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Lab automation market

Lab automation utilizes high end automated equipmentu2019s such as automated liquid handling system, microplate reader, and automated storage and retrieval system. It also include softwareu2019s to perform variety of routine lab procedure such as sample analysis, assay performance, mixing of sample, storage of sample, and many other procedures. Lab automation allows improved productivity with less operational time and more accuracy by minimizing the human error in the operational tasks. Automated liquid handling system can perform three different procedures simultaneously such as sample preparation, reagent addition to different plates having samples, and movement of lab ware from periphery to front area of desk.<br>

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Lab automation market

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  1. Lab Automation Market,by Product Type,By Lab Automation Market,by Product Type,By Application,By End User and by Region-Global Application,By End User and by Region-Global Trends,and Forecast to 2025 Trends,and Forecast to 2025 Lab Automation is a multi-disciplinary approach to develop and optimize on technologies in the laboratory, in order to improve the medical tests and processes. It has replaced the manual steps with automated processes, which were potentially dangerous and error-prone. The global lab automation market is estimated to account for US$ 4,477.0 Mn in terms of value in 2020 and is expected to reach US$ 6,262.3 Mn by the end of 2027. Global Lab Automation Market: Drivers Global Lab Automation Market: Drivers Increasing demand for lab automation in the pharmaceutical and biotechnology sector is expected to propel growth of the global lab automation market over the forecast period. Lab automation utilizes high end automated equipment such as automated liquid handling system, microplate reader, and automated storage and retrieval system. It also include software to perform variety of routine lab procedure such as sample analysis, assay performance, mixing of sample, storage of sample, and many other procedures. Lab automation allows improved productivity with less operational time and more accuracy by minimizing the human error in the operational tasks. Automated liquid handling system can perform three different procedures simultaneously such as sample preparation, reagent addition to different plates having samples, and movement of lab ware from periphery to front area of desk. Moreover, increasing prevalence of chronic diseases is also expected to aid in growth of the market. For instance, according to the American Cancer Society, in 2019, there will be an estimated 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the U.S.

  2. Liquid handling products held dominant position in the global lab automation market in 2019, accounting for 40.3% share in terms of value, followed by Microplate reader and Robotics and Others, respectively. Get PDF Brochure Of This Research Report @ Get PDF Brochure Of This Research Report @ https://www.coherentmarketinsights.com/insight/request-pdf/1334 https://www.coherentmarketinsights.com/insight/request-pdf/1334 Global Lab Automation Market: Restraints Global Lab Automation Market: Restraints High cost of automation is expected to hinder growth of the global lab automation market. The high cost of automation is one of the objections that each laboratory faces. The higher investment resists the laboratories to buy the product. Moreover, the need to expand or remodel the laboratory’s workspace serves as a barrier in implementation of the lab automation, as it serves as an extra burden on the costing. Market Trends/Key Takeaways Market Trends/Key Takeaways Increasing number of clinical trials is expected to propel growth of the global lab automation market. For instance, according to the U.S. National Library of Medicine, the number of clinical trials conducted in the U.S. increased from 30,978 in 2018 to 32,523 in 2019. Moreover, development and launch of novel lab automation solutions is also expected to aid in growth of the market. For instance, in January 2018, Hamilton Company developed a method for automating the library preparation of SOPHiA GENETICS’ CE-IVD marked hereditary cancer solution application in an advanced and flexible way through microlet automated workflow system. Global Lab Automation Market: Competitive Landscape Global Lab Automation Market: Competitive Landscape

  3. Major players operating in the global lab automation market include, Tecan Group Ltd., PerkinElmer Inc., Danaher Corporation, Thermo Fisher Scientific, QIAGEN, Agilent Technologies, Hamilton Company, COPAN Diagnostics, Inc., Abbot Diagnostics, Eppendorf, Roche Diagnostics, Siemens Healthineers, UiPath, and Porvair Sciences. Research Methodology Research Methodology Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include: Primary Research (Trade Surveys and Experts Interviews) Primary Research (Trade Surveys and Experts Interviews) • Desk Research Desk Research • Proprietor Data Analytics Model Proprietor Data Analytics Model • In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings. Request Sample Copy of Research Report @ Request Sample Copy of Research Report @ https://www.coherentmarketinsights.com/insight/request-sample/1334 https://www.coherentmarketinsights.com/insight/request-sample/1334 Global Lab Automation Market: Key Developments Global Lab Automation Market: Key Developments Major players in the market are focused on launching new products to expand their product portfolio For instance, in July 2020, Porvair Sciences, a manufacturer of microplates & microplate

  4. instruments, launched a new range of low-profile deep well microplates - optimized for laboratory automation. Major players in the market are also focused on adopting collaboration strategies to expand their product portfolio. For instance, in April 2020, Hamilton Company and Integrated Micro- Chromatography Systems launched the affinityPure STAR assay ready workstation as part of their ongoing collaboration. About Coherent Market Insights About Coherent Market Insights Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us Contact Us Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: Email: sales@coherentmarketinsights.com sales@coherentmarketinsights.com

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