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Lab Automation Market Forecast, Overview Of Research Report and Analysis by 2028

September 6, 2021

The global lab automation is expected to reach a market size of USD 6.39 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. The report provides detailed insights into lab automation trends, industry trends, consumer trends, market size, market share, market revenue growth, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in lab automation size over the forecast period, 2020–2028. The Laboratory Automation Systems report includes profiles of major players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.

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In addition, implementation of favorable government policies, advancements in technology, and steady economic growth across various regions and countries are factors expected to continue to result in further lab automation trend evolution and changes going ahead. Laboratory automation systems are playing a key role in optimizing and maximizing the accuracy of laboratory test results and reducing human errors, while simultaneously ensuring that tests are conducted fast and efficiently. A key factor driving increasing demand for laboratory automation systems is that adoption helps laboratories to reduce manual efforts and work, as automation solutions can finish many testing processes that would otherwise require a considerable amount of manual effort and time. Varying market trends can be attributed to inclining revenue growth of the global lab automation going ahead. lab automation trends include rising focus by major players on product/service expansion into new and untapped domestic markets and rising competition. Other positive lab automation trends include rising demand and deployment in respective sectors/industries in major and developing countries.

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In terms of lab automation share and revenue contribution to the global lab automation, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in lab automation share.

The market intelligence report on the Laboratory Automation Systems Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.

Further Key Findings in the Report:

In February 2020, Tecan launched Rapid EZ DNA-Seq library preparation kit, which is an end-to-end solution for PCR-free generation of NGS libraries in just 2.5 hours. The kit uses Tecan’s robust enzymatic DNA fragmentation and DimerFree library construction technologies, which eliminates the need for tedious optimization regardless of input amount.
In August 2019, Agilent acquired BioTek Instruments. The acquisition helped Agilent to expand its presence and expertise in cell analysis as well as create a robust position in large and growing immuno-oncology and immunotherapy areas.
The market in Europe accounted for second-largest revenue share of 25.2% in 2020. Key driving factors include rising focus on laboratory research and increasing funding by investors and international organizations.
Key players operating in the market are Tecan Group., PerkinElmer, Thermo Fisher Scientific, Agilent Technologies, Danaher Corporation, F. Hoffmann-La Roche, QIAGEN N.V., Siemens Healthineers, Eppendorf AG, bioMérieux, and Abbott.

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Region wise performance of the Laboratory Automation Systems industry

North America lab automation trend scenario has significant impact on other regional market trends. North America lab automation accounted for largest revenue share in 2020 and is expected to continue to maintain its dominance over other regional markets over the forecast period. Presence of major players in countries in the region is a key factor driving steady change in overall lab automation trends.

Asia Pacific lab automation is expected to register comparatively faster revenue growth than other regional markets over the forecast period. This can be attributed to varying lab automation trend scenarios in countries such as China, India, South Korea, and others. These scenarios with regard to domestic market trends and international market trends and varying impacts play a major role in growth of the Asia Pacific market.

Asia Pacific market share contribution to the global lab automation is expected to continue to register comparatively faster growth rate than other regional markets between 2020 and 2028. Increasing population, favorable government policies and initiatives, rising disposable income among consumers in countries in the region, influence of lab automation trends in other countries and regions, and steady economic growth are some key factors driving market revenue growth of the Asia Pacific lab automation.

Europe lab automation size and revenue growth is primarily supported by lab automation trends such as continuous developments in major countries in the region, robust focus on research and development initiatives by major firms, and changing market trends in countries in other major regions.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

United States
Europe
China
Japan
Southeast Asia
India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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The research provides answers to the following key questions:

What will be the growth rate and the market size of the Laboratory Automation Systems industry for the forecast period 2020-2027?
What are the major driving forces expected to impact the development of the lab automation across different regions?
Who are the major driving forces expected to decide the fate of the Laboratory Automation Systems industry worldwide?
Who are the prominent market players making a mark in the lab automation with their winning strategies?
Which Laboratory Automation Systems industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the lab automation?

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