Global Laboratory Automation Market 2015-2019
About laboratory automation
Laboratory automation is the use of technology and equipment in laboratories to conduct routine or tedious processes including state-of-the-art workflows in research, quality assurance, and diagnostics. The automation enables robust and faster throughput and analysis of a large number of samples at one go. Laboratory automation finds applications in the areas of both clinical testing and drug discovery; a laboratory automation system could either be a standalone or an integrated system.
Technavio's analysts forecast the global laboratory automation market to grow at a CAGR of 5.48% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global laboratory automation market for the period 2015-2019. To calculate the market size, the report covers revenue generated from its application in clinical laboratory and drug discovery laboratory.Technavio's report, Global Laboratory Automation Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Europe, and North America, It also presents the vendor landscape and a corresponding detailed analysis of the major vendors in the market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.
Thermo FisherOther prominent vendors
Becton, Dickinson and Co.
Hamilton Storage Technologies
Steady demand for laboratory automation in drug discovery and biomedical research
For a full, detailed list, view our reportMarket challenge
Reduced R&D investment in US
For a full, detailed list, view our reportMarket trend
Adoption of microfluidic chips
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Technavio Announces the Publication of its Research Report – Global Laboratory Automation Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Laboratory Automation Market: Danaher, PerkinElmer, Tecan Group and Thermo Fisher
Other Prominent Vendors in the market are: Abbott Diagnostics, Agilent Technologies, Aurora Biomed, Becton, Dickinson and Co., bioMérieux, Biotek Instruments, Brooks Automation, Cerner, Eppendorf, Hamilton Storage Technologies, LabVantage Solutions, Labware, Olympus, Qiagen, Roche Holding, Sartorius Stedim-Biotech, Siemens Healthcare, Sotax and Xtri
Commenting on the report, an analyst from Technavio’s team said: “The growing adoption of microfluidic chips or lab-on chips is one of the most significant engineering advances in recent years. Microfluidic chips are used in advanced biological research such as proteomics, genomics, and metabolic research. The global microfluidic chips market is growing because of their increased use in major laboratories worldwide. This is expected to drive the development of new laboratory automation systems over the next few years. This, in turn, should drive the growth of the global laboratory automation market during the forecast period.”
According to the report, the drug discovery market should experience slow growth as many pharmaceutical companies have cut down their R&D spending. However, this should not have a significant effect on the automation market in drug discovery laboratories as the need to streamline drug discovery and research processes continues. Automation systems help in identifying different compounds using various combinations in minimal time. They reduce the compound rejection rate through high-throughput screening. Even by having some part of the laboratory process automated, companies can significantly cut down costs and time incurred in drug discovery research.
Further, the report states that reduction in R&D investment will reduce the establishment of new R&D facilities for drug discovery and innovation, thus negatively affecting the demand for automation systems.
Danaher, PerkinElmer, Tecan Group, Thermo Fisher, Abbott Diagnostics, Agilent Technologies, Aurora Biomed, Becton, Dickinson and Co., bioMérieux, Biotek Instruments, Brooks Automation, Cerner, Eppendorf, Hamilton Storage Technologies, LabVantage Solutions, Labware, Olympus, Qiagen, Roche Holding, Sartorius Stedim-Biotech, Siemens Healthcare, Sotax, Xtri