Quick Summary:
In an era where precision, efficiency, and time management are paramount, the global laboratory automation field shows immense promise by redefining traditional laboratory operations. Not only is automation significantly minimizing procedural errors, but it's effectively reducing labor and processing costs, and contributing to maximizing productivity and value in testing processes. Laboratory automation is jettisoning manual labor, enabling a swift delivery of accurate results, and ushering in expeditious decision-making processes.
Laboratory automation reshapes the scope of drug discovery by enhancing productivity, allowing researchers to better focus on core tasks rather than tedious, repetitive labor. Adopting automated testing solutions translates to better data protection, easy tracking of sample histories, and heightened productivity for laboratory teams. This ground-breaking market report delivers deep insights into this rapidly-expanding industry, covering all essential aspects from overarching market overviews, to micro-level industry performance details, current trends, key market drivers and challenges, SWOT, Porter's five forces analysis, and value chain analysis. This indispensable resource is ideal for entrepreneurs, investors, researchers, consultants, business strategists, and anyone looking to gain significant understanding or foreseeing a foray into the laboratory automation industry.
The global laboratory automation market size reached US$ 6.1 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 9.4 Billion by 2028, exhibiting a CAGR of 7.47% during 2022-2028.
Laboratory automation can be defined broadly as any device, software or process that requires minimal human intervention and improves the efficiency of the laboratory. Laboratory automation may include the use of robots, conveyors, software, machine vision, etc.
Laboratory automation has played a major role in saving time, reducing costs, eliminating human error and improving the efficiency of experiments. As a result, automation has moved past the “nice to have” to the “must have” in the modern laboratory. Laboratory teams today are continually looking for ways to increase their efficiency and improve the long-term value of their operations. Organisations are now adopting laboratory automation solutions to enhance their work and maximize the efficiency of their testing processes.
Automation is also enabling laboratories to reduce manual work. Automation solutions can complete many testing processes that would otherwise require significant amount of manual work. Labor costs account for a significant share of the total laboratory costs. Moreover, automation systems improve the productivity of labs and reduce the increase in costs that may arise due to wastage.
The application of automation systems has also led to a significant increase in the productivity of the drug discovery process. These systems can operate for long hours with minimal monitoring and instruction. They also allow more time for researchers to focus on their core work and reduce their time on repetitive tasks
Automated testing solutions enable the ideal ways to protect data and ensure that it is easily available for lab teams. These systems also improve productivity of lab teams as they can track everything that happens to a sample, enabling them to view its entire history.
This report provides a deep insight into the global laboratory automation market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the laboratory automation industry in any manner.
2. What will be the global laboratory automation market outlook during the forecast period (2023-2028)?
3. What are the global laboratory automation market drivers?
4. What are the major trends in the global laboratory automation market?
5. What is the impact of COVID-19 on the global laboratory automation market?
6. What is the global laboratory automation market breakup by type?
7. What is the global laboratory automation market breakup by equipment and software type?
8. What is the global laboratory automation market breakup by end user?
9. What are the major regions in the global laboratory automation market?
Laboratory automation can be defined broadly as any device, software or process that requires minimal human intervention and improves the efficiency of the laboratory. Laboratory automation may include the use of robots, conveyors, software, machine vision, etc.
Laboratory automation has played a major role in saving time, reducing costs, eliminating human error and improving the efficiency of experiments. As a result, automation has moved past the “nice to have” to the “must have” in the modern laboratory. Laboratory teams today are continually looking for ways to increase their efficiency and improve the long-term value of their operations. Organisations are now adopting laboratory automation solutions to enhance their work and maximize the efficiency of their testing processes.
Market Drivers:
Laboratory automation is playing a major role in maximizing the accuracy of laboratory results and minimizing human errors to ensure that work is completed efficiently. It also enables the laboratory to deliver the reports quickly ensuring that actionable data is available on a short notice for review.Automation is also enabling laboratories to reduce manual work. Automation solutions can complete many testing processes that would otherwise require significant amount of manual work. Labor costs account for a significant share of the total laboratory costs. Moreover, automation systems improve the productivity of labs and reduce the increase in costs that may arise due to wastage.
