India Laboratory Automation Market Size, Trends, Key Players, Opportunity and Analysis by 2022-2027

According to IMARC Group's latest report, titled "India Laboratory Automation Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the India market is expected to exhibit a CAGR of 9.49% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Laboratory automation is a multidisciplinary approach wherein various instruments, conveyor systems, computer hardware, and robotic solutions are integrated and controlled to improve the overall workflow while ensuring minimal human input. It includes dissolution testing, storage retrieval, automated liquid handling, plate readers, sample transport, and laboratory information management systems (LIMS) as standard solutions. These technologies ensure sample safety, optimal accuracy and provide real-time analysis by reducing human mistakes. Apart from this, laboratory automation improves production, shortens turnaround times, and increases productivity; thus, it is used in hospitals and research institutes.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

India Laboratory Automation Market Trends:

The widespread adoption of laboratory automation in the healthcare and pharmaceutical sector to simplify lab operations and perform clinical diagnostics operations is primarily driving the market growth across the nation. Moreover, the increasing demand for automated systems to manage and store hazardous compounds to comply with laboratory safety regulations and shield laboratory staff from harmful reagents is favoring the market growth. Furthermore, the significant enhancements in the healthcare sectors and the integration of machine learning (ML) and artificial intelligence (AI) to streamline logistics, optimize stability, and reduce downtime are propelling the market growth.
Additionally, the rising number of clinical trials and the growing need for automated instruments from the drug discovery units of pharmaceutical corporations are impelling the market growth. Besides this, the shortage of skilled and trained professionals has further facilitated the employment of state-of-the-art lab automation systems in clinical settings to improve experimental data quality, which is supporting the market growth. Looking forward, the India laboratory automation market is expected to continue its moderate growth during the forecast period (2022-2027).

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Key Market Segmentation:
The report has categorized the market based on type, equipment and software type and end user.

Breakup by Type:
• Modular Automation
• Whole Lab Automation

Breakup by Equipment and Software Type:
• Automated Clinical Laboratory Systems

o Workstations
o LIMS (Laboratory Information Management Systems)
o Sample Transport Systems
o Specimen Handling Systems
o Storage Retrieval Systems

• Automated Drug Discovery Laboratory Systems
o Plate Readers
o Automated Liquid Handling Systems
o LIMS (Laboratory Information Management Systems)
o Robotic Systems
o Storage Retrieval Systems
o Dissolution Testing Systems

Breakup by End User:
• Biotechnology and Pharmaceutical Companies
• Hospitals and Diagnostic Laboratories
• Research and Academic Institutes

Breakup by Region:
• North India
• West and Central India
• South India
• East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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