Global Lab Automation Market is expected to rise from its initial estimated value of USD 5.3 billion in 2018 to an estimated value of USD 8.4 billion by 2026 registering a CAGR of 5.8%. The upcoming market report contains data for historic year 2017, 2016, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
In the lab automation market report, a section about the competitive landscape of the key players operating in the global market has also been studied well. This section covers the company profile, product specifications, capacity, production value, contact information, and market shares for the company. In addition, it equips players with exhaustive market analysis to help them identify key business prospects available in the global market. Lab automation report helps enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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Major Market Competitors:
Some of the major players operating in lab automation market are Tecan Group Ltd., Perkinelmer, Inc., Danaher Corporation, Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Qiagen N.V., Roche Holding AG, Siemens AG, Hamilton Robotics, Inc., Biomérieux SA among others.
Major Market Drivers and Restraints:
Increased adoption of miniaturization process resulting in low reagent cost and high productivity
Increased government funding for the development of biotech and drug discovery research
Increasing drug discovery and clinical diagnostics
High initial investments
Compatibility and portability issues resulting in reduced adoption of lab automation in small laboratories
Major Topics Covered in this Report:
Market Size by Manufacturers
Market Size by Type
Market Size by Application
Upstream, Industry Chain and Downstream Customers Analysis
Opportunities & Challenges, Threat and Affecting Factors
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Market Segmentation: Lab Automation Market
By Equipment the market for lab automation is segmented into automated liquid handlers, automated plate handlers, robotic arm, automated storage and retrieval systems.
By software the lab automation market is segmented into laboratory information management system, laboratory information system, chromatography data system, electronic lab notebook, scientific data management system.
On the basis of analyzer the market is segmented into biochemistry analyzers, immuno-based analyzers, hematology analyzers segments. By application the segmentation of the market is drug discovery, genomics, proteomics, protein engineering, bio analysis, analytical chemistry, system biology, clinical diagnostics, lyophilization. Based on end user the lab automation market is segmented into biotechnology & pharmaceuticals, hospitals, research institutions, academics, private labs.
On the basis of geography, lab automation market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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The lab automation market is highly fragmented and is based on new product launches. Hence the major players have used various strategies such as new product launches, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of lab automation market for global, Europe, North America, Asia Pacific and South America.
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