Lab Automation Market to be Worth $11.31 Billion by 2031 - Exclusive Report by Meticulous Research®

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Drug Discovery Laboratory. This is a fully automated AI-powered robotics lab that performs several processes, such as target discovery, compound screening, precision medicine development, and translational research.

Geographically, in 2024, North America is expected to account for the largest share of 40.8% of the lab automation market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The North America lab automation is estimated to be worth USD 2.8 billion in 2024.

However, the Asia-Pacific lab automation market is slated to register the highest CAGR during the forecast period. The high market growth in Asia-Pacific is attributed to improving healthcare infrastructure, increasing disposable income, expanding pharmaceutical & biotechnology industry, and increasing pharmaceutical research and government funding. Improvement in healthcare infrastructure, especially in developing countries, leads to reduced costs, improved accuracy, and faster diagnosis. This, coupled with the use of automated instruments, can substantially increase the growth of the market.

The report also includes an extensive assessment of the key strategic developments of leading market participants in the industry over the years (2021–2024). The global lab automation market has witnessed product launches, product enhancements, partnerships, collaborations, agreements, and expansions in the last couple of years.

Some of the key players operating in the global lab automation market are Thermo Fisher Scientific, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Danaher Corporation (U.S.), Revvity, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Waters Corporation (U.S.), Tecan Group Ltd. (Switzerland), F. Hoffmann-La Roche AG (Switzerland), Siemens Healthineers AG (Germany), Abbott Laboratories (U.S.), Becton, Dickinson, and Company (U.S.), Hudson Robotics, Inc. (U.S.), and Hamilton Company (U.S.).

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Scope of the Report:

Lab Automation Market Assessment–by Product

SystemsAutomated Liquid Handling SystemsAutomated Nucleic Acid Purification SystemsAutomated ELISA SystemsAutomated Microplate ReadersAutomated Storage and Retrieval SystemsOther Lab Automation Systems
Note: Other lab automation systems include automated incubators, automated cell counters, and automated cell imaging systems, among othersSoftwareLaboratory Information Management Systems (LIMS)Electronic Lab Notebook (ELN)Workstation/Equipment Automation SoftwareScientific Data Management Systems (SDMS)

Lab Automation Market Assessment–by Application

Drug DiscoveryClinical DiagnosticsGenomics & Proteomics ResearchOther Applications

Note: Other applications include bioprocessing in biotechnology, cell analysis, basic research, forensic analysis, and quality control in the F&B industry.

Lab Automation Market Assessment–by End User

Pharmaceutical & Biotechnology CompaniesHospitals & Diagnostic LaboratoriesResearch & Academic InstitutesOther End Users

Note: Other end users include the food & agriculture industry, forensic laboratories, blood banks, and environmental & quality testing.

Lab Automation Market–by Geography

North AmericaU.S.CanadaEuropeGermanyU.K.FranceItalySpainRest of Europe (RoE)Asia-Pacific (APAC)ChinaJapanIndiaRest of APAC (RoAPAC)Latin AmericaMiddle East & Africa

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Related Reports:

Clinical Lab Automation Market Size, Share, Forecast, & Trends Analysis by Product (Liquid Handling, Nucleic Acid Purification System, Microplate Reader, Automated ELISA, Software), End User (Hospitals, Diagnostic Laboratories) – Global Forecast to 2031

NGS Automation Market by Product (Platform, Consumables), Sequencing Type (Whole Genome, Exome, Targeted), Application (Drug Discovery, Diagnostics), End User (Hospitals, Diagnostic Laboratories, Pharmaceutical, Academic) - Global Forecast to 2029

Laboratory Information Management System (LIMS) Market by Mode of Delivery (On-premises, Cloud), Offering (Software, Services), Type (Multi-purpose, Purpose-built), End User (Life Science, Food & Beverage, Petrochemical, Chemical) - Global Forecast to 2030

Related Blogs:

Top 10 Companies in Lab Automation Market

Importance of Automation in Streamlining Laboratory Workflows

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