Insights on the Lab Automation Global Market to 202 - Impact of COVID-19 and Ansoff Analysis - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Lab Automation Market (2021-2026) by Product, Type, Geography, Impact of COVID-19, and Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Laboratory Automation Market is estimated to be USD 4.67 Billion in 2021 and is expected to reach USD 6.13 Billion by 2026 growing at a CAGR of 5.6%

Laboratory automation is a multi-disciplinary advanced approach used in the laboratory to increase productivity, increase the efficiency of time and the laboratory processes. Automation technology is used to streamline or alter manual handling of instruments and processes. The degree of automation required by a lab depends on its workflow. Some labs might prefer automation for a few instruments, while others might choose to prefer automating its research phase.

Lab automation is expected to grow during the forecasted period considering multiple factors such as the adoption of lab automation in pharma and R&D institutes, increase in demand for miniaturizing process equipment.

Various factors contribute to the growth in the laboratory automation market such as rising geriatric population, miniaturization of processes, benefits of lab automation, progressing markets of drug discovery and diagnostics, and government funding for biotech and drug discovery research, while on the contrary low priority for lab automation among small and medium-sized laboratories acts as a restraining factor on the market.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share etc.

• Lions: Represents companies with a strong foothold in the market, with the highest market share, large investments in technologies, new products.
• Bulls: Companies that are medium in size competing with their USPs, growing companies with proven market share.
• Rabbits: Small companies but growing rapidly, constantly improving their offerings in the market
• Tortoise: Companies which are slow in growth, having a long legacy, and stable or negative in performance

Why buy this report?

• The report offers a comprehensive evaluation of the Global Lab Automation Market.
• The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
• The report also contains the competitive analysis using Competitive Quadrant, the analyst's proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market

Market Dynamics

Drivers

• Increase in the adoption of Lab Automation
• Miniaturization of processes
• Progressing markets of Drug Discovery and Diagnostics
• Government funding for Biotech and Drug Discovery Research

Restraints

• Low Priority for Lab automation among Small and Medium-Sized Laboratories

Opportunities

• Emerging markets provides with a pool of opportunities for the market players
• The wide scope and increasing adoption in microbiology
• Biobanking applications

Companies Mentioned

• Tecan
• PerkinElmer
• Danaher
• Thermo Fisher
• Agilent Technologies
• Hamilton Robotics
• Abbot Diagnostics
• Eppendorf
• QIAGEN
• Roche Diagnostics
• Siemens Healthineers
• BMG Labtech GmbH
• Aurora Biomed Inc.
• Hudson Robotics
• BIOMERIEUX SA

For more information about this report visit https://www.researchandmarkets.com/r/7zdcgb