Lab Automation Market Worth 5.48 Billion USD by 2021
PUNE, India, October 10, 2016 /PRNewswire/ --
According to a new market research report "Lab Automation Market by Equipment & Software (Robotic Arm, Microplate Readers, LIMS), Applications (Drug Discovery, Clinical Diagnostics), Type (Modular, Total Lab), & End Users (Biotechnology & Pharmaceuticals, Private Labs) - Global Forecasts to 2021" published by MarketsandMarkets, the global market is projected to reach USD 5.48 Billion by 2021 from USD 3.92 billion in 2016, at a CAGR of 6.9% from 2016 to 2021.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 186 market data Tables and 50 Figures spread through 230 Pages and in-depth TOC on "Lab Automation Market"
http://www.marketsandmarkets.com/Market-Reports/lab-automation-market-1158.html
Early buyers will receive 10% customization on this report.
The report provides a detailed overview of major drivers, restraints, challenges, opportunities, current market trends and strategies impacting the global market along with estimates and forecast of revenue.
Factors such as miniaturization of processes resulting in low reagent costs and high productivity, progressing drug discovery and clinical diagnostics, benefits of lab automation over traditional laboratory settings, government funding for biotech and drug discovery research, and shortage of laboratory professionals are the key drivers for the growth of the global Lab Automation Market. On the other hand, lack of planning for technology development, low priority for lab automation among small and medium-sized laboratories, and indefinite data interchange/communication standards are the major factors that are restraining the growth of the Lab Automation Market.
High potential emerging markets such as China, Japan, and Middle East represents significant growth opportunities for the key players in the Lab Automation Market. Further, the concern for reluctance to move from manual operations towards automation and lack of compatibility between systems across a laboratory may pose challenges to the growth of this market during the forecast period.
The global Lab Automation Market is segmented on the basis of equipment and software, applications, type, end users, and regions. By equipment and software, the market is categorized into automated liquid handling, microplate readers, software & informatics, standalone robots, automated storage & retrieval systems (ASRS), and other equipment & software. The automated liquid handling segment is expected to account for the largest share of the Lab Automation Market in 2016. This large share can be attributed to the high demand for automation in liquid handling.
On the basis of application, the Lab Automation Market is segmented into drug discovery, clinical diagnostics, genomics solutions, proteomics solutions, and other applications. The drug discovery application segment is expected to account for the largest share of the global Lab Automation Market in 2016. This large share can be attributed to the need for high-/ultra-high-throughput screening and reduced time-to-market for drugs.
North America is expected to account for the largest share of the Lab Automation Market in 2016. This region is estimated to account for the largest share of the tangential flow filtration market. In this region the increase in aging population, rising prevalence of lifestyle diseases, economy stimulus programs are driving the growth of the market. However, Asian countries are expected to witness a higher growth rate. Factors such as increasing healthcare investments, large population, improving public health awareness (leading to preventative care and hence more diagnostic tests), and rising demand for standardization and accreditation are creating significant growth for the Lab Automation Market in Asia.
Speak to our research experts:
http://www.marketsandmarkets.com/speaktoanalyst.asp?id=1158
Major players operating in the Lab Automation Market are Tecan Group Ltd. (Switzerland), PerkinElmer Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), and Danaher Corporation (U.S.).
Browse Related Reports:
Lab Accessories Market by Type (Label Printer/ Pipette tips/ Pumps/Microplate/Reagent Reservoir/Valve/Tubing/Wash Station) & End User (OEM/Biotechnology & Pharmaceutical Companies/Hospital/Private Labs/Research Institute) - Global Forecast to 2020
Lab Informatics Market by Product (CDS, EDC, LES, ECM, ELN, LIMS, SDMS), Component (Software, Services), Delivery (On-Premise, Hosted, Cloud) & Industry (CROs, Pharma, Biotechnology, Chemical, Petrochemical, F&B, Agriculture, Oil, Gas) - Forecasts to 2021
http://www.marketsandmarkets.com/Market-Reports/lab-informatic-market-203037633.html
About MarketsandMarkets:
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
MarketsandMarkets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/healthcare/medical-devices
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Share this article