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Lab Automation Market - Global Outlook and Forecast 2021-2026

  • ID: 5360069
  • Report
  • July 2021
  • Region: Global
  • 389 pages
  • Arizton
UP TO OFF
until Aug 15th 2021

FEATURED COMPANIES

  • Abbott
  • Autoscribe Informatics
  • Blomesystem
  • Eppendorf
  • i-LIMS
  • LabVantage
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Lab Automation Market Report



The lab automation market is expected to grow at a CAGR of 8.53% during 2021-2026.

To scale up the process of manufacturing and to produce accurate results with increased quality and reduce time consumption, lab automation is gaining high traction in the healthcare industry. Many large hospitals in the developed countries have adopted lab automation techniques. As a result, the global laboratory information management system market is expected to exhibit a significant CAGR and annual growth during the forecast period. In addition, a high level of investment in healthcare and life science research is boosting the demand for lab automation.

The following factors are likely to contribute to the growth of the lab automation market during the forecast period:
  • Increased Adoption of Lab Automation Among the Genome Research Labs & Companies
  • Robotics Revolutionizing the Lab Automation
  • Rising Demand for the Task Targeted Automation
  • Future of Lab-Automation - Smart Labs
The study considers the present scenario of the lab automation market and its market dynamics for the period 2020-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

LAB AUTOMATION MARKET SEGMENTATION

The global lab automation market research report includes a detailed segmentation by product, application, automation, end-user, geography. The latest workstations, which are modular and customized to suit a particular application, such as sample preparation for genomics, proteomics, cellular analysis, and more, are gaining high momentum in the market. For instance, Abbott provides total labor depending on the requirement of the laboratory, and workstations can be procured. As a result, large laboratories are planning to prefer automated workstations to increase productivity across the globe.

The application of automation is helping researchers to test a more significant number of hypotheses. The automated robots and workstations benefit the researchers to evaluate large numbers of compounds against specific biological targets rapidly. Adopting digital workflow management practices and automated solutions is a key growth driver for labs to improve their efficiency and reduce their costs.

With the rise in the COVID-19 pandemic, most companies have invested in the task-targeted analyzers to increase the safety of lab personnel and handle the virus samples, especially in the preanalytical phase and preparing the samples to analyze it. Some pharma companies and research labs prefer using task-targeted analyzers in the post-analytical phase to produce error-free results. Compared to the total laboratory automation, implementing task-targeted automation is low, creating high growth in the market.

The biotechnology and pharma companies are increasing their usages of automated laboratory instruments, creating lucrative opportunities for the players in the market. The improved agility with the reduced testing time can reduce lead time for quality control labs by 60% to 70% and eventually leading to real-time product releases. Additionally, hospital laboratories are unique entities within the hospitals. Around 92% of the hospitals operate with their laboratories. In recent years, private laboratories have expanded their footprints, especially in developing countries, fueling the market growth. Public health laboratories are implementing partnership strategies with the World Health Organization and other international health entities to prevent and control health threats. The investments in new technologies with automated features will be high in the upcoming years.

Segmentation by Product
  • System
  • Automated Workstations
  • Automated Microplate Reader
  • Robotic Systems
  • Others)
  • Software
  • LIMS
  • ELN
  • Others
Segmentation by Application
  • Drug Discovery
  • Clinical Diagnostics
  • Genomics Solutions
  • Microbiology
  • Others
Segmentation by Automation
  • Subtotal Automation
  • Task Targeted Automation
  • Total Laboratory Automation
Segmentation by End-User
  • Biotechnology and Pharma Companies
  • Hospitals and Diagnostic Laboratories
  • Forensic Laboratories
  • Food & Beverages
  • Environmental Testing Laboratories
  • Research And Academic Institutes
INSIGHTS BY GEOGRAPHY

Many hospitals in North America have started to automate their labs to improve the quality of the labs, to provide better treatments to the people. Shortage of skilled laboratory technicians, increase in the number of diagnostic tests conducted, and increased investments in the life sciences industry are some of the major factors driving the demand for laboratory automation in the US. In Canada, two gene therapies for cancer treatment have been approved, and there are plans to implement somatic gene therapy in the coming years in lab automation market.

