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Lab Automation Market to Witness a Pronounce Growth by 2026

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The Global Lab Automation Market was valued at US$ 5,218.3 million in 2016 and is expected to witness a CAGR of 4.8% over the forecast period (2017 – 2025).
Lab Automation Market to Witness a Pronounce
Growth by 2026
Lab Automation Market, by Product Type (Automated Liquid Handling System,
Micro plate Reader, Automated Storage and Retrieval System, Automated
ELISA System, Automated Nucleic acid purification system, Robotic system,
Software, Others), By Application (Drug Discovery, Clinical Diagnostics,
Genomics, Proteomics, Cell Biology and Other Applications), By End User
(Pharmaceutical And Biotechnology Companies, Diagnostics Laboratories,
Research and Academic Institutions) and by Region - Global Trends, and
Forecast to 2025
Lab automation systems incorporates use of high end equipment’s and software into various laboratory
procedure such as sample preparation with reagent mixing, pipetting out sample, performing sample
analysis for characterization of the compound in the sample, sensitive lab ware movement, liquid
dispensing assay performance, and cell culture preparation. Lab automation systems provides
advantage such as precision in operations, saving time by performing batch operations, and accuracy of
data due to minimizing human error. It also prevents sample wastage (in case sample having very low
yield). Increasing applications of lab automation in research laboratory is creating potential opportunity
for growth of the market.
The Global Lab Automation Market was valued at US$ 5,218.3 million in 2016 and is expected to
witness a CAGR of 4.8% over the forecast period (2017 – 2025).
Market Dynamics
Major factor driving growth of the lab automation market include the need for accurate diagnosis in
less time with minimum error. For instance, ELISA test is utilized in diagnosis of diseases such as Zika,
AIDS, rotavirus, syphilis, and chickenpox. These diseases has high prevalence worldwide and frequent
outbreaks of the same as infectious disease may promote use of automated ELISA systems. Increasing
use of the DNA sample in diagnostics with tedious procedure involved in it is expected to propel
growth of the lab automation market. Pharmaceutical companies worldwide are involved in genomics
research, there is increasing research spending and collaboration with genomics firms by
pharmaceutical and biotechnological companies in which lab automation will play crucial role.
In April 2016, AstraZeneca launched project to sequence genome of over 2 million people by
collaborating with biotech firm Human Longetivity, Inc., and other academic institutions. In March
2015, Genomics England announced to partner with 10 pharmaceutical and biotechnological
companies to develop new diagnostics and treatments for cancer patient and rare disease, using the
genomic sequences gathered through the 100,000 Genomes Project.
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Research and development conducted by pharmaceutical and biotech companies is fueling
growth of the global lab automation market
Integration of the lab automation system reduces the time required for preclinical studies by lead
molecule failure due to precision in procedure. Steps involved in drug development such as screening
and lead optimization, sample assay development, and ADME (Absorption, Distribution, Metabolism
and Excretion)-toxicological studies majorly require lab automation equipment. For instance, assay
development can be performed in real-time for large volume of new drug samples with the help of
micrometer plate. Furthermore, high throughput screening of ADME samples can be performed with
liquid handling system through automated cell permeability, drug solubility, in vitro drug metabolism,
protein binding studies, and compound characterization procedures.
Detailed Segmentation:
•Global Lab Automation Market, By Product Type:
•Automated Liquid Handling System
•Microplate Reader
•Automated Storage And Retrieval System
•Automated ELISA System
•Automated Nucleic Acid Purification System
•Robotic Systems
•Software
•Others
•Global Lab Automation Market, By Application:
•Drug Discovery
•Clinical Diagnostics
•Genomics Solutions
•Proteomics Solutions
•Cell Biology
•Others
•Global Lab Automation Market, By End User:
•Pharmaceutical and Biotech Companies
•Diagnostics Laboratories
•Research and Academic Institutes
Increasing research and development in personalized medicine to drive growth of the lab
automation market
Lab automation market is expected to gain significant traction in near future due to advancements in
personalized medicine by utilizing tools of genome engineering. For instance, immuno-oncology
utilizes CAR-T cell therapy for isolation of T cells from patients, which then genetically engineered to
produce receptors on their surface called chimeric antigen receptors and such cells are multiplied by in
vitro methods. Most of the steps involved in this procedure require lab automation equipment. For
instance, automated liquid handling system would boost the assay and sample preparation of CAR-T
cells, automated storage and retrieval system helps in efficient preservation and storage of original and
multiplied T cells, which are to be administered in patient’s body.
Competitive Analysis
Key companies covered as a part of this study include Tecan Group Ltd., PerkinElmer Inc., BeckmannCoulter Inc., Thermo Fisher Scientific, QIAGEN, Agilent Technologies, Hamilton Robotics, Abbot
Diagnostics Inc., Eppendorf, Roche Diagnostics, and Siemens Healthineers.
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Author
ravikiran
ravikiran303   documents Email
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