22 August 2018
Visiongain’s new report Global Lab Automation Market Forecast 2017-2027: Automated Liquid Handling, Microplate Readers, Software & Informatics, Automated Storage & Retrieval Systems and Others indicates that the global lab automation market will see $5,955m in spending in 2021.
The global lab automation market is expected to grow at a CAGR of 8.0% in the first half of the forecast period and CAGR of 5.7% in the second half of the forecast period. The market is expected to grow at a CAGR of 6.6% from 2017 to 2027. The market is estimated at $3,984 million in 2016 and $8,320 million in 2027.
The lead analyst of the report said: “The lab automation market is set to experience considerable growth over the next decade. The main drivers for the growth include increased health care expenditure globally, benefits of lab automation over traditional laboratory settings, rising need for improved data standardization and reducing the time consumed during clinical trial process.
In 2016, the largest segment of the lab automation market by product type was automated liquid handling and it will remain as the largest segment in the forecast period. The automated liquid handling market was valued at $1,315.1m in 2016. Visiongain forecasts this market to increase to $1,908.6m in 2021.”
The 198-page report contains 92 tables and 97 figures that add visual analysis in order to explain the developing trends within the Global Lab Automation Market.
Visiongain provides revenue forecasts for the period 2017-2027 as well as qualitative analyses for the leading segments of this market: Automated Liquid Handling, Microplate Readers, Software & Informatics, and Automated Storage & Retrieval Systems. This report breaks down the revenue forecasts of the global lab automation market by product type, automation type and application type.
The 198-page report offers market forecasts for the US, Canada, Germany, UK, Spain, Italy, France, Japan, Australia, China, India, Brazil, Mexico, Saudi Arabia, South Africa. In addition, the report contains a dedicated leading companies chapter covering companies leading the field in the lab automation market.
The report Global Lab Automation Market Forecast 2017-2027: Automated Liquid Handling, Microplate Readers, Software & Informatics, Automated Storage & Retrieval Systems and Others report will be of value to anyone who wants to better understand the lab automation market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the lab automation industry.
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