Lab Automation Market Size, Share, Trends, & Growth Report 2032

Lab Automation Market Size

According to Zion Market Research, the global Lab Automation Market was worth USD 715.38 Million in 2023. The market is forecast to reach USD 1198.39 Million by 2032, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Lab Automation Market industry over the next decade.

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Global Lab Automation Market: Overview

Lab automation is a multi-disciplinary approach towards optimization of use of lab technologies for bringing enhancement in clinical processes. Lab automation experts comprise of academics, researchers, engineers, and scientists who carry out research along with developing novel techniques for enhancing efficiency and improving quality of clinical data. Apart from this, lab automation assists in reducing lab process cycle period and facilitates research activities. Reportedly, extensive use of lab automation technique is lab robots. Moreover, lab automation includes automated lab devices such as auto-samplers and lab automated systems are embedded with software programs & methods facilitating efficacy of scientific research processes in labs.

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Lab Automation Market: Growth Factors

Growth of lab automation industry over forecast timeframe can be credited to massive requirement for improving efficacy of drug discovery process as well as clinical diagnostics procedures. Moreover, lab automation provides high output and reduced regent costs. In addition to this, enhanced healthcare infrastructure witnessed across developing economies and thriving biotech & pharma sectors will boost market size in years ahead. Large-scale utilization of automated equipment in academic & research institutes will help latter to focus on high priority tasks and this will culminate into huge penetration of lab automation products across research & development activities across globe, thereby driving industry space.

Apparently, use of automated devices by drug discovery units of pharma firms will further scale up growth of lab automation industry. Moreover, lab automation will offer lucrative benefits to clinical labs and make its operations more proficient, reliable, and secured. This, in turn, will enlarge scope of lab automation market over years ahead.

Lab Automation Market: Report Scope

Lab Automation Market: Regional Analysis

North America To Dominate Global Regional Market Landscape By 2032

Rapid expansion of lab automation market in North America over assessment period is subject to humungous presence of giant pharma firms in countries such as the U.S. In addition to this, huge government funding made in drug discovery & genomics research projects will promulgate expansion of lab automation industry over forecast timeline during assessment timespan.

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Strong presence of established healthcare infrastructure facility and favorable compensation policies will steer growth of lab automation business in North America over upcoming years.

Lab Automation Market: Competitive Space

The global Lab Automation market profiles key players such as:

• Qiagen N.V
• Thermo Fisher Scientific, Inc
• Agilent Technologies, Inc
• Danaher Corporation
• Bio Tek Instruments, Inc
• F. Hoffmann-La Roche
• Hamilton Company
• Aurora Biomed Inc
• BMG LABTECH GMBH
• Siemens Healthineers
• Hudson Robotics
• Eppendorf AG
• Tecan Group Ltd
• PerkinElmer Inc

The global Lab Automation Market is segmented as follows:

By Product

• Robotic Arm
• Workstation
• LIMS
• Microplate Readers
• ELN

By End-User

• Diagnolab
• Pharmaceutical
• Environmental
• Forensics

By Application

• Drug Discovery
• Diagnostics
• Proteomics
• Microbiology
• Genomics

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa