A New Study Provides Fresh Insights Into Key Trends that Will Keep the Modular Laboratory Automation Market Moving Into 2025
The global market for Modular Laboratory Automation is projected to reach US$4.2 billion by 2025, driven by the growing value of a modular and integrated approach to automation.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Modular Laboratory Automation market. The segments covered in the study include Equipment and Software (Automated Liquid Handlers, Automated Plate Handlers, Robotic Arms, Automated Storage & Retrieval Systems (ASRS), Software, Analyzers); and End-Use (Hospitals & Diagnostic Laboratories, Pharmaceutical & Biotechnology Companies, and Other End-Uses).
7 June 5:15 A.M., California/Marketwire/ - According to the new market research report, the global market for Modular Laboratory Automation is projected to reach US$4.2 billion by 2025, driven by the growing value of a modular and integrated approach to automation. The market will be reset to a new normal which going forwards in a post COVID crisis era will be continuously redefined and redesigned.
For modern laboratories, automation is a critical survival technology against the backdrop of intensifying competition as clinical diagnostics increasingly becomes a key component in the healthcare value game. Extending a viable hardware configuration for automation comprising consolidated analyzers, integrated analyzers, modular workcells, and pre- and post-analytical automation, modular automation makes automation more viable for laboratories of all sizes. Benefits of modular concepts in automation include greater process flexibility such as effortless scaling up and scaling down of processes to meet changing workload needs; greater ability to redeploy or reposition key operational assets; investment flexibility as the automation process can be segmented and implemented in a piecemeal basis; lower costs associated with standardized maintenance; development of additional modules can be carried out seamlessly and in a cost effective; increased efficiency and productivity and lesser time-to-market. Modular automation is steadily taking over pre-analytical phase, analytical phase and post-analytical phase workflows, largely because over 55% of laboratory costs are associated with pre-analytical and post-analytical errors in processing of specimens.
Key Competitors Covered in the Report
Agilent Technologies, Inc.
Beckman Coulter, Inc.
Becton, Dickinson and Company
Bio-Rad Laboratories, Inc.
F. Hoffmann-La Roche Ltd.
Honeywell International Inc.
Hudson Robotics, Inc.
Shimadzu Scientific Instruments
Synchron Lab Automation
Tecan Group Ltd.
Thermo Fisher Scientific, Inc.
Geographies Analyzed in the Report
Europe (France, Germany, Italy, United Kingdom, and Rest of Europe)
Rest of World
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 5996. Among this pool, 959 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 182 unique participations, a total of 82 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.