Laboratory Automation Market is Anticipated to Reach Around USD 5.9 Billion by 2023

1. Global Laboratory Automation Market Report, Trends, Growth and Forecast Till 2023 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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3. Report Description and Highlights Report Description Laboratory Automation Market Report By Type (Modular Automation and Whole Lab Automation), End-User (Biotechnology and Pharmaceutical Companies, Hospitals and Diagnostic Laboratories and Research and Academic Institutes), Equipment and Software Type, Region The global laboratory automation market has experienced a moderate growth over the past several years. This can be attributed to the numerous government initiatives coupled with advancements in automated systems. Market Overview: The latest report by IMARC Group, entitled “Laboratory Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the global laboratory automation market reached a value of US$ 4.3 Billion in 2017. Laboratory automation refers to the utilization of automated systems so as to increase the efficiency and effectiveness of scientific research in laboratories. These systems are generally an integration of robotics, computer hardware and software, conveyor systems, machine vision, etc. that aid in achieving standardized and real-time analysis as well as improving performance by eliminating human errors. Nowadays, the most advanced lab automation systems include immunoassay, hematology, hemostasis and chemistry testing along with pre- and post-analytical processing. On account of rising competition and demand for higher efficacy in both research and clinical labs, the demand for laboratory automation systems has increased in the recent years.

4. Report Description and Highlights Report Description • Global Laboratory Automation Market Trends: • Automated laboratory software has improved the productivity of testing solutions, enabling the lab teams to view history and track sample details anywhere at any time. Apart from this, several manufacturers have designed automated systems and software to improve workflow with decreased costs per test, reduced turnaround time, fewer errors and increased testing capacity. Moreover, the development of bench-top and standalone automated systems has facilitated the introduction of automation in smaller labs. Further, the governments of various countries are taking initiatives to enhance their laboratory research, in turn, creating a huge demand for laboratory automation. For instance, Genomics Research and Development Initiative (GRDI) by the government of Canada utilizes automated laboratory systems to increase test speed and minimize cost inputs. Owing to these factors, the market is projected to reach a value of US$ 5.9 Billion by 2023, exhibiting a CAGR of around 5% during 2018-2023. • Laboratory Automation Market Segmentation: • Market Segmentation by Type • Modular Automation • Whole Lab Automation

5. Market Forecast Sample Figure: Global: Laboratory Automation Market Forecast: Sales Value (in Billion US$), 2018-2023

6. Market Segmentation Report Description • On the basis of type, the market has been segmented into modular automation and whole lab automation. Currently, modular automation is the most popular segment in the global laboratory automation market. • For more information, click here: https://www.imarcgroup.com/laboratory-automation-market • Market Segmentation by Equipment and Software Type • Automated Clinical Laboratory Systems • Workstations • LIMS (Laboratory Information Management Systems) • Sample Transport Systems • Specimen Handling Systems • Storage Retrievel Systems • Automated Drug Discovery Laboratory Systems • Plate Readers • Automated Liquid Handling Systems • LIMS (Laboratory Information Management Systems) • Robotic Systems • Storage Retrievel Systems • Dissolution Testing Systems

7. Market Segmentation Report Description • Based on equipment and software type, the market has been segregated into automated clinical and drug discovery laboratory systems. Amongst these, automated clinical laboratory systems dominate the market, accounting for the largest market share. • Market Segmentation by Region • North America • Europe • Asia Pacific • Latin America • Middle East and Africa • Region-wise, North America is the leading market, holding the majority of the global share. This can be accredited to the rising number of research laboratories in the region which require an efficient and cost-effective solution for sample analysis. Other major regions include Asia Pacific, Europe, Latin America, and Middle East and Africa. • Market Segmentation by End-User • Biotechnology and Pharmaceutical Companies • Hospitals and Diagnostic Laboratories

8. Regional Segmentation North America Europe Asia- Pacific Middle East and Africa Latin America

9. Market Segmentation Report Description • Research and Academic Institutes • On the basis of end-user, biotechnology and pharmaceutical companies represent the biggest end-user segment in the global laboratory automation market. These companies are followed by hospitals and diagnostic laboratories, and research and academic institutes. • Request for a sample report: https://www.imarcgroup.com/request?type=report&id=1061&flag=B • Competitive Landscape: • The competitive landscape of the market has also been examined with some of the key players. • Danaher • PerkinElmer • Tecan Group • Thermo Fisher • Abbott Diagnostics • Agilent Technologies • Aurora Biomed • Becton, Dickinson and Company

10. Market Segmentation Report Description • BioMérieux • Biotek Instruments • Brooks Automation • Cerner • Eppendorf • Hamilton Storage Technologies • LabVantage Solutions • Labware • Olympus • Qiagen • Roche Holding • Siemens Healthcare • In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

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13. Partial List of Clients • We are the trusted business partners to the world's leading corporates, governments, and institutions A partial List of our Clients

14. Report Description and Highlights Report Description © 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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