The Worldwide Modular Laboratory Automation Industry is Expected to Reach $4.9 Billion by 2027 – ResearchAndMarkets.com – Business Wire

DUBLIN--(BUSINESS WIRE)--The "Modular Laboratory Automation - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Modular Laboratory Automation estimated at US$3.2 Billion in the year 2020, is projected to reach a revised size of US$4.9 Billion by 2027, growing at a CAGR of 6.3% over the analysis period 2020-2027.

Automated Liquid Handlers, one of the segments analyzed in the report, is projected to grow at a 6.4% CAGR to reach US$1.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Automated Plate Handlers segment is readjusted to a revised 6.8% CAGR for the next 7-year period. This segment currently accounts for a 18.2% share of the global Modular Laboratory Automation market.

The U.S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 5.9% CAGR for the Period of 2020-2027

The Modular Laboratory Automation market in the U.S. is estimated at US$953.4 Million in the year 2020. The country currently accounts for a 29.52% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$868.6 Million in the year 2027 trailing a CAGR of 5.9% through 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.9% and 5.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR while Rest of European market (as defined in the study) will reach US$868.6 Million by the year 2027.

Robotic Arms Segment Corners a 13.3% Share in 2020

In the global Robotic Arms segment, USA, Canada, Japan, China and Europe will drive the 6.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$345.3 Million in the year 2020 will reach a projected size of US$524.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$570 Million by the year 2027.

Select Competitors (Total 46 Featured) -

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/7z1w0d

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The Worldwide Modular Laboratory Automation Industry is Expected to Reach $4.9 Billion by 2027 - ResearchAndMarkets.com - Business Wire