The Lab Automation Market is anticipated to grow at a CAGR of around 15% by 2035, claims Roots Analysis

Jan 04, 2024

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30 Aug, 2023, 12:30 ET

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Owing to the advanced features and cost-saving potential of automation, stakeholders in the healthcare industry are adopting lab automation systems in order to get precise results and reduce deviations occurring due to manual handling

LONDON, Aug. 30, 2023 /PRNewswire/ -- Roots Analysis has announced the addition of "Lab Automation Market, 2023-2035" report to its list of offerings.

The diverse applications of lab automation systems, including advanced data management, high reproducibility and increased productivity in the biotechnology and pharmaceutical industries, have allowed the researchers to focus on more complex tasks. As a result, several stakeholders have been engaged in the manufacturing of user-friendly, controlled and automated instruments that can be customized as per the needs of the laboratory.

To order this 230+ slide report, which features 120+ figures and 120+ tables, please visit

https://www.rootsanalysis.com/reports/lab-automation-market.html

Key Market Insights

Around 350 companies claim to manufacture lab automation systems, globally

The market landscape is highly distributed, with 36% of the stakeholders headquartered in Europe, followed by firms based in North America (33%), and Asia-Pacific and Rest of the World (31%). Further, the current market is dominated by the presence of mid-sized players (51-500 employees), representing around 35% of the total manufacturers.

More than 90% players claim to manufacture instruments for the pre-analytical stage of automation

Close to 50% of the lab automation instrument manufacturers are focused on automated liquid handling systems, followed by companies manufacturing automated assay systems (48%) and automated nucleic acid extraction systems (37%). It is worth mentioning that 13% of the players claim to be one-stop shops, manufacturing instruments for total lab automation.

Partnership activity within this domain has increased at a CAGR of ~25%, between 2018 and 2022

More than 60% of the deals were signed post-2020, with the maximum partnership activity being reported in 2022. Further, acquisitions emerged as the most common type of partnership model adopted by lab automation system manufacturers, representing 22% of the total deals, followed by product development agreements (17%).

Over 6,200 patents related to lab automation in the healthcare industry have been filed / granted, since 2018

Close to 80% of the total patents were filed / granted in Asia-Pacific, highlighting the active innovation focused efforts ongoing in the region. Further, both industry as well as non-industry, players are active in patent filing activity for various lab automation instruments.

North America and Europe are anticipated to capture a larger share (~65%) of the market by 2035

The current market is expected to be primarily driven by the pre-analytical stage of automation (46%) and this trend is unlikely to change in the future as well. Further, in terms of end users, the biotechnology and pharmaceutical industries are anticipated to dominate the market, capturing over 50% of the market share in 2035.

To request a sample copy / brochure of this report, please visit

https://www.rootsanalysis.com/reports/lab-automation-market.html

Key Questions Answered

The financial opportunity within the lab automation market has been analysed across the following segments:

The opinions and insights presented in the report were influenced by discussions held with senior stakeholders in the industry. The report features detailed transcripts of interviews and surveys held with the following experts:

The report also includes detailed profiles of the key players (listed below) engaged in the manufacturing of lab automation systems; each profile features a brief overview of the company, its financial information (if available), details on the product portfolio, recent developments and an informed future outlook.

For additional details, please visit

https://www.rootsanalysis.com/reports/lab-automation-market.html or email [email protected]

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Contact:

Gaurav Chaudhary+1 (415) 800 3415+44 (122) 391 1091[email protected]

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SOURCE Roots Analysis