Global Lab Automation Market Size, Share & Trends Analysis Report by Product Type (Automated Workstations, Microplate Readers, Automated ELISA Systems, and Automated Nucleic Acid Purification Systems), by Application (Drug Discovery, Diagnostics, Genomics Solutions, Proteomics Solutions, Microbiology, and Other) and by End-User (Biotechnology and Pharmaceutical Companies, Hospitals and Diagnostic Laboratories, Research and Academic Institutes, Forensic Laboratories, Environmental Testing Laboratories, and Food & Beverage Industry) Forecast Period (2022-2028) The global lab automation market is anticipated to grow at a CAGR of 7.9% during the forecast period. The major factor driving the market growth is the contribution of governmental and regulatory bodies in the approval and clearance of various products and systems used in lab automation. For instance, in February 2020, Becton, Dickinson, and Co., "BD Kiestra™ ReadA device" a standalone instrument has been listed with the US Food and Drug Administration (FDA). These new devices support improving operational efficiency in clinical microbiology laboratories and enable new customers to enter microbiology lab automation at the incubation and imaging step. The global lab automation market is segmented based on product type, application, and end-user. On the basis of product type, the market is segmented into automated workstations, microplate readers, automated ELISA systems, and automated nucleic acid purification systems. Based on the application, the market is subdivided into drug discovery, diagnostics, genomics solutions, proteomics solutions, microbiology, and others. Based on the end-user, the market is segmented into biotechnology and pharmaceutical companies, hospitals and diagnostic laboratories, research and academic institutes, forensic laboratories, environmental testing laboratories, and the food & beverage industry. Among the application segment diagnostic segment is anticipated to dominate in the market attributed to the increase in automated systems offered by market players and new technology-based systems, and the rising use of automated systems coupled with benefits offered such as the reduced risk of contamination and elimination of human error. For instance, in February 2022, Roche Diagnostic and Sanomede Medical Technology Co. Ltd., went into a partnership and launched a new RS600 Lab Automation System (LAS), for the Chinese market and expanded the supply of high-quality medical resources. Geographically lab automation market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The North America region is estimated to dominate the market owing to the well-established healthcare infrastructure in the region coupled with it there is an increase in the adoption of lab automation systems. The presences of major market players that are continually focusing on the development and launching of new products are a such factor that drives the market growth. For instance, in March 2022, Biosero launched various new products in its Green Button Go software suite that includes Batch Planner, Cell Maintenance Planner, 21 CFR 11 Manager, and Assay Scheduler among others. These new products are developed into laboratory automation solutions and they deliver an array of advanced capabilities to support customers streamline, and generate better results from their automated lab systems. Moreover, increasing investment in drug discovery and genomics, and growing the adoption of the miniaturization process are other such factors driving the market growth. The major companies serving the global lab automation market include Becton, Dickinson and Co., Bio-Rad Laboratories, Inc., Danaher Corp., F. Hoffmann-La Roche Ltd., HighRes Biosolutions, PerkinElmer Inc., Siemens Healthineers AG, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, geographical expansions, partnerships, product launches, and collaborations, to stay competitive in the market. For instance, in September 2020, Mahara Automation and Lincode Labs went into a partnership to leverage Lincode's AI and IoT solutions into Mahara's portfolio. The partnership was also made to build robust industry 4.0 technologies but to ensure it reaches the manufacturers and enables manufacturers to adapt quickly to new customer demands and product requirements. Research Methodology The market study of the global lab automation market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports. Secondary Sources Include • Financial reports of companies involved in the market. • Whitepapers, research papers, and news blogs. • Company websites and their product catalog. The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models. Market Segmentation 1. Global Lab Automation Market Research and Analysis by Product Type 2. Global Lab Automation Market Research and Analysis by Application 3. Global Lab Automation Market Research and Analysis by End-User The Report Covers • Comprehensive research methodology of the global lab automation market. • This report also includes a detailed and extensive market overview with key analyst insights. • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations. • Analysis of regional regulations and other government policies impacting the global lab automation market. • Insights about market determinants that are stimulating the global lab automation market. • Detailed and extensive market segments with the regional distribution of forecasted revenues. • Extensive profiles and recent developments of market players.