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Lab Automation Market is Projected Valuation of US$16 bn by 2022

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Published on : May 05, 2016

ALBANY, New York, May 05, 2016: According to the report, the global lab automation industry will be worth US$16 bn by 2022. The report is an in-depth study of the key dynamics of the lab automation market. 

Automation or automatic control is the use of various systems to operate equipment or machines such that they require minimal human intervention. The growing need for high speed, efficiency, throughput, and accuracy is a major driver for the global lab automation market. At the same time, a shortage of quality lab technicians and rising work pressure is boosting the need for automated systems. 

Constant innovations and developments have led to the advancement in technology and improved automated systems, which were previously slow and required constant manual control. With the continuous evolution in instrumentation, automation is poised to perform tasks that were previously deemed impossible. Laboratory automation technology is extensively used by biotechnology and pharmaceutical companies, thus boosting the market.

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Lab automation makes use of technology and equipment in laboratories to raise the quality of experimental data and reduce the lab process cycle in diagnostics. Laboratory automation is applied in different areas such as clinical testing and drug discovery. Automation companies design systems or solutions for a specific or general need of a customer. Lab automation includes both hardware and software components. Automation may comprise software processes, different devices, automated lab instruments for enabling, accelerating, and increasing the effectiveness and proficiency of scientific research done in labs. 

Lab automation reduces the risk of sample contamination. Labor charges are also eliminated by the use of lab automation. The hematology and microbiology areas are expected to provide a good scope for the growth of the lab automation market. With emerging technologies such as digital dispensing and microfluidic chips, lab-on-a-chip (LOC), and semantic technologies, the market for lab automation is expected to grow. The growing use of microfluidic chips for biological research has gained popularity in recent times. Microfluidic chips are used in proteomics, ingenomics, and metabolic research. This factor will also aid the growth of the global lab automation market. 

The global lab automation market is segmented on the basis of region and application. Based on region, the market is segmented into U.S., Europe, Japan, Brazil, Russia, India, China, and the Rest of the World. On the basis of application, the lab automation market is segmented broadly into clinical automation laboratory and drug discovery automation. The report contains market forecasts for the global clinical laboratory automation market and the global drug discovery automation market for the period between 2012 and 2022. 

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