Lab Automation Software Market 2021-2024: Growth Drivers, Business Statistics, Top Region with Share, and Revenue Analysis

Lab Automation Software

The “Lab Automation Software Market” Report provides a thorough examination of the market. The Lab Automation Software Market research investigates how firms in the Lab Automation Software Market are reacting to changing market conditions by examining major industry strategies. The report covers current top players are recognised and rated based on their market shares. It also includes data on leading manufacturers, market segmentation by types, applications, and geographic regions. Market capacity, production, consumption, sales, and revenue are all discussed in this Lab Automation Software market report.

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Competitor Analysis:

Lab Automation Software market covers the vision of competitor analysis by product types, market share, applications, sales and revenue. It covers the top key players like –

  • Thermo Fisher Scientific
  • Danaher Corporation
  • Hudson Robotics
  • Becton, Dickinson & Company
  • Synchron Lab Automation
  • Agilent Technologies
  • Siemens Healthcare
  • Tecan Group Ltd
  • Perkinelmer Inc.
  • Bio
  • Rad Laboratories Inc.
  • Roche Holding AG
  • Eppendorf AG
  • Shimadzu Corporation

    Market Overview:

  • The lab automation software market is expected to register a CAGR of 5.23% over the forecast period (2019 – 2024). Automation is used in a wide variety of life science applications ranging from proteomics to systems biology. Automation of routine laboratory procedures for the use of dedicated workstations and software to program instruments allows associate scientists and technicians to think creatively about the implications of their experimentation and to design useful follow-up projects or develop alternative approaches to their work instead of spending their days performing tasks of tedious repetition.
  • – The integration of robotics and automation is rapidly increasing, owing to the enhanced productivity and mitigated operational cost for laboratories. It is likely to boost the market growth over the forecast period.
  • – The progress in understanding and the discovery of the nature of life, including the polymerase chain reaction (PCR), splice genes, means of sequencing are on the rise, which may propel the market growth.
  • – The cost to set lab automation module, including software, is on the higher side and discourages small enterprises. This factor is expected to hamper the market growth over the forecast period.

    Key Market Trends:

    Laboratory Information Management System Expected to Have Largest Market Share

    – The laboratory information management system industry exhibited robust growth over the past five years as laboratories grappled with an increase in sample volumes, partly due to the increased demand for diagnostic testing from the burgeoning elderly population.
    – Industry operators have particularly focused on developing software that assists with operational issues, such as data security and regulatory compliance. This market is driven by certain factors, such as the rising pressure to comply with regulations, a growing need to integrate healthcare systems, a shift from legacy systems to commercial off-the-shelf LIMS solutions, and technological advancements in LIMS products.
    – Moreover, the funding for tests, such as genome and DNA has led to an increase in the laboratory information and data. Therefore, the rising practice of genome study is favoring the market growth. Associated advantages, such as high precision and elimination of manual data transcription error are also anticipated to provide a boost to the market.

    North America Expected to Hold the Largest Market Share

    – The United States dominates the North American market and is the major revenue contributor in the region. The large share in this region can be attributed to the growing applications of lab automation in drug development and clinical laboratory functions. The rise in the number of clinical and pre-clinical studies worldwide has made the need for speed in the analysis of samples imperative, making automation one of the key components, contributing toward the growth of the market.
    – Strict regulations by the United States government and the FDA, along with the growing demand in the diagnostic market and the increasing usage of the discovery and research labs, owing to the rising presence of various diseases, such as cardiovascular and neurological diseases, in the region, has fuelled the growth of the market in this region.

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    Scope of the Report:

    Lab automation software automatically detects any faults or defects, and notifies the concerned person to take action. Moreover, it helps in maintaining schedules and lab routines, which can be accessed through the software present for various platforms. Some laboratories have established an integrated end-to-end robotics system that requires software to operate and track maintenance.

    Highlighted points of Lab Automation Software Market Report:

    • Varying dynamics of the Lab Automation Software industry.
    • Prospective changes in sales volumes and worldwide share growth in upcoming years
    • Lab Automation Software market report recognizes the key drivers of growth and challenges of the key industry players.
    • Competitors profiles along with product description, overview, and business data.
    • Complete analysis of market risks, opportunities, limitations, and growth of the market.
    • Market driving and restraining factors.
    • Delivers information on the historical and current market size and the future potential of the market.
    • Lab Automation Software market report provides comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of market.

    Key Benefits of this Lab Automation Software Market report:

    • The Lab Automation Software market report provides a comprehensive analysis of the current trends and future estimations in the world mining equipment market to identify the potential investment pockets.
    • The Lab Automation Software market report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
    • Quantitative analysis of the current trends and forecasts to 2024 is provided to showcase the financial competency of the Lab Automation Software market.
    • Porter’s Five Force model of the industry and SWOT analysis illustrate the potency of the buyers & suppliers.
    • Value chain analysis provides a clear understanding of the roles of stakeholders involved.

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    Detailed TOC of Lab Automation Software Market Report:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Market Definition
    1.4 Key Findings of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET INSIGHTS
    4.1 Market Overview
    4.2 Value Chain / Supply Chain Analysis
    4.3 Industry Attractiveness – Porter’s Five Forces Analysis
    4.3.1 Bargaining Power of Suppliers
    4.3.2 Bargaining Power of Buyers/Consumers
    4.3.3 Threat of New Entrants
    4.3.4 Threat of Substitute Products
    4.3.5 Intensity of Competitive Rivalry

    5 TECHNOLOGY SNAPSHOT

    6 MARKET DYNAMICS
    6.1 Market Drivers
    6.1.1 Increasing Research and Development by Pharmaceutical and Biotech Companies
    6.1.2 Growing Demand from Drug Discovery and Genomics
    6.2 Market Restraints
    6.2.1 Higher Initial Setup Costs Can be Expensive for Overall Module

    7 MARKET SEGMENTATION
    7.1 By Software
    7.1.1 Laboratory Information Management System (LIMS)
    7.1.2 Laboratory Information System (LIS)
    7.1.3 Chromatography Data System (CDS)
    7.1.4 Electronic Lab Notebook (ELN)
    7.1.5 Scientific Data Management System (SDMS)
    7.2 By Field of Application
    7.2.1 Drug Discovery
    7.2.2 Genomics
    7.2.3 Proteomics
    7.2.4 Clinical Diagnostics
    7.2.5 Other Applications
    7.3 Geography
    7.3.1 North America
    7.3.2 Europe
    7.3.3 Asia-Pacific
    7.3.4 Rest of the world

    8 COMPETITIVE LANDSCAPE
    8.1 Company Profiles
    8.1.1 Thermo Fisher Scientific
    8.1.2 Danaher Corporation
    8.1.3 Hudson Robotics
    8.1.4 Becton, Dickinson & Company
    8.1.5 Synchron Lab Automation
    8.1.6 Agilent Technologies
    8.1.7 Siemens Healthcare
    8.1.8 Tecan Group Ltd
    8.1.9 Perkinelmer Inc.
    8.1.10 Bio-Rad Laboratories Inc.
    8.1.11 Roche Holding AG
    8.1.12 Eppendorf AG
    8.1.13 Shimadzu Corporation

    9 INVESTMENT ANALYSIS

    10 MARKET OPPORTUNITIES AND FUTURE TRENDS

    Contact Us:

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