Modular Laboratory Automation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The modular laboratory automation market is anticipated to grow at a CAGR of 6.5% over the forecast period. Laboratory automation has transformed the medical laboratory space by steadily replacing semi-automatic and manual methods with fully automated systems. These automation systems are beneficial in sterile environments, wherein human error is significantly reduced and time is saved. Routine laboratory processes, such as testing, screening, etc., are automated. Automation tools can process concurrent requests in real time, showing marked improvement in productivity and throughput.
Key HighlightsThe modular laboratory automation market is fragmented. The rapid growth in the number of clinical and pre-clinical studies across the world has created a faster imperative in sample analysis. It reduces both machine downtime and manpower. With growing demand, companies are entering the market, making it attractive as well as competitive. Some of the key players in the market are Thermo Fisher Scientific, Danaher Corporation, Becton Dickinson, Siemens Healthcare, Synchron Lab Automation, Honeywell International Inc., Perkinelmer Inc., among others.
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