The global laboratory automation market reached a value of US$ 4.3 Billion in 2017. The market value is further projected to reach US$ 5.9 Billion by 2023, exhibiting a CAGR of around 5% during 2018-2023. Laboratory automation can be defined broadly as any device, software or process that requires minimal human intervention and improves the efficiency of the laboratory. Laboratory automation may include the use of robots, conveyors, software, machine vision, etc.
Laboratory automation has played a major role in saving time, reducing costs, eliminating human error and improving the efficiency of experiments. As a result, automation has moved past the “nice to have” to the “must have” in the modern laboratory. Laboratory teams today are continually looking for ways to increase their efficiency and improve the long-term value of their operations. Organisations are now adopting laboratory automation solutions to enhance their work and maximize the efficiency of their testing processes.
Market Drivers:
- Laboratory automation is playing a major role in maximizing the accuracy of laboratory results and minimizing human errors to ensure that work is completed efficiently. It also enables the laboratory to deliver the reports quickly ensuring that actionable data is available on a short notice for review.
- Automation is also enabling laboratories to reduce manual work. Automation solutions can complete many testing processes that would otherwise require significant amount of manual work. Labor costs account for a significant share of the total laboratory costs. Moreover, automation systems improve the productivity of labs and reduce the increase in costs that may arise due to wastage.
- The application of automation systems has also led to a significant increase in the productivity of the drug discovery process. These systems can operate for long hours with minimal monitoring and instruction. They also allow more time for researchers to focus on their core work and reduce their time on repetitive tasks
- Automated testing solutions enable the ideal ways to protect data and ensure that it is easily available for lab teams. These systems also improve productivity of lab teams as they can track everything that happens to a sample, enabling them to view its entire history.
Market Summary:
- Based on the type, the market has been segmented into modular automation and whole lab automation. Modular automation currently dominates this market.
- Based on the equipment/software type, the market has been segmented into automated clinical laboratory systems and automated drug discovery laboratory systems. Currently, automated clinical laboratory systems represents the larger segment. The automated clinical laboratory systems have been further segmented into automated workstations, LIMS, sample transport systems, specimen handling systems and storage retrieval systems. Similarly, the automated drug discovery laboratory systems have been further segmented into automated plate readers, liquid handling systems, LIMS, robotics, storage retrieval systems and dissolution testing systems.
- Based on the end-users, the market has been segmented into biotechnology and pharmaceutical companies; hospitals and diagnostic laboratories; and research and academic institutes.
- Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Amongst these, North America is the biggest market.
- The competitive landscape of the market has also been examined with some of the key players being Danaher, PerkinElmer, Tecan Group, Thermo Fisher, Abbott Diagnostics, Agilent Technologies, Aurora Biomed, Becton Dickinson, BioMérieux, Biotek Instruments, Brooks Automation, Cerner, Eppendorf, Hamilton Storage Technologies, LabVantage Solutions, Labware, Olympus, Qiagen, Roche Holding, Siemens Healthcare, etc.
This report provides a deep insight into the global laboratory automation market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the laboratory automation market in any manner.
Key Questions Answered in This Report:
- How has the global laboratory automation market performed so far and how will it perform in the coming years?
- What is the breakup of the global laboratory automation market on a regional basis?
- What is the breakup of the global laboratory automation market on the basis of product type?
- What is the breakup of the global laboratory automation market on the basis of equipment/software type?
- What is the breakup of the global laboratory automation market on the basis of end-user?
- What are the various stages in the value chain of the global laboratory automation industry?
- What are the key driving factors and challenges in the global laboratory automation market?
- What is the structure of the global laboratory automation market and who are the key players?
