Total Lab Automation Market Gearing Up for USD 9.27 Billion Valuation by 2029

Total Lab Automation market report presents the best market and business solutions to the Healthcare industry in this rapidly revolutionizing market place to thrive in the market. This report has been prepared by taking into account several aspects of marketing research and analysis which includes market size estimations, market dynamics, company & market best practices, entry-level marketing strategies, positioning and segmentations, competitive landscaping, opportunity analysis, economic forecasting, industry-specific technology solutions, roadmap analysis, targeting key buying criteria, and in-depth benchmarking of vendor offerings. A number of business challenges can be conquered with this market research report.

Competitive analysis conducted in this Total Lab Automation report makes you aware of the moves of the key players in the market such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions. The key research methodology used here by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary validation. The report has the potential to save valuable time as well as add credibility to the work that is performed to grow the business. This Total Lab Automation market research report answers many critical business questions and challenges related to the healthcare industry and proves to be a go-to solution.

According to the analysis conducted by Data Bridge Market Research, the global total lab automation market is projected to experience a growth rate during the forecast period of 2022-2029. The expected Compound Annual Growth Rate (CAGR) for the global total lab automation market is estimated to be approximately 7.60% within the mentioned forecast period. The market, which was valued at USD 5.16 billion in 2021, is anticipated to reach a value of USD 9.27 billion by 2029.

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To meet the growing demands of the healthcare sector, pharmaceutical and biotechnology companies are making substantial investments in research and development (R&D). For example, according to the India Brand Equity Foundation (IBEF), pharmaceutical companies such as Sun Pharmaceuticals, Cipla, and Lupin Ltd. allocated 8.8% of their sales for R&D in 2018. This highlights the commitment of these companies to innovation and the development of new therapeutics.

Furthermore, collaborations between pharmaceutical companies and various stakeholders in the healthcare industry for R&D purposes will further drive the adoption of lab automation. These collaborations enable the pooling of resources, expertise, and infrastructure, leading to more efficient and effective research outcomes.

Some key players mentioned in the report are:

• Thermo Fisher Scientific Inc. (U.S.)
• Beckman Coulter, Inc. (U.S.)
• Hudson Robotics (U.S.)
• BD (U.S.)
• Synchron Lab Automation (Netherlands)
• Agilent Technologies, Inc. (U.S.)
• Siemens (Germany)
• Tecan Trading AG (Switzerland)
• PerkinElmer Inc. (U.S.)
• F. Hoffmann-La Roche Ltd (Switzerland)
• Abbott (U.S.)

Key Market Segmentation

By Equipment Type (Automated Liquid Handlers, Automated Plate Handlers, Robotic Arms, Automated Storage and Retrieval Systems (ASRS), Analyzers), End User (Biotechnology and Pharmaceuticals, Diagnostic Labs), Software Type (Laboratory Information Management System (LIMS), Laboratory Information System (LIS), Chromatography Data System (CDS), Electronic Lab Notebook (ELN), Scientific Data Management System (SDMS)), Application (Drug Discovery, Genomics, Proteomics, Protein Engineering, Bioanalysis, Analytical Chemistry, Clinical Diagnostics, Other Applications)

Key Regions and Countries Studied in this report:

North America dominates the total lab automation market due to the growing number of research activities along with prevalence of various pharmaceutical companies.

Meanwhile, the Asia-Pacific region has shown significant growth in the global total lab automation market due to the growing demand for lab automation in emerging economies, such as China and India.

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