The application of automation systems has also led to a significant increase in the productivity of the drug discovery process. These systems can operate for long hours with minimal monitoring and instruction. They also allow more time for researchers to focus on their core work and reduce their time on repetitive tasks
Automated testing solutions enable the ideal ways to protect data and ensure that it is easily available for lab teams. These systems also improve productivity of lab teams as they can track everything that happens to a sample, enabling them to view its entire history.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global laboratory automation market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type, equipment and software type and end-user.Breakup by Type:
- Modular Automation
- Whole Lab Automation
Breakup by Equipment and Software Type:
- Automated Clinical Laboratory Systems
- Workstations
- LIMS (Laboratory Information Management Systems)
- Sample Transport Systems
- Specimen Handling Systems
- Storage Retrieval Systems
- Automated Drug Discovery Laboratory Systems
- Plate Readers
- Automated Liquid Handling Systems
- LIMS (Laboratory Information Management Systems)
- Robotic Systems
- Storage Retrieval Systems
- Dissolution Testing Systems
Breakup by End-User:
- Biotechnology and Pharmaceutical Companies
- Hospitals and Diagnostic Laboratories
- Research and Academic Institutes
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being Danaher, PerkinElmer, Tecan Group, Thermo Fisher, Abbott Diagnostics, Agilent Technologies, Aurora Biomed, Becton, Dickinson and Company, Biomatrix, Biotech Instruments, Brooks Automation, Cerner, Eppendorf, Hamilton Storage Technologies, LabVantage Solutions, Labware, Olympus, Qiagen, Roche Holding, Siemens Healthcare, etc.This report provides a deep insight into the global laboratory automation market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the laboratory automation industry in any manner.
Key Questions Answered in This Report
1. What was the global laboratory automation market size in 2022?2. What will be the global laboratory automation market outlook during the forecast period (2023-2028)?
3. What are the global laboratory automation market drivers?
4. What are the major trends in the global laboratory automation market?
5. What is the impact of COVID-19 on the global laboratory automation market?
6. What is the global laboratory automation market breakup by type?
7. What is the global laboratory automation market breakup by equipment and software type?
8. What is the global laboratory automation market breakup by end user?
9. What are the major regions in the global laboratory automation market?
Frequently Asked Questions about the Global Laboratory Automation Market
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 | 126 |
| Published | March 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 6.1 Billion |
| Forecasted Market Value ( USD | $ 9.4 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
Table of Contents
1 Preface2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Laboratory Automation Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Type
5.5 Market Breakup by Equipment and Software Type
5.6 Market Breakup by End-User
5.7 Market Breakup by Region
5.8 Market Forecast
5.9 SWOT Analysis
5.9.1 Overview
5.9.2 Strengths
5.9.3 Weaknesses
5.9.4 Opportunities
5.9.5 Threats
5.10 Value Chain Analysis
5.11 Porters Five Forces Analysis
5.11.1 Overview
5.11.2 Bargaining Power of Buyers
5.11.3 Bargaining Power of Suppliers
5.11.4 Degree of Competition
5.11.5 Threat of New Entrants
5.11.6 Threat of Substitutes
6 Market Breakup by Type
6.1 Modular Automation
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Whole Lab Automation
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Equipment and Software Type
7.1 Automated Clinical Laboratory Systems
7.1.1 Workstations
7.1.1.1 Market Trends
7.1.1.2 Market Forecast
7.1.2 LIMS (Laboratory Information Management Systems)
7.1.2.1 Market Trends
7.1.2.2 Market Forecast
7.1.3 Sample Transport Systems
7.1.3.1 Market Trends
7.1.3.2 Market Forecast
7.1.4 Specimen Handling Systems
7.1.4.1 Market Trends
7.1.4.2 Market Forecast
7.1.5 Storage Retrieval Systems
7.1.5.1 Market Trends
7.1.5.2 Market Forecast
7.2 Automated Drug Discovery Laboratory Systems
