Global Lab Automation Market Size,Industry Analysis and Research,2016-2020
Lab automation serves technical employment of different equipments such as automated laboratory instruments, devices, and software algorithms to expedite the work flow in laboratory. It aids to reduce manual steps and increase efficiency of the diagnosis. Automated equipment makes analysis easy and generates faster throughput.
Increase in the ageing population coupled with their rising healthcare problems is a major driving factor of the global lab automation market. Advancement in the software and technical equipment & devices of the healthcare sector is also expected to propel the growth of lab automation market during the years to come. However, prevalence of small and medium scale labs where automation is not a priority may hamper the growth of lab automation market. Nonetheless, growing implementation in microbiology field is likely to disclose the new opportunity in near future.
The global lab automations market is driven by a combination of factors, which are a rising rate of accidents, improvement in reimbursement policies, a growing geriatric population, and an increasing prevalence of chronic diseases such as diabetes. The market size and forecasts in terms of revenue (USD million) for the period 2015 to 2020, considering 2014 as the base year, have been provided for this segment of the report. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2015 to 2020.
The report is a comprehensive view on the lab automation market in which we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the lab automation market has also been included. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate and general attractiveness.
The global lab automation market is segmented on the basis of application, automation, equipment, end-users and region. Various application covered in the report of global lab automation market includes clinical diagnostics, drug discovery, proteomics solutions, genomics solutions and others applications. Automation segment covered under this study includes modular automation and total lab automation (TLA). The equipment segment of lab automation includes automated liquid handling, automated storage & retrieval systems (ASRS), microplate readers, software & informatics and others. End-users segment of lab automation includes pharmaceutical, biotechnology, hospitals & private labs and others. Region wise, this market is segmented into North America, Latin America, the Middle East & Africa, Asia Pacific, and Europe.
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Out of all the regional segments of the global market, North America held the the dominant share in the overall lab automations market across the globe in 2014. This dominance is majorly witnessed due to the presence of large number of geriatric population’s diagnosis and tests. Furthermore, owing to rise in disposable income coupled with increasing healthcare expenditure, Asia-Pacific region has been estimated to foresee the highest growth during the forecast period.
Some of the key players for global lab automations market include Abbot Diagnostics, Agilent Technologies, Inc, Danaher, Siemens Healthcare, Tecan Group Ltd, Eppendorf, Roche Diagnostics and among others.
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