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Lab Automation Market: Regional & Segment Analysis

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By Author: Fact.MR
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Demand for lab automation services experienced expansion rate of over 11% in 2022 compared to 2021, jumping from US$ 1.8 Billion to US$ 2 Billion and the market is grow at a 7% CAGR from 2022-2032, reaching a valuation of nearly US$ 4 Billion.

Region-wise Analysis

Lab Automation Industry Growth in the Asia Pacific

According to the Fact.MR, from 2022 to 2032, the lab automation market is predicted to develop at a rate of 7.3%. The developing geriatric population is fueling the boom of the lab automation market. Because of the beauty of the medical sector, Japan dominates the lab automation market due to developing research and improvement in the pharmaceutical industry. Additionally, authorities initiatives to minimize healthcare spending will drive the boom of the lab automation market in the course of the forecast period.

Because of the developing demand for multiple vaccines around the world, India is anticipated to witness significant increase in the lab automation market. Furthermore, Indian capsules are exported to over 200 countries, with the United States serving as the primary distribution ...
... market.

North America Growth Opportunities for Lab Automation Market

The lab automation market is predicted to develop during the forecast period of 2022 to 2032. Fact.MR forecasts the market to attain a fee of US$ 3.87 Billion and develop at a CAGR of 5.3% at some stage in the forecast period. The lab automation market is being pushed by a surge in the adoption of the miniaturization process, which effects in low reagent costs and excessive productivity.

During the forecast period, North America is anticipated to lead the market. Because of the presence of massive pharmaceutical companies, the market for drug discovery and genomics is seeing accelerated investment.

Key Segments in the Lab Automation Market

• By Product:
o Lab Automation Equipment
o Automated Microplate Readers
o Automated ELISA Systems
o Automated Nucleic Acid Purification Systems
o Lab Automation Software & Informatics
• By Application:
o Drug Discovery
o Clinical Diagnostics
o Genomics Solutions
o Proteomics Solutions
• By End User:
o Biotechnology & Pharmaceutical Industries
o Research & Academic Institutes
o Hospitals & Diagnostic Laboratories
o Forensic Laboratories
o Environmental Testing Labs
o Food & Beverage Industry
• By Region:
o North America
o Latin America
o Europe
o Asia Pacific
o Middle East & Africa

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