Global Laboratory Benchtop Automation Market 2018-2022
About Laboratory Benchtop Automation
Laboratory benchtop automation involves the useof compact laboratory equipment to automate repeatable manual tasks such as titration and dilution. Laboratory benchtop automation products are primarily used for saving cost and time.
Technavio’s analysts forecast the global laboratory benchtop automation market to grow at a CAGR of 6.15% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global laboratory benchtop automation market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of laboratory benchtop automation.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Laboratory Benchtop Automation Market 2018-2022
Technavio recognizes the following companies as the key players in the laboratory benchtop automation market: Agilent Technologies, Danaher, F. Hoffman-La Roche, PerkinElmer, QIAGEN, Thermo Fisher Scientific.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing importance of global conferences. As laboratory benchtop automation products have a targeted audience, the promotion of these products becomes a challenging task for the vendors. However, there is an emerging trend of vendors using traditional and alternative means to promote their products. One such channel for product promotion is the active participation of large and small-scale vendors at global product showcase conferences. These conferences are organized annually by non-profit organizations. Through the interactive scientific paper presentations conducted at these events, various end-users gain a better understanding of the laboratory automation processes. The biggest organization, supporting both small and large-scale automation is the SLAS, which was established in 2010 after a merger between the Association for Laboratory Automation and the Society for Biomolecular Sciences. Since its inception, the organization has organized”
According to the report, one of the major drivers for this market is Increasing product innovations. Due to the advances in electrical engineering, information technology, and instrumentation, technologically advanced products have emerged in the market, which are designed for the specific needs of the end-users. This is increasing the adoption of these products among the end-users. Compact instrument configuration, extended pipetting ranges, pre-validated and compliant protocols, and newer configurations are some of the prominent innovations in the global laboratory benchtop automation market. These innovations have generated significant demand for benchtop automation products from various end-user segments. Vendors have launched products in the market, which are focusing on improving laboratory productivity by automating repetitive tasks. For example, Agilent Technologies' BenchCel Workstation combines storage systems with microplate handling, and these can be modified depending on the requirement of the end-user. The device is configured with two, four, or six labware storage racks and can integrate up to four adjacent devices arrayed in a linear format. Also, the CELF system from Logos Biosystems is the world’s first automated cell culture system developed. It is used in various laboratories for automating cell passage, media exchange, and image capturing. Automated cell culture has numerous applications. The CELF system also has customized settings, which reduce the amount of additional monitoring required in conventional cell culture systems.
Further, the report states that one of the major factors hindering the growth of this market is Inability of small and medium-scale laboratories to adopt automation solutions. Medium and small-scale laboratories handle fewer sample volumes per day and are mostly set up to address specific applications. These laboratories have budget constraints, a small staff, and inefficient planning procedures. Therefore, these labs never take automation as a priority, and hence, display consistent inability to shift to fully automated lab solutions. Lack of floor space is also an issue and automating every process would require space, which in turn, can cramp up the space required for the researchers and other key equipment.
F. Hoffman-La Roche
Thermo Fisher Scientific
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook