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Global Laboratory Automation Market: By Type: Modular Automation, Whole Lab Automation; By Equipment and Software Type; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Laboratory Automation Market Outlook

The global laboratory automation market size reached a value of almost USD 5 billion in the year 2020. The laboratory automation market is further expected to grow at a CAGR of 5.6% between 2021 and 2026 to reach a value of almost USD 6.9 billion by 2026.

 

Laboratory Automation Market

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The global laboratory automation market is driven by an increase in favourable government initiatives across the world. Laboratory automation is a strategy to optimize, develop, research, and capitalize on technologies that help in upgrading the existing process. Laboratory automation generally comprises of multiple automated devices and programmed algorithms that increase efficiency as well as make work easier for scientific research in the laboratories. This helps in the performance of highly repetitive tasks by saving human time, cuts cost of operations, increases profitability, and uplifts the scope of work procedure. Automation has become an indispensable part of the modern industry. All industries are moving towards it to maintain their standard of work. 

North America is predicted to have the highest share in the laboratory automation market. They have escalated the spending on healthcare and increased research and development activities involving trials that are necessary to be performed without a window of error and precision. Along with North America, Asia Pacific is estimated to grow at the highest CAGR due to improving infrastructure and healthcare, and advancements in the R&D division.  

 

Properties and Applications

Laboratory automation is referred to as a multi-disciplinary strategy that uses devices and software to enhance the efficiency of scientific research in laboratories with the help of automated systems. Lab automation has numerous properties. It increases productivity, decreases errors, saves ample time, makes multiple testing possible in less time, decreases wastage, and optimizes the structure of work. A useful feature of automation is that it requires minimal monitoring and goes on with external observation for multiple hours.

 

Laboratory Automation Market by Type

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The laboratory automation market is bifurcated on the basis of type:

  • Modular Automation
  • Whole Lab Automation

Among all of these, modular automation exhibits the most popular product type.

On the basis of equipment and software type, the market is divided into:

  • Automated Clinical Laboratory Systems
    • Workstations
    • LIMS (Laboratory Information Management Systems)
    • Sample Transport Systems
    • Specimen Handling Systems
    • Storage Retrieval Systems
  • Automated Drug Discovery Laboratory Systems
    • Plate Readers
    • Automated Liquid Handling Systems
    • LIMS (Laboratory Information Management Systems)
    • Robotic Systems
    • Storage Retrieval Systems
    • Dissolution Testing Systems

At present, automated clinical laboratory systems hold the majority of the overall market share.

On the basis of end-user, the laboratory automation market is segmented into:

  • Biotechnology and Pharmaceutical Companies
  • Hospitals and Diagnostic Laboratories
  • Research and Academic Institutes

Out of these, biotechnology, and pharmaceutical companies account for the leading share in the market.

The report also covers the regional markets of laboratory automation like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Laboratory Automation Market by Region

