Lab Automation Market Forecast: Competitive Landscape and Strategic Developments for 2030

Lab Automation Market Overviews

Maximize Market Research is an Lab Automation Market# research company, that has published a detailed study on the “Lab Automation Market”. The report gives us an analysis of demand, pricing, business insights, and competitive landscape. The Lab Automation Market's base year is 2023 with a forecast period from 2024 to 2030.

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Lab Automation Market Scope and Methodology:

The primary objective of the report is to deliver an in-depth assessment of the Lab Automation Market with a focus on a strategy driven by the market. This includes understanding the features of the Lab Automation Market, key developments, growth-promoting factors, and possible opportunities. Data is gathered using primary and secondary research approaches. Key players in the Lab Automation Market sector, such as vendors, manufacturers, suppliers, customers, and specialists, are surveyed and interviewed to gather primary data. Secondary data is gathered from a variety of sources, such as trade journals, government publications, business websites, market evaluations, industry research papers, annual reports, and databases.

The research offers a comprehensive analysis of the several business strategies leading organizations use, including alliances, mergers, acquisitions, and cooperative efforts. The research analyzed the company's position in the market and determined its opportunities, threats, weaknesses, and strengths using a SWOT analysis.

The Lab Automation Market was examined using techniques including evaluating investment returns, conducting a feasibility study, and executing Porter's five forces analysis. The bottom-up method was utilized to determine the regional and global Lab Automation Market sizes.

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Lab Automation Market Regional Insights

This report offers a comprehensive analysis of the size and trends of the Lab Automation Market in several geographical areas. Germany, France, Spain, Italy, and other European nations are included in the European study. China, India, Japan, Australia, Korea, and other APAC countries are all included in the Asia-Pacific area. South America, including Brazil, Argentina, and other South American nations, is also examined in the study.

Lab Automation Market Segmentation

by Product

Equipment’s
Automated Workstations
Robotic Systems
Microplate readers
Others
Software & Informatics
Workstations automation software
Laboratory Information Management System (LIMS)
Scientific Data management system
Electronic Laboratory notebook

by Type

Total Automation Systems
Modular Automation Systems

The worldwide lab automation market is divided into two segments based on type: total automation systems and modular automation systems. With a 48.3% market share in 2023, the Total Automation Systems category had the most share. due to the many benefits that these systems offer. Advances in this persuasion in various life science procedures have been identified as one of the primary driving factors predicted to propel the segment's expansion during the projected period. There are two types of automation systems available on the market: total automation systems and modular automation systems.

by Application

Clinical Chemistry Analysis
Photometry & Fluorometry
Immunoassay Analysis
Electrolyte Analysis
Other

The global lab automation market is divided into four segments based on the application: electrolyte analysis, immunoassay analysis, photometry & fluorometry, and clinical chemistry analysis. With a market share of 27.4.6% in 2021, the Clinical Chemistry Analysis category held the highest share. This high percentage can be attributed to advancements in technology, a rise in automated systems offered by industry participants, and an increase in automated system usage due to the advantages of these systems—risk of contamination is decreased, human error is eliminated, and so on.

by End-User

Biotechnology & Pharmaceutical
Research Institutes
Hospitals & Private Labs
Forensic Laboratories
Others

The retail, healthcare, and pharmaceutical, manufacturing, transportation and logistics, energy and utilities, government, and others segments make up the worldwide lab automation market, which is further divided based on vertical. As of 2023, the Manufacturing category accounted for 36.6% of the total market share. The increasing number of manufacturing facilities in developing nations like Mexico and India has increased the amount of inventory and raw materials that are outsourced to these industries. For instance, the 'Make in India' program of the Indian government may increase domestic production since it heavily emphasizes the development of the domestic manufacturing sector. These initiatives contribute positively to the growth of the industrial sector over the anticipated period.

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Lab Automation Market Key Players

1. Tecan Group Ltd
2. Thermo Fisher Scientific Inc
3. Danaher Corporation
4. Hamilton
5. F. Hoffmann-La Roche Ltd.
6. Qiagen N.V.
7. Abbott Laboratories
8. Siemens AG
9. PerkinElmer Inc.
10. Agilent Technologies, Inc.

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Key questions answered in the Lab Automation Market are:

What is Lab Automation Market?

What was the Lab Automation Market size in 2023?

What is the growth rate of the Lab Automation Market?

Which are the factors expected to drive the Lab Automation Market growth?

What are the different segments of the Lab Automation Market?

What growth strategies are the players considering to increase their presence in Lab Automation Market?

What are the upcoming industry applications and trends for the Lab Automation Market?

What are the recent industry trends that can be implemented to generate additional revenue streams for the Lab Automation Market?

Who are the leading companies and what are their portfolios in Lab Automation Market?

What segments are covered in the Lab Automation Market?

Who are the key players in the Lab Automation Market?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)

Past Pricing and price curve by region (2018 to 2022)

Market Size, Share, Size & Forecast by different segment | 2024−2030

Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region

Market Segmentation – A detailed analysis by segment with their sub-segments and Region

Competitive Landscape – Profiles of selected key players by region from a strategic perspective

Competitive landscape – Market Leaders, Market Followers, Regional player

Competitive benchmarking of key players by region

PESTLE Analysis

PORTER’s analysis

Value chain and supply chain analysis

Legal Aspects of Business by Region

Lucrative business opportunities with SWOT analysis

Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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