Knowledge Sourcing Intelligence launches the publication of a new report on “Laboratory Automation Market - Forecasts from 2019 to 2026” to their giving.
The prime factor driving the growth of the laboratory automation market is increased investments in research and development in the pharmaceutical sector.
As per the report, the market for Laboratory Automation Market is expected to grow at a steady pace.
Laboratory automation is a multidisciplinary approach to creating, optimising, and capitalising on laboratory technologies that allow new and better operations. Factors driving market expansion include pharmaceutical companies boosting their investment in research and development, stringent regulation in the healthcare sector, improved healthcare infrastructure in emerging nations, and the expansion of the pharmaceutical and biotechnology sectors. However, the global laboratory automation market is anticipated to be hampered by the slow adoption of automation technologies in SMEs, as well as higher manufacturing and implementation costs.
Based on components, the laboratory automation market is fragmented as liquid handling, robotics, compound logistics and detection and readers.
By application, the laboratory automation market is segmented into immunodiagnostics, molecular diagnostics, clinical chemistry, hematology and others. The increasing demand for laboratory automation systems in the clinical chemistry segment can be attributed to the rising need to process more workload with less personnel participation, which is driving the widespread use of laboratory automation.
By end-user, the laboratory automation market is segmented into research and academic institutes, biotechnology and pharmaceutical companies and hospitals and diagnostic laboratories. Factors such as increased product complexity, price pressure, the high cost incurred by errors, and the requirement for quality consistency are driving biotechnology and pharmaceutical companies to automate and accelerate the drug development process.
Based on geography, the laboratory automation market is segmented into the North American region, the South American region, the Middle East and African region, the European region, and the Asia Pacific region. Due to the presence of well-developed healthcare infrastructure and extensive adoption of novel revolutionary technologies, the North American market sector has a dominant market share.
As a part of the report, the major players operating in the laboratory automation market, that have been covered are Danaher Corp., Abbott, PerkinElmer Inc., Tecan Trading AG, Synchron Laboratory automation, Hudson Robotics, F. Hoffmann- La Roche AG, Scienion AG, Tecan Trading AG, Thermo Fisher Scientific, COPAN ITALIA spa, Horiba, Ltd., Cerner Corporation, HighRes Biosolutions.
This analytics report segments the laboratory automation market on the following basis
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-laboratory-automation-market