The Global Lab Automation Market Is Expected To Grow At A CAGR Of 5.9%

As per the report of Zion Market Research, Lab Automation industry accumulated proceeds about USD 715.9.38 million in 2023 and is slated to accrue earnings worth approximately USD 1198.39 million by 2032. The Lab Automation market is projected to register highest gains of approximately 5.9% in 2024-2032. In addition to this, surge in spending on research & development activities by pharma firms and healthcare firms will drive demand for lab automation activities in foreseeable future. Moreover, lab automation makes use of technology for substituting as well as streamlining manual handling of different kinds of equipment and processes. Furthermore, lab automation activities depend on lab workflow and are massively utilized in academic as well as research institutes and CROs. With COVID-19 pandemic outbreak, lab automation is garnering huge popularity in clinical testing labs, thereby driving market trends. Need for process miniaturization, drug discovery, clinical diagnostics, process accuracy, and need for reducing labor costs as well as requirement for ensuring safety of workers will steer expansion of lab automation industry in years to come.

Furthermore, growing demand for lab automation in clinics, hospitals, and research centers as well as drug manufacturing firms in countries such as the U.S. and European countries will prompt growth of lab automation market in near future. Reportedly, hospital labs are using RFID systems for lab automation owing to its enhanced output and quality. Moreover, it is able to reduce errors, technology costs of lab automation, increase speed of sample delivery, and minimize human intervention.

Need For Improving Drug Production & Enhancing Operational Efficiency To Drive Market Size

Growth of lab automation market over forecast timeframe is due to escalating need for increasing medicine output in terms of volume and quality along with need for improve efficiency of lab operations. In addition to this, technological breakthroughs have resulted in launching of new lab automation devices as well as product innovations and addition of new embedded features in existing lab automation equipment. This has resulted in massive adoption of lab automation systems in clinical labs and hospitals. All these aforementioned aspects will assist lab automation market explore new growth dimension in coming decade. Furthermore, need for improvising lab efficacy, turnaround time, and quality of microbe culture-driven testing will spur growth of lab automation industry over years ahead.  

North America To Secure Leading Position In Global Market By 2032

Regional market growth during assessment period can be credited to presence of mammoth players and vendors in countries such as Canada and the U.S. Additionally, rise in demand for microbiology testing & standardizing sample collection equipment for culturing microbes has resulted in massive demand for automated lab tools for these microbe culture-based lab testing in clinics across countries such as the U.S, thereby driving regional market trends.

Key players favorably leveraging industry scenario and profiled in report include Qiagen N.V., BMG LABTECH GMBH, Eppendorf AG, Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Danaher Corporation, Aurora Biomed Inc., Bio Tek Instruments, Inc., F. Hoffmann-La Roche, Hamilton Company, Tecan Group Ltd., Siemens Healthineers, Hudson Robotics, and PerkinElmer Inc.

Browse the full “Lab Automation Market - By Product (Robotic Arm, Microplate Readers, Workstation, ELN, And LIMS), By Application (Drug Discovery, Diagnostics, Genomics, Proteomics, And Microbiology), By End-User (Diagnolab, Forensics, Pharmaceutical, And Environmental), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2024– 2032.” Report at https://www.zionmarketresearch.com/report/lab-automation-market

The report segments 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

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com