0

Laboratory Automation Systems Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Feb 2021
  • Pages: 120
  • SKU: IRTNTR70151
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

According to research report laboratory, the automation systems market will witness a growth of 7.49 % at a CAGR of 8% which is expected to increase by USD 1.47 billion for the forecast period 2021 to 2026.

This laboratory automation systems market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers laboratory automation systems market segmentation by end-user (pharmaceutical and biotechnology companies, clinical and reference laboratories, and academic institutes and research organizations) and geography (North America, Europe, Asia, and ROW). The laboratory automation systems market report also offers information on several market vendors, including Abbott Laboratories, Agilent Technologies Inc., Becton, Dickinson and Co., bioMerieux SA, BioTek Instruments Inc., Danaher Corp., F. Hoffmann-La Roche Ltd., PerkinElmer Inc., QIAGEN NV, and Thermo Fisher Scientific Inc. among others.

What will the Laboratory Automation Systems Market Size be During the Forecast Period?

Laboratory Automation Systems Market Size

Download Report Sample to Unlock the Laboratory Automation Systems Market Size for the Forecast Period and Other Important Statistics

Parent Market Analysis

Our Technavio Research categorizes the global laboratory automation systems market belonging to Life Sciences Tools & Services industry. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the laboratory automation systems market during the forecast period.

Laboratory Automation Systems Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2020 as the base year, and 2021 as the estimated year.

Key Laboratory Automation Systems Market Driver

One of the key factors driving growth in the laboratory automation systems market is the increased use of software services for better analysis. Vendors have started offering software as an additional service with their laboratory automation systems to maintain customer loyalty and ensure quality results. These software services are equipped with an intuitive and flexible user interface, which enables the analysis of data samples. These software services resemble the manual plating procedure. Apart from being compliant with regulatory recommendations such as the Certificates of Analysis (COA) and the Certificates of Conformance (COC), these software services can be altered according to the needs of end-users. in July 2019, Abbott introduced STARLIMS Life Sciences Solution 11.1, a laboratory information management system, which is designed to support manage complex sample and testing workflow. This system also helps propel data safety and integrity throughout the complete lifecycle. STARLIMS Life Sciences Solution 11.1 is developed for several applications, such as academic research, specialty diagnostics, and pre-clinical and clinical research, for managing and testing clinical samples. Thus, such software services have been designed specifically for life sciences research and enhance the drug discovery process. Additionally, these programs support real-time analysis and save and send the data in several common file formats. They have built-in calculations for data analysis and help save time and generate high-quality results, thereby driving the market. 

Key Laboratory Automation Systems Market Challenge

The lack of adoption of automated solutions by small-scale and medium-scale laboratories will be a major challenge for the laboratory automation systems market during the forecast period. Medium and small-scale laboratories handle a lower volume of samples, as they are mostly established to address specific applications such as diagnosis and testing of biological samples. These laboratories lack adequate budgets, staff, or planning. Therefore, they do not prioritize automation. Moreover, small-and medium-scale laboratories are reluctant to procure laboratory automation systems due to a lack of floor space. Large-scale facilities can afford automated solutions such as laboratory automation systems for processes such as profiling of chemically relevant compounds, high-content screening (HCS), and large-scale cell culture development and maintenance. Small and medium-scale laboratories cannot use such technologically advanced products due to lack of space and budget. Also, professionals managing small-scale laboratories lack the knowledge required to understand the benefits of automation. The high maintenance and service costs related to laboratory informatics solutions also form a major challenge, as the maintenance cost of IT solutions is usually more than the actual price of the software. Therefore, cost, technological ineptness, and lack of knowledge pertaining to the use of automated systems affect the adoption of automated solutions like laboratory automation systems by small- and medium-scale laboratories. 

This laboratory automation systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Laboratory Automation Systems Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Abbott Laboratories
  • Agilent Technologies Inc.
  • Becton, Dickinson and Co.
  • bioMerieux SA
  • BioTek Instruments Inc.
  • Danaher Corp.
  • F. Hoffmann-La Roche Ltd.
  • PerkinElmer Inc.
  • QIAGEN NV
  • Thermo Fisher Scientific Inc.

 

This statistical study of the laboratory automation systems market encompasses successful business strategies deployed by the key vendors. The laboratory automation systems market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Abbott Laboratories - The company offers ACCELERATOR a3600 that provides the power and flexibility to meet the needs of the laboratory, both today and in the future. Combined with informatics and lean principles, the ACCELERATOR a3600 maximizes efficiency by providing consistent, predictable sample management and helps improve patient care by minimizing opportunities for error. Under the Established Pharmaceuticals Products segment, the company manufactures medicines for established and emerging markets. Under the Nutritional Products segment, the company offers a line of pediatric and adult nutritional products.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The laboratory automation systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Laboratory Automation Systems Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the laboratory automation systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Laboratory Automation Systems Market?

Laboratory Automation Systems Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

40% of the market’s growth will originate from North America during the forecast period. The US is the key market for laboratory automation systems in North America. Market growth in this region will be faster than the growth of the market in the European regions.

In 2020, North America was the largest contributor to the global laboratory automation systems market, with the US being the leading country. Factors such as significant investments made in the field of precision medicine, genomics, and proteomics; strong distribution networks; the increasing focus of pharmaceutical companies on drug discovery and development; and presence of strong players such as Danaher, Abbott, Agilent Technologies, and Thermo Fisher Scientific drive the market in the US. This will facilitate the laboratory automation systems market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Laboratory Automation Systems Market?

