Global Lab Automation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Lab Automation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Lab automation is a process that helps in developing, optimizing and capitalizing different technologies in the laboratory procedures. These systems involve integration of automated lab instruments, devices and software. It helps in enhancing the speed of various laboratory processes such as vaccine production, drug discovery and many others. Lab Automation helps in examining large number of samples with minimal involvement of humans. Various benefits offered by lab automation are less time consuming, precise, flexible, minimizes repetitive injuries, reduces costs in the lab, and eliminates human error and many others.

Market Overview:

The latest research study on the global Lab Automation market finds that the global Lab Automation market reached a value of USD 8537.13 million in 2022. It’s expected that the market will achieve USD 13265.66 million by 2028, exhibiting a CAGR of 7.62% during the forecast period.

Chemical Industry

The development of the laboratory automation industry is also beginning to rise in the chemical industry, which can increase productivity, reduce costs and improve personnel safety.

Academic research lab

While an academic research lab may prefer to use only some instruments in order to increase productivity, laboratory automation is starting to rise in academic research institutions, reducing the time spent on a tedious task.

Low labor demand

The automation of the laboratory can greatly reduce the labor and supply gaps in the laboratory. In addition, lab automation offers enhanced productivity and reduced costs, better personnel safety, and small volumes of samples and reagents.

Growing market demand

With the development of the economy, the markets of Pharmaceutical Industry and Academic research institution is booming, the demand for the market has increased, which has promoted the development of Lab automation.

Region Overview:

North America dominated the Lab Automation market in 2022, with a market share of 41.26%.

Company Overview:

Danaher is one of the major players operating in the Lab Automation market, holding a share of 9.55% in 2023.

Danaher

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide.

PerkinElmer

PerkinElmer, Inc. provides products, services, and solutions to the diagnostics, life sciences, and applied services markets worldwide.

Segmentation Overview:

Among different product types, Automated Liquid Handling Systems segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Drug Discovery segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Lab Automation market covered in Chapter 3:

Eppendorf
Biotek Instruments
Brooks Automation
PerkinElmer
Roche
Abbott
Labware
BioMerieux
Hamilton Company
Qiagen
LabLynx
Aurora Biomed
Siemens Healthineers
LabVantage Solutions
Inpeco
Agilent Technologies
Becton Dickinson
Thermo Fisher
Tecan Group
Danaher

In Chapter 4 and Chapter 14.2, on the basis of types, the Lab Automation market from 2018 to 2029 is primarily split into:

Automated Liquid Handling Systems
Microplate Readers
Automated Elisa Systems
Automated Nucleic Acid Purification Systems
Off-the-shelf Automated Workcells
Robotic Systems
Automated Storage & Retrieval Systems (ASRS)
Software
Other Equipment

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Lab Automation market from 2018 to 2029 covers:

Drug Discovery
Clinical Diagnostics
Microbiology Solutions
Other Applications

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)