According to the research report titled ‘GLOBAL Laboratory Automation Market 2021-2028’, available with Market Study Report, global laboratory automation market is expected to register 5.14% CAGR between 2021 and 2028.
 

Technological breakthroughs in laboratory systems and rising investments in R&D activities are some of the key factors fueling global laboratory automation market size. Laboratory automation systems are also known to be relatively better than non-automated laboratories.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3552488/
 

In addition, surging investment in pharma and biotech sectors coupled with growing demand for highly accurate systems with less turnaround time are stimulating the overall industry outlook. However, high cost installation costs and other physical constraints could potentially act as a bottleneck to global laboratory automation industry expansion.
 

Based on product landscape, the market is divided into equipment and software. The equipment segment is further split into analyzers, automated storage and retrieval systems, robotic arms, automated plate handlers, and automated liquid handlers.
 

The software segment, on the other hand, is made up of scientific data management system, electronic lab notebook, chromatography data system, laboratory information system, and laboratory management systems.
 

Global scope of operations of this business space consists of North America, Middle East & Africa, Asia-Pacific, Europe, and Latin America.
 

According to the report, Asia-Pacific laboratory automation market is slated to witness commendable growth in the ensuing years, with China leading in terms of revenue hierarchy. Rapid expansion of pharmaceutical industry, rising R&D activities, and focus towards developing high-quality diagnostic equipment are facilitating the business scenario in Asia-Pacific.
 

The prominent companies operating in global laboratory automation market are Abbott Laboratories, PerkinElmer Inc., Thermo Fisher Scientific Inc., Tecan Group Ltd., F. Hoffmann-La Roche AG, Siemens Healthineers AG, Agilent Technologies Inc., Synchron Lab Automation, Hudson Robotics Inc., Danaher Corp., and Becton, Dickinson & Co. among others.