Lab automation or Laboratory automation is a multi-disciplinary strategy to develop, research and optimize technologies in the clinical laboratory. The application of this technology in laboratories helps to achieve higher levels of performance in less time. Laboratory automation aids increasing productivity, reducing lab process cycle times, elevating experimental data quality and enabling easy experimentation. Moreover, the system includes development of the laboratory information (management) systems (LIS/LIMS) and improvement of pre and post-analytic automation. The application of this technology in laboratories is to achieve higher levels of performance and eliminates human errors..
The "Global Lab Automation Market Analysis to 2028" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of the lab automation market with detailed market segmentation equipment, software, application, and geography. The report provides key statistics on the market status of the leading lab automation market players and offers key trends and opportunities in the market.
- Based on equipment, the market is segmented as automated workstations, microplate readers, robotic systems, off-the-shelf automated workcells, automated storage & retrieval systems (ASRS) and others.
- On the basis of software, the global lab automation market is segmented into laboratory execution systems (LES), laboratory information management systems (LIMS), electronic laboratory notebooks (ELN) and scientific data management systems (SDMS).
- On the basis of application, the market is segmented into clinical diagnostics, drug discovery, proteomics solutions, genomics solutions, microbiology solutions and others.
- High demand for lab automation equipment in clinical diagnostics & drug discovery and need for process miniaturization.
- Increased R&D investments in pharmaceutical industries
- Standardization of workflows.
- Slow adoption of automation among small and medium-sized laboratories.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The lab automation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the lab automation market in these regions.
IMPACT OF COVID-19 ON LAB AUTOMATION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The global outbreak of COVID-19 has impacted all the industries.
The COVID-19 pandemic has placed diagnostic laboratories under intense pressure, with teams increasing capacity and rapidly expanding testing menus, while facing staff shortages and the need to maintain safe and socially distanced working environments.
Among the diagnostic laboratories most successful at minimizing disruption and even thriving in these challenging conditions are those that have embraced workflow automation. The flexibility automated solutions offer has allowed forward-thinking laboratories to quickly return to near-full productivity, while operating in accordance with local social distancing requirements. And when restrictions are lifted and staff can return, these laboratories will be ideally placed to use their automated workflows to further extend their capabilities.
COVID-19 has forced diagnostic laboratories to scale up services and expand testing capabilities, placing additional demands not only on physical infrastructure but also data management systems. Expanding high-throughput testing capabilities without scaling workflows in the digital space can limit the efficiencies automation offers and potentially compromise the integrity of results. Amid a global pandemic, errors in processing test results could have serious consequences for the spread of the disease and erode public trust in testing measures.
The report covers key developments in the lab automation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from lab automation market are anticipated to lucrative growth opportunities in the future with the rising demand for lab automation in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the lab automation market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Thermo Fisher Scientific
- Beckman Coulter, Inc
- Hudson Robotics
- Agilent Technologies, Inc
- Siemens Healthineers
- F. Hoffmann-La Roche Ltd
- PerkinElmer Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
The List of Companies
1. Thermo Fisher Scientific
2. Beckman Coulter, Inc
3. Hudson Robotics
5. Agilent Technologies, Inc
6. Siemens Healthineers
7. F. Hoffmann-La Roche Ltd
8. PerkinElmer Inc.
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