Laboratory is a setting that is equipped to perform scientific experiments, carry out research, and execute analyses of different scientific materials. Laboratory automation is a multi-disciplinary innovative approach use in the laboratory to increase productivity, streamline workflows, improve quality, reduce times, and increase efficiency of the laboratory process. Automated laboratory systems are widely use in biotechnology & pharmaceutical industries, research institutes, hospitals and academic institutes to enhance workflow.
The laboratory automation market is expected to experience significant growth during the forecast period owing to growth in adoption of automated laboratory equipment in pharmaceutical & R&D institutes, technological advancement in lab automation systems, and rising demand for miniaturize process equipment. In addition, increase in productivity, improve efficiency, lower cost of operation, reduce fluctuation in the production and enhance safety significantly driving the market growth.
The global laboratory automation market is segmented based on product, application, end user, and region. Based on product type global market is segmented into equipment and software & informatics. Equipment are bifurcated into automated workstations, robotic systems, standalone systems, and others. Software & informatics further categorized into workstation/unit automation software, laboratory information management system LIMS, electronic laboratory notebook, and scientific data management system. The applications covered in the study include drug discovery, clinical diagnostics, genomics solutions, and proteomics solutions. According to end user market is classified into biotechnology & pharmaceutical industries, research institutes, and others. Based on region, the market is studied across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa and rest of LAMEA).
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
- It offers a quantitative analysis from 2018 to 2026, which is expected to enable the stakeholders to capitalize on the prevailing market opportunities.
- A comprehensive analysis of all the geographical regions is provided to determine the existing opportunities.
- The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global market.
KEY MARKET SEGMENTS
By Product
By Product Type
- Equipment
- Automated Workstations
- Automated Liquid Handling
- Automated Integrated Workstations
- Pipetting Systems
- Reagent Dispensers
- Microplate Washers
- Microplate Readers
- Multi-mode Microplate Readers
- Single-mode Microplate Readers
- Automated ELISA Systems
- Automated Nucleic Acid Purification Systems
- Robotic Systems
- Others
- Software & Informatics
- Workstation/Unit Automation Software
- laboratory information management system LIMS
- Electronic Laboratory Notebook
- Scientific Data Management System
By Application
- Drug discovery
- Clinical diagnostics
- Genomics solutions
- Proteomics solutions
By End user
- Biotechnology & pharmaceutical industries
- Research institutes
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
- Agilent Technologies, Inc.
- BioMerieux SA
- Danaher Corporation
- F. Hoffmann-La Roche AG
- Hamilton Robotics
- PerkinElmer, Inc.
- Qiagen N.V.
- Siemens AG
- Tecan Group Ltd
- Thermo Fisher Scientific Inc.
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request.)
- Abbot Diagnostics
- Eppendorf
What is the estimated value of the Global Laboratory Automation Market?
What is the growth rate of the Global Laboratory Automation Market?
What is the forecasted size of the Global Laboratory Automation Market?
Who are the key companies in the Global Laboratory Automation Market?
Report Attribute | Details |
---|---|
No. of Pages | 270 |
Published | November 2019 |
Forecast Period | 2018 - 2026 |
Estimated Market Value ( USD | $ 4884 million |
Forecasted Market Value ( USD | $ 8424 million |
Compound Annual Growth Rate | 7.1% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |
Table of Contents
Executive Summary
According to the report titled, 'Laboratory Automation Market, by Product, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026', the global laboratory automation market was valued at $4,884 million in 2018, and is expected to reach $8,424 million by 2026, growing at a CAGR of 6.9% from 2019 to 2026.Laboratory automation is a multi-disciplinary innovative approach used in the laboratory to perform scientific experiments, carry out research, and execute analysis of different scientific materials. Automated laboratory equipment and software are adopted among the laboratories in biotechnology & pharmaceutical industries, research institutes, and hospitals to streamline workflow. Key advantages such as increase in productivity efficiency, lower cost of operation, and enhanced safety are the key drivers of the laboratory automation market. In addition, growth in adoption of automated laboratory systems in pharmaceutical companies & R&D institutes, developing R&D infrastructure in emerging economies, technological advancement in lab automation equipment, and rise in demand for miniaturize process equipment are significantly contributing toward the market growth.
By product, the market is categorized into equipment and software & informatics. At present, the equipment segment is the major revenue contributor and is estimated to grow significantly during the forecast period. Some key factors such as rise in demand for automated laboratory equipment, and technological advancements are majorly driving the market growth.
By application, the global laboratory automation market is categorized into drug discovery, clinical diagnostics, genomics solutions, and proteomics solutions. Presently, the drug discovery segment dominating the global market due to increase in adoption of lab automation equipment in drug discovery laboratories, surge in number of R&D activities for new drug development, and rise in demand for miniaturize process equipment in drug discovery laboratories drives the segment growth.
Biotechnology & pharmaceutical industries segment is major revenue contributor in 2018 owing to large presence of pharmaceutical companies worldwide with increase in adoption of robotics & laboratory automation. In addition, laboratory automation has shifted from the support of manufactured products and quality control of laboratory applications, to R&D within pharmaceutical & biotechnology companies. This further supports the market growth.
Key Finding of The Laboratory Automation Market:
On the basis of product type, the equipment segment held more than three-fourth share in the global market in 2018.
On the basis of application, the genomics solutions segment exhibits fastest growth and is expected to grow at a CAGR of 10.0% from 2019 to 2026.
On the basis of end user, the biotechnology & pharmaceutical industries segment held largest market share in 2018 and is expected to remain dominant throughout the forecast period.
On the basis of region, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 8.3% during the forecast period.
North America accounted for approximately one-half of the global laboratory automation market share in 2018 and is expected to remain dominant throughout the forecast period. This was attributed to the rise in higher adoption of laboratory automation system, wide availability of advanced laboratory automation system, large presence of pharmaceutical, biotech companies, and R&D laboratories with higher adoption of automated laboratory systems, and large presence of trained professionals. However, Asia-Pacific is expected to experience the highest growth rate during the forecast period majorly due to, rise in awareness about advanced laboratory automation systems, the developing R&D sector, and increase in number of pharmaceutical & biopharmaceutical companies that majorly drive the market growth.
Companies Mentioned
- Agilent Technologies Inc.
- BioMerieux SA
- Danaher Corporation
- F. Hoffmann-La Roche AG
- Hamilton Robotics
- PerkinElmer Inc.
- Qiagen N.V.
- Siemens AG
- Tecan Group Ltd.
- Thermo Fisher Scientific Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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