Laboratory automation is a multi-disciplinary strategy to research, optimize, develop, and capitalize on technologies in the laboratory that offers new and improved processes. Usually, laboratory automation professionals are academic, government, commercial researchers, scientists, and engineers who conduct research and develop innovative technologies to improve productivity, elevate experimental data quality, and reduce lab process cycle times. Laboratory automation technology is massively employed in laboratory robotics. In the current scenario, this technology plays a crucial role in achieving timely progress and sustaining the competition. According to a study published by Insure Insights, the global Laboratory Data Automation Market is projected to grow at a CAGR of 7.1% during the forecast period.

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The global laboratory automation market is expected to witness significant growth in the coming future owing to increasing demand for laboratory procedures and the lack of availability of trained laboratory personnel. The reproducibility and high accuracy obtained through lab automation are among the key advantages impacting the market positively. Other drivers estimated to fuel the growth of this market includes personnel safety, clinical diagnostics, smaller volumes of sample and reagents required, progressing drug discovery, and miniaturization of the process leading to low reagent cost.

Clinical Diagnostics Segment to Make Crucial Contribution to Growth of Global Laboratory Data Automation Market

The global laboratory data automation market can be segmented on the basis of product type into Automated Workstations, Microplate Readers, Automated ELISA Systems, Automated Nucleic Acid Purification Systems, Robotic Systems, Others. The automated workstations to witness huge growth in the forecast period owing to the technological benefits of these workstations. On the basis of application Drug Discovery, Clinical Diagnostics, Genomics Solutions, Proteomics Solutions. The clinical diagnostics segment held the largest market share owing to the rising clinical practices in fields of life sciences and medicine. On the basis of end use the market is segmented into Biotechnology & Pharmaceutical Industries, Research Institutes, Others.

Rising Applications to Benefit North America Market

North America is anticipated to gain largest share and can primarily be attributed to the increase in the applications of lab automation in drug development and clinical laboratory functions in the region. With the surge in R&D expenditure in Asia Pacific, it is expected to witness lucrative growth in the coming few years. Furthermore, the higher presence of the key market players is anticipated to help the market propel in the forecast period.

Players to Focus on Laboratory Data Automation Market

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Hamilton Robotics, Danaher, Tecan Group Ltd, PerkinElmer Inc., Thermo Fisher Scientifics Inc., BMG Labtech GmbH, Aurora Biomed Inc., Hudson Robotics, Siemen Healthcare, Roche Diagnostics, Agilents Technologies Inc., Bio Tek Instruments Inc. Eppendorf and Qiagen among others could be at the forefront of the competition in the global market.

Qiagen: In September 2018, Qiagen announced plans for global launches of tuberculosis and molecular diagnostic tests developed with two separate companies. Qiagen entered into an agreement to absorb Ann Arbor, Michigan-based NeuMoDx Molecular, with plans to commercialize its fully integrated systems for automating PCR testing in diagnostic laboratories. Under the deal, Qiagen can acquire all outstanding NeuMoDx shares for about $234 million, with Qiagen previously owning about 20% of the company, subject to certain regulatory and operational milestones.

Beckman Coulter: In January 2019, Beckman Coulter Life Sciences announced its acquisition of Labcyte, a privately held, acoustic liquid handling company based in San Jose, California.

Scope of the Report

By Product Type

• Automated Workstations
• Microplate Readers
• Automated ELISA Systems
• Automated Nucleic Acid Purification Systems
• Robotic Systems
• Others

By Application

• Drug Discovery
• Clinical Diagnostics
• Genomics Solutions
• Proteomics Solutions

By End-User

• Biotechnology & Pharmaceutical Industries
• Research Institutes
• Others

By Region

• North America
• Europe
• Asia Pacific
• SAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.