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.

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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. 

Key insights presented in the report:

Market revenue shares by major business players, by type, by application, and market scope of global Laboratory Automation Systems market

Sales revenue by key players and new entrants

Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers

Recent mergers, acquisitions, product launches, recent investments, and joint ventures

Regional analysis to provide insight into recent trends and opportunities

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 Highlights of 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.

On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.

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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

Key Questions Answered in the Report:

What will be the estimated growth rate of the Laboratory Automation Systems market by 2027?

Who are the prominent distributors, vendors, and manufacturers of the market?

What are the driving and restraining factors of the growth of the Laboratory Automation Systems market throughout the forecast period?

What are the current and future market trends of the Laboratory Automation Systems market?

What are the sales and price analysis of the product by types, applications, and regions?

What are the expected opportunities for the companies and new entrants in the coming years?

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