The global lab automation market was worth US$1.73 billion in 2021. The entire market is anticipated to expand at a CAGR of 9.6% and reach US$ 3 billion by 2027, owing to the growing usage of lab automation across a variety of end use verticals.
The study uncovers numerous facets such as opportunities, drivers and trends that have an influence over the growth of the entire market. Moreover, along with current market scenario and historical market data, this research report has outlined future market projections that reveal the future direction of the global market in terms of growth rate and valuation of the entire market considering all crucial market segments that define the global market. This data has been assessed across key regions in the globe to get a clear market picture in the current timeline as well as in the future.
Global Lab Automation Market: Dynamics
Advancements in lab automation, increasing adoption of lab automation across the globe in several end use industries and applications, rising funding for research and development, availability of compatible solutions for lab automation, rising strategic consolidation among service providers and end users, increasing preference for branded products, increasing technological changes, ease in FDA clearance, increasing academic research activities, favorable government policies, demand for automation in sample handling processes in laboratories, increasing reliance of scientists and researchers on the automation technology, increasing CROs (Contract Research Organizations) and increasing distribution and collaboration agreements to increase service and product reach are supporting the growth of the global lab automation market.
Key Segmentation in the Lab Automation Market Report:
Component Type
- Devices
- Biochemistry Devices
- Molecular Devices
- Hematology Devices
- Immunology Devices
- Microbiology Devices
- Others
Software
- Scheduling Software
- Momentum Integration Software
Application
- Life Sciences Research and Development
- Drug Discovery
- Diagnostics
End User
- Pharmaceutical Companies
- Hospitals and Diagnostic Centers
- Educational Institutions
- Contract Research Organizations (CROs)
- Research Institutes
Key Regions
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- MEA
Competitive Landscape:
Key companies in the lab automation market are Abbott Laboratories, Agilent Technologies, Perkin Elmer, Inc, Thermo Fisher Scientific, Inc, Siemens Healthcare, Danaher Corporation, Becton, Dickinson and Company, and Transcriptic, Inc.
For More Information: https://www.futuremarketinsights.com/reports/lab-automation-market
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