Laboratory Automation Systems Market Share

To gain further insights on the market contribution of various segments Request a PDF Sample

The laboratory automation systems market share growth by the pharmaceutical and biotechnology companies segment will be significant during the forecast period. The increased focus of pharmaceutical and biotechnology companies on applications such as high-content screening (HCS) and the use of laboratory automation systems for drug discovery solutions have led to a substantial rise in productivity in the drug discovery process, which is driving the growth of the pharmaceutical and biotechnology companies segment. The number of pharmaceutical and biotechnology companies has increased due to the rise in healthcare expenditure. For instance, in 2018, the percentage of GDP allocated to the healthcare expenditure in Switzerland and France was 12.2% and 11.2%, respectively. Similarly, as per the World Health Organization (WHO) Global Health Expenditure Database, healthcare expenditure accounted for 16.9% of the GDP in 2018 in the US. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the laboratory automation systems market size and actionable market insights on post-COVID-19 impact on each segment.

 

Laboratory Automation Systems Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8%

Market growth 2021-2025

$ 1.47 billion

Market structure

Fragmented

YoY growth (%)

7.49

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 40%

Key consumer countries

US, Germany, UK, China, and Japan

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

Abbott Laboratories, Agilent Technologies Inc., Becton, Dickinson and Co., bioMerieux SA, BioTek Instruments Inc., Danaher Corp., F. Hoffmann-La Roche Ltd., PerkinElmer Inc., QIAGEN NV, and Thermo Fisher Scientific Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Laboratory Automation Systems Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive laboratory automation systems market growth during the next five years
  • Precise estimation of the laboratory automation systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the laboratory automation systems market industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of laboratory automation systems market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Executive Summary

    Market Landscape

    • Market ecosystem
    • Market characteristics
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Pharmaceutical and biotechnology companies - Market size and forecast 2020-2025
    • Clinical and reference laboratories - Market size and forecast 2020-2025
    • Academic institutes and research organizations - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • Asia - Market size and forecast 2020-2025
    • ROW - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Competitive scenario
    • Vendor landscape
    • Landscape disruption
    • Industry risks

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Abbott Laboratories
    • Agilent Technologies Inc.
    • bioMerieux SA
    • BioTek Instruments Inc.
    • Danaher Corp.
    • F. Hoffmann-La Roche Ltd.
    • PerkinElmer Inc.
    • QIAGEN NV
    • Thermo Fisher Scientific Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your sample now!
    Laboratory Automation Systems market growth will increase by $1473.32 million during 2020-2025.
    The laboratory automation systems market is expected to grow at a CAGR of 8.13% during 2020-2025.
    Technavio has segmented the laboratory automation systems market by end user (Pharmaceutical and biotechnology companies, Clinical and reference laboratories, and Academic institutes and research organizations) and geographic (North America, Europe, Asia, and ROW).
    Abbott Laboratories, Agilent Technologies Inc., Becton, Dickinson and Co., bioMerieux SA, BioTek Instruments Inc., Danaher Corp., F. Hoffmann-La Roche Ltd., PerkinElmer Inc., QIAGEN NV, Thermo Fisher Scientific Inc. are a few of the key vendors in the laboratory automation systems market.
    North America will register the highest growth rate of 39.93% among the other regions. Therefore, the laboratory automation systems market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the laboratory automation systems market growth are:
    • Increased use of software services for better analysis
    The laboratory automation systems market vendors should focus on grabbing business opportunities from the pharmaceutical and biotechnology companies segment as it accounted for the largest market share in the base year.
    • What are the key global market and the regional market share?
    • What are the revenue-generating key market segments?
    • What are the key factors driving and challenging this market’s growth?
    • Who are the key market vendors and their growth strategies?
    • What are the latest trends influencing the growth of this market?
    • What are the variables influencing the market growth in the primary regions?
    • What are the factors influencing the growth of the parent market?
    • Off-the-shelf research reports
    • Reports can be tailored to meet the customer's needs
    • Trusted by more than 100 fortune 500 organizations
    • Information about the market's key drivers, trends, and challenges
    • Parent market analysis
    • Every week, 50,000 people visit our subscription platform
    • Detailed vendors report with competitive landscape
    • Covid-19 impact and recovery analysis
    • Data on revenue-generating market segments
    • Details on the market shares of various regions
    • Five-force market analysis

    Certified ISO 9001 : 2015

    We are ISO recognized

    We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

    We are GDPR and CCPA compliant

    We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

    Safe and Secure SSL Encrypted
    Technavio

    info
    close
    • Single:

      One user only.
      Quick & easy download option

    • Enterprise:

      Unlimited user access (Within your organization)
      Complimentary Customization Included

    2500 USD

    Technavio Get the report (PDF) sent to your email within minutes.

    Subscribe & Save

    Get lifetime access to our
    Technavio Insights

    Customized Report as per your Business Needs

    • Our analysts will work directly with you and understand your needs
    • Get data on specified regions or segments, competitor and Vendors
    • Data will be formatted and presented as per your requirements
    • We offer $1000 worth of FREE customization at the time of purchase

    Let us help you make report more suited to your requirements.

    • Get a competitive breakdown as per your niche industry
    • Customize the data with various metrics that meet your business prerequisite
    • Understand Revenue Sources, Customers and many more
    • Details on Market Share
    • These customizations are done in a short amount of time by our analysts and industry experts
    Technavio
    Enquire Before Buying
    17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>