Lab Automation Market - Global Industry Analysis Size, Share, Growth, Trends, and Forecasts 2020 - 2030
Lab Automation Market - Global Industry Analysis Size, Share, Growth, Trends, and Forecasts 2020 - 2030
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.
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- Regional Assessment
- Industrial Analogy
- COVID-19 Impact
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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?
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