Lab automation market to reach USD 8.5 billion by 2033

As per the study initiated by Evolve Business Intelligence, the global Lab Automation market size accounted for USD 5.1 Billion in 2022, growing at a CAGR of 6.5% from 2023 to 2033. The Lab Automation market is driven by various factors including the need to reduce manual errors, the rising demand for high throughput screening in drug discovery, and increasing investments in R&D activities. Additionally, the adoption of lab automation systems by biotech and pharmaceutical companies for drug development is expected to contribute to market growth.

Evolve Business Intelligence has published a new market research report on Global Lab Automation Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

In terms of Covid-19 impact, the lab automation market report also includes the following data points:

• Covid-19 Impact on lab automation market size
• End-user/industry/application trend, and preferences
• Government policies/regulatory framework
• Key players strategy to tackle negative impact/post-Covid strategies
• Opportunity in lab automation market

Key players
Some of the major Lab Automation players holding high market share include BioMerieux SA, Danaher Corporation, F. Hoffmann-La Roche AG, Hamilton Robotics. These players use new product development/partnership as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:

• Agilent Technologies, Inc.
• BioMerieux SA
• Danaher Corporation
• Hoffmann-La Roche AG
• Hamilton Robotics
• PerkinElmer, Inc.
• Qiagen N.V.
• Siemens AG
• Tecan Group Ltd.
• Thermo Fisher Scientific Inc.

Segmental analysis
Market segment by product type with focus on market share, consumption trend, and growth rate of lab automation market:

• Equipment
• Software & informatics

Market segment by application with focus on market share, consumption trend, and growth rate of lab automation market:

• Drug discovery
• Clinical diagnostics
• Genomics solutions,
• Proteomics solutions

Market segment by end userwith a focus on market share, consumption trend, and growth rate of lab automation market:

• Biotechnology & pharmaceutical industries
• Research institutes
• Others

EvolveBI