- What is the degree of competition in the global laboratory automation market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Laboratory Automation Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Type
5.4 Market Breakup by Application
5.5 Market Breakup by End-User
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
6 Market Breakup by Type
6.1 Modular Automation
6.2 Whole Lab Automation
7 Market Breakup by Equipment and Software Type
7.1 Automated Clinical Laboratory Systems
7.1.1 Workstations
7.1.2 LIMS (Laboratory Information Management Systems)
7.1.3 Sample Transport Systems
7.1.4 Specimen Handling Systems
7.1.5 Storage Retrievel Systems
7.2 Automated Drug Discovery Laboratory Systems
7.2.1 Plate Readers
7.2.2 Automated Liquid Handling Systems
7.2.3 LIMS (Laboratory Information Management Systems)
7.2.4 Robotic Systems
7.2.5 Storage Retrievel Systems
7.2.6 Dissolution Testing Systems
8 Market Breakup by End-User
8.1 Biotechnology and Pharmaceutical Companies
8.2 Hospitals and Diagnostic Laboratories
8.3 Research and Academic Institutes
9 Market Breakup by Region
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Middle East and Africa
9.5 Latin America
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 Danaher
10.3.2 PerkinElmer
10.3.3 Tecan Group
10.3.4 Thermo Fisher
10.3.5 Abbott Diagnostics
10.3.6 Agilent Technologies
10.3.7 Aurora Biomed
10.3.8 Becton, Dickinson and Company
10.3.9 BioMérieux
10.3.10 Biotek Instruments
10.3.11 Brooks Automation
10.3.12 Cerner
10.3.13 Eppendorf
10.3.14 Hamilton Storage Technologies
10.3.15 LabVantage Solutions
10.3.16 Labware
10.3.17 Olympus
10.3.18 Qiagen
10.3.19 Roche Holding
10.3.20 Siemens Healthcare
List of Figures
Figure 1: Global: Laboratory Automation Market: Major Drivers and Challenges
Figure 2: Global: Laboratory Automation Market: Sales Value (in Billion US$), 2010-2017
Figure 3: Global: Laboratory Automation Market: Breakup by Type (in %), 2017
Figure 4: Global: Laboratory Automation Market: Breakup by Equipment and Software Type (in %), 2017
Figure 5: Global: Laboratory Automation Market: Breakup by End-User (in %), 2017
Figure 6: Global: Laboratory Automation Market: Breakup by Region (in %), 2017
Figure 7: Global: Laboratory Automation Market Forecast: Sales Value (in Billion US$), 2018-2023
Figure 8: Global: Laboratory Automation Industry: SWOT Analysis
Figure 9: Global: Laboratory Automation Industry: Value Chain Analysis
Figure 10: Global: Laboratory Automation Industry: Porter’s Five Forces Analysis
Figure 11: Global: Laboratory Automation Market (Modular Automation): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 12: Global: Laboratory Automation Market (Whole Lab Automation): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 13: Global: Laboratory Automation Market (Automated Clinical Laboratory Systems): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 14: Global: Automated Clinical Laboratory Systems Market (Workstations): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 15: Global: Automated Clinical Laboratory Systems Market (LIMS): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 16: Global: Automated Clinical Laboratory Systems Market (Sample Transport): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 17: Global: Automated Clinical Laboratory Systems Market (Specimen Handling): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 18: Global: Automated Clinical Laboratory Systems Market (Storage Retrievel): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 19: Global: Laboratory Automation Market (Automated Drug Discovery Laboratory Systems): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 20: Global: Automated Drug Discovery Laboratory Systems Market (Plate Readers): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 21: Global: Automated Drug Discovery Laboratory Systems Market (Liquid Handling): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 22: Global: Automated Drug Discovery Laboratory Systems Market (LIMS): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 23: Global: Automated Drug Discovery Laboratory Systems Market (Robotics): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 24: Global: Automated Drug Discovery Laboratory Systems Market (Storage Retrievel): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 25: Global: Automated Drug Discovery Laboratory Systems Market (Dissolution Testing): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 26: Global: Laboratory Automation Market (in Biotechnology and Pharmaceutical Companies): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 27: Global: Laboratory Automation Market (in Hospitals and Diagnostic Laboratories): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 28: Global: Laboratory Automation Market (in Research and Academic Institutes): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 29: North America: Laboratory Automation Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 30: Europe: Laboratory Automation Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 31: Asia Pacific: Laboratory Automation Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 32: Middle East and Africa: Laboratory Automation Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 33: Latin America: Laboratory Automation Market: Sales Value (in Million US$), 2010, 2017 & 2023
List of Tables
Table 1: Global: Laboratory Automation Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Laboratory Automation Market Forecast: Breakup by Type (in Million US$), 2018-2023
Table 3: Global: Laboratory Automation Market Forecast: Breakup by Equipment and Software Type (in Million US$), 2018-2023
Table 4: Global: Laboratory Automation Market Forecast: Breakup by End-User (in Million US$), 2018-2023
Table 5: Global: Laboratory Automation Market Forecast: Breakup by Region (in Million US$), 2018-2023
Table 6: Global: Laboratory Automation Market Competitive Structure
Table 7: Global: Laboratory Automation Market: Key Players