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Global Laboratory Automation Systems Report 2023 Segmented By Major Market Players, Types, Applications And Countries Forecast To 2032
Laboratory Automation Systems Global Market
The Business Research Company's Laboratory Automation Systems Global Market Report 2023 identifies Increased demand for microbiology testing and standardization as the major driver for the Laboratory Automation Systems market's growth in the forecast period. Culture-based microbiology laboratory testing by manual methods is being replaced by automated methods with the help of total laboratory automation.
The global laboratory automation systems market size grew from $5.87 billion in 2022 to $6.21 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The laboratory automation systems market is expected to grow from $7.43 billion in 2027 at a CAGR of 4.6%.
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Major competitors in the Laboratory Automation Systems market are Tecan Group, Perkinelmer, Thermo Fisher Scientific, Agilent Technologies, Danaher, Qiagen, Roche, Abbott, Siemens, and Eppendorf.
A key trend in the Laboratory Automation Systems market includes adopting RFID technology. Radio Frequency Identification (RFID) technology is an automatic system of identification based on wireless communication, consisting of a tag and a reader which can communicate through radiofrequency. RFID technology is similar to bar code technology but is more beneficial as it can perform some additional functions and actions automatically without human intervention than bar code technology. An RFID system is equipped with a transponder, transceiver, and a data processing unit to meet enhanced identification and tracking requirements in hospital laboratories. Laboratory automated systems use RFID tags attached with patient samples for identification and smart cards to store patients' data under a workstation that monitors the process in the laboratory.
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The Laboratory Automation Systems market is segmented -
1) By Equipment & Software: Automated Liquid Handling, Microplate Readers, Standalone Robots, Automated Storage And Retrieval Systems, Software And Informatics, Other Equipment
2) By Application: Drug Discovery, Clinical Diagnostics, Genomics Solutions, Proteomics Solutions, Other Applications
3) By End User: Biotechnology And Pharmaceutical Industries, Research Institutes, Hospitals And Private Labs, Academic Institutes
4) By Type: Modular Automation, Total Lab Automation
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Laboratory Automation Systems market.
The Business Research Company's "Global Laboratory Automation Systems Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Laboratory Automation Systems Market Include:
1. Executive Summary
2. Laboratory Automation Systems Market Characteristics
3. Laboratory Automation Systems Market Trends And Strategies
4. Laboratory Automation Systems Market - Macro Economic Scenario
5. Laboratory Automation Systems Market Size And Growth
……
27. Laboratory Automation Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Laboratory Automation Systems Market
29. Laboratory Automation Systems Market Future Outlook And Potential Analysis
30. Appendix
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