Segmentation by Geography
  • North America
  • US
  • Canada
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • APAC
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Turkey
COMPETITIVE LANDSCAPE

Manufacturers such as Abbott and Danaher are continuously focusing on product development and offering lab automation with new technology to increase their presence in the global market. In addition, key players are engaging in strategic acquisitions as part of their inorganic growth strategy to improve sales and profit margins. With the increase in the competition, vendors are expected to actively launch innovative devices to penetrate and tap the huge growth potential in the lab automation market. Danaher, Thermo Fisher Scientific, Tecan, Illumia, Abbott, and Agilent Technologies are the leading players and accounted for significant shares in the market.

Key Vendors
  • Tecan
  • Danaher
  • Thermo Fisher Scientific
  • Illumina
  • Abbott
  • Agilent Technologies
  • LabVantage
Other Prominent Vendors
  • Aurora Biomed
  • Accelerated Technologies
  • AgileBio
  • Autoscribe Informatics
  • Ambidata
  • BD
  • bioMérieux
  • Bio-Rad Laboratories
  • Blomesystem
  • Benchling
  • Bio-ITech BV
  • CrelioHealth
  • CompuGroup Medical
  • Dassault Systèmes
  • Dotmatics
  • Eppendorf
  • F.Hoffmann-La Roche
  • Gilson
  • HighRes Biosolutions
  • Hudson Robotics
  • Hamilton
  • INTEGRA Biosciences
  • i-LIMS
  • LabLite
  • LabLynx
  • Modul-Bio
  • LabPLUS
  • Novatek
  • PerkinElmer
  • Peak Analysis & Automation
  • Promium
  • QIAGEN
  • Siemens Healthineers
  • Synchron Lab Automation
  • Sapio Sciences
  • Sunquest Information Systems
KEY QUESTIONS ANSWERED:

1. How big is the lab automation market?
2. What are the major drivers for the lab automation market?
3. Which is the fastest-growing region during the forecasted period in the lab automation market?
4. What segments are covered in the lab automation market?
5. What is the impact of COVID-19 on the global laboratory automation market?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Abbott
  • Autoscribe Informatics
  • Blomesystem
  • Eppendorf
  • i-LIMS
  • LabVantage
  • MORE
1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of the Study

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at A Glance

7 Introduction
7.1 Overview
7.2 Impact of Lab-Automation on COVID-19

8 Market Opportunities & Trends
8.1 Robotics Revolutionizing Lab Automation
8.2 Future of Lab-Automation - Smart Labs
8.3 Increased Demand for Task-Targeted Automation

9 Market Growth Enablers
9.1 Adoption of Lab Automation Among Genome Research Labs & Companies
9.2 Increased Product Launches
9.3 Increased Adoption of Automated Workstations

10 Market Restraints
10.1 Slow Adoption of Automation Among SMLs
10.2 Limited Skills Among Lab Technicians
10.3 High Cost of Implementing Laboratory Automation

11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis

12 Product Type
12.1 Market Snapshot & Growth Engine
12.2 Market Overview

13 System
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Market Size & Forecast
13.4 System: Geographic Segmentation
13.5 Automated Workstations
13.6 Automated Microplate Reader
13.7 Robotic Systems
13.8 Others

14 Software
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Market Size & Forecast
14.4 Software: Geographic Segmentation
14.5 LIMS
14.6 ELN
14.7 Others

15 Application
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Drug Discovery
15.4 Clinical Diagnostics
15.5 Genomic Solutions
15.6 Microbiology
15.7 Others

16 Automation
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
16.3 Subtotal Automation
16.4 Task-Targeted
16.5 Total Laboratory Automation

17 End-User
17.1 Market Snapshot & Growth Engine
17.2 Market Overview
17.3 Biotechnology & Pharma Companies
17.4 Hospital and Diagnostic Laboratories
17.5 Forensic Laboratory
17.6 Food & Beverage
17.7 Environmental Testing
17.8 Research & Academic Institutes

18 Geography
18.1 Market Snapshot & Growth Engine
18.2 Geographic Overview

19 North America
19.1 Market Overview
19.2 Market Size & Forecast
19.3 North America: Product
19.4 North America: System
19.5 North America: Software
19.6 North America: Application
19.7 North America: Automation
19.8 North America: End-User
19.9 Key Countries

