Laboratory Automation Market

PORTLAND, OR, UNITED STATES, June 9, 2023/EINPresswire.com/ -- The Global Laboratory Automation Market size was valued at $4,884 million in 2018, and is projected to reach $8,424 million by 2026, registering a CAGR of 6.9%.

The Laboratory Automation Market refers to the use of technology and equipment to automate laboratory processes, such as sample preparation, data collection and analysis, and other tasks that were previously done manually. This market includes various types of automation technologies, such as robotics, software, and other automated laboratory equipment.

📚 𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/request-sample/2708

The lab automation market has been growing steadily over the past few years and is expected to continue growing in the future. The market growth is driven by various factors, including the increasing demand for high-throughput screening, the need for accuracy and reproducibility in laboratory experiments, and the growing demand for personalized medicine.

The lab automation market is segmented into different categories based on various factors such as type, application, end-users, and geography. Some of the key players in the lab automation market include Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Danaher Corporation, and PerkinElmer, Inc.

Overall, the lab automation market is expected to continue growing in the future as more laboratories adopt automation technology to improve their efficiency and accuracy. The market is also expected to benefit from advances in technologies such as artificial intelligence and machine learning, which can further enhance the capabilities of lab automation systems.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝟐𝟎𝟎 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬): https://www.alliedmarketresearch.com/checkout-final/5993e304d7198b86926241c84dcb106

Increase in research & development activities around the globe and increase in implementation in various applications propel the growth of the global laboratory automation market. However, high initial costs related to investment for building automated products restrain the market growth. Contrarily, increase in miniaturized process equipment demand and technological advancements offer numerous opportunities in coming years.

On the basis of product, the equipment segment accounted for more than five-sixths of the total market share in terms of revenue in 2018, and is projected to maintain its lion’s share during the forecast period. Moreover, this segment would grow at the largest CAGR of 7.2% from 2019 to 2026. This is attributed to increase lab automation equipment adoption for drug discovery & diagnostic purposes, less production fluctuations, and increase in demand for miniaturized process equipment. The report also discusses the software and informatics segment.

The clinical diagnostics segment accounted for the highest share in the global laboratory automation market, accounting for nearly two-fifths of the total market share in 2018, and is expected to continue its lead position throughout the forecast period. This is due to accessibility to highly-specialized laboratories that offer advanced automation technology for carrying out analysis with improved efficiency, lower cost, high quality, and low power consumption. However, the genomics solutions segment is estimated to witness the highest CAGR of 10.0% from 2019 to 2026.

North America held the largest market share, accounting for more than two-fifths of the total market share in 2018, and is estimated to grow at the lion's share throughout the forecast period. This is owing to presence of enhanced healthcare infrastructure and availability of well-trained medical professionals. However, Asia-Pacific would maintain the largest CAGR of 8.3% during the study period.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲- https://www.alliedmarketresearch.com/purchase-enquiry/2708

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

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