The lab automation market offers innovative technological solutions for enhancing productivity, reducing operational costs, and improving efficiency in laboratories. Lab automation solutions automate repetitive, time-consuming procedural tasks to provide reliable and consistent test results. They help conserve human resources for more critical tasks by performing tasks that are simpler, hazardous or require high precision. The robots used in lab automation can conduct tests and analyses 24 hours a day without human intervention. This allows higher sample throughput and round-the-clock utilization of analytical instruments.

The global lab automation market is estimated to be valued at US$ 5660.68 Mn in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the lab automation market are Thermo Fisher Scientific, Beckman Coulter, Tecan Group, PerkinElmer, Agilent Technologies, Roche, Qiagen and Eppendorf.

The growing demand forminiaturized portable diagnostic technologies and point-of-care testing presents significant growth opportunities in the lab automation market. This has increased the demand for lab automation solutions optimized for use in small laboratories and healthcare facilities.

Lab automation solutions help enhance productivity, reduce operational costs and improve quality by enabling labs to meet global quality standards and compliance regulations. This is fueling the adoption of lab automation especially in diagnostics, biotechnology and pharmaceutical industries globally.

Market drivers

The growing volume of tests performed in clinical diagnostics and drug discovery is putting pressure on laboratories to improve productivity without compromising quality or accuracy. This is driving the Lab Automation Market Demand. The need to minimize errors and reduce turnaround time has prompted many labs to automate repetitive tasks like sample sorting, distribution and retrieval. The increasing complexity of tests and multi-stage workflows also necessitate lab automation for seamless exchange of samples between different analytical instruments.

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