Lab Automation Market

Market Leaders - Lab Automation Market

The lab automation market is expected to grow from an estimated USD 4.3 billion in 2020 to USD 5.5 billion by 2025, at a CAGR of 5.2% during the forecast period. With the increasing investment in research by pharmaceutical companies, there are high growth prospects for lab automation market during the forecast period.

A few major players that have a wide regional presence dominate the Lab Automation market. The leading players in the Lab Automation market include Thermo Fisher Scientific (US), Agilent Technologies (US), PerkinElmer Inc. (US), Tecan Group (Switzerland), and Danaher Corporation (US).

To know about the assumptions considered for the study download the pdf brochure

The major strategies adopted by these players include contracts & agreements ,new product launches, investments & expansions, mergers & acquisitions, joint ventures, and partnerships & collaborations. Product Launches and partnerships & collaborations were the two most commonly adopted strategy from 2017 to 2020.

Thermo Fisher Scientific, Inc. holds the leading position in the lab automation market, owing to its robust portfolio of lab automation instruments products and related accessories. Thermo Fisher has expanded its product portfolio through insight-driven innovation and strategic M&A to address to establish its position in the market. For instance, during the last three years. Thermo Fisher launched several instruments, such as the Real-Time PCR Systems (August 2020), the Multidrop Pico 1 and Pico 8 digital reagent dispensers(February 2020), Thermo Scientific inSPIRE, a vertical modular robotic platform, Thermo Scientific Cytomat SkyLine microplate storage and sequential delivery device that can hold up to 728 microplates and/or lids (February 2018), Thermo Scientific Orbitor RS2 Microplate to improve laboratory throughput and operational flexibility (February  2017). The company further offers its products across major customer categories, such as clinical laboratories, research & academic institutes, diagnostic laboratories, and hospitals. Thermo Fisher is expected to witness sustainable growth during the forecast period with its broad and technologically advanced product portfolio, wide geographic reach, and collaborations, agreements with other smaller market players.

Danaher Corporation offers a wide range of lab automation systems such as microplate readers (single-mode, multi-mode microplate reader), microplate washers, handlers, and accessories, liquid handlers, clinical laboratory diagnostic products, and software. The company offers these products through its subsidiary Beckman Coulter, Inc. (US), and Molecular Devices (US) Additionally, Danaher also focuses on enhancing its R&D capabilities and product pipeline and, as a result, launched several products in 2019 to expand its market offering. The company also focuses on M&A; for instance, in January 2019 Beckman Coulter Life Sciences Inc. acquired Labcyte(US) to expand the laboratory automation business and enhance time-saving solutions for customer workflows. Thus, with its broad product portfolio and inorganic growth strategy, Danaher  is expected to grow at a significant rate in the global life science instrumentation market during the forecast period.

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 2025

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
AST 5764
RI Published ON
11/30/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Lab Automation Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2021 MarketsandMarkets Research Private Ltd. All rights reserved