According to the report by Expert Market Research (EMR), the global laboratory automation market size is anticipated to witness substantial growth during the forecast period from 2024 to 2032. The market is expected to expand at a robust CAGR, driven by several factors such as technological advancements, increasing demand for improved efficiency in laboratories, and rising adoption of laboratory automation solutions across various end-user industries.
Laboratory automation refers to the integration of advanced technology and equipment to streamline and automate laboratory processes, thereby enhancing productivity, accuracy, and efficiency. Automation solutions encompass a wide range of instruments and software designed to automate tasks such as sample preparation, data analysis, and instrument operation, among others.
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The growing emphasis on precision and accuracy in laboratory operations, coupled with the rising need for high-throughput screening and analysis, is fueling the demand for laboratory automation solutions. Laboratories across industries such as pharmaceuticals, biotechnology, clinical diagnostics, and academic research are increasingly adopting automation to streamline workflows, minimize human errors, and accelerate the pace of research and development activities.
Technological advancements in robotics, artificial intelligence (AI), and machine learning are driving innovation in laboratory automation systems, enabling enhanced integration, flexibility, and customization. Automated liquid handling systems, robotic workstations, and laboratory information management systems (LIMS) are among the key automation technologies witnessing significant advancements, contributing to the growth of the market.
Moreover, the COVID-19 pandemic has further underscored the importance of laboratory automation in enabling rapid and efficient testing, analysis, and vaccine development. The unprecedented global health crisis has propelled investments in laboratory infrastructure and automation solutions to bolster diagnostic capabilities, drug discovery efforts, and research initiatives related to infectious diseases.
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Market Segmentation
The global laboratory automation market can be segmented based on type, application, end-user, and region.
Market Breakup by Type
- Automated Liquid Handling Systems
- Robotics and Microplate Readers
- Automated Storage and Retrieval Systems (AS/RS)
- Software and Informatics
- Others
Market Breakup by Application
- Drug Discovery
- Clinical Diagnostics
- Genomics
- Proteomics
- Sample Preparation
- Others
Market Breakup by End-User
- Pharmaceutical and Biotechnology Companies
- Clinical and Reference Laboratories
- Academic and Research Institutes
- Contract Research Organizations (CROs)
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The laboratory automation market is highly competitive and fragmented, with several prominent players leading the global market. Key market players are focusing on strategic initiatives such as mergers and acquisitions, partnerships, and product launches to strengthen their market presence and expand their product portfolios.
Some of the major players operating in the global laboratory automation market, as identified by Expert Market Research, include:
- Danaher Corp.
- Abbott
- PerkinElmer Inc.
- Tecan Trading AG
- Siemens Healthcare GmbH
- ThermoFisher Scientific Inc.
- Agilent Technologies, Inc.
- Others
These companies are focusing on innovation and product development to address the evolving needs of laboratories and capitalize on emerging opportunities in the global market. Additionally, strategic collaborations and partnerships with research institutions and end-users are anticipated to drive market growth and foster technological advancements in laboratory automation solutions.
The global laboratory automation market is poised for significant growth during the forecast period, driven by factors such as technological advancements, increasing demand for efficiency and accuracy in laboratory operations, and the rising adoption of automation solutions across various end-user industries. With continuous innovation and strategic collaborations, key market players are expected to strengthen their market presence and drive the adoption of laboratory automation solutions worldwide.
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