Latin America Laboratory Automation Market

Market Overview:

The Latin America laboratory automation market size reached US$ 364.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 572.3 Million by 2028, exhibiting a growth rate (CAGR) of 7.5% during 2023-2028.

Laboratory automation refers to the utilization of a broad range of devices, software, and processes for minimizing human intervention in lab processes. It is primarily used for improving the efficiency of the laboratory through the use of robots, conveyors, software, and machine vision technologies. Laboratory automation helps in saving time, reducing costs, eliminating human errors and improving the efficiency of experiments. In Latin America, various organizations are adopting laboratory automation solutions to improve productivity and mitigate the rise in costs associated with wastage.

The Latin America laboratory automation market is primarily driven by the growing adoption of international medical standards for disease diagnosis. Besides this, laboratory automation solutions are also used for maintaining patient test records, database management tools and integrated workflow management systems. The improvements and implementations of these informatics and automated data management solutions have significantly impacted the market growth. Furthermore, the utilization of automation systems has increased the productivity of the drug discovery process as it operates for long hours with minimal monitoring and instruction.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the Latin America laboratory automation market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on type, equipment and software type, and end user.

Breakup by Type:

• Modular Automation
• Whole Lab Automation
   

Breakup by Equipment and Software Type:

• Automated Clinical Laboratory Systems
  • Workstations
  • LIMS (Laboratory Information Management Systems)
  • Sample Transport Systems
  • Specimen Handling Systems
  • Storage Retrieval Systems
• Automated Drug Discovery Laboratory Systems
  • Plate Readers
  • Automated Liquid Handling Systems
  • LIMS (Laboratory Information Management Systems)
  • Robotic Systems
  • Storage Retrieval Systems
  • Dissolution Testing Systems
     

Breakup by End User:

• Biotechnology and Pharmaceutical Companies
• Hospitals and Diagnostic Laboratories
• Research and Academic Institutes
   

Breakup by Country:

• Brazil
• Mexico
• Argentina
• Colombia
• Chile
• Peru
• Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Key Questions Answered in This Report:

• How has the Latin America laboratory automation market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Latin America laboratory automation market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the equipment and software type?
• What is the breakup of the market based on the end user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the Latin America laboratory automation market and who are the key players?
• What is the degree of competition in the industry?