The global Lab Automation Market Growth Accelerated by Increased Productivity and Efficiency


 Lab automation solutions including robots, equipment and software facilitate several laboratory processes with minimal human intervention, improving productivity and efficiency. Lab automation equipment streamlines processes like sample handling, storing and retrieval, ELISA, PCR and sequencing that otherwise require repetitive human actions. This reduces scope for human errors and saves time. Now laboratories are able to perform high volume tests, reduce turnaround time and maximize throughput with the help of reliable automated tools.

The global Lab Automation Market is estimated to be valued at US$ 4,903.9 Mn in 2023 and is expected to exhibit a CAGR of 4.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Big data analytics is one of the key trends driving the growth of the lab automation market. Automated laboratory systems generate large volumes of complex data from instruments, equipment and processes. Analysing this data using big data analytics tools helps laboratories gain useful insights for optimizing workflows, identifying areas of inefficiency and improving overall laboratory management. Analytics also play a vital role in predictive maintenance of instruments by detecting anomalies and errors at an early stage. With the rise of artificial intelligence and internet of things, laboratories are increasingly leveraging big data solutions to maximize the potential of automation technologies and enhance productivity. This trend is expected to fuel revenue opportunities for vendors in the lab automation market over the forecast period.

Segment Analysis
The global lab automation market can be segmented by equipment, software, and application. The equipment segment dominated the market in 2021 and is projected to maintain its dominance during the forecast period. This is due to the increasing demand for automated equipment like automated liquid handlers, microplate readers, and automated storage and retrieval systems from biotechnology and pharmaceutical companies to enhance their workflow efficiency.

Key Takeaways

The global Lab Automation Market is estimated to be valued at US$ 4,903.9 Mn in 2023 and is expected to exhibit a CAGR of 4.9% over the forecast period 2023 to 2030.

Regional analysis: North America accounted for the largest market share in 2021 due to increased funding for research laboratories in Canada and the US. Asia Pacific is estimated to be the fastest-growing region owing to rising investments by public and private organizations to strengthen research infrastructure in China, India, and South Korea.

Key players: Key players operating in the lab automation market are Tecan Trading AG, PerkinElmer, Thermo Fisher Scientific, Danaher, Agilent Technologies, Honeywell International, bioMérieux, BD, Abbott Laboratories, Hamilton Robotics and Eppendorf AG. Tecan Trading AG and Thermo Fisher Scientific are the leading players in the market due to their wide product portfolio across equipment, software, and application segments. 

Comments

Post a Comment

Popular posts from this blog

Unveiling Health Secrets: Exploring the Potential of Blood-Based Biomarkers

Image
  The human body is a complex and intricate system, often harboring subtle signs of its inner workings. One of the most promising avenues for unlocking these secrets lies within our bloodstream – a treasure trove of information encoded in the form of blood-based biomarkers. These biomarkers, measurable indicators present in the blood, hold the potential to revolutionize healthcare by providing early detection, accurate diagnosis, and personalized treatment approaches. Blood-based biomarkers encompass a wide range of molecules – from proteins and nucleic acids to metabolites and even circulating cells. Researchers have been diligently working to identify specific biomarkers associated with various diseases and conditions. For instance, elevated levels of certain proteins might point to cardiovascular diseases, while specific genetic material could indicate the presence of cancer. By analyzing these biomarkers, clinicians gain valuable insights into an individual's health status, en...
Read more

Revolutionizing Biology: Advancements in Single Cell Analysis Techniques

Image
  Single cell analysis has emerged as a groundbreaking technology that is revolutionizing the field of biology. Traditionally, biological studies were conducted on populations of cells, averaging out the heterogeneity present within them. However, the advent of single cell analysis has enabled scientists to delve into the complexity of individual cells, uncovering a wealth of previously inaccessible information. Advancements in single cell analysis techniques have paved the way for a deeper understanding of cellular heterogeneity, gene expression, and cellular behavior. One of the most remarkable techniques is single-cell RNA sequencing (scRNA-seq), which allows scientists to measure gene expression in individual cells. This breakthrough has led to the identification of rare cell types, understanding of cellular communication networks, and the discovery of novel biomarkers. Moreover, single cell imaging techniques, such as single cell fluorescence microscopy, have enabled research...
Read more

Medical Robots Market Poised to Grow Owing to Improving Healthcare Infrastructure

Image
 The Medical Robots Market is anticipated to witness robust growth due to rising healthcare spending across the globe. Medical robots are used to perform minimal invasive surgeries with greater accuracy and flexibility. Growing preference for Robot-Assisted Surgery (RAS) over conventional open surgeries due to benefits such as shorter recovery time and minimum operative scars has been augmenting demand for medical robots. Key functions include guiding and positioning surgical accessories like guide tubes in radiology and guiding catheter and wires in cardiology. With rising chronic disease prevalence associated with aging populations, the need for more surgical procedures is surging which requires precise action minimally invasive robotic systems can provide. The Global Medical Robots Market is estimated to be valued at US$ 11.47 Bn in 2024 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030. Key Takeaways: Key players operating in the Medical Robo...
Read more