Global Lab Automation Market to Reach $5.48 Billion by 2021: Analysis By Equipment and Software, Application, Type … – PR Newswire (press release)

The global lab automation market is projected to USD 5.48 Billion by 2021 from USD 3.92 Billion in 2016, growing at a CAGR of 6.9% from 2016 to 2021. In this report, the global lab automation market is broadly segmented by equipment and software, application, type, end user, and region.

Major factors fueling market growth are such as process miniaturization, progressing drug discovery and clinical diagnostics, shortage of laboratory professionals, benefits of lab automation over traditional laboratory settings, and presence of government and corporate funding for biotech and pharmaceutical research are expected to drive the growth of the global lab automation market in the coming years. On the other hand, lack of planning for technology development, low priority for lab automation among small and medium-sized laboratories, and indefinite data interchange/communication standards are the major factors that are restraining the growth of the lab automation market.

The global lab automation market is segmented into major six segments, namely, automated liquid handling, microplate readers, software & informatics, standalone robots, automated storage & retrieval systems (ASRS), and other equipment & software. Among these segments the automated liquid handling segment is expected to account for the largest share of the lab automation equipment and software market in 2016. This largest share is attributed to thee high demand for automation in liquid handling in various hospitals and private labs, biotechnology and pharma industries, academic and research institutes.

Companies Mentioned

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Lab Automation Market, By Equipment and Software

7 Lab Automation Market, By Application

8 Lab Automation Market, By Type

9 Lab Automation Market, By End User

10 Lab Automation Market, By Region

11 Competitive Landscape

12 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/wb2twv/lab_automation

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Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com

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SOURCE Research and Markets

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Global Lab Automation Market to Reach $5.48 Billion by 2021: Analysis By Equipment and Software, Application, Type ... - PR Newswire (press release)