Lab Automation Market - Global Industry Analysis Size, Share, Growth, Trends, and Forecasts 2020 - 2030

  • Single User License $3500

Lab Automation Market - Global Industry Analysis Size, Share, Growth, Trends, and Forecasts 2020 - 2030

Status : December, 2022 | Biotechnology

Report Digest

Global Lab Automation Market – Overview

The concept of laboratory automation is gaining decent traction as the organizations engaged in this field are growing interest toward capitalizing and optimizing diverse technologies in their laboratories. The notion of laboratory automation system covers various aspects of laboratories including automated lab instruments, software, and devices that provide advantages including advanced productivity, cycle time reduction, data quality improvement, and workflow coverage enhancement. The companies engaged in the lab automation industry focus on offering the laboratory automation or robotic products as per the requirement of researchers or the laboratories. Thus, lab automation is considered one of the essential parts across laboratories in order to achieve management of large number of samples at rapid pace.

Global Lab Automation Market – Notable Developments

  • In May 2017, Qiagen formed a joint venture with Maccura Biotechnology Co., Ltd., an in-vitro diagnostics company based in Japan. The joint venture was known as MAQGEN that aims at accelerating local adaptions, commercialization, and development of GeneReader NGS System in growing clinical research and clinical markets based in China.
  • In January 2019, Roche launched the cobas pro integrated solutions in all countries accepting CE mark. The product has reset standards for maintenance, efficiency, and reliability by increasing patient satisfaction and lowering the cost of healthcare delivery.

Global Lab Automation Market – Drivers and Restraints

Lab automation utilizes technology to substitute or smooth out the manual control of processes and gear. Contingent upon the workflow of a lab the level of automation is decided. The lengthy utilization of automated instruments is frequently seen at scholastic and exploration establishments to improve their productivity and reduction the time spent on different dreary undertakings. Moreover, the utilization of automated instruments by drug revelation units of pharmaceutical companies is additionally expected to robotize its examination stages widely, moving market development. The ascent in advantages offered by lab automation is one of the main considerations expected to support market development sooner rather than later.

Some significant advantages incorporate expanded productivity, solid outcomes, safe working conditions, and massive reserve funds on schedule, space, and cost of tests. Lab automation works with the use of laboratory hardware for dreary assignments, for example, labeling tubes and test verifications, and furthermore helps in decreasing and limiting the actual strain that is brought about by manual errands lessening costs caused and saving lab space.

Global Lab Automation Market – Geographical Outlook

Based on the regional segmentation, the global Lab automation market can be segmented into five key regions. These key regions are North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Of these, currently, the global market is being led by the regional segment of North America. The growth of the regional segment can be attributed to the presence of a highly developed and matured healthcare infrastructure. In addition to this, presence of key players operating in the region has also helped the overall development of global Lab automation market in North America.

On the other hand, the regional segment of Asia Pacific is expected to witness promising growth opportunities in the coming years of the forecast period ranging from 2018 to 2028. The growth of the region can be attributed to the increasing investments directed towards the development of the healthcare technology segment. In addition to this, more activities and funding for research and development activities are also likely to help the development of Lab automation market in the Asia Pacific region. 

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?