As per the latest report by IMARC Group, entitled “Laboratory Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on laboratory automation market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global laboratory automation market size reached US$ 6.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.4 Billion by 2028, exhibiting a growth rate (CAGR) of 7.3% during 2023-2028.
Laboratory automation involves using technology and instruments to streamline and enhance laboratory processes, reducing manual intervention and improving efficiency. It encompasses tasks like sample handling, analysis, data management, and reporting. Automation minimizes human errors, accelerates research, and enables high-throughput experimentation. This technology finds applications in various fields, from pharmaceuticals to diagnostics, enabling scientists to focus on complex tasks and analysis while achieving consistent and reliable results.
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Market Trends:
The global market is majorly driven by the rising need for increased efficiency and accuracy in laboratory processes. Automation reduces human errors, enhances precision, and accelerates experiments, optimizing workflows and research outcomes. Furthermore, the growing demand for high-throughput screening and analysis in industries such as pharmaceuticals, biotechnology, and drug discovery fuels the adoption of automation. Automated systems enable rapid testing of large sample sizes, leading to quicker data acquisition and improved decision-making. Besides, continuous advancements in technology play a pivotal role. Robotics, AI, and machine learning are integrated into laboratory automation systems, enabling more complex tasks and data analysis. This integration enhances the capabilities of automated platforms, making them indispensable tools in modern research. Moreover, the shortage of skilled labor in certain regions has pushed organizations to adopt automation to address the skills gap. Automated processes require fewer personnel, reducing the dependency on highly skilled technicians. Additionally, the regulatory pressures and the need for data integrity and traceability encourage laboratories to adopt automated systems to ensure compliance and maintain accurate records. The COVID-19 pandemic highlighted the significance of automation in diagnostics and research. Laboratories worldwide turned to automation to increase testing capacities and accelerate vaccine development, further boosting the market.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Danaher
- PerkinElmer
- Tecan Group
- Thermo Fisher
- Abbott Diagnostics
- Agilent Technologies
- Aurora Biomed
- Becton Dickinson
- BioMérieux
- Biotek Instruments
- Brooks Automation
- Cerner
- Eppendorf
- Hamilton Storage Technologies
- LabVantage Solutions
- Labware
- Olympus
- Qiagen
- Roche Holding
- Siemens Healthcare
Laboratory Automation Market Segmentation:
Our report has categorized the market based on region, type, equipment/software type and end use.
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-Users:
- Biotechnology
- Pharmaceutical Companies
- Hospitals and diagnostic laboratories
- Research and academic institutes
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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