World Lab Automation Market to Register over 6% CAGR to 2021, States IGATE Research in New Report Available at MarketPublishers.com20 Jun 2016 • by Natalie Aster
LONDON – Globally, the laboratory automation market is projected to register over 6% CAGR through to 2021. Segment-wise, clinical lab automation comprises the maximum share of the world lab automation market. The rising ageing population in tandem with their soaring health problems, growing prevalence of contagious diseases, increasing number of clinical trials and lab automation technology advances will likely stimulate the lab automation market growth in the foreseeable future. Nevertheless, the low risk taking capacity of small and medium-sized laboratories where automation is not a focal area may hinder the market’s expansion and development.
The USA comprises the single largest clinical lab automation market, with Europe coming second. In terms of applications, work station grabbed the largest share of the clinical lab automation marketplace. Laboratory information management system (LIMS) is the 2nd major application.
The USA also accounts for the maximum share of the drug discovery lab automation, followed by Europe. The plate reader segment grabbed the lion’s share of the market for drug discovery lab automation, with automated liquid handling system following after.
New research report “Lab Automation Market and Forecast to 2021 - Global Analysis” developed by iGATE Research provides a comprehensive evaluation of the fast-developing lab automation marketplace. The study examines the market based on segments, application areas, geographic regions, key deals from 2008 to 2016. The research publication casts light on the key factors driving the market growth as well as identifies and examines the major challenges to the sector’s growth. Market size (by value) and forecast figures are provided 2012-2015 and through to 2021.
More studies can be found at iGATE Research page.