Lab automation is defined as the use of technology to streamline or substitute manual manipulation of equipment and processes. The degree of automation that any lab requires depends on its workflow. While an academic research lab may prefer to use only some instruments in order to increase productivity and reduce the time spent on a tedious task, a drug discovery unit in a pharmaceutical company will perhaps need to automate all of its research phases.
Top 5 Key Factors Impacting The Growth Of Lab Automation Market:
1 Benefits of Lab Automation
2 Rising Geriatric Population
3 Miniaturization of Processes
4 Progressing Markets of Drug Discovery and Diagnostics
5 Government Funding for Biotech and Drug Discovery Research
Latest Opportunities In Global Lab Automation:
1 Emerging Markets Provide an Array of Opportunities to Market Players
2 Wide Scope and Increasing Adoption in Microbiology
3 Biobanking Applications
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The automated workstation segment is expected to account for the largest share of the lab automation market. The high demand for automation in liquid handling is the key factor driving market growth in this segment. Automated workstations offer advantages such as enhanced accuracy, and reduced time and cost.
Premium Insights Of Global Lab Automation Market:
1 Lab Automation Market Overview
2 Europe Lab Automation Market: By Application and Countries
3 Global Lab Automation Market: Geographic Mix
4 Global Lab Automation Market: Developing vs Developed Regions
5 Global Lab Automation Market: Geographic Snapshot
Competitive Landscape:
1 Product Launches and Enhancements
2 Agreements and Collaborations
3 Acquisitions
4 Expansions
5 Other Developments
[235 Pages Report] The global lab automation market is expected to reach USD 5.20 Billion by 2022 from USD 4.06 Billion in 2017, at a CAGR of 5.1%.
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