Overview of the global lab bioanalysis automation market
Technavio’s market research report identifies that the shortage of trained laboratory professionals will be one of the primary growth drivers for the global lab bioanalysis automation market till 2021. The need for experts involved in high-quality bioanalysis to handle and carefully perform the procedures is increasing due to the multiple samples received by laboratories at a constant rate. However, the introduction of automated systems will assist in carrying out numerous repeatable tasks. This in turn, will enable the experts to dedicate more time for analysis and insight generation. The constant pressure on laboratories to deliver faster results is negatively influencing the rate of training programs that are conducted for laboratory professionals. This in turn, will boost the need for bioanalytical method development and diagnostic tests by using automation systems to improve the overall efficiency. Our market research analysts predict that this market will grow at a CAGR of close to 8% by 2021.
The development of whole genome technology is supporting the production of personalised medicines. One of the key trends that will stimulate growth in the global lab bioanalysis automation market during the estimated period is the growing focus on the development of personalised medicines. This in turn, will boost the need for situ hybridisation techniques. These techniques involve sample preparation and analysis through the process of automation and automation systems.
Competitive landscape and key vendors
The lab bioanalysis automation market is oligopolistic. The vendors in the lab automation in bioanalysis market are increasingly competing against each other based on factors such as product innovations and technological advances. They are also focusing on distributing and selling their respective products across the globe by developing fruitful distribution partnerships.
Key vendors in this market are -
- Agilent Technologies
- Beckman Coulter
- F. Hoffmann-La Roche
- Thermo Fisher Scientific
Other prominent vendors in the market include Aurora Biomed, Becton, Dickinson and Company, bioMérieux, Bio-Rad Laboratories, BioTek Instruments, Eppendorf, Hamilton Company, Hudson Robotics, PerkinElmer, QIAGEN, Shimadzu, Siemens Healthineers, Synchron Lab Automation, Tecan Trading, and Universal Robots.
Segmentation by product and analysis of the lab bioanalysis automation market
- Microplate readers
- Automated liquid handling systems
- Standalone robots
The automated liquid handling systems segment is experiencing growth because it is highly preferred in multiple fields of pharma and biotechnology such as microbiology, molecular biology, and genomics testing. The adoption of this system among researchers will continue to increase during the estimated period due to its ease of operation and ability to carry out a wide range of applications.
Segmentation by geography and analysis of the lab bioanalysis automation market
The rising focus on advanced technology and infrastructure in the Americas is responsible for the adoption of lab bioanalysis automation on a large scale. The presence of many key companies will further drive the popularity of various lab bioanalysis automation systems and automated bioanalytical laboratory services. Furthermore, the lab bioanalysis automation market will continue to grow in the region due to the rising demand for laboratory equipment or automation systems from pharmaceutical and healthcare companies.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global lab bioanalysis automation market?
- What are the key market trends impacting the growth of the global lab bioanalysis automation market?
- What are the challenges to market growth?
- Who are the key vendors in the global lab bioanalysis automation market?
- What are the market opportunities and threats faced by the vendors in the global lab bioanalysis automation market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global lab bioanalysis automation market?
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