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Lab Automation Market Industry Insights | Tecan, PerkinElmer, Danaher and Thermo Fisher To Dominate The Market

by dheerajshaha67 · February 5 Vladislav Namestnikov Jersey , 2019


What are the Global Growth Factors?


Factors such as process miniaturization, high demand for lab automation equipment in drug discovery and clinical diagnostics, higher reproducibility and accuracy Andrei Vasilevskiy Jersey , and large workforce demand and supply gap are likely to drive the growth of Lab Automation Market. In addition, lab automation offers enhanced productivity and reduced costs, better personnel safety Victor Hedman Jersey , and small volumes of samples and reagents.


What The Experts Says about the Market Growth?


The global lab automation market is expected to reach $5.20 Billion by 2022 from USD 4.06 Billion in 2017, at a CAGR of 5.1%.


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The automated workstations segment to account for the largest market share in 2017


Based on equipment and software, the market is segmented into automated workstations Jake Dotchin Jersey , off-the-shelf workcells, robotic systems, automated storage and retrieval system Braydon Coburn Jersey , software, and other equipment. In 2017, the automated workstations segment is expected to account for the largest share of the lab automation market. The high demand for automation in liquid handling is the key factor driving market growth in this segment. Automated workstations offer advantages such as enhanced accuracy Yanni Gourde Jersey , and reduced time and cost.


The genomics solutions segment to grow at the highest CAGR


Based on applications, the lab automation market is segmented into drug discovery, clinical diagnostics Ryan Callahan Jersey , genomics solutions, proteomics solutions, microbiology Brayden Point Jersey , and other applications. The genomics solutions segment is expected to grow at the highest CAGR during the forecast period