Lab Automation Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Lab Automation Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Lab Automation Market, with forecasts outspreading to the year 2030.
Anticipated Growth Rate for Lab Automation Market:
Lab Automation Market size was valued at US$ 6.04 Bn. in 2023 and the total revenue is expected to grow at 8.1% through 2024 to 2030, reaching nearly US$ 10.42 Bn.
Lab Automation Market Scope and Methodology:
Descriptive analysis and SWOT analysis were used as research methodologies in this work. Conducting a comprehensive analysis of the market Lab Automation Market is the main objective of the research. Numerous techniques, including surveys and questionnaires, are used in research. Following that, methods from mathematics, statistics, and numbers are used to evaluate the data. Both qualitative and quantitative approaches have the ability to change the market's current state.
When evaluating market potential, other aspects that are considered include direct buyer interactions, R&D projects, innovative R&D tactics, market consolidation and acquisitions, and new industrial processes. In order to perform a SWOT analysis, this study takes into account organizational structure, market trends, portfolio analysis, in-depth analysis, microeconomic variables, and the tactics of industry leaders.
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Lab Automation Market Regional Insights:
The Middle East, Africa, South Africa, Europe, and the Americas.
It is essential to comprehend the intricate dynamics of the global Lab Automation Market business within the context of regional research. This book lays the groundwork for international trading in goods. The size and growth rate of the Lab Automation Market are thoroughly covered in this study. Modern business trends are a topic of conversation in numerous nations and locations. Asia-Pacific, Europe, the Americas, the Middle East, and South Africa.
Lab Automation Market Segmentation:
by Product
Equipment’s
Automated Workstations
Robotic Systems
Microplate readers
Others
Software & Informatics
Workstations automation software
Laboratory Information Management System (LIMS)
Scientific Data management system
Electronic Laboratory notebook
by Type
Total Automation Systems
Modular Automation Systems
The two segments of the global lab automation market are modular automation systems and total automation systems. With a 48.3% market share in 2023, the Total Automation Systems category had the most share. due to the many benefits that these systems offer. Advances in this persuasion in various life science procedures have been identified as one of the primary driving factors predicted to propel the segment's expansion during the projected period. There are two types of automation systems available on the market: total automation systems and modular automation systems. Complete automation systems are further divided into steps for additional processing. Nowadays, a lot of drug discovery labs are using lab automation systems, such benchtop automation systems, mainly because they need to make repetitive tasks or technically challenging processes easier.
by Application
Clinical Chemistry Analysis
Photometry & Fluorometry
Immunoassay Analysis
Electrolyte Analysis
Other
The categories of Clinical Chemistry Analysis, Photometry & Fluorometry, Immunoassay Analysis, and Electrolyte Analysis comprise the global market for lab automation. With a market share of 27.4.6% in 2021, the Clinical Chemistry Analysis category held the highest share. This high percentage can be attributed to advancements in technology, a rise in automated systems offered by industry participants, and an increase in automated system usage due to the advantages of these systems—risk of contamination is decreased, human error is eliminated, and so on.
Automation of immunoassays has seen significant technological advancements. The automated and hands-free processing of different small batches of immunoassays in research labs provides the possible end-user with numerous possibilities for immunoassay analysis.
by End-User
Biotechnology & Pharmaceutical
Research Institutes
Hospitals & Private Labs
Forensic Laboratories
Others
The retail, healthcare, and pharmaceutical, manufacturing, transportation and logistics, energy and utilities, government, and others segments make up the worldwide lab automation market, which is further divided based on vertical. As of 2023, the Manufacturing category accounted for 36.6% of the total market share. The increasing number of manufacturing facilities in developing nations like Mexico and India has increased the amount of inventory and raw materials that are outsourced to these industries. For instance, the 'Make in India' program of the Indian government may increase domestic production since it heavily emphasizes the development of the domestic manufacturing sector. These initiatives contribute positively to the growth of the industrial sector over the anticipated period.
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Lab Automation Market Key Players:
1. Tecan Group Ltd
2. Thermo Fisher Scientific Inc
3. Danaher Corporation
4. Hamilton
5. F. Hoffmann-La Roche Ltd.
6. Qiagen N.V.
7. Abbott Laboratories
8. Siemens AG
9. PerkinElmer Inc.
10. Agilent Technologies, Inc.
11. bioMerieux
12. Eppendorf
13. Bruker
14. Avantor
15. Smiths Group
16. Corning
17. Agilent
18. Roche
19. Bio-Rad
20. Gilson
21. Eppendorf
22. Beckman Coulter Life Sciences
23. PerkinElmer
24. Analytik Jena
25. VWR International
26. Shimadzu
27. SCIEX
28. HORIBA
29. Heska Corporation
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Key questions answered in the Lab Automation Market are:
Which is the fastest growing region in the Lab Automation Market?
What is the growth rate of the Lab Automation Market?
What are the upcoming opportunities and trends for the Lab Automation Market?
What segments are covered in the Lab Automation Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Lab Automation Market?
Which are the factors expected to drive the Lab Automation Market growth?
What is the CAGR at which the Lab Automation Market will grow during the forecast period?
What are the different segments of the Lab Automation Market?
What is Lab Automation Market?
What growth strategies are the players considering to increase their presence in Lab Automation Market?
Who are the leading companies and what are their portfolios in Lab Automation Market?
Who are the key players in the Lab Automation Market?
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Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by different segment
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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