7.2.1 Plate Readers
7.2.1.1 Market Trends
7.2.1.2 Market Forecast
7.2.2 Automated Liquid Handling Systems
7.2.2.1 Market Trends
7.2.2.2 Market Forecast
7.2.3 LIMS (Laboratory Information Management Systems)
7.2.3.1 Market Trends
7.2.3.2 Market Forecast
7.2.4 Robotic Systems
7.2.4.1 Market Trends
7.2.4.2 Market Forecast
7.2.5 Storage Retrieval Systems
7.2.5.1 Market Trends
7.2.5.2 Market Forecast
7.2.6 Dissolution Testing Systems
7.2.6.1 Market Trends
7.2.6.2 Market Forecast
8 Market Breakup by End-User
8.1 Biotechnology and Pharmaceutical Companies
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Hospitals and Diagnostic Laboratories
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Research and Academic Institutes
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Asia Pacific
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 Danaher
10.3.2 PerkinElmer
10.3.3 Tecan Group
10.3.4 Thermo Fisher
10.3.5 Abbott Diagnostics
10.3.6 Agilent Technologies
10.3.7 Aurora Biomed
10.3.8 Becton, Dickinson and Company
10.3.9 Biomatrix
10.3.10 Biotech Instruments
10.3.11 Brooks Automation
10.3.12 Cerner
10.3.13 Eppendorf
10.3.14 Hamilton Storage Technologies
10.3.15 LabVantage Solutions
10.3.16 Labware
10.3.17 Olympus
10.3.18 Qiagen
10.3.19 Roche Holding
10.3.20 Siemens Healthcare
List of Figures
Figure 1: Global: Laboratory Automation Market: Major Drivers and Challenges
Figure 2: Global: Laboratory Automation Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Laboratory Automation Market: Breakup by Type (in %), 2022
Figure 4: Global: Laboratory Automation Market: Breakup by Equipment and Software Type (in %), 2022
Figure 5: Global: Laboratory Automation Market: Breakup by End-User (in %), 2022
Figure 6: Global: Laboratory Automation Market: Breakup by Region (in %), 2022
Figure 7: Global: Laboratory Automation Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Laboratory Automation Industry: SWOT Analysis
Figure 9: Global: Laboratory Automation Industry: Value Chain Analysis
Figure 10: Global: Laboratory Automation Industry: Porter’s Five Forces Analysis
Figure 11: Global: Laboratory Automation Market (Modular Automation): Sales Value (in Million US$),2017 & 2022
Figure 12: Global: Laboratory Automation Market Forecast (Modular Automation): Sales Value (in Million US$), 2023-2028
Figure 13: Global: Laboratory Automation Market (Whole Lab Automation): Sales Value (in Million US$),2017 & 2022
Figure 14: Global: Laboratory Automation Market Forecast (Whole Lab Automation): Sales Value (in Million US$), 2023-2028
Figure 15: Global: Laboratory Automation Market (Automated Clinical Laboratory Systems): Sales Value (in Million US$),2017 & 2022
Figure 16: Global: Automated Clinical Laboratory Systems Market (Workstations): Sales Value (in Million US$),2017 & 2022
Figure 17: Global: Automated Clinical Laboratory Systems Market Forecast (Workstations): Sales Value (in Million US$), 2023-2028
Figure 18: Global: Automated Clinical Laboratory Systems Market (LIMS): Sales Value (in Million US$),2017 & 2022
Figure 19: Global: Automated Clinical Laboratory Systems Market Forecast (LIMS): Sales Value (in Million US$), 2023-2028
Figure 20: Global: Automated Clinical Laboratory Systems Market (Sample Transport): Sales Value (in Million US$),2017 & 2022
Figure 21: Global: Automated Clinical Laboratory Systems Market Forecast (Sample Transport): Sales Value (in Million US$), 2023-2028
Figure 22: Global: Automated Clinical Laboratory Systems Market (Specimen Handling): Sales Value (in Million US$),2017 & 2022
Figure 23: Global: Automated Clinical Laboratory Systems Market Forecast (Specimen Handling): Sales Value (in Million US$), 2023-2028
Figure 24: Global: Automated Clinical Laboratory Systems Market (Storage Retrieval): Sales Value (in Million US$),2017 & 2022
Figure 25: Global: Automated Clinical Laboratory Systems Market Forecast (Storage Retrieval): Sales Value (in Million US$), 2023-2028
Figure 26: Global: Laboratory Automation Market Forecast (Automated Clinical Laboratory Systems): Sales Value (in Million US$), 2023-2028
Figure 27: Global: Laboratory Automation Market (Automated Drug Discovery Laboratory Systems): Sales Value (in Million US$),2017 & 2022
Figure 28: Global: Automated Drug Discovery Laboratory Systems Market (Plate Readers): Sales Value (in Million US$),2017 & 2022
