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Laboratory Automation Systems Market: Industry Opportunities, Revenue, Gross Margin, Outlook Report by 2025
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Laboratory automation processes are expanding in proteomics and genomics owing to improve reproducibility, creating new solutions, increasing sensitivity for the purification and separation of products and solutions. Laboratory automation can be segmented into two, such as total laboratory automation and modular automation. Total laboratory automation involves automation of process from the start till the end. However modular automation includes task specific automation.
The market for laboratory automation is poised to grow during the coming years owing to shortage of highly skilled laboratory personnel’s, cost effectiveness, increased funding from government and corporate sector. Regulatory and stringent control over research labs in healthcare and pharmaceutical industry is also boosting laboratory automation. However several factors restrict the growth of the market such as lack of planning for technology and less priority in low and medium scale labs.
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Geographically, the laboratory automation systems market is segmented into North America, Latin America, Europe, the Asia-Pacific and the Middle East and Africa. North America leads the market for laboratory automation systems market owing to the highest rate of adoption of laboratory automation systems by end user segments. Europe is the second leading market for laboratory automation systems market due to increased funding and support for international organizations and government focus on research. The Asia Pacific Laboratory automation systems market is also anticipated to grow at an increasing rate owing to the demand for standardization in biopharmaceutical and biotechnology industry. Asia Pacific region is accounted as a fastest growing region for laboratory automation systems market as many players have invested in the development of new drugs. These factors are likely to drive the market growth of laboratory automation systems market during the forecast period globally. The growing needs to outsource laboratory processes has also created a need for laboratory automation in emerging economies such as India, China, Brazil and other developing countries.
The major players in laboratory automation systems market include Agilent Technologies, Thermo Fisher Scientific Inc.., Hamilton Robotics, Tecan Group, HighRes Biosolutions, Becton, Dickinson and Co., Roche Holding AG, Abbott Diagnostics, Biotek Instruments Inc., Perkinelmer Inc., Siemens Healthcare, Beckman Coulter Inc., Labware Inc. among others. Companies have several ongoing kinds of research for the development of new drugs. It has been found that companies have various molecules in the pipeline which ensures market growth during the forecast period. The market for laboratory automation is dominated by the leading companies owing to the increased technicality involved in the manufacturing of such laboratory automation systems.
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