Global Laboratory Benchtop Automation Market 2018-2022

Global laboratory benchtop automation market forecast

The continuous advances in electrical engineering, information technology, and instrumentation have resulted in the emergence of technologically advanced products, particularly designed for the specific needs of the end-users. Compact instrument configuration extended pipetting ranges, pre-validated and compliant protocols, and newer configurations are some of the prominent innovations in the global laboratory benchtop automation market. Technavio’s market research analysis identifies increasing product innovations as one of the primary driving factors for the growth of this market during the next few years. For instance, market players including Agilent Technologies, Logos Biosystems, and Qiagen are continuously innovating with the products catering to different end-users looking forward to automating their manual benchtop tasks while saving time as well as cost. These innovations are further accelerating the demand for products which are automating redundant processes while contributing to the market growth significantly. According to laboratory benchtop automation market analysis, the market is predicted to grow at a CAGR of more than 6% by 2022.

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Increasing availability of add-on software programs is gaining traction in the laboratory benchtop automation market. Vendors have started offering laboratory automation software as an additional service with their benchtop automation systems. These software programs often resemble the manual plating procedure and are equipped with an intuitive and flexible user interface enabling the analysis of data. Thus, the rapidly increasing popularity of providing add-on software programs with benchtop automation products will further contribute to the growth of the market throughout the forecast period.

Companies covered

The laboratory benchtop automation market is characterized by the presence of both international and regional players. With the increasing availability of add-on software programs offering considerable growth opportunities, the players are increasingly focused on expanding their presence across the globe by offering laboratory automation software. To help clients improve their revenue shares in this competitive market, Technavio’s market research report on the global laboratory benchtop automation offers information about the key initiatives and strategies followed by the market players and provides an in-depth analysis of the market’s competitive landscape.

This research report provides an analysis of various companies in the global laboratory benchtop automation market including

• Agilent Technologies
• Danaher
• F. Hoffmann-La Roche
• PerkinElmer
• QIAGEN
• Thermo Fisher Scientific

Segmentation by end-user and analysis of the laboratory benchtop automation market

• Pharmaceutical and biotechnology companies
• Clinical and reference laboratories

Based on the laboratory benchtop automation market outlook, pharmaceutical and biotechnology companies accounted for the largest share in the laboratory benchtop automation market in 2017. According to Technavio’s market research analysts, the segment is likely to continue to dominate the market throughout the forecast period.

Segmentation by geography and analysis of the laboratory benchtop automation market

• Americas
• APAC
• EMEA

Americas registered the highest growth in the laboratory benchtop automation market in 2017. According to Technavio’s market research report, the region is expected to remain dominant in the laboratory benchtop automation market throughout the forecast period.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global laboratory benchtop automation market?
• What are the key market trends impacting the growth of the global laboratory benchtop automation market?
• What are the challenges to market growth?
• Who are the key vendors in the global laboratory benchtop automation market?
• What are the market opportunities and threats faced by the vendors in the global laboratory benchtop 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 laboratory benchtop automation market?

Technavio also offers customization on reports based on specific client requirement.