{"product_id":"laboratory-automation-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","title":"Laboratory Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028","description":"\u003cp\u003eLaboratory Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028\u003c\/p\u003e\n\n\u003cp\u003eThe 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.\u003c\/p\u003e\n\n\u003cp\u003eLaboratory automation can be defined broadly as any device, software or process that requires minimal human intervention and improves the efficiency of the laboratory. Laboratory automation may include the use of robots, conveyors, software, machine vision, etc.\u003c\/p\u003e\n\n\u003cp\u003eLaboratory automation has played a major role in saving time, reducing costs, eliminating human error and improving the efficiency of experiments. As a result, automation has moved past the “nice to have” to the “must have” in the modern laboratory. Laboratory teams today are continually looking for ways to increase their efficiency and improve the long-term value of their operations. Organisations are now adopting laboratory automation solutions to enhance their work and maximize the efficiency of their testing processes.\u003c\/p\u003e\n\n\u003cp\u003eMarket Drivers:\u003c\/p\u003e\n\n\u003cp\u003eLaboratory automation is playing a major role in maximizing the accuracy of laboratory results and minimizing human errors to ensure that work is completed efficiently. It also enables the laboratory to deliver the reports quickly ensuring that actionable data is available on a short notice for review.\u003cbr\u003e\nAutomation is also enabling laboratories to reduce manual work. Automation solutions can complete many testing processes that would otherwise require significant amount of manual work. Labor costs account for a significant share of the total laboratory costs. Moreover, automation systems improve the productivity of labs and reduce the increase in costs that may arise due to wastage.\u003cbr\u003e\nThe application of automation systems has also led to a significant increase in the productivity of the drug discovery process. These systems can operate for long hours with minimal monitoring and instruction. They also allow more time for researchers to focus on their core work and reduce their time on repetitive tasks\u003cbr\u003e\nAutomated testing solutions enable the ideal ways to protect data and ensure that it is easily available for lab teams. These systems also improve productivity of lab teams as they can track everything that happens to a sample, enabling them to view its entire history.\u003c\/p\u003e\n\n\u003cp\u003eKey Market Segmentation:\u003cbr\u003e\nIMARC Group provides an analysis of the key trends in each sub-segment of the global laboratory automation market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type, equipment and software type and end-user.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Type:\u003c\/p\u003e\n\n\u003cp\u003eModular Automation\u003cbr\u003e\nWhole Lab Automation\u003cbr\u003e\n \u003cbr\u003e\nBased on the type, the market has been segmented into modular automation and whole lab automation. Modular automation currently dominates this market.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Equipment and Software Type:\u003c\/p\u003e\n\n\u003cp\u003eAutomated Clinical Laboratory Systems\u003cbr\u003e\nWorkstations\u003cbr\u003e\nLIMS (Laboratory Information Management Systems)\u003cbr\u003e\nSample Transport Systems\u003cbr\u003e\nSpecimen Handling Systems\u003cbr\u003e\nStorage Retrieval Systems\u003cbr\u003e\nAutomated Drug Discovery Laboratory Systems\u003cbr\u003e\nPlate Readers\u003cbr\u003e\nAutomated Liquid Handling Systems\u003cbr\u003e\nLIMS (Laboratory Information Management Systems)\u003cbr\u003e\nRobotic Systems\u003cbr\u003e\nStorage Retrieval Systems\u003cbr\u003e\nDissolution Testing Systems\u003cbr\u003e\n \u003cbr\u003e\nBased on the equipment\/software type, the market has been segmented into automated clinical laboratory systems and automated drug discovery laboratory systems. Currently, automated clinical laboratory systems represents the larger segment. The automated clinical laboratory systems have been further segmented into automated workstations, LIMS, sample transport systems, specimen handling systems and storage retrieval systems. Similarly, the automated drug discovery laboratory systems have been further segmented into automated plate readers, automated liquid handling systems, LIMS, robotics, storage retrieval systems and dissolution testing systems.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by End-User:\u003c\/p\u003e\n\n\u003cp\u003eBiotechnology and Pharmaceutical Companies\u003cbr\u003e\nHospitals and Diagnostic Laboratories\u003cbr\u003e\nResearch and Academic Institutes\u003cbr\u003e\n \u003cbr\u003e\nBased on the end-users, the market has been segmented into biotechnology and pharmaceutical companies; hospitals and diagnostic laboratories; and research and academic institutes.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Region:\u003c\/p\u003e\n\n\u003cp\u003eNorth America\u003cbr\u003e\nAsia-Pacific\u003cbr\u003e\nEurope\u003cbr\u003e\nLatin America\u003cbr\u003e\nMiddle East and Africa\u003cbr\u003e\n \u003cbr\u003e\nRegion-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Amongst these, North America is the biggest market\u003c\/p\u003e\n\n\u003cp\u003eCompetitive Landscape:\u003cbr\u003e\nThe competitive landscape of the market has also been examined with some of the key players being Danaher, PerkinElmer, Tecan Group, Thermo Fisher, Abbott Diagnostics, Agilent Technologies, Aurora Biomed, Becton, Dickinson and Company, Biomatrix, Biotech Instruments, Brooks Automation, Cerner, Eppendorf, Hamilton Storage Technologies, LabVantage Solutions, Labware, Olympus, Qiagen, Roche Holding, Siemens Healthcare, etc.\u003c\/p\u003e\n\n\u003cp\u003eThis report provides a deep insight into the global laboratory automation market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the laboratory automation industry in any manner.\u003c\/p\u003e\n\n\u003cp\u003eKey Questions Answered in This Report\u003c\/p\u003e\n\n\u003cp\u003e1. What was the global laboratory automation market size in 2022?\u003cbr\u003e\n2. What will be the global laboratory automation market outlook during the forecast period (2023-2028)?\u003cbr\u003e\n3. What are the global laboratory automation market drivers?\u003cbr\u003e\n4. What are the major trends in the global laboratory automation market?\u003cbr\u003e\n5. What is the impact of COVID-19 on the global laboratory automation market?\u003cbr\u003e\n6. What is the global laboratory automation market breakup by type?\u003cbr\u003e\n7. What is the global laboratory automation market breakup by equipment and software type?\u003cbr\u003e\n8. What is the global laboratory automation market breakup by end user?\u003cbr\u003e\n9. What are the major regions in the global laboratory automation market?\u003c\/p\u003e","brand":"Life Science","offers":[{"title":"March, 2023 \/ 126 Pages \/ MCW16236060","offer_id":47651430695218,"sku":null,"price":2999.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/laboratory-automation-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}