Laboratory Automation: Key market research findings
- Finds Increased usage in drug discovery and biomedical research
- Introduction of new automation solutions
Technavio has added a new market research report on the global laboratory automation market, to its automation portfolio. Technavio’s market research analysts estimate the laboratory automation market to grow at a CAGR of around 6% between 2015 and 2019. North America leads the market, occupying around 53% of the market share in 2014, thanks to the increased demand for healthcare services, including laboratory services, drug discoveries and clinical tests in the country. US, UK, France, Germany, Spain, Italy, Japan, Canada, Australia, and Singapore are the major revenue contributing nations of laboratory automation market.
The new market research analysis from Technavio discusses in detail the key drivers and trends responsible for the market growth, as well as the segments with the maximum growth potential.
Laboratory automation market in North America 2014-2019
Source: Technavio Research
Laboratory automations systems are gaining prominence especially in developing markets to maximize laboratory operations in drug discovery laboratories at minimum expenses. Recently, modular automation has become popular among small- and medium-laboratories, which cannot afford total laboratory automation. In modular automation system, a specific set of processes in laboratories is automated. Besides being cost-effective, laboratory automation systems improve workflow efficiency and experimental accuracy.
“Growing adoption of microfluidic chips, which is one of the most significant engineering advances, is expected to drive the development of new laboratory automation systems in the coming years. The global microfluidic chips market is growing at an annual market growth rate of 18% owing to their increased use in major laboratories worldwide. Microfluidic chips or lab-on chips are used in advanced biological research such as proteomics, genomics, and metabolic research,” says Navin Rajendra, Lead Analyst, Industrial Automation, Technavio Research.
Leading vendors of the global laboratory automation market includes Thermo Fisher Scientific, Danaher, PerkinElmer, and Tecan Group, which occupy nearly 46% of the market collectively. The market is characterized by the presence of a large number of vendors in the densely populated and developed regions across the globe.
A more detailed analysis is available in the Technavio report, Global Laboratory Automation Market 2015-2019.
https://www.technavio.com/%3Cp%3E%3Cu%3E%3Cem%3E%3Cstrong%3EWe%20can%20cu…
