Global Laboratory AutomationMarket
The global laboratory automationmarket is estimated to be worth over USD 9.5Bnin 2033 and is expected to grow at CAGR of 5.5% during the forecast period (2024-2033). Laboratory automation is a revolutionary approach redefiningconventional laboratory processes by integrating advanced technologies to carry outdaily tasks with minimum human intervention. This global market is experiencingsubstantial growth, accelerated by numerous driving factors. The soaring demand for high-throughput screening, efficiency, and accuracyin laboratory operations is a leading catalyst for the adoption of automation solutions across several industries, including pharmaceuticals, biotechnology, and healthcare. Technological advancements, including robotics, artificial intelligence, and sophisticated software, holds a crucial role in improving precision and reproducibility, ultimately maximizing research workflows.
Key players in the laboratory automation market are contributing to its dynamism. Companies such as Thermo Fisher Scientific, known for its innovative solutions, provideaextensivearray of automated systems for various laboratory applications. Danaher Corporation, with subsidiaries like Beckman Coulter, stands out in offeringleading-edge automation technologies. PerkinElmer Inc. is another eminent player, delivering integrated automation solutions to align laboratory processes. These industry leaders continually invest in research and development, introducing advanced automation platforms that cater to the developing needs of laboratories across the world.
The global laboratory automation market is further persuaded by the soaringfocus on data integrity, accordance with regulatory standards, and the quest of swift and precise results. As laboratories seek to maximize workflows and mitigate operational costs, the adoption of automation technologies becomes integral, locating this market in the lead of technological innovation in scientific research and experimentation.
The market report presents an in-depth analysis, highlighting the capabilities of various stakeholders engaged in this industry, across different geographies. Amongst other elements, the market report includes:
A preface providing an introduction to the full report, Laboratory Automationmarket, 2023-2033.
An outline of the systematic research methodology adopted to conduct the study on Laboratory Automationmarket, providing insights on the various assumptions, methodologies, and quality control measures employed to ensure accuracy and reliability of our findings.
An overview of economic factors that impact the overall Laboratory Automationmarket, including historical trends, currency fluctuation, foreign exchange impact, recession, and inflation measurement.
An executive summary of the insights captured during our research, offering a high-level view of the current state of the Laboratory Automationmarket and its likely evolution in the mid-to-long term.
A brief introduction to the Laboratory Automation, highlighting their historical background, as well as information on their types, key aspects, key challenges and the advantages of using Laboratory Automation.
A detailed assessment of the market landscape of Laboratory Automationthat are either approved or being evaluated in different stages of development, based on several relevant parameters, such as By Process (Continuous Flow (By Workflow (Sequential Processing, Parallel Processing), By Components (Consumables, Equipment), Discrete Processing (By Method (Centrifugal Discrete Processing, Random Access Discrete Processing), By Components (Consumables, Equipment), By Workflow (Dependent Analysis, Independent Analysis), By Automation Type (Total Automation Systems (By Steps (Pre-analysis (Centrifugation, Sample Preparation, Sample Sorting (Transport Mechanisms, Liquid Handling, Sample Storage, Sample Analysis), Modular Automation Systems (By Steps (Specimen Acquisition & Identification & Labelling, Transport Mechanisms, Sample Preparation, Sample Loading & Aspiration, Reagent Handling & Storage, Sample Analysis & Measurements), By End-Use (Photometry & Fluorometry, Immunoassay Analysis, Electrolyte Analysis, Other end-uses, Clinical Chemistry Analysis). Further, the chapter features analysis on key niche market segments. In addition, the chapter features analysis of various Laboratory Automationdevelopers, based on their year of establishment, company size, location of headquarters and most active players.
An in-depth analysis of partnerships and collaborations that have been inked between various stakeholders, since 2019, based on several relevant parameters, such as the year of partnership, type of partnership, focus of partnership, purpose of partnership, therapeutic applications and most active players (in terms of number of partnerships). It also highlights the regional distribution of partnership activity in this market.
A detailed analysis of various investments made by companies engaged in this industry, since 2019, based on several relevant parameters, such as year of funding, type of funding (grants, seed, venture capital, initial public offering, secondary offerings, private equity and debt financing), type of HPAPIs, amount invested, geography, purpose of funding, stage of development, therapeutic area, most active players (in terms of number and amount of funding instances) and leading investors (in terms of number of funding instances).
An in-depth analysis of the various Laboratory Automationfocused initiatives undertaken by big market players, based on several relevant parameters, such as number of initiatives, year of initiative, type of initiative, purpose of initiative, focus of initiative and location of headquarters of the big pharma players.
One of the key objectives of this market report was to estimate the current market size and the future growth potential of the Laboratory Automationover the forecast period. Based on several parameters, such as regional analysis as well as segmental analysis rates, we have developed informed estimates of the likely evolution of the Laboratory Automationmarket over the forecast period 2023-2033. Our year-wise projections of the current and future opportunity have further been segmented based on relevant parameters, such as By Process (Continuous Flow (By Workflow (Sequential Processing, Parallel Processing), By Components (Consumables, Equipment), Discrete Processing (By Method (Centrifugal Discrete Processing, Random Access Discrete Processing), By Components (Consumables, Equipment), By Workflow (Dependent Analysis, Independent Analysis), By Automation Type (Total Automation Systems (By Steps (Pre-analysis (Centrifugation, Sample Preparation, Sample Sorting (Transport Mechanisms, Liquid Handling, Sample Storage, Sample Analysis), Modular Automation Systems (By Steps (Specimen Acquisition & Identification & Labelling, Transport Mechanisms, Sample Preparation, Sample Loading & Aspiration, Reagent Handling & Storage, Sample Analysis & Measurements), By End-Use (Photometry & Fluorometry, Immunoassay Analysis, Electrolyte Analysis, Other end-uses, Clinical Chemistry Analysis), by key geographical regions (North America, Europe, Asia-Pacific, Middle East and Africa, and South America) and leading players. In order to account for future uncertainties associated with some of the key parameters and to add robustness to our model, we have provided three market forecast scenarios, namely conservative, base, and optimistic scenarios, representing different tracks of the industry’s evolution.