Global Lab Automation Market Analysis By Type (Instrumentation, Sample Handling, Workflow Management, Data Management, Quality Control, Integration and Connectivity) By Application & Forecast
- PUBLISHED ON
- 2024-06-08
- NO OF PAGES
- 280
- CATEGORY
- Healthcare & Life Sciences
In 2022, the global lab automation market was valued at approximately USD 5.1 billion, and it is projected to rich USD 7.1 Billion by 2033, growing at a compound annual growth rate (CAGR) of 8.7% from 2023 to 2033. The market started at a value of USD 5.1billion in 2022 and USD 7.1billion in 2033.
Lab automation allows for high-speed and continuous processing of samples, leading to a significant increase in throughput. Automated systems can handle a large number of samples simultaneously, reducing the time required for analysis and increasing overall productivity. Automation minimizes human errors and variability in laboratory workflows. Automated instruments and robotics perform tasks with a high level of accuracy and precision, reducing the risk of manual errors, such as pipetting mistakes or sample mix-ups. This leads to more reliable and reproducible results. Automation ensures consistent and standardized procedures, which helps improve data quality. Automated systems can precisely control parameters and conditions, reducing variations and ensuring that experiments are performed under the same conditions every time. This enhances the reliability and comparability of data generated in different experiments.
Report Scope:
Report Attributes | Description |
Market forecast in 2022 | USD 5.1 Billion |
Market forecast in 2033 | USD 7.1 Billion |
CAGR% 2023-2033 | 8.7 % |
Base year | 2022 |
Historic data | 2020-2021 |
Forecast period | 2023-2033 |
Report USP | Product, End User, company share, company heat map, company capacity, technology, product capacity, growth factors and more |
Key Companies
| Abbott; Thermo Fisher Scientific; Siemens Healthineers; Agilent Technologies; PerkinElmer; QIAGEN; Hamilton Company; Tecan Group; Danaher Corporation; Hudson Robotics Inc; Others |
Global Lab Automation Market: Key Trends
• Modular lab automation: We explore the growing adoption of modular automation systems that offer flexible and customizable solutions to meet specific laboratory needs. These systems enable laboratories to easily integrate automated processes into their workflows.
• Leadership by smaller lab automation vendors: We highlight the emergence of smaller vendors who are driving innovation in the lab automation industry. These agile companies are introducing novel technologies and solutions that cater to the unique requirements of laboratories.
• Digitization of records: We discuss the ongoing digitization of laboratory records and data management processes. The shift towards digital platforms and electronic documentation enhances data accessibility, traceability, and analysis capabilities, leading to improved efficiency and collaboration.
Global Lab Automation Market: Regional analysis
North America
In 2020, the lab automation market was dominated by North America, capturing the largest share of revenue at 36.4%. This regional dominance is projected to continue throughout the forecast period. The strong presence of a well-established healthcare infrastructure in North America has led to increased adoption of lab automation systems. Furthermore, the region benefits from the presence of major industry players and a supportive reimbursement framework, which further drives the penetration of innovative solutions in the market.
Asia Pacific
In the Asia Pacific region, a remarkable compound annual growth rate (CAGR) of 9.9% is anticipated during the forecast period. This significant growth can be attributed to the escalating demand for lab automation in emerging economies such as China and India. The increasing focus of regional and international companies on providing accessible lab automation solutions in these promising markets has also contributed to the lucrative growth in this region.
Middle East and Africa (MEA)
The Middle East and Africa (MEA) market are expected to experience positive influences driven by factors such as a high disease burden and the availability of health insurance. Moreover, the governments of Saudi Arabia and UAE have undertaken initiatives to enhance healthcare infrastructure, which is anticipated to further fuel the demand for lab automation solutions in the MEA region.
Global Lab Automation Market: Segmentation
• Instrumentation
• Sample Handling
• Workflow Management
• Data Management
• Quality Control
• Integration and Connectivity
Global Lab Automation Market: Recent Development
• In April 2022, Strateos, Inc., a company at the forefront of remote access laboratories and lab automation software for life science research, introduced an integrated solution designed to accelerate small molecule discovery programs. This solution offers a faster and automated approach to conducting Design, Make, Test, and Analyze (DMTA) cycles.
• In March 2022, Biosero, a subsidiary of BICO and a developer of laboratory automation solutions, launched several new products and features as part of their Green Button Go software suite. These additions provide enhanced capabilities to help customers optimize their automated lab systems, ensuring streamlined processes and improved outcomes. Biosero's Green Button Go software empowers scientists to automate workflows across single workstations or multiple laboratories.
Global Lab Automation Market: Impact of covid-19
The local surge in COVID-19 cases had a significant effect on laboratory operations, leading to notable changes in testing patterns. While there was a rise in the volume of COVID-19related diagnostic and management tests, including some with limited evidence, overall testing volumes decreased substantially. In times of events like the COVID-19 pandemic, closely monitoring such patterns can provide valuable insights for laboratory management, staffing, and making recommendations for test stewardship. This data-driven approach helps in efficiently managing resources and ensuring the availability of necessary supplies.
Global Lab Automation Market: Company profiles
• Abbott
• Thermo Fisher Scientific
• Siemens Healthineers
• Agilent Technologies
• PerkinElmer
• QIAGEN
• Hamilton Company
• Tecan Group
• Danaher Corporation
• Hudson Robotics Inc.
Global Lab Automation Market: Regional Scope
North America
• U.S
• Canada
• Mexico
Europe
• U.K
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• Chain
• India
• Japan
• South Korea
• Australia
• Rest of Asia pacific
South America
• Brazil
• Argentina
• Rest of south America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
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