Automated Laboratory Systems Market Outlook, Competitive Strategies and Forecasts, 2020 To 2025.
The Global Automated Laboratory Systems Market is likely to attain impressive revenue by 2025. Factors such as rising need for process miniaturization, rise in elderly population, and increasing number of diagnostic test performed in laboratories, can propel the market during the forecast period (2018 to 2025). High demand for lab automation equipment in clinical diagnostic and drug discovery can further boost the expansion in near future.
Laboratory automation system includes variety of automated lab instruments and integrated software. Use of these advanced systems offer many advantages such as accuracy and higher reproducibility, reduction of cycle time, and greater productivity and personnel safety. The laboratory automaton products can be designed to cater to individual requirements of researchers or laboratories. These systems can be useful in laboratories to handle high volumes of specimen at higher speed.
Increasing use of automation in genomics for high-throughput necessities and rise in genetic testing can have positive impact on the automated laboratory systems market. These systems provide better reproducibility as well as throughput as compared to manual method. They offer smooth solution to lab process including centrifugation, decapping, aliquoting, sorting and recapping among others.
However, lack of planning and high cost involved in development of new technologies for laboratory procedures can restrain the market during the forecast period. Low penetration of automated systems in the less developed regions can also restrict the growth in near future.
The worldwide automated laboratory systems market can be segmented on the basis of product, end users/application, and regions. Based on product, the market can be categorized into modular automated laboratory systems and total automated laboratory systems. As per end users/applications, the market can be classified into pharmaceutical, biotechnology, life sciences, and other.
Geographically, the automated laboratory systems market can be divided into North America, Europe, Southeast Asia, Japan, China, and India. North America and Europe are the early adopters of technology. North America is one of the largest markets for automate laboratory systems due to growing implementation of these systems. Increasing focus on research and development activities, execution of the Affordable Care Act (ACA) and increased funding from the National Science Foundation (NSF) and the National Institutes of Health (NIH) are expected to further drive the growth in the region.
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However, Southeast Asia automated laboratory systems market is likely to exhibit rapid growth over the projected period. This growth can be attributed to the rising health awareness, availability of skilled staff and refining economic conditions. Increased funding, rapid rise in the number of patients, developing healthcare IT infrastructure, high demand for quality care, and upward trend of home healthcare in the region are other significant driving factors. Integration of robotics in lab automation workflows and development of effective product distribution networks can have a positive impact on the regional market.
Top competitors in the automated laboratory systems market are Siemens Healthcare, Robert Bosch, Protedyne Corporation, Thermo Fisher, and PANalytical. Several companies are focusing on development of user-friendly interfaces that are integrated with the systems for smooth functioning.
For instance, recently, Automated Control Concepts (ACC), a provider of automation and information-oriented solutions introduced new system called Lab Owl. This bioreactor control and information system can be used for cell culture and fermentation applications. The scalable and flexible form factors of the system can cater to the fermentation and cell culture requirements of bioreactors in laboratories.
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