According to a new market research report, „Lab Automation Market by Equipment and Software (Robotic Arms, Microplate Readers, LIMS), Applications (Drug Discovery, Clinical Diagnostics, Genomics), End Users (Biotechnology and Pharmaceuticals, Diagnostic Labs) – Global Forecast to 2022 „, published by MarketsandMarkets ™ The market is expected to reach $ 5.20 trillion by 2022 from an estimated $ 4.06 trillion in 2017, at a CAGR of 5.1%.
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Factors such as process miniaturization, high demand for lab automation equipment in drug discovery and clinical diagnostics, higher reproducibility and accuracy, and large scale workforce demand and supply gap are the growth of this market. In addition, lab automation offers enhanced productivity and reduced costs, improved personnel safety, and small volumes of samples and reagents.
The automated workstations segment to account for the largest market share in 2017
Based on equipment and software, the market is segmented into automated workstations, off-the-shelf workcells, robotic systems, automated storage and retrieval systems, software, and other equipment. In 2017, the automated workstations segment is expected to account for the largest share of the automation market. The high demand for automation in liquid handling is the key factor driving market growth in this segment. Automated workstations offer advantages such as enhanced accuracy and reduced time and cost.
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CAGR
Based on applications, the automation market is segmented into drug discovery, clinical diagnostics, genomics solutions, proteomics solutions, microbiology, and other applications. The genomics solutions segment is expected to grow to the highest CAGR during the forecast period. The use of automation is on the rise in genomics for high-throughput requirements, providing greater reproducibility and throughput as compared to manual methods.
North America to be the largest user of the automation market in 2017
North America’s automation market is expected to increase in 2017. The increasing adoption of automation systems is underway in 2010 and economy stimulus programs are underway Health (NIH) and the National Science Foundation (NSF), and increased R & D activities by biotechnology and pharmaceutical companies are driving growth in the lab automation market in North America.
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In 2017, Tecan (Switzerland) is expected to dominate the lab automation market. PerkinElmer (US), Danaher (Beckman Coulter & Molecular Devices) (US), Thermo Fisher (US), Agilent Technologies (US), Hamilton Robotics (US), Abbot Diagnostics (US) , Eppendorf (Germany), QIAGEN (Netherlands), Roche Diagnostics (Switzerland), and Siemens Healthcare (Germany).
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