Laboratory Automation Systems Market Trends, Regulations and Competitive Landscape Outlook to 2028
The global laboratory automation systems market is expected to reach a market size of USD 6.39 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Laboratory automation systems are playing a key role in optimizing and maximizing the accuracy of laboratory test results and reducing human errors, while simultaneously ensuring that tests are conducted fast and efficiently. These systems also enable laboratories to deliver more accurate reports and generates data faster which ensures actionable data is available on short notice and for proper review.
A key factor driving increasing demand
for laboratory automation systems is that adoption helps laboratories to reduce
manual efforts and work, as automation solutions can finish many testing processes
that would otherwise require a considerable amount of manual effort and time.
Moreover, automation systems optimize and improve productivity ratio of labs
and significantly decrease costs that may arise due to wastage.
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The competitive landscape of the report has
been formulated by considering all the vital parameters such as company
profiling, market share, recent developments and advancements, gross margins,
product portfolio, revenue generation, financial standing, market position, and
expansion plans. The report also discusses in detail the recent mergers and
acquisitions, joint ventures, collaborations, product launches and brand
promotions, agreements, corporate and government deals, and partnerships, among
others. The report also sheds light on the recent technological developments
and product advancements in the Laboratory Automation Systems market.
Some players analyzed in the report are:
Tecan Group.,
PerkinElmer, Thermo Fisher Scientific, Agilent Technologies, Danaher
Corporation, F. Hoffmann-La Roche, QIAGEN N.V., Siemens Healthineers, Eppendorf
AG, bioMérieux, and Abbott.
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Key Findings in
the Report:
In February
2020, Tecan launched Rapid EZ DNA-Seq library preparation kit, which is an
end-to-end solution for PCR-free generation of NGS libraries in just 2.5 hours.
The kit uses Tecan’s robust enzymatic DNA fragmentation and DimerFree library
construction technologies, which eliminates the need for tedious optimization
regardless of input amount.
In August
2019, Agilent acquired BioTek Instruments. The acquisition helped Agilent to
expand its presence and expertise in cell analysis as well as create a robust
position in large and growing immuno-oncology and immunotherapy areas.
The market
in Europe accounted for second-largest revenue share of 25.2% in 2020. Key
driving factors include rising focus on laboratory research and increasing
funding by investors and international organizations.
Emergen Research
has segmented the laboratory automation systems market based on product,
application, end-use, and region:
Product Outlook
(Revenue: USD Billion; 2020–-2028)
Robotic Arm
Microplate
Readers
Automated
Workstation
Others
Application
Outlook (Revenue: USD Billion; 2020–-2028)
Drug
Discovery
Clinical
Diagnostics
Microbiology
Genomics
Proteomics
End-Use Outlook
(Revenue: USD Billion; 2020–-2028)
Biotechnology
Pharmaceutical
Diagnostics
lab
Forensics
Others
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Laboratory Automation Systems Market Segmentation by Regions:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of
EU)
Asia Pacific (India, Japan, China, South
Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest
of Latin America)
Middle East & Africa (Saudi Arabia,
U.A.E., South Africa, Rest of MEA)
Valuable Market Insights:
The report highlights the latest trends
observed in the consumption pattern of each regional segment.
Extensive market segmentation included in the
report helps better understand the revenue and estimated growth of the
individual regions.
The report throws light on the historical and
current market scenarios and provides a concise year-on-year growth rate of the
global Laboratory Automation Systems market.
The report further entails the current market
trends, technological advancements, revenue growth, and other aspects affecting
market growth.
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