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Market Analysis

The global laboratory automation market is driven by the increasing number of retiring professionals, along with the declining number of accredited training programs. On account of this, a rising trend toward automation has been observed to maintain the influx of samples with lowered chances of errors. In addition to this, the use of automated systems in laboratories has also improved the productivity of the drug discovery process. High demand for accuracy in performing tasks will be an essential factor in driving the laboratory automation market. Additionally, governments of numerous countries are investing in research and development (R&D). For example, governments have undertaken initiatives to accelerate test speeds and decrease cost inputs across automated laboratories. This has led to an increase in the market growth of laboratory automation. The increasing demand for new drugs and clinical diagnostics will propel the market to grow a lot in the forecast period. However, the high capital needed for setup is expected to inhibit the growth of laboratory automation.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global laboratory automation market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Danaher Corp.
  • Abbott 
  • PerkinElmer Inc.              
  • Tecan Trading AG            
  • Siemens Healthcare GmbH 
  • ThermoFisher Scientific Inc.
  • Agilent Technologies, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Laboratory Automation Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Laboratory Automation Historical Market (2016-2020) 
    8.3    Global Laboratory Automation Market Forecast (2021-2026)
    8.4    Global Laboratory Automation Market by Type
        8.4.1    Modular Automation 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Whole Lab Automation 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Laboratory Automation Market by Equipment and Software Type
        8.5.1    Automated Clinical Laboratory Systems    
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
            8.5.1.4    Breakup by Type
                8.5.1.4.1    Workstations
                8.5.1.4.2    LIMS (Laboratory Information Management Systems)  
                8.5.1.4.3    Sample Transport Systems    
                8.5.1.4.4    Specimen Handling Systems  
                8.5.1.4.5    Storage Retrieval Systems    
        8.5.2    Automated Drug Discovery Laboratory Systems    
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
            8.5.2.4    Breakup by Type
                8.5.2.4.1    Plate Readers  
                8.5.2.4.2    Automated Liquid Handling Systems    
                8.5.2.4.3    LIMS (Laboratory Information Management Systems)  
                8.5.2.4.4    Robotic Systems    
                8.5.2.4.5    Storage Retrieval Systems    
                8.5.2.4.6    Dissolution Testing Systems    
    8.6    Global Laboratory Automation Market by End Use
        8.6.1    Biotechnology and Pharmaceutical Companies 
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Hospitals and Diagnostic Laboratories 
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Research and Academic Institutes 
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.7    Global Laboratory Automation Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
        9.1.3.1    United States of America 
        9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
        9.2.3.1    United Kingdom
        9.2.3.2    Germany
        9.2.3.3    France
        9.2.3.4    Italy
        9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
        9.3.3.1    China
        9.3.3.2    Japan
        9.3.3.3    India
        9.3.3.4    ASEAN
        9.3.3.5    Australia
        9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
        9.4.3.1    Brazil
        9.4.3.2    Argentina
        9.4.3.3    Mexico
        9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
        9.5.3.1    Saudi Arabia
        9.5.3.2    United Arab Emirates
        9.5.3.3    Nigeria
        9.5.3.4    South Africa
        9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Key Players’ Market Share
    12.3    Company Profiles
        12.3.1    Danaher Corp.
            12.3.1.1    Company Overview
            12.3.1.2    Demographic Reach and Achievements
            12.3.1.3    Certifications
        12.3.2    Abbott 
            12.3.2.1    Company Overview
            12.3.2.2    Demographic Reach and Achievements
            12.3.2.3    Certifications
        12.3.3    PerkinElmer Inc.    
            12.3.3.1    Company Overview
            12.3.3.2    Demographic Reach and Achievements
            12.3.3.3    Certifications
        12.3.4    Tecan Trading AG    
            12.3.4.1    Company Overview
            12.3.4.2    Demographic Reach and Achievements
            12.3.4.3    Certifications
        12.3.5    Siemens Healthcare GmbH 
            12.3.5.1    Company Overview
            12.3.5.2    Demographic Reach and Achievements
            12.3.5.3    Certifications
        12.3.6    ThermoFisher Scientific Inc.
            12.3.6.1    Company Overview
            12.3.6.2    Demographic Reach and Achievements
            12.3.6.3    Certifications
        12.3.7    Agilent Technologies, Inc.
            12.3.7.1    Company Overview
            12.3.7.2    Demographic Reach and Achievements
            12.3.7.3    Certifications
        12.3.8    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Laboratory Automation Market: Key Industry Highlights, 2016 and 2026
2.    Global Laboratory Automation Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global Laboratory Automation Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Laboratory Automation Historical Market: Breakup by Equipment and Software Type (USD Billion), 2016-2020
5.    Global Laboratory Automation Market Forecast: Breakup by Equipment and Software Type (USD Billion), 2021-2026
6.    Global Laboratory Automation Historical Market: Breakup by End Use and Software Type (USD Billion), 2016-2020
7.    Global Laboratory Automation Market Forecast: Breakup by End Use (USD Billion), 2021-2026
8.    Global Laboratory Automation Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Laboratory Automation Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Laboratory Automation Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Laboratory Automation Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Laboratory Automation Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Laboratory Automation Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Laboratory Automation Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Laboratory Automation Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Laboratory Automation Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Laboratory Automation Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Laboratory Automation Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Laboratory Automation Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global Laboratory Automation Market Structure

Key Questions Answered in the Report

The global laboratory automation market reached a value of USD 5 billion in 2020. 

The market is projected to grow at a CAGR of nearly 5.6% in the forecast period of 2021-2026.

The market is estimated to reach a value of about USD 6.9 billion by 2026.

The major drivers of the industry include rising disposable incomes, favourable government programmes, and the rising number of retiring professionals.

The increasing investments in research and development (R&D) to improve the existing research and develop new dimensions in the field is expected to be a key trend guiding the growth of the industry.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with North America accounting for the largest market share.

Modular automation is the dominant type in the market. 

Automated clinical laboratory systems are the leading equipment and software type in the industry. 

The biotechnology and pharmaceutical companies sector accounts for the largest market share, among other end use segments in the industry.

The leading players in the market are Danaher Corp., Abbott, PerkinElmer Inc., Tecan Trading AG, Siemens Healthcare GmbH, ThermoFisher Scientific Inc., and Agilent Technologies, Inc., among others.

Analyst Review

The global laboratory automation market attained a value of USD 5 billion in 2020, driven by the rise in favourable government initiatives pertaining to the industry. Aided by the rising trend toward automation, the industry is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 5.6%. The industry is projected to reach USD 6.9 billion by 2026. 

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its types, the market is led by modular automation. By equipment and software type, the automated clinical laboratory systems lead the industry. On the basis of end use, the biotechnology, and pharmaceutical companies sector accounts for the largest share in the global industry. The major regional markets for laboratory automation are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above industry include Danaher Corp., Abbott, PerkinElmer Inc., Tecan Trading AG, Siemens Healthcare GmbH, ThermoFisher Scientific Inc., and Agilent Technologies, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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