LONDON--(BUSINESS WIRE)--Technavio projects the global laboratory automated incubators market to post a CAGR of over 4% during the forecast period. Increasing adoption of automation in healthcare is one of the factors that will drive market growth. There is an increasing adoption of automation in healthcare globally. Automated solutions help laboratories save time, cost of staffing and provide precise results. These solutions replace manually intensive tasks, which allow researchers to devote more time to research and precision in diagnosis.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio highlights the growing investments in healthcare as one of the key emerging trends in the global laboratory automated incubators market:
Growing investments in healthcare
The global healthcare industry has been growing steadily. The industry is experiencing growth due to the rapid increase in the aging population, the high prevalence of chronic diseases, and the increase in disposable income. Healthcare constitutes an essential part of the economy of any country. With the rise in structural changes such as cost-effective products and greater emphasis on care management, healthcare spending is expected to increase in the future. According to the Centers for Medicare and Medicaid Services, in 2015, the US spent USD 3.2 trillion on healthcare, an increase of around 6% from 2014.
According to a senior analyst at Technavio for lab equipment research, “Another factor leading to the growth of the healthcare industry is the increase in research funding to find better treatment for chronic diseases. According to the NIH, during 2013-2016, there was an increase in R&D funding for CVDs, cancer, and Alzheimer's disease.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Market segmentation and analysis through 2022
This market research report segments the global laboratory automated incubators market by end-user industries (B&P companies, A&R institutes, and CROs) and key regions (the Americas, APAC, and EMEA).
The market was led by the B&P companies segment with a market share of 44% in 2017. It was followed by the A&R institutes segment and the CROs segment. By 2022, the CROs segment will witness an increase of around 1% in its market share.
In 2017, the Americas dominated the global laboratory automated incubators market with a share of around 40% followed by EMEA and APAC. APAC is expected to witness the maximum growth in its market share over the forecast period.
|
Save big with Technavio this May! |
|
Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with |
|
a massive 20% OFF on all non-alcoholic beverages reports for the entire month. |
|
|
| OR |
|
Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a |
|
whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited |
|
period. |
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
