Lab Automation Report: Trends, Forecast and Competitive Analysis to 2030

Lab Automation Trends and Forecast

The future of the global lab automation market looks promising with opportunities in the pharmaceutical and biotechnology company, and research and diagnostic laboratory markets. The global lab automation market is expected to reach an estimated $9.0 billion by 2030 with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are increasing usage of automated instruments for drug discovery, rising volume of benefits offered by process automation, and growing demand for high throughput analysis in labs to process large numbers of samples.

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Lab Automation by Segment

The study includes a forecast for the global lab automation by type of instrument, application, end use industry, and region

Lab Automation Market by Type of Instrument [Shipment Analysis by Value from 2018 to 2030]:

• Automated Liquid Handling Systems
• Automated Microplate Readers
• Automated Sampling Systems
• Analyzers
• Automated Storage and Retrieval Systems (ASRS)
• Others

Lab Automation Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Diagnostics
• Genomic Solutions
• Microbiology
• Drug Discovery
• Proteomic Solutions
• Others

Lab Automation Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Pharmaceutical and Biotechnology Companies
• Research and Diagnostic Laboratories
• Others

Lab Automation Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Lab Automation Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies lab automation companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the lab automation companies profiled in this report include-

• Tecan Group
• Thermo Fisher Scientific
• Danaher Corporation
• Hamilton
• F. Hoffmann-La Roche
• Qiagen
• Abbott Laboratories
• Siemens
• Perkinelmer
• Agilent Technologies

Lab Automation Market Insights

Lucintel forecast that diagnostics is expected to witness the highest growth over the forecast period due to growing demograpics, urbanization, penetration, and affordability of the treatment.

Within this market, pharmaceutical and biotechnology companies will remain the larger segment over the forecast period due to increasing geographical footprint of pharmaceutical companies across the globe.

North America will remain the largest region over the forecast period due to existence of a well-established healthcare framework, increasing demand for integrated laboratory systems, and supportive government legislation for research in the region.

Features of the Global Lab Automation Market

Market Size Estimates: Lab automation market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Lab automation market size by various segments, such as by type of instrument, application, end use industry, and region in terms of value ($B).

Regional Analysis: Lab automation market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type of instruments, applications, end use industries, and regions for the lab automation market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the lab automation market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the lab automation market size?

Answer: The global lab automation market is expected to reach an estimated $9.0 billion by 2030.

Q.2 What is the growth forecast for lab automation market?

Answer: The global lab automation market is expected to grow with a CAGR of 6.2% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the lab automation market?

Answer: The major drivers for this market are increasing usage of automated instruments for drug discovery, rising volume of benefits offered by process automation, and growing demand for high throughput analysis in labs to process large numbers of samples.

Q4. What are the major segments for lab automation market?

Answer: The future of the lab automation market looks promising with opportunities in the pharmaceutical and biotechnology company, and research and diagnostic laboratory markets.

Q5. Who are the key lab automation market companies?

Answer: Some of the key lab automation companies are as follows:

• Tecan Group
• Thermo Fisher Scientific
• Danaher Corporation
• Hamilton
• F. Hoffmann-La Roche
• Qiagen
• Abbott Laboratories
• Siemens
• PerkinElmer
• Agilent Technologies

Q6. Which lab automation market segment will be the largest in future?

Answer: Lucintel forecast that diagnostics is expected to witness the highest growth over the forecast period due to growing demograpics, urbanization, penetration, and affordability of the treatment.

Q7. In lab automation market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to existence of a well-established healthcare framework, increasing demand for integrated laboratory systems, and supportive government legislation for research in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the lab automation market by type of instrument (automated liquid handling systems, automated microplate readers, automated sampling systems,analyzers, automated storage and retrieval systems (ASRS), and others), application (diagnostics, genomic solutions, microbiology, drug discovery, proteomic solutions, and others), end use industry (pharmaceutical and biotechnology companies, research and diagnostic laboratories, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?