This report aims to provide detailed insights into the global lab automation market. It provides valuable information on the type, procedure, application, and region in the market. Furthermore, the information for these segments, by region, is also presented in this report. Leading players in the market are profiled to study their product offerings and understand the strategies undertaken by them to be competitive in this market.
Expected Revenue Growth:
The lab automation market size will grow to USD 5.5 billion by 2025 from USD 4.3 billion in 2020, at a CAGR of 5.2% during the forecast period.
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Key Factors Driving Market Growth:
The Increasing spending on pharmaceutical R&D, growing food safety concerns, standardization of workflows, stringent regulatory control in the healthcare industry are fueling the growth of the market. Moreover, high demand in the emerging nation and the growth of the pharmaceutical and biotechnology industries are some of the other major factors driving the growth of this market.
The Automated Workstations segment is expected to dominate the lab automation market, by product type, during the forecast period.
Automated workstations are compact & standalone, capable of conducting a particular task unattended. Owing to the easy integration with both existing and upcoming systems are favorable options for customers looking to introduce automation in their labs. The Automated workstations is further segmented to automated liquid handling systems, microplate reader, automated Elisa system, automated nucleic acid purification systems. The automated liquid handling system are growing at the highest CAGR. Owing to an increase in the number of tests carried out in pharmaceutical labs for screening compounds, optimizing leads, determining drug properties with absorption, distribution, metabolism, and excretion (ADME), and toxicity has favored the argument for automation.
The drug discovery is expected to be the fastest-growing lab automation market, by application, during the forecast period.
The drug discovery, by application, laboratory automation market is estimated to grow at the fastest rate during the forecast period. This is mainly because of the increasing industry-academia collaboration for the development and use of fully automated, ultrahigh-throughput systems. Moreover, investments in automation permit the safer generation of data with improved accuracy, precision, reproducibility, and traceability, allowing drug discovery scientists to utilize higher–quality data in the hypothesis–driven research required to discover new medicines. Thus, growing the market of drug discovery segment.
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North America likely to emerge as the largest lab automation market
In this report, the laboratory automation market has been analyzed for four regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Growth in the North American market is also supported by the demand for the integration of laboratory systems, rising government funding for research, growth in biobanks, need for early drug discovery, and stringent regulatory requirements. Thus, North America dominated the market during the forecasted period.
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the market.
Some of the key players are Thermo Fisher Scientific, Inc. (US), PerkinElmer Inc,(US) Agilent Technologies (US), Danaher Corporation (US), F. Hoffmann-La Roche Ltd. (Switzerland), Danaher Corporation (US), and Tecan Group Ltd. (Switzerland).The leading players are adopting various strategies to increase their share in the lab automation market.
Lab Automation Market: Industry Trends and Opportunities
The Pen Needles Market is expected to reach $1.8 billion by 2024 from an estimated $1.1 billion in 2019, at a CAGR of 10.8% during the forecast period.The study involved four major activities in estimating the current market size for pen needles.
The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research.Secondary Research:In the secondary research process, various secondary sources such as the WHO, International Diabetes Federation, World Bank, Global Burden of Disease Study, Food and Drug Administration, American Diabetes Association, American Association of Diabetes Educators, Centers for Disease Control and Prevention, Diabetes Canada, Statistics Canada, European Association for the Study of Diabetes, European Society of Endocrinology, Diabetes UK, National Health Service, OECD Health Statistics, Asian Association for the Study of Diabetes, ASEAN Federation of Endocrine Societies.Primary Research:In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report.
The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the pen needles market.Download PDF (Please share your specific interest to serve you better.
): https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=75948613Market Segmentation:On the basis of therapy, the pen needles market is segmented into insulin, GLP-1, growth hormone, and other therapies such as osteoporosis, fertility, and obesity.
The insulin therapy segment is expected to grow at a higher CAGR during the forecast period primarily due to the high and growing diabetic population globally.
Since pen needles need to be replaced after every injection, the rising use of insulin pens is a major factor driving the demand for pen needles.
Technology has brought about transformational changes in the healthcare industry over the past few years.
