HOME › Research Insight › Robotics; Software & Informatics; Automated Liquid Handling Systems; and Emerging Markets like China, India, Brazil, and Middle East Are New Revenue Pockets for the Lab Automation Market
Robotics; Software & Informatics; Automated Liquid Handling Systems; and Emerging Markets like China, India, Brazil, and Middle East Are New Revenue Pockets for the Lab Automation Market
The lab automation market is segmented on the basis of equipment and software, application, type of automation, end user, and region. On the basis of equipment and software, the lab automation market is segmented into six broad categories, namely, automated liquid handling, microplate readers, standalone robots, automated storage and retrieval systems (ASRS), software and informatics, and others (barcode readers, weighing platforms, microplate coolers, and tube recognition devices). In 2014, the automated liquid handling segment accounted for the largest share of the lab automation market, by equipment and software as liquid handling is the major constituent for automation.
On the basis of applications, the lab automation market is broadly classified into clinical diagnostics, drug discovery, genomics solutions, and proteomics solutions. Drug discovery is a major application area of lab automation.
Based on end user, the lab automation market is categorized into biotechnology and pharmaceuticals, hospitals and private labs, academics, and research institutes. The research institutes segment is the fastest-growing segment of the lab automation end-user market.
On the basis of geography, the lab automation market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). In 2014, North America accounted for the largest share of the lab automation market, followed by Europe. However, Asia-Pacific is expected to register a higher growth rate during the forecast period, owing to huge investment opportunities in this region. The growth of the lab automation market in the Asia-Pacific region will be centered at China, Japan, and India.
Robotics arms, track robot system, and laboratory informatics and software such as LIMs, LIS, and ELN are expected to become new revenue pockets for the players in the lab automation market owing to growing demand for these solutions.
Lab Automation Market by Equipment & Software (Robotic Arm, Microplate Readers, LIMS), Applications (Drug Discovery, Clinical Diagnostics), Type of Automation (Modular, Total Lab), & End Users (Biotechnology & Pharmaceuticals) - Global Forecasts to 2020
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