Lab Automation Market Revenue and Value Chain 2015-2025
Future Market Insights has announced the addition of the “Lab Automation Market Global Industry Analysis and Opportunity Assessment 2015 - 2025" report to their offering.
Laboratory automation system comprises of automated lab instruments, devices and software algorithms which provides benefits such as increased productivity, reduced cycle time, improved workflow coverage and enhanced data quality. Laboratory automation is known as the use of technology to rationalize or substitute manual handling of equipment and processes. The manual laboratory procedures process fewer samples at a slower rate. The laboratory automation and robotic products are provided in customized form and according to the requirement of specific laboratories or researcher. According to some industry experts the two aspectspreferred by customers are higher throughput to screen more samples/plates or want to automate the high precision part of their manual work.Therefore, lab automation becomes essential in laboratories for handling high volumes of sample at pretty faster rate. This system offers streamlined solution to lab procedures such as centrifugation, decapping, aliquoting, sorting, recapping, etc.
The applications market for lab automation is segmented into – pharmaceutical, clinical diagnostics, biotechnology, food and agriculture, contract research organizations and academia. Forensic, food and agriculture, genomics and proteomics are the application areas which promise to fuel the growth of this market in the future and thereby broadening the market. A particular trend observed in this market is growing influence of automation is expanding from genomics to proteomics because proteomics market requires to increase throughput, create new solutions to improve reproducibility and boost sensitivity for the purification and separation.
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The global market is poised to grow further owing to drivers such as shortage of skilled lab personnel in developed countries, cost effectiveness than manual lab procedures, government and corporate funding in biotech research, increasingly stringent control on research activities by regulatory bodies such as USFDA in healthcare. The major advantages of laboratory automation and the growing emergence of robotics have helped associated scientists and technicians to achieve complex processes in
comparatively less time and in low operation cost. Some of the industry experts also emphasize on low error rates especially in a scientific paper or drug development process where precision is important factor.
Global lab automation market is segmented on the basis of equipment/software as automated liquid handling, microplate readers, robotics, automated storage and retrieval system, software and laboratory information system and others. Based on the type of automation, the market is segmented in two segments as - modular automation and total lab automation. Total lab automation provides automation from beginning to the end of the laboratory process, while the modular automation approach provides task specific automation.
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North America was the largest market leading in spite of stringent USFDA regulations and pre-marketing approvals. North American and Europe market leads the global lab automation market because of increasing adoption of lab automation systems by research labs, pharmaceutical and biotechnology companies, clinical diagnostics, clinical research institutes, and contract research organizations.Lab automation is a leading laboratory solution in markets such as USA, Canada, Europe and Japan.Asia - Pacific and Latin American countries represent emerging markets, due to a rise in research outsourcing by leading pharmaceutical companies, growing industry demand for accreditation and standardization and rise in biotechnology sector investment.
Some of the key players in the lab automation market are Abbott Diagnostics, Biotek Instruments Inc., Agilent Technologies, Perkinelmer Inc., Roche Holding AG, Thermo Fisher Scientific Inc., Siemens Healthcare, Beckman Coulter Inc., Hamilton Robotics, Labware Inc. and TECAN.
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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature.
Sep 09, 2016