Laboratory automation is a multidisciplinary approach to researching, developing, optimising, and capitalising on laboratory technologies that enable new and enhanced procedures. Laboratory automation specialists are academic, commercial, and government researchers, scientists, and engineers who conduct research and develop new technologies to boost productivity, improve experimental data quality, shorten lab process cycle times, or enable experiments that would otherwise be impossible.Lab Automation Market accounted for US$ 5952.3 Million in 2024 and is estimated to be US$ 8382.6 Million by 2034 and is anticipated to register a CAGR of 3.80%.

The report "Lab Automation Market, By Product Type (Automated Liquid Handling System, Micro plate Reader, Automated Storage and Retrieval System, Automated ELISA System, Automated Nucleic acid purification system, Robotic system, Software, Others), By Applications (Drug Discovery, Clinical Diagnostics, Genomics, Proteomics, Cell Biology and Other Applications), By End Users (Pharmaceutical And Biotechnology Companies, Diagnostics Laboratories, Research and Academic Institutions), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034’’

Key Highlights:

• Abbott Laboratories receives U.S. marketing approval for the Covid-19 portable test, which may provide results in as little as 15 minutes. The approval came from the US Food and Drug Administration's emergency use authorization programme.
• In January 2020, Hamilton Health Sciences, a Canadian hospital network, announced a CAD 270 million strategic alliance with Siemens Healthineers. The company intends to provide full services for the latest imaging technology in hospitals over the course of the 15-year contract, with an option to extend it for another ten years. The primary goal of this collaboration is to improve healthcare quality through precision medicine and digital health solutions.

Analyst View:

To fulfil the expanding needs of the healthcare sector, pharmaceutical and biotechnology businesses are investing heavily in research. Pharmaceutical businesses such as Sun Pharmaceuticals, Cipla, and Lupin Ltd., for example, invested 8.8% of their revenues on R&D in FY 2018, according to the India Brand Equity Foundation (IBEF). Furthermore, cooperation between pharma companies and healthcare stakeholders for R&D into therapies will promote the use of lab automation, likely driving the demand for Lab Automation market above production levels.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Lab Automation Market, By Product Type (Automated Liquid Handling System, Micro plate Reader, Automated Storage and Retrieval System, Automated ELISA System, Automated Nucleic acid purification system, Robotic system, Software, Others), By Applications (Drug Discovery, Clinical Diagnostics, Genomics, Proteomics, Cell Biology and Other Applications), By End Users (Pharmaceutical And Biotechnology Companies, Diagnostics Laboratories, Research and Academic Institutions), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Lab Automation Market accounted for US$ 5952.3 Million in 2024 and is estimated to be US$ 8382.6 Million by 2034 and is anticipated to register a CAGR of 3.80%. The lab automation market report segments the market on the basis of product type, applications, end users, and region.

• Based on Product Type, Lab Automation Market is segmented into Automated Liquid Handling System, Micro plate Reader, Automated Storage and Retrieval System, Automated ELISA System, Automated Nucleic acid purification system, Robotic system, Software, Others.
• Based on Application, Lab Automation Market is segmented into Drug Discovery, Clinical Diagnostics, Genomics, Proteomics, Cell Biology and Other Applications.  
• Based on End-User, Lab Automation Market is segmented into Pharmaceutical And Biotechnology Companies, Diagnostics Laboratories, Research and Academic Institutions. 
• By Region, the Lab Automation Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Lab Automation Market:

The key players operating in the lab automation market are Hamilton Robotics, Inc., Molecular Devices, LLC, Tecan Group Ltd., PerkinElmer, Inc., Thermo Fisher Scientifics, Inc., BMG Labtech GmbH, Aurora Biomed, Inc., Hudson Robotics, Agilents Technologies, Inc. and Bio Tek Instruments, Inc.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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