DreamPirates DreamPirates

Lab Automation Market to Reach USD 5.5 billion by 2025 - Growing Demand for Clinical Diagnostic Procedures

Author : BloggerDJ
Publish Date : 2021-02-12 09:30:32
Lab Automation Market to Reach USD 5.5 billion by 2025 - Growing Demand for Clinical Diagnostic Procedures

This report aims to provide detailed insights into the global lab automation market. It provides valuable information on the type, procedure, application, and region in the market. Furthermore, the information for these segments, by region, is also presented in this report. Leading players in the market are profiled to study their product offerings and understand the strategies undertaken by them to be competitive in this market.

Key Factors Driving Market Growth:

The Increasing spending on pharmaceutical R&D, growing food safety concerns, standardization of workflows, stringent regulatory control in the healthcare industry are fueling the growth of the market. Moreover, high demand in the emerging nation and the growth of the pharmaceutical and biotechnology industries are some of the other major factors driving the growth of this market.

Expected Revenue Growth:

The lab automation market size will grow to USD 5.5 billion by 2025 from USD 4.3 billion in 2020, at a CAGR of 5.2% during the forecast period.

Browse in-depth TOC on "Lab Automation Market"

226 – Tables
35 – Figures
212 – Pages

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1158

The Automated Workstations segment is expected to dominate the lab automation market, by product type, during the forecast period.

Automated workstations are compact & standalone, capable of conducting a particular task unattended. Owing to the easy integration with both existing and upcoming systems are favorable options for customers looking to introduce automation in their labs. The Automated workstations is further segmented to automated liquid handling systems, microplate reader, automated Elisa system, automated nucleic acid purification systems. The automated liquid handling system are growing at the highest CAGR. Owing to an increase in the number of tests carried out in pharmaceutical labs for screening compounds, optimizing leads, determining drug properties with absorption, distribution, metabolism, and excretion (ADME), and toxicity has favored the argument for automation.

The drug discovery is expected to be the fastest-growing lab automation market, by application, during the forecast period.

The drug discovery, by application, laboratory automation market is estimated to grow at the fastest rate during the forecast period. This is mainly because of the increasing industry-academia collaboration for the development and use of fully automated, ultrahigh-throughput systems. Moreover, investments in automation permit the safer generation of data with improved accuracy, precision, reproducibility, and traceability, allowing drug discovery scientists to utilize higher–quality data in the hypothesis–driven research required to discover new medicines. Thus, growing the market of drug discovery segment.

Request Sample Report:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=1158

North America likely to emerge as the largest lab automation market

In this report, the laboratory automation market has been analyzed for four regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Growth in the North American market is also supported by the demand for the integration of laboratory systems, rising government funding for research, growth in biobanks, need for early drug discovery, and stringent regulatory requirements. Thus, North America dominated the market during the forecasted period.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the market.

Some of the key players are Thermo Fisher Scientific, Inc. (US), PerkinElmer Inc,(US) Agilent Technologies (US), Danaher Corporation (US), F. Hoffmann-La Roche Ltd. (Switzerland), Danaher Corporation (US), and Tecan Group Ltd. (Switzerland).The leading players are adopting various strategies to increase their share in the lab automation market.



Category : business

Digital Agency Portland Will Manage Your Advertising

Digital Agency Portland Will Manage Your Advertising

- We know the internet marketing landscape so properly we will navigate it underneath moon mild and still manage to seek out you secure passage for your business


Boost Up Your Career Opportunities With Microsoft MB-220 Certification

Boost Up Your Career Opportunities With Microsoft MB-220 Certification

- Prior regulation courses or undergrad diploma focuses usually are not critical for method enrollment; any person through the use of a Bachelors


Best National Sales Manager Job Description Template

Best National Sales Manager Job Description Template

- National sales supervisors ensure that the sales goals of a specific business are fulfilled, not only in one area, but across all of its areas.


Be Effective In Your Adobe AD0-E706 Exam Preparation

Be Effective In Your Adobe AD0-E706 Exam Preparation

- Normally when mom and dad are getting for Scottsdale residences, they fork out shut awareness toward the college districts inside the area.