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Global Modular Laboratory Automation Market to Reach $4.6 Billion by 2026SAN FRANCISCO , April 18, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Modular Laboratory Automation - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace. FACTS AT A GLANCE
Edition: 7; Released: February 2022 Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry ABSTRACT- Global Modular Laboratory Automation Market to Reach $4.6 Billion by 2026 Laboratory Automation is a proactive and customized process, involving automation of analytical process to total laboratory process. Laboratory automation is gradually shifting towards modular laboratory automation systems, which offer more flexibility and occupy lesser space. Rapid advancements in the field of laboratory automation have further led to te evolution of automated analytical and clinical testing, high-throughput screening, large-scale biorepositories, diagnostics, and combinatorial chemistry laboratories. Amid the COVID-19 crisis, the global market for Modular Laboratory Automation estimated at US$3.6 Billion in the year 2022, is projected to reach a revised size of US$4.6 Billion by 2026, registering a compounded annual growth rate (CAGR) of 6.1 % over the analysis period. The United States represents the largest regional market for Modular Laboratory Automation, and is projected to reach US$2.4 Billion by 2026. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 8.4% over the analysis period. The momentum in the modular laboratory automation market is likely to remain robust in the coming years. Concerns over dearth of skilled workforce, pressing need for high-quality, faster, and error-free laboratory analysis, and sustained drive towards total laboratory automation (TLA) would pave way for progressive growth in the market. Continued advancements in technology and roll out of sophisticated modular platforms for diagnostic as well as research laboratories would aid market growth. Improvements in the healthcare infrastructure of developing regions would play vital role in future growth of the market. Growing awareness of various diagnostic procedures and the increased emphasis on early detection for improved therapeutic results are the major factors promoting demand for high-tech laboratory technologies in the US. Rising incidence of cancer, cardiac conditions as well as other neurodegenerative disorders in the country are promoting wider deployment of advanced laboratories with end-to-end automation capabilities. Factors such as increasing public and private sector investments in lifescience and healthcare domains, rising incidence of chronic and lifestyle diseases, and improvement in healthcare access and rising awareness levels, are favoring market growth in the developing regions. China, in particular, is expected to spearhead growth, due to efforts to modernize healthcare infrastructure and increasing demand for laboratory services in clinical and diagnostic laboratories. Automated Liquid Handlers constitute the largest equipment type in the modular laboratory automation market. Automated liquid handling devices of various kinds are widely used in laboratory settings, and include automatic pipetting workstations, automated liquid handlers, automated dilutors, and titrators. The pieces of automated liquid handling equipment automate the lab process of handling well plates, and preparing of samples. These automated liquid handling devices minimizes the risk of conventional pipetting errors. Robotic equipment is a programmable device to execute various laboratory functions. For instance, robotic devices are designed to handle microplate instruments such as dispensers, and stacker. Stackers are used to move microplate from one platform/place to another, whereas dispensers deliver the measurable amount of material to the microplates. These robotic systems are automatically operated or designed as computer controlled. These robotic systems are more accurate, decrease the contamination of samples, and minimize the manual errors. Automated pipetting robots aid in eliminating human error and inter-operator variability on pipetting volumes across the entire pipetting process from plate filling and reagent addition to serial dilutions. A significant trend impacting the lab automation systems market is the reduction in sample load volumes to microliters and nanoliters. As small volume sizes require lower amount of reagents, the cost per test is significantly reduced. More MarketGlass™ Platform Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android About Global Industry Analysts, Inc. & StrategyR™ CONTACTS: LINKS Connect With Us on LinkedIn Follow Us on Twitter Journalists & Media View original content to download multimedia:https://www.prnewswire.com/news-releases/global-modular-laboratory-automation-market-to-reach-4-6-billion-by-2026--301526456.html SOURCE Global Industry Analysts, Inc. |