The latest report by IMARC Group, titled “Laboratory Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the laboratory automation market outlook. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global laboratory automation market size reached USD 6.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 11.6 Billion by 2032, exhibiting a growth rate (CAGR) of 6.4% during 2024-2032.
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Laboratory Automation Market Trends:
The global market is primarily driven by the increasing need for high-throughput screening in pharmaceutical and biotechnology research. Moreover, the growing focus on minimizing human errors and reducing operational costs in clinical and diagnostic labs plays a significant role. The rising prevalence of chronic diseases requires faster diagnostic processes, which laboratory automation supports. Furthermore, advancements in robotics and artificial intelligence are accelerating the integration of automation systems.
Additionally, the adoption of automation in academic and research institutions is expanding its application. The demand for efficient data management solutions in genomics and proteomics also drives market growth. Besides, the increasing regulatory requirements for accurate and standardized laboratory results are pushing labs toward automated systems. Furthermore, the COVID-19 pandemic has underscored the importance of automated solutions to handle increased workloads in testing and diagnostics.
Laboratory Automation Market Scope and Growth Analysis:
The market scope is broadening due to technological advancements and the rising demand for efficient laboratory management systems. Moreover, the integration of cloud computing and big data analytics, allowing for better data sharing and storage, is supporting the market. Moreover, the market analysis shows that automation is reducing turnaround times and enhancing reproducibility, which is crucial for the pharmaceutical and healthcare sectors.
Additionally, the expansion of laboratory automation in emerging markets is creating new growth opportunities. As automation systems become more affordable and accessible, their adoption in smaller labs is expected to rise, further contributing to market expansion. Besides, the continuous innovation in robotics and artificial intelligence is driving the development of more sophisticated systems, increasing the market’s potential across various sectors.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Danaher
- PerkinElmer
- Tecan Group
- Thermo Fisher
- Abbott Diagnostics
- Agilent Technologies
- Aurora Biomed
- Becton, Dickinson and Company
- Biomatrix
- Biotech Instruments
- Brooks Automation
- Cerner
- Eppendorf
- Hamilton Storage Technologies
- LabVantage Solutions
- Labware
- Olympus
- Qiagen
- Roche Holding
- Siemens Healthcare
Laboratory Automation Market Segmentation:
Our report has categorized the market based on region, type, equipment and software type, and end-user.
Breakup by Type:
- Modular Automation
- Whole Lab Automation
Breakup by Equipment and Software Type:
- Automated Clinical Laboratory Systems
- Workstations
- LIMS (Laboratory Information Management Systems)
- Sample Transport Systems
- Specimen Handling Systems
- Storage Retrieval Systems
- Automated Drug Discovery Laboratory Systems
- Plate Readers
- Automated Liquid Handling Systems
- LIMS (Laboratory Information Management Systems)
- Robotic Systems
- Storage Retrieval Systems
- Dissolution Testing Systems
Breakup by End-User:
- Biotechnology and Pharmaceutical Companies
- Hospitals and Diagnostic Laboratories
- Research and Academic Institutes
Breakup by Region:
- North America (USA, Canada)
- Europe (Germany, France, UK, Italy, Spain, Russia, others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
- Middle East/Africa
- Latin America (Brazil, Mexico, others)
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About US:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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