Medical Equipment

Global Laboratory Automation Systems Market Overview And Prospects

December 2, 2021 by The Business Research Company

Learn about the global laboratory automation systems market through The Business Research Company, which provides information on laboratory automation systems market size, laboratory automation systems market drivers and restraints, laboratory automation systems market players, the COVID-19 impact on the laboratory automation systems market, and more.

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The global laboratory automation systems market is expected to grow from $4.85 billion in 2020 to $5.2 billion in 2021 at a compound annual growth rate (CAGR) of 7.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The laboratory automation systems market is expected to reach $6.4 billion in 2025 at a CAGR of 5.3%.

Increased demand for microbiology testing and standardization of sample-collection devices for microbiology culture are expected to drive innovation in laboratory automation systems manufacturing, thus driving the market during the forecast period.

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The laboratory automation systems market consists of sales of laboratory automation systems and related services. The laboratory automation system speedup the processes such as, drug discovery, vaccine production, and others. Laboratory automation systems include clinical laboratory machines, equipment, and instruments, which analyze and automate many samples in the laboratory with minimal human intervention. The laboratory automation system market includes robots, conveyors, computer hardware & software, machine vision and others.

Global laboratory automation systems market segments include:

By Equipment & Software: Automated Liquid Handling, Microplate Readers, Standalone Robots, Automated Storage And Retrieval Systems, Software And Informatics, Other Equipment

By Application: Drug Discovery, Clinical Diagnostics, Genomics Solutions, Proteomics Solutions, Other Applications

By End User: Biotechnology And Pharmaceutical Industries, Research Institutes, Hospitals And Private Labs, Academic Institutes

By Type: Modular Automation, Total Lab Automation

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The hospital laboratories are increasingly adopting RFID technology for laboratory automation systems due to its better productivity and product quality, reduced costs for technology, error reduction, faster delivery of samples and reduced human intervention. Radio Frequency Identification (RFID) technology is an automatic system of identification based on wireless communication, consisting of a tag and a reader which can communicate through radio frequency. RFID technology is similar to bar code technology, but is more beneficial as it can perform some additional functions and actions automatically without human intervention than bar code technology. A RFID system is equipped with a transponder, transceiver, and a data processing unit to meet enhanced identification and tracking requirements in hospital laboratories. Laboratory automated systems use RFID tags attached with patient samples for identification, and smart cards to store patient’s data under a work station which monitors the process in the laboratory.

TBRC’s laboratory automation market report covers:

Major Market Players: Tecan Group, Perkinelmer, Thermo Fisher Scientific, Agilent Technologies, and Danaher.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Laboratory Automation Systems Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides laboratory automation systems market overviews, analyzes and forecasts market size, share, laboratory automation systems market players, laboratory automation systems market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s laboratory automation systems market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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