20 Europe
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Europe: Product
20.4 Europe: System
20.5 Europe: Software
20.6 Europe: Application
20.7 Europe: Automation
20.8 Europe: End-User
20.9 Key Countries

21 APAC
21.1 Market Overview
21.2 Market Size & Forecast
21.3 APAC: Product
21.4 APAC: System
21.5 APAC: Software
21.6 APAC: Application
21.7 APAC: Automation
21.8 APAC: End-User
21.9 Key Countries

22 Latin America
22.1 Market Overview
22.2 Market Size & Forecast
22.3 Latin America: Product
22.4 Latin America: System
22.5 Latin America: Software
22.6 Latin America: Application
22.7 Latin America: Automation
22.8 Latin America: End-User
22.9 Key Countries

23 Middle East & Africa
23.1 Market Overview
23.2 Market Size & Forecast
23.3 Middle East & Africa: Product
23.4 Middle East & Africa: System
23.5 Middle East & Africa: Software
23.6 Middle East & Africa: Application
23.7 Middle East & Africa: Automation
23.8 Middle East & Africa: End-User
23.9 Key Countries

24 Competitive Landscape
24.1 Competition Overview
24.2 Market Share Analysis
24.3 Market Share Analysis

25 Key Company Profiles
25.1 Tecan
25.2 Danaher
25.3 Thermo Fisher Scientific
25.4 Illumina
25.5 Abbott
25.6 Agilent Technologies
25.7 LabVantage

26 Other Prominent Vendors
26.1 Aurora Biomed
26.2 Accelerated Technologies
26.3 AgileBio
26.4 Autoscribe Informatics
26.5 Ambidata
26.6 BD
26.7 bioMérieux
26.8 Bio-Rad Laboratories
26.9 Blomesystem
26.10 Benchling
26.11 Bio-ITech BV
26.12 CrelioHealth
26.13 CompuGroup Medical
26.14 Dassault Systèmes
26.15 Dotmatics
26.16 Eppendorf
26.17 F. Hoffmann-La Roche
26.18 Gilson
26.19 HighRes Biosolutions
26.20 Hudson Robotics
26.21 Hamilton
26.22 INTEGRA Biosciences
26.23 i-LIMS
26.24 LabLite
26.25 LabLynx
26.26 Modul-Bio
26.27 LabPLUS
26.28 Novatek
26.29 PerkinElmer
26.30 Peak Analysis & Automation
26.31 Promium
26.32 QIAGEN
26.33 Siemens Healthineers
26.34 Synchron Lab Automation
26.35 Sapio Sciences
26.36 Sunquest Information Systems

27 Report Summary
27.1 Key Takeaways
27.2 Strategic Recommendations

28 Quantitative Summary
28.1 Market by Geography
28.2 Market by End-User
28.3 Market by Automation
28.4 Market by Application
28.5 Market by Product
28.6 Market by Software
28.7 Market by System

29 Appendix
29.1 Abbreviations
Note: Product cover images may vary from those shown
  • Tecan
  • Danaher
  • Thermo Fisher Scientific
  • Illumina
  • Abbott
  • Agilent Technologies
  • LabVantage
  • Aurora Biomed
  • Accelerated Technologies
  • AgileBio
  • Autoscribe Informatics
  • Ambidata
  • BD
  • bioMérieux
  • Bio-Rad Laboratories
  • Blomesystem
  • Benchling
  • Bio-ITech BV
  • CrelioHealth
  • CompuGroup Medical
  • Dassault Systèmes
  • Dotmatics
  • Eppendorf
  • F.Hoffmann-La Roche
  • Gilson
  • HighRes Biosolutions
  • Hudson Robotics
  • Hamilton
  • INTEGRA Biosciences
  • i-LIMS
  • LabLite
  • LabLynx
  • Modul-Bio
  • LabPLUS
  • Novatek
  • PerkinElmer
  • Peak Analysis & Automation
  • Promium
  • QIAGEN
  • Siemens Healthineers
  • Synchron Lab Automation
  • Sapio Sciences
  • Sunquest Information Systems
Note: Product cover images may vary from those shown

Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

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