What are the growth opportunities related to Lab Automation Market across major regions in the future?
Lab Automation Market by Equipment and Software (Robotic Arms,
Microplate Readers, LIMS), Applications (Drug Discovery, Clinical Diagnostics,
Genomics), End Users (Biotechnology and Pharmaceuticals, Diagnostic Labs) -
Global Forecast to 2022, published by MarketsandMarkets™, the market is
expected to reach USD 5.20 Billion by 2022 from an estimated USD
4.06 Billion in 2017, at a CAGR of 5.1%.
Lab Automation Market
Lab Automation Market, By Region
·
North
America
·
Europe
·
Asia
Pacific
·
Rest
Of The World
North America to command the largest share of the lab
automation market in 2017
North America is expected to command the largest share of the global lab automation market in 2017. The increasing adoption of lab automation systems, implementation of the Affordable Care Act (ACA) in 2010 and economy stimulus programs such as increased funds for the National Institutes of Health (NIH) and the National Science Foundation (NSF), and increased R&D activities by biotechnology and pharmaceutical companies are driving growth in the lab automation market in North America.
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Factors such as process miniaturization, high demand for lab
automation equipment in drug discovery and clinical diagnostics, higher
reproducibility and accuracy, and large workforce demand and supply gap are
likely to drive the growth of this market. In addition, lab automation offers
enhanced productivity and reduced costs, better personnel safety, and small
volumes of samples and reagents.
Know in detail analysis of Lab Automation Market by Equipment and
Software (Robotic Arms, Microplate Readers, LIMS), Applications (Drug Discovery,
Clinical Diagnostics, Genomics), End Users (Biotechnology and Pharmaceuticals,
Diagnostic Labs) - Global Forecast to 2022.
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