Figure 29: Global: Automated Drug Discovery Laboratory Systems Market Forecast (Plate Readers): Sales Value (in Million US$), 2023-2028
Figure 30: Global: Automated Drug Discovery Laboratory Systems Market (Liquid Handling): Sales Value (in Million US$),2017 & 2022
Figure 31: Global: Automated Drug Discovery Laboratory Systems Market Forecast (Liquid Handling): Sales Value (in Million US$), 2023-2028
Figure 32: Global: Automated Drug Discovery Laboratory Systems Market (LIMS): Sales Value (in Million US$),2017 & 2022
Figure 33: Global: Automated Drug Discovery Laboratory Systems Market Forecast (LIMS): Sales Value (in Million US$), 2023-2028
Figure 34: Global: Automated Drug Discovery Laboratory Systems Market (Robotic Systems): Sales Value (in Million US$),2017 & 2022
Figure 35: Global: Automated Drug Discovery Laboratory Systems Market Forecast (Robotic Systems): Sales Value (in Million US$), 2023-2028
Figure 36: Global: Automated Drug Discovery Laboratory Systems Market (Storage Retrieval): Sales Value (in Million US$),2017 & 2022
Figure 37: Global: Automated Drug Discovery Laboratory Systems Market Forecast (Storage Retrieval): Sales Value (in Million US$), 2023-2028
Figure 38: Global: Automated Drug Discovery Laboratory Systems Market (Dissolution Testing): Sales Value (in Million US$),2017 & 2022
Figure 39: Global: Automated Drug Discovery Laboratory Systems Market Forecast (Dissolution Testing): Sales Value (in Million US$), 2023-2028
Figure 40: Global: Laboratory Automation Market Forecast (Automated Drug Discovery Laboratory Systems): Sales Value (in Million US$), 2023-2028
Figure 41: Global: Laboratory Automation Market (in Biotechnology and Pharmaceutical Companies): Sales Value (in Million US$),2017 & 2022
Figure 42: Global: Laboratory Automation Market Forecast (in Biotechnology and Pharmaceutical Companies): Sales Value (in Million US$), 2023-2028
Figure 43: Global: Laboratory Automation Market (in Hospitals and Diagnostic Laboratories): Sales Value (in Million US$),2017 & 2022
Figure 44: Global: Laboratory Automation Market Forecast (in Hospitals and Diagnostic Laboratories): Sales Value (in Million US$), 2023-2028
Figure 45: Global: Laboratory Automation Market (in Research and Academic Institutes): Sales Value (in Million US$),2017 & 2022
Figure 46: Global: Laboratory Automation Market Forecast (in Research and Academic Institutes): Sales Value (in Million US$), 2023-2028
Figure 47: North America: Laboratory Automation Market: Sales Value (in Million US$),2017 & 2022
Figure 48: North America: Laboratory Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Europe: Laboratory Automation Market: Sales Value (in Million US$),2017 & 2022
Figure 50: Europe: Laboratory Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Asia Pacific: Laboratory Automation Market: Sales Value (in Million US$),2017 & 2022
Figure 52: Asia Pacific: Laboratory Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Middle East and Africa: Laboratory Automation Market: Sales Value (in Million US$),2017 & 2022
Figure 54: Middle East and Africa: Laboratory Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Latin America: Laboratory Automation Market: Sales Value (in Million US$),2017 & 2022
Figure 56: Latin America: Laboratory Automation Market Forecast: Sales Value (in Million US$), 2023-2028
List of Tables
Table 1: Global: Laboratory Automation Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Laboratory Automation Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Laboratory Automation Market Forecast: Breakup by Equipment and Software Type (in Million US$), 2023-2028
Table 4: Global: Laboratory Automation Market Forecast: Breakup by End-User (in Million US$), 2023-2028
Table 5: Global: Laboratory Automation Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Laboratory Automation Market: Competitive Structure
Table 7: Global: Laboratory Automation Market: Key Players
Companies Mentioned
- Danaher
- PerkinElmer
- Tecan Group
- Thermo Fisher
- Abbott Diagnostics
- Agilent Technologies
- Aurora Biomed
- Becton
- Dickinson and Company
- Biomatrix
- Biotech Instruments
- Brooks Automation
- Cerner
- Eppendorf
- Hamilton Storage Technologies
- LabVantage Solutions
- Labware
- Olympus
- Qiagen
- Roche Holding
- Siemens Healthcare
Methodology
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