United States Laboratory Automation Market to Grow at 6.3% During 2024-2032, Bolstered by Technologically Innovative Solutions

December 07, 2020 | Technology & Media

According to the recent report by IMARC Group, titled “United States Laboratory Automation Market Report by Type (Modular Automation, Whole Lab Automation), Equipment and Software Type (Automated Clinical Laboratory Systems, Automated Drug Discovery Laboratory Systems), End User (Biotechnology and Pharmaceutical Companies, Hospitals and Diagnostic Laboratories, Research and Academic Institutes), and Region 2024-2032,” the laboratory automation market in United States reached a value of US$ 2,737.1 Million in 2023. Laboratory automation involves the usage of any software, device, or process in laboratories for scientific research. It may require a combination of conveyor systems, robots, computer hardware and software, and mechanical systems to operate in an automated method. Laboratory automation requires minimal human intervention, improves the safety as well as the accuracy of work, and minimizes the overall time involvement. Moreover, it offers a real-time analysis that eliminates human errors, thereby reducing the workload. As a result, several organizations in the United States are adopting laboratory automation solutions to boost their profit returns, maximize efficiency, and improve testing capacity.

United States Laboratory Automation Market Trends:

Major pharmaceutical companies like Johnson & Johnson, Pfizer, Novartis, and GlaxoSmithKline have a strong foothold in the United States. Moreover, it has the highest number of contract research organizations (CROs). Technological advancements in the pharmaceuticals and biomedicine fields have increased the incorporation of automated modular laboratories, thereby propelling the market growth. Apart from this, increasing biomedical research, clinical trials, and drug discovery activities have also provided a thrust to the growth of the market. Furthermore, the outbreak of the coronavirus disease (COVID-19) has led to the incorporation of automated solutions in existing labs to eliminate human involvement and attenuate the risk of virus transmission during sample testing. This has significantly impacted the demand for automated solutions in the United States. Additionally, market players are innovating with their services. For instance, Beckman Coulter received clearance from the USFDA in October 2019 for the DxA 5000 lab automation system, which offers a consistent turnaround period and generates an automated patient-oriented workflow. On account of these factors, the market is expected to grow at a CAGR of 6.3% during 2024-2032.

Market Summary:

Based on the type, the market has been bifurcated into whole lab and modular automation.
On the basis of the equipment and software type, the market has been divided into automated clinical and drug discovery laboratory systems. The automated clinical laboratory systems segment is further segregated into workstations, LIMS (laboratory information management systems), sample transport systems, specimen handling systems, and storage retrieval systems. On the other hand, the automated drug discovery laboratory systems segment is classified into plate readers, automated liquid handling systems, LIMS (laboratory information management systems), robotic systems, storage retrieval systems, and dissolution testing systems.
Based on the end user, 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 categorized into Northeast, Midwest, South, and West United States.
The competitive landscape of the market has been analyzed in the report with the detailed profiles of the key players operating in the market.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Type, Equipment and Software Type, End User, Region
Region Covered	Northeast, Midwest, South, West
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
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Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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United States Laboratory Automation Market to Grow at 6.3% During 2024-2032, Bolstered by Technologically Innovative Solutions

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