Lab Automation Market

The lab automation market is expected to reach USD 7.71 billion by 2029 from USD 5.85 billion in 2024, growing at a CAGR of 6.9 % during the forecast period. The major driving forces of the lab automation market comprise rising needs for high-throughput screening and a lack of proficient laboratory personnel. Automation can help laboratories increase efficacy as it provides accurate results with lower cost control in operations. This major development in automation involves AI, robotics, and machine learning. Other factors affecting this market include increasing cases of chronic diseases and a rise in the demand for personalized medicine. The adoption of automation increases the handling of large samples of clinical patients, thus helping in faster and more precise diagnosis.

The lab automation market is highly competitive with continuous innovation. A few of the competitive factors include the development of automated high-throughput systems, artificial intelligence/data analytics integration, and increased accuracy, reliability, and speed. Additionally, companies are investing majorly in research and development for their products to develop and maintain their competitive edge, and therefore, this lab automation market is constantly growing. The leaders of the market in this particular space are continuously broadening their product lines to suit the evolving needs of the laboratories in the sectors, such as diagnostics, pharmaceuticals, and biotechnology. Here are some of the key players in the Lab automation market: Thermo Fisher Scientific (US), Tecan Group (Switzerland), Danaher Corporation (US), Agilent Technologies (US), F. Hoffmann-La Roche Ltd. (Switzerland), Revvity (US), Eppendorf AG (Germany), Becton, Dickinson and Company (US), Waters Corporation (US), Siemens Healthineers (Germany), Abbott Laboratories (US), Biomérieux (France), Hamilton Company (US), Hudson Robotics (US).

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Thermo Fisher Scientific, Inc. (US): Thermo Fisher Scientific is a well-known player in the lab automation market and is known for offering analytical equipment, reagents & consumables, laboratory equipment, and software & services. The firm has a global presence in over 50 countries North America, Europe, APAC, and Latin America. The firm offers lab automation products such as automated liquid handling systems, automated ELISA Systems, automated nucleic acid extraction kits, laboratory robot systems & mobile robots, laboratory data management solutions, microplate readers, multidrop dispensers, and microplate washers. These products are provided through the Analytical Instruments and Laboratory Products & Biopharma Services segment. The firm engages in strategic acquisition to mark its presence in the market. For instance, it recently acquired Olink Holding AB (Sweden) in October 2023, to grow in the proteomics sector.

Tecan Group (Switzerland): Tecan Group leads the lab automation market and is developing robotic sample processors, detection devices, laser scanners, integrated systems, and pumps and valves for high-precision liquid handling. The firm has manufacturing and R&D sites in North America and Europe and operates its services in over 52 countries. The core products offered include microplate readers & washers, liquid handling & automation products, robotic arms, nucleic acid purification systems, automated ELISA systems, and software. The company works through two business segments-Life Sciences Business and Partnering Business. One of the recent developments includes launching Resolvex i1300 (a component of Fluent automation workstation) in February 2024, which supports proteomics workflows. This product may be applied in biomarker discovery, drug development, and personalized medicine applications.

Danaher Corporation (US): Danaher Corporation is the laboratory automation market major in designing, developing, and marketing medical, industrial, and commercial products. The firm has 93 sites in the US and 119 sites in 30 other countries. The lab automation products include microplate readers, DNA Extraction Kits, liquid handlers, Clinical Laboratory Diagnostic Products, and software. These are offered through the life sciences business segment. In August 2024, the company acquired Genedate (Switzerland) to include Genedata's life sciences software solutions in its product portfolio.

Agilent Technologies (US):  This firm is involved in designing, manufacturing, and delivering products and services within its diagnostics, life sciences, and applied chemicals divisions. With operations worldwide across the Americas; Europe; the Middle East and Africa; and Asia/Pacific, this global company has its manufacturing and research and development sites in Australia, China, Germany, Italy, Malaysia, Singapore, the UK, and the US. The lab automation products offered by this firm include automated Liquid Handling Platforms, Microplate Readers, Microplate Washers & Dispensers, Microplate Stackers & Incubators, Microplate Automation Software, and Software & Informatics. Under its business segment Life Sciences and Applied Markets, Agilent offers lab automation products. In January 2024, Agilent launched ProteoAnalyzer, which is an automated parallel capillary electrophoresis of proteomics.

F. Hoffmann-LA Roche Ltd.  (Switzerland): It is a leading player in the lab automation market, with global presence across North America, Europe, Latin America, Africa, and Asia for Roche. The firm operates through two business segments-Pharmaceuticals and Diagnostics. This firm delivers workflow solutions and lab automation solutions under the Diagnostics segment. Some of the products included in its portfolio are Cobas P 312 Preanalytical System, Cobas mobile solution, Cobas P 501/Cobas P 701 Postanalytical Units, and Cobas P 512 Preanalytical System.

Related Reports:

Lab Automation Market by Product (Robotic Arm, Microplate Readers, Workstation, LIMS, ELN), Application (Drug Discovery, Diagnostics, Genomics, Proteomics, Microbiology), End User (Pharma, Diagnolab, Forensics, Environmental) - Global Forecast to 2029

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