LAB AUTOMATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2022 to 2030)

Lab automation utilizes high-end automated equipment such as automated liquid handling system, micro-plate reader, and automated storage and retrieval system. It also includes software to perform a variety of routine lab procedure such as sample analysis, assay performance, mixing of samples, storage of samples, and many other procedures. Lab automation allows improved productivity with less operational-time and more accuracy by minimizing the human error in the operational tasks. Automated liquid handling system can perform three different procedures simultaneously such as sample preparation, reagent addition to different plates having samples, and movement of lab wares from periphery to front area of the desk. Lab Automation is a multi-disciplinary approach to develop and optimize technologies in the laboratory, in order to improve the medical tests and processes. It has replaced the manual steps with automated processes, which were potentially dangerous and error-prone. There are basically three types of automation: Pre-analytical, analytical automation and post-analytical automation. Any stage from sample/reagent storage all the way through preparation and addition is referred to as pre-analytical. Pre-analytical error has been estimated to occur up to 70% of the time and is caused by things like wrong amounts, poor storage, and labelling. The final steps of the experimental process include sample management, data analysis and interpretation, and reporting. After testing, tested samples are archived using automated technology, minimising mistakes from erroneous labelling or storage. Samples from the repository can also be easily accessed if more analysis is required. Total lab automation occurs when all three steps—pre-analysis, analysis, and post-analysis—are automated; subtotal automation occurs when only two of the three phases are automated.

Market Dynamics

Increasing acquisitions by the key players for lab automation are expected to propel the market growth during the forecast period. For instance, in February 2022, ZEON CORPORATION, a chemical manufacturer that focuses on the manufacturing and development of synthetic rubbers, synthetic latex, and resins, announced the acquisition of Aurora Microplates, a manufacturer of high-performance  micro plates, for discovery sciences and biochemical analysis. Under this acquisition, Zeon will accelerate business development in healthcare and life sciences in the European and the U.S. market.

Key features of the study:

• This report provides in-depth analysis of the global lab automation market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and provides attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by the key market players
• It profiles key players in the global lab automation market based on the following parameters–company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study includes Tecan Trading AG, PerkinElmer Inc., Danaher, Thermo Fisher Scientific, QIAGEN, Agilent Technologies, Inc., Hamilton Company, COPAN Diagnostics Inc., Abbott, Merck KGaA, F. Hoffmann-La Roche Ltd, Siemens Healthcare Private Limited, UiPath, and Porvair Sciences, SPT Labtech Ltd, Endress+Hauser Group Services AG,  Automata, accroma, Molecular Devices, LLC, Beckman Coulter, Inc., BD, Reshape Biotech, Peak Analysis & Automation
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global lab automation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global lab automation market

Detailed Segmentation:

• Global Lab Automation Market, By Product :
  • Liquid Handling Products
  • Microplate reader
  • Robotics and Others
• Global Lab Automation Market, By End User:
  • Research Institutes
  • Biopharmaceuticals and pharmaceuticals
  • Others
• Global Lab Automation Market, By Region:
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa
• Company Profiles
  • Tecan Trading AG*
    • Company Highlights
    • Products Portfolio
    • Key Highlights
    • Financial Performance
    • Strategies
  • PerkinElmer Inc.
  • Danaher
  • Thermo Fisher Scientific
  • QIAGEN
  • Agilent Technologies, Inc.
  • Hamilton Company
  • COPAN Diagnostics Inc.
  • Abbott
  • Merck KGaA
  • F.Hoffmann-La Roche Ltd
  • Siemens Healthcare Private Limited
  • UiPath
  • Porvair Sciences
  • SPT Labtech Ltd
  • Endress+Hauser Group Services AG
  • Automata
  • Accroma
  • Molecular Devices, LLC
  • Beckman Coulter, Inc.
  • BD
  • Reshape Biotech
  • Peak Analysis & Automation

“*” marked represents similar segmentation in other categories in the respective section.