The global lab automation market is projected to reach USD 7.1 billion by 2028 from USD 5.1 billion in 2022, growing at a CAGR of 5.8% during the forecast period. Rising technological advancements primarily drive the growth of this market in lab automation, rise in demand for miniaturize process equipment further supports the market growth. However, higher initial investment impedes the market growth. However, the slow adoption of lab automation by some laboratories and the long waiting period for workflow implementation are expected to restrain the market growth.
The lab automation business is very competitive, with both established companies and newcomers competing for the same market share. As of 2022, the key players operating in the global lab automation market are Thermo Fisher Scientific (US), Tecan Group (Switzerland), Danaher Corporation (US), Agilent Technologies (US), F. Hoffmann-La Roche (Switzerland), PerkinElmer (US), Eppendorf (Germany), Becton, Dickinson and Company (US), Waters Corporation (US), Siemens Healthineers (Germany), Abbott Laboratories (US), bioMérieux (France), Endress+Hauser Group (Switzerland), Hamilton Company (US), and Hudson Robotics (US) among others.
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Thermo Fisher Scientific (US)
Thermo Fisher Scientific develops, manufactures, sells, and distributes analytical instruments, reagents & consumables, laboratory equipment, and software & services. The company offers a complete and integrated portfolio of solutions and services for clinical science and laboratory research & analysis. The company provides products through brands such as Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, and Unity Lab Services. It operates through four segments—Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products & Biopharma Services. The Analytical Instruments and Laboratory Products & Biopharma Services segments offer lab automation solutions.
Tecan Group (Switzerland)
Tecan Group develops, manufactures, and distributes laboratory automation solutions. The company produces robotic sample processors, standalone separation and detection devices, laser scanners, integrated systems, and pumps and valves for high-precision liquid handling. The company operates through two business segments—Life Sciences Business and Partnering Business.
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 2028
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