Vancouver, British Columbia, Feb. 24, 2021 (GLOBE NEWSWIRE) — The global laboratory automation systems market is expected to reach a market size of USD 6.39 Billion in 2028, as a result of major R&D initiatives driving steady revenue growth, according to latest analysis by Emergen Research. Laboratory automated systems are becoming a major requirement in biological and chemical research industries as these solutions offer ideal approaches to protecting data and ensure that these data is easily available and accessible for laboratory personnel and teams, which in turn improves productivity of researchers as they can track everything that happens to a sample, enabling them to more efficiently monitor its entire history. These systems also allow researchers to control temperature, speed, stirring, and collect related data for graphical representation in real-time.
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The laboratory automation system market revenue is increasing significantly due to increasing demand and deployment of automation systems in drug discovery. Advancements in technologies such as, Artificial Intelligence and automated data analysis are aiding research teams in handling large number of test samples and efficiently analyzing research data. These systems can operate for long hours with minimum monitoring and instruction. These systems enable researchers to focus on core tasks and efficiently utilize time otherwise spent on repetitive tasks.
Further Key Findings in the Report:
- In October 2018, Roche Diagnostics partnered with DASA Group to create the world’s largest integrated core laboratory for performing next-generation research works.
- In October 2020, Singapore adopted Rapid Automated Volume Enhancer (RAVE), which is a high-precision laboratory robot of ABB Robotics & Discrete Automation, to enhance their capabilities in rapid COVID-19 tests.
- Europe is projected to register a steady CAGR of 5.3% between 2021 and 2028. This steady growth rate can be attributed to robust presence of major pharmaceutical companies and growing investment in research activities in countries in the region.
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For the purpose of this report, Emergen Research has segmented the laboratory automation systems market based on product, application, end-use, and region:
- Product Outlook (Revenue: USD Billion; 2020–2028)
- Robotic Arm
- Microplate Readers
- Automated Workstation
- Application Outlook (Revenue: USD Billion; 2020–2028)
- Drug Discovery
- Clinical Diagnostics
- End-Use Outlook (Revenue: USD Billion; 2020–2028)
- Diagnostics lab
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- Regional Outlook (Revenue: USD Billion; 2020–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- Rest of MEA
- North America
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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