LONDON--(BUSINESS WIRE)--The modular laboratory automation market is poised to grow by USD 1.08 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. Request free sample pages
Read the 169-page report with TOC on "Modular Laboratory Automation Market Analysis Report by End-user (hospitals and diagnostic laboratories, pharmaceutical and biotechnology companies, and other end-users), and Geography (Asia, Europe, North America, and ROW), and the Segment Forecasts, 2020-2024".
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The market is driven by the rise in research activities. In addition, smart integration is anticipated to boost the growth of the modular laboratory automation market.
Laboratories are undergoing revolutionary changes owing to the increasing adoption of automated systems. With increase in drug discovery, development and research activities, automation modules are finding extensive applications for enhancing high-throughput screening capabilities and ensuring efficiency, accuracy, and reproducibility in pharmaceutical and biotechnology workflows. Advanced automated liquid handlers are enabling low volume and precision liquid handling in drug research workflows. To maintain a competitive edge, research laboratories, involved in drug developments, are focusing on adopting automation technologies. As a result, vendors are signing partnership agreements for developing robust modular automation infrastructure. Such factors will significantly influence modular laboratory automation market growth over the forecast period.
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Major Five Modular Laboratory Automation Companies:
Agilent Technologies Inc.
Agilent Technologies Inc. is headquartered in the US and operates the business under various segments such as Life Sciences and Applied Markets, Diagnostics and Genomics, and Agilent CrossLab. The company offers BenchCel Workstation and Bravo BenchCel Workstation along with microplate management instruments.
Becton, Dickinson and Co.
Becton, Dickinson and Co. is headquartered in the US and offers products through the following business units: BD Medical, BD Life Sciences, and BD Interventional. The company offers BD Kiestra InoqulA+ specimen processor and BD Kiestra WCA system.
Bio-Rad Laboratories Inc.
Bio-Rad Laboratories Inc. is headquartered in the US and operates under the following two business segments, namely Life Science and Clinical Diagnostics. The company offers an automated high-throughput flow cytometer solution.
Danaher Corp.
Danaher Corp. is headquartered in the US and offers products through the following business segments: Life Sciences, Diagnostics, Dental, and Environmental & Applied Solutions. The company offers AutoMate 2500 Family Sample Processing Systems, Power Link Workcell, Power Processor Sample Handling System, Power Express Laboratory Automation System, and Liquid Handlers.
F. Hoffmann-La Roche Ltd.
F. Hoffmann-La Roche Ltd. is headquartered in Switzerland and offers products through the following two business segments: Pharmaceuticals and Diagnostics. The company offers Cobas, MagNA Pure, VANTAGE workflow, and LightCycler.
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Modular Laboratory Automation Market End-user Outlook (Revenue, USD Billion, 2020-2024)
- Hospitals and diagnostic laboratories
- Pharmaceutical and biotechnology companies
- Other end-users
Modular Laboratory Automation Market Geographic Outlook (Revenue, USD Billion, 2020-2024)
- Asia
- Europe
- North America
- ROW
- Key leading countries
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