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The global laboratory automation market reached a value of US$ 5.63 Billion in 2021.
According to the estimates by IMARC Group, the global laboratory automation market is expected to exhibit a CAGR of 7.69% during 2022-2027.
The increasing adoption of laboratory automation to maximize the accuracy of lab results and reduce the proximity of human errors represents one of the key drivers for the global laboratory automation market.
The commercialization of automated specimen separation technique, that deploys automated centrifugal force on the blood specimen, represents one of the key trends in the global laboratory automation market.
The sudden outbreak of COVID-19 has increased the demand for automated tools in several laboratory procedures to mitigate the chances of disease transmission via human handling of test samples.
On the basis of the type, the market has been bifurcated into modular automation and whole lab automation, where modular automation holds the largest market share.
On the basis of the equipment and software type, the market has been classified into automated clinical and drug discovery laboratory systems. At present, automated clinical laboratory systems lead the global market.
On the basis of the end user, the market has been bifurcated into biotechnology and pharmaceutical companies, hospitals and diagnostic laboratories, and research and academic institutes. In this segment, biotechnology and pharmaceutical companies currently account for the largest market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
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