomics Solutions, Bio Analysis, Protein Engineering, Lyophilization, System Biology, Analytical Chemistry and Others), End Users (Biotechnology & Pharmaceuticals, Hospitals & Laboratories, Research and Academic Institutions and Others) - Industry Trends and Forecast to 2031.
How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Which are the top companies operating in the Lab Automation market?
Some of the major players operating in the global lab automation market are QIAGEN, Siemens Healthcare, F. Hoffman Roche, Hamilton Company, Hudson Robotics, LabVantage Solutions Inc., Abbott, BD, BIOMERIEUX, Aurora Biomed Inc., Danaher, Tecan Trading AG, PerkinElmer Inc, Thermo Fisher Scientific, Agilent Technologies, Azenta US Inc, Eppendorf SE and Labware among others.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by the 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, data models include a Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs. Regional and Vendor Share Analysis. Please request an analyst call in case of further inquiry.
Short Description About Lab Automation Market:
The Global Lab Automation market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
North America, especially The United States, will still play an important role which can not be ignored. Any changes from United States might affect the development trend of Lab Automation. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.
Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2024-2031.
Lab Automation Market size is projected to reach Multimillion USD by 2031, In comparison to 2024, at unexpected CAGR during 2024-2031.
Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.
This report focuses on the Lab Automation in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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What are your main data sources?
Both Primary and Secondary data sources are being used while compiling the report. Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2031) of the following regions are covered in Chapters
What are the key regions in the global Lab Automation market?
- North America (United States, copyright and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
This Lab Automation Market Research/Analysis Report Contains Answers to your following Questions
- What are the global trends in the Lab Automation market?
- Would the market witness an increase or decline in the demand in the coming years?
- What is the estimated demand for different types of products in Lab Automation?
- What are the upcoming industry applications and trends for Lab Automation market?
- What Are Projections of Global Lab Automation Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
- Where will the strategic developments take the industry in the mid to long-term?
- What are the factors contributing to the final price of Lab Automation?
- What are the raw materials used for Lab Automation manufacturing?
- How big is the opportunity for the Lab Automation market?
- How will the increasing adoption of Lab Automation for mining impact the growth rate of the overall market?
- How much is the global Lab Automation market worth? What was the value of the market In 2020?
- Who are the major players operating in the Lab Automation market? Which companies are the front runners?
- Which are the recent industry trends that can be implemented to generate additional revenue streams?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Lab Automation Industry?
Customization of the Report
Can I modify the scope of the report and customize it to suit my requirements? Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
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Detailed TOC of Global Lab Automation Market Insights and Forecast to 2031
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Market Overview
- Lab Automation Market By Type
- Lab Automation Market By Function
- Lab Automation Market By Material
- Lab Automation Market By End User
- Lab Automation Market By Region
- Lab Automation Market: Company Landscape
- SWOT Analysis
- Company Profiles
- Continued...
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Data Bridge Market Research:
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