Medical establishments can now depend on their technology partners to provide them with healthcare technology solutions per their particular needs at reasonable costs.The healthcare industry is now constantly evolving, with new cures discovered daily.
The following are five salient benefits that technology has provided in the healthcare sector.Information when you need itPeople looking for a quick diagnosis of their symptoms usually consult the internet to understand the underlying causes for their ailment better.
It allows healthcare facilities to provide their patients with a seamless experience, thus allowing them to treat more patients in a day.
Robots that doctors control via a computer can carry out surgeries equipped with cameras, mechanical arms, and surgical instruments.
These robots assist doctors with a three-dimensional, magnified view of the surgical site, which significantly helps in the surgery.Faster Medical ResultsEarlier it would take anywhere from a couple of weeks to a month to get the test results.
The Global Lab Automation Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on software, application and end use.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Lab Automation Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/12965-lab-automation-market-reportThe report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as:Agilent TechnologiesBeckman Coulter, Inc.Biomérieux SAHamilton Robotics, Inc.Perkinelmer, Inc.Qiagen N.V.Roche Holding AGSiemens HealthcareTecan Group Ltd.Thermo Fisher Scientific, Inc.A detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Software:Automated Liquid HandlingStandalone RobotsMicroplate ReadersAutomated Storage And Retrieval Systems (ASRS)By Application:Drug DiscoveryClinical DiagnosticsGenomics SolutionsProteomics SolutionsOthersBy End Use:Biotechnology & Pharmaceutical IndustriesHospitals & Private LabsAcademic & Research InstitutesBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Rest of the World (RoW)Download Free Sample Report of Global Lab Automation Market @ https://www.decisiondatabases.com/contact/download-sample-12965The Global Lab Automation Market has been exhibited in detail in the following chapters –Chapter 1 Lab Automation Market PrefaceChapter 2 Executive SummaryChapter 3 Lab Automation Industry AnalysisChapter 4 Lab Automation Market Value Chain AnalysisChapter 5 Lab Automation Market Analysis By SoftwareChapter 6 Lab Automation Market Analysis By ApplicationChapter 7 Lab Automation Market Analysis By End UseChapter 8 Lab Automation Market Analysis By GeographyChapter 9 Competitive Landscape Of Lab Automation CompaniesChapter 10 Company Profiles Of Lab Automation IndustryPurchase the complete Global Lab Automation Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-12965Other Reports by DecisionDatabases.com:Global Laboratory Automation Systems Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Service Delivery Automation Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Cognitive Robotic Process Automation Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
To implement telemedicine and teleradiology software solutions in your healthcare organizations, contact us and be successful in healthcare technology.The system of applying the convenience of the information and communication technology and portable point of care devices in the field of medicine is termed as ‘Telemedicine’.Learn More: https://www.frontenders.in/services/tele-medicine-and-tele-radiology.html
VBRI, As a leader in smart healthcare technology Services & solution, VBRI has the solutions to provide you to meet the demands of the today & prepare for what is coming tomorrow.
The future of the healthcare sector is in the implementation of smart technologies, & technical innovations.
it is a great time that the healthcare industry discovers some permanent solutions.
Many long-lasting new firms have owners who undertake systematic market research to understand their target market better, uncover customer concerns, and discover credible rivals.Visit Us:- https://www.convrtx.com/blog/advantages-of-doing-market-research-for-a-start-up/#marketresearch
The Pen Needles Market is expected to reach $1.8 billion by 2024 from an estimated $1.1 billion in 2019, at a CAGR of 10.8% during the forecast period.The study involved four major activities in estimating the current market size for pen needles.
The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research.Secondary Research:In the secondary research process, various secondary sources such as the WHO, International Diabetes Federation, World Bank, Global Burden of Disease Study, Food and Drug Administration, American Diabetes Association, American Association of Diabetes Educators, Centers for Disease Control and Prevention, Diabetes Canada, Statistics Canada, European Association for the Study of Diabetes, European Society of Endocrinology, Diabetes UK, National Health Service, OECD Health Statistics, Asian Association for the Study of Diabetes, ASEAN Federation of Endocrine Societies.Primary Research:In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report.
