The Lab Automation market research report significantly contemplates the medical device market to give important and solid conjecture estimation that drives the key market player to get extensive market situation for upcoming future. The Lab Automation market report encourages manufacturers and authorities with analysis dependent on upcoming speculation openings, difficulties, dangers, and prompts them to accurately design their future exercises. The report further clarifies the execution of the medical device market from the most recent five years. It additionally features the benefit making business systems of the contender, which incorporate late acquisitions, mergers, item dispatches, and every special movement.
The Lab Automation report underscores an intensive analysis dependent on driving that portrays how the vigorous contenders perform in the market? What are their qualities and shortcomings? What drives them to achieve their objective clients? Contender’s nitty gritty profiles incorporate corporate administration, hierarchical structure, successful assembling procedure, creation cost, and estimating structure contained in the report. Besides, contender’s money related details, for example, income model, esteem chain, deals volume, overall revenues, and CAGR are additionally evaluated in this report.
Market Analysis: Lab Automation Market
The Lab Automation Market accounted to USD 5.8 billion in 2016 growing at a CAGR of 7.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Major Market Drivers and Restraints:
Increased adoption of miniaturization process resulting in low reagent cost and high productivity
Increased government funding for the development of biotech and drug discovery research
Increasing drug discovery and clinical diagnostics
High initial investments
Compatibility and portability issues resulting in reduced adoption of lab automation in small laboratories
Market Segmentation: Lab Automation Market
By Equipment the market for lab automation is segmented into automated liquid handlers, automated plate handlers, robotic arm, automated storage and retrieval systems.
By software the lab automation market is segmented into laboratory information management system, laboratory information system, chromatography data system, electronic lab notebook, scientific data management system.
On the basis of analyzer the market is segmented into biochemistry analyzers, immuno-based analyzers, hematology analyzers segments. By application the segmentation of the market is drug discovery, genomics, proteomics, protein engineering, bio analysis, analytical chemistry, system biology, clinical diagnostics, lyophilization. Based on end user the lab automation market is segmented into biotechnology & pharmaceuticals, hospitals, research institutions, academics, private labs.
On the basis of geography, lab automation market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Competitive Analysis: Lab Automation Market
The lab automation market is highly fragmented and is based on new product launches. Hence the major players have used various strategies such as new product launches, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of lab automation market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Lab Automation Market
Some of the major players operating in lab automation market are Tecan Group Ltd., Perkinelmer, Inc., Danaher Corporation, Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Qiagen N.V., Roche Holding AG, Siemens AG, Hamilton Robotics, Inc., Biomérieux SA among others.
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