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-Trends, Analysis and Forecast till 2034

Lab Automation Market accounted for USD 5952.3 Million in 2024 and is estimated to be USD 8382.6 Million by 2034 and is anticipated to register a CAGR of 3.80%.

Researching, creating, enhancing, and capitalising on laboratory technologies that enable new and improved procedures is done through a multidisciplinary method called lab automation. Researchers, scientists, and engineers who specialise in laboratory automation come from academic, industrial, and governmental institutions. They conduct research and create new technologies to increase productivity, enhance the accuracy of experimental data, speed up lab process cycle times, or enable experiments that would otherwise be impossible.

Pharmaceutical and biotechnology companies are making significant research investments to meet the healthcare sector's growing needs. In FY 2018, pharmaceutical companies like Sun Pharmaceuticals, Cipla, and Lupin Ltd., for instance, spent 8.8% of their revenues on R&D, according to the India Brand Equity Foundation (IBEF). Furthermore, the usage of lab automation will be encouraged by collaboration between pharmaceutical companies and healthcare stakeholders for R&D into medicines, perhaps pushing the market for lab automation demand above production levels.

Lab Automation Market is segmented based on product type, applications, end users, and region.

On the basis of product type, the 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. On the basis of application, the Lab Automation Market is segmented into Drug Discovery, Clinical Diagnostics, Genomics, Proteomics, Cell Biology and Other Applications.  On the basis of end-user, the Lab Automation Market is segmented into Pharmaceutical And Biotechnology Companies, Diagnostics Laboratories, Research and Academic Institutions.

Regional Insights:

On basis of region the Lab Automation Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The lab automation market was dominated by North America, which had the greatest revenue share of 36.4% in 2020 and is anticipated to hold that position throughout the forecast period. The development is ascribed to the region's increased adoption of lab automation technologies, which has resulted from the presence of a strong healthcare infrastructure in the area.

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Global Lab Automation report based on test, application, and region.

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

Lab Automation Market, By Application:

• Drug Discovery
• Clinical Diagnostics
• Genomics
• Proteomics
• Cell Biology
• Other Applications

Lab Automation Market, By End-user:

• Pharmaceutical And Biotechnology Companies
• Diagnostics Laboratories
• Research and Academic Institutions

Lab Automation Market, By Region:

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

The key players operating the Lab Automation Market includes 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.

• In June 2023, Kokilaben Dhirubhai Ambani Hospital recently announced the launch of Total Lab Automation technologically powered by Roche Diagnostics aimed to improve patient care. This integrates five major laboratory disciplines, Clinical Chemistry, Immunology, Toxicology, Infectious Serology, and Hematology and coagulation.
• In July 2023, Roche Diagnostics launched Elecsys HCV Duo fully automated immunoassay in India for the determination of hepatitis C virus (HCV) antigen and antibody status from a single human plasma or serum sample. 
• In July 2023, Beckman Coulter Diagnostics received the FDA clearance for DxC 500 AU, an automated chemistry analyser to enhance its clinical chemistry offering and demonstrating innovation in the in-vitro diagnostic industry.
• In August 2023, Abbott announced the FDA clearance of Alinity® h-series, an automated haematology analyser, used to run complete blood counts. The device uses less floor space and has one of the highest throughputs as it competes with diagnostic systems made by Beckman Coulter and Siemens Healthineers. 

• 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.
• Bio Tek Instruments, Inc.