The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the pen needles market.Download PDF (Please share your specific interest to serve you better.
): https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=75948613Market Segmentation:On the basis of therapy, the pen needles market is segmented into insulin, GLP-1, growth hormone, and other therapies such as osteoporosis, fertility, and obesity.
The insulin therapy segment is expected to grow at a higher CAGR during the forecast period primarily due to the high and growing diabetic population globally.
Since pen needles need to be replaced after every injection, the rising use of insulin pens is a major factor driving the demand for pen needles.
Many long-lasting new firms have owners who undertake systematic market research to understand their target market better, uncover customer concerns, and discover credible rivals.Visit Us:- https://www.convrtx.com/blog/advantages-of-doing-market-research-for-a-start-up/#marketresearch
Technology has brought about transformational changes in the healthcare industry over the past few years.
Medical establishments can now depend on their technology partners to provide them with healthcare technology solutions per their particular needs at reasonable costs.The healthcare industry is now constantly evolving, with new cures discovered daily.
The following are five salient benefits that technology has provided in the healthcare sector.Information when you need itPeople looking for a quick diagnosis of their symptoms usually consult the internet to understand the underlying causes for their ailment better.
It allows healthcare facilities to provide their patients with a seamless experience, thus allowing them to treat more patients in a day.
Robots that doctors control via a computer can carry out surgeries equipped with cameras, mechanical arms, and surgical instruments.
These robots assist doctors with a three-dimensional, magnified view of the surgical site, which significantly helps in the surgery.Faster Medical ResultsEarlier it would take anywhere from a couple of weeks to a month to get the test results.
The Global Lab Automation Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on software, application and end use.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Lab Automation Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/12965-lab-automation-market-reportThe report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as:Agilent TechnologiesBeckman Coulter, Inc.Biomérieux SAHamilton Robotics, Inc.Perkinelmer, Inc.Qiagen N.V.Roche Holding AGSiemens HealthcareTecan Group Ltd.Thermo Fisher Scientific, Inc.A detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Software:Automated Liquid HandlingStandalone RobotsMicroplate ReadersAutomated Storage And Retrieval Systems (ASRS)By Application:Drug DiscoveryClinical DiagnosticsGenomics SolutionsProteomics SolutionsOthersBy End Use:Biotechnology & Pharmaceutical IndustriesHospitals & Private LabsAcademic & Research InstitutesBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Rest of the World (RoW)Download Free Sample Report of Global Lab Automation Market @ https://www.decisiondatabases.com/contact/download-sample-12965The Global Lab Automation Market has been exhibited in detail in the following chapters –Chapter 1 Lab Automation Market PrefaceChapter 2 Executive SummaryChapter 3 Lab Automation Industry AnalysisChapter 4 Lab Automation Market Value Chain AnalysisChapter 5 Lab Automation Market Analysis By SoftwareChapter 6 Lab Automation Market Analysis By ApplicationChapter 7 Lab Automation Market Analysis By End UseChapter 8 Lab Automation Market Analysis By GeographyChapter 9 Competitive Landscape Of Lab Automation CompaniesChapter 10 Company Profiles Of Lab Automation IndustryPurchase the complete Global Lab Automation Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-12965Other Reports by DecisionDatabases.com:Global Laboratory Automation Systems Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Service Delivery Automation Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Cognitive Robotic Process Automation Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
To implement telemedicine and teleradiology software solutions in your healthcare organizations, contact us and be successful in healthcare technology.The system of applying the convenience of the information and communication technology and portable point of care devices in the field of medicine is termed as ‘Telemedicine’.Learn More: https://www.frontenders.in/services/tele-medicine-and-tele-radiology.html
VBRI, As a leader in smart healthcare technology Services & solution, VBRI has the solutions to provide you to meet the demands of the today & prepare for what is coming tomorrow.
The future of the healthcare sector is in the implementation of smart technologies, & technical innovations.
it is a great time that the healthcare industry discovers some permanent solutions.