Lab Automation Market by Product (Equipment, Services, Software), Automation Type (Modular Automation, Total Lab Automation), Application, End User - Global Forecast 2024-2030

Lab Automation Market by Product (Equipment, Services, Software), Automation Type (Modular Automation, Total Lab Automation), Application, End User - Global Forecast 2024-2030

The Lab Automation Market size was estimated at USD 6.11 billion in 2023 and expected to reach USD 6.64 billion in 2024, at a CAGR 8.53% to reach USD 10.84 billion by 2030.

Global Lab Automation Market Laboratory automation integrates automated technologies into the laboratory to enable new and improved processes. Lab automation solutions eliminate the most repetitive tasks in a lab, such as library preparation or liquid handling, that are normally performed manually by lab technicians or scientists. Lab automation uses instrumentation to perform laboratory processes, requiring minimal human input. Increasing usage of lab automation services in medical laboratories owing to the rising need to improve the overall efficiency of experimental processes by speeding up tasks, cutting waste, using lower quantities of reagents, and allowing for higher throughput of experiments. However, lab automation is a costly process depending on the experimental needs and workload limits its adoption from healthcare organizations that hamper the market's growth. Moreover, technological advancement in lab automation, such as the development of laboratory information system (LIS)/laboratory information management system (LIMS) software, is expected to accelerate high adoption from healthcare facilities.Regional InsightsThe lab automation market shows a highly evolving landscape in the Americas owing to the established industrial sector and increasing application of lab automation in various healthcare facilities, including biotechnology & pharmaceutical companies, hospitals & diagnostic laboratories, and research & academic institutes. Several countries in the APAC region, including China, Japan, India, and Singapore, have been actively promoting lab automation to enhance their research capabilities for developing biomedical labs and improving healthcare outcomes. The market players operating in the EMEA region are focusing on introducing new lab-automated systems for drug discovery and disease diagnosis. For instance, in March 2022, Beckman Coulter Life Sciences, and Danaher Corporation, introduced a powerful CellMek SPS solution to manual sample preparation and data management in clinical flow cytometry. Moreover, the government worldwide has been funding research and development of lab automation technologies is expected to accelerate the widespread adoption of lab automation solutions from the pharmaceutical and biotech industries.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Lab Automation Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Lab Automation Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Lab Automation Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, Accuris Instruments, Agilent Technologies, Inc., Aurora Biomed Inc., Automata Technologies Limited, Awareness Technology, Inc., Azenta Life Sciences, Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Biochrom by Harvard Bioscience, Inc., Biohit Oyj, bioMérieux SA, BMG Labtech GmbH, Brooks Automation, Inc., Bruker Corporation, Byonoy GmbH, Cerner Corporation by Oracle Corporation, Corning Incorporated, CTK Biotech, Inc., Danaher Corporation, Dendi, Inc., Dynex Technologies, Inc., Endress+Hauser Group Services AG, Enzo Life Sciences, Inc., Eppendorf SE, F. Hoffmann-La Roche Ltd., Formulatrix, Inc., General Biologicals Corporation, Hamilton Company, Hudson Robotics, Inc., JASCO Corporation, Labguru, LabVantage Solutions Inc., LabWare, Inc., LigoLab Information System, Mecademic Robotics, Merck KGaA, Orchard Software Corporation, PerkinElmer Inc., Promega Corporation, QIAGEN GmbH, Rayto Life and Analytical Sciences Co.,Ltd., Siemens AG, Strateos, Inc., Synchron Lab Automation, Tecan Trading AG, Thermo Fisher Scientific Inc., TPA Motion, LLC, Uncountable Inc., and Waters Corporation.

Market Segmentation & Coverage

This research report categorizes the Lab Automation Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Equipment
Automated Liquid Handlers

Automated Plate Handlers

Automated Storage & Retrieval

Robotic Arms

Services

Software
Chromatography Data System

Electronic Lab Notebook

Laboratory Information Management System

Laboratory Information System

Scientific Data Management System

Automation Type
Modular Automation

Total Lab Automation

Application
Clinical Diagnostics

Drug Discovery

Genomics

Microbiology

Proteomics

End User
Biotechnology & Pharmaceutical Companies

Hospitals & Diagnostic Laboratories

Research & Academic Institutes

Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas

Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam

Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Lab Automation Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Lab Automation Market?
3. What are the technology trends and regulatory frameworks in the Lab Automation Market?
4. What is the market share of the leading vendors in the Lab Automation Market?
5. Which modes and strategic moves are suitable for entering the Lab Automation Market?

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