Lab Automation Market Demand By Process, Automation Type, End Use, Region And Forecast To 2028

 San Francisco, 6 Aug 2021: The Report Lab Automation Market Size, Share & Trends Analysis Report By Process (Continuous Flow, Discrete Processing), By Automation Type (Total Automation Systems, Modular Automation Systems), By End Use, By Region, And Segment Forecasts, 2021 - 2028

The global lab automation market size is expected to reach USD 8.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.1% from 2021 to 2028. Key drivers of the market include a rise in the gap between the availability of trained laboratory personnel and the demand for laboratory procedures and high reproducibility and accuracy obtained through lab automation.

Other drivers facilitating growth include smaller volumes of reagents and samples required, personnel safety, progressing drug discovery, miniaturization of the process thus leading to low reagent cost, and clinical diagnostics. The market is anticipated to witness various lucrative opportunities for growth owing to an increasing prevalence of infectious diseases and a rising number of clinical studies which are expected to increase the number of diagnostic tests performed in the laboratories.The rise in applications of lab automation is one of the major factors anticipated to boost growth during the forecast period. 

Access Research Report of Lab Automation Market @ https://www.grandviewresearch.com/industry-analysis/lab-automation-market

Lab Automation Market Report Highlights

  • Lab automation is a multi-disciplinary way of researching, developing and optimizing technologies in the laboratory that enables new and improved processes. One of the most widely known applications of laboratory automation is observed at academic and research institutes to enhance their productivity and decrease the time spent on various tedious tasks.
  • Every market saw large impacts of Covid-19. The highest affected industry was the healthcare industry. Talking about the impacts on lab automation market, Covid-19 has highlighted the importance of lab automation for small and medium labs that do not have easy access to large laboratories.
  • Lab automation changes how technicians interact with testing. Instead of having to interact directly with specimens at any point of test, the automated tools does all the work. Thus leaving least room for errors.
  • The continuous flow segment dominated the global lab automation market and accounted for the largest revenue share of 57.5% in the year 2020, says a report published by Grand View Research Inc. This led to high adoption of continuous work flow in laboratories hence providing high-quality services.
  • Increase in demand for miniaturization is one factor that is impacting the market growth significantly. One of the major causes for the implementation of automated systems and workstations at clinical laboratories is to facilitate miniaturization of research processes in order to develop solutions for various complex lab automation tasks. Significant growth in the number of applications of lab automation is also expected to fuel the market growth in the coming years.
  • North America dominated the global lab automation market holding 36.4% shares in the year 2020. It is expected to maintain its position in the coming years.
  • Qiagen N.V., PerkinElmer Inc., Thermo Fisher Scientific Inc., Siemens Healthineers, and Danaher Corporation are the top 5 players of the lab automation market.

Access Press Release of Lab Automation Market @ https://www.grandviewresearch.com/press-release/global-lab-automation-market

 

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