About Lab Automation in Bioanalysis
The global lab automation in the bioanalysis market is expected to rise throughout the forecasted period due to the demand for efficiency, handling sample results, data integrity, reducing hazards, etc. The lab automation in bioanalysis means the track system and connects all aspects of laboratory process including the receiving of the specimen and the result. The automation helps in the sub-discipline of analytical chemistry including the measurement of drugs, metabolites, and biotics in biological systems. It also improves the workflows and eliminates bottlenecks, making it key interest area for bioanalysts.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
There are various companies are exploring the market in new geographical regions by adopting various market growth strategies such as mergers & acquisitions, expansions, investments, new product launches and many others. The market leading players are exploring new opportunity areas through expansions and acquisitions across the globe to avail competitive advantage through combined synergies. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Thermo Fisher Scientific (United States), Synchron Lab Automation (Netherlands), Agilent Technologies, Inc (United States), Bio-Rad Laboratories, Inc. (United States), Siemens (Germany), Hamilton Company (United States), Intertek Group plc (United Kingdom), Danaher Corporation (United States), Hudson Robotics Inc. (United States), Becton, Dickinson, and Company (United States), Pharmaceutical Product Development LLC (United States), Tecan Group (Switzerland) and Waters Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Shimadzu Corporation (Japan) and PerkinElmer, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Lab Automation in Bioanalysis market by Type (Biochemistry Analyzers, Immuno-Based Analyzers, Hematology Analyzers and Others), Application (Hospital, Medical Institution, Pharmaceutical and Others) and Region.
On the basis of geography, the market of Lab Automation in Bioanalysis has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Automation, the sub-segment i.e. Robots will boost the Lab Automation in Bioanalysis market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Equipment, the sub-segment i.e. Liquid Handling Automation will boost the Lab Automation in Bioanalysis market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Use of Lab Automation in Bioanalysis for Surging Global Problem COVID 19 and Increasing Use of Laboratory Robots in Bioanalysis
Market Growth Drivers:
The demand for increased sample results, handling, data integrity and short method development time. It reduces tedious labor, hazards, errors and general productivity which is why automation in bioanalysis required.
Challenges:
The Requirement of Highly Skilled Scientists
Restraints:
Expensive Lab Automation in Bioanalysis and Use of Software Related Automation Might have the Risk of Data Theft
Opportunities:
Increasing Spendings on Research and Development in Bioanalysis
Market Leaders and their expansionary development strategies
In September 2019, Pharmaceutical Product Development, LLC announced the expansion of its bioanalytical laboratory in Virginia, which will enhance its ability to provide industry-leading capabilities to meet biopharmaceutical clients’ increasing research needs. The expansion of the lab’s immunochemistry, biomarker, and chromatography services builds on PPD’s ongoing investments in its Richmond facilities, which also have included significant previous enhancements to its vaccine sciences, biomarker, genomics and automation services. The current expansion includes growing the lab’s immunochemistry and biomarker space by 8,000 square feet, which will be used for both biomarker lab capacity and a dedicated lab team for one of PPD’s global biopharmaceutical clients.
In January 2020, Waters Corporation, an analytical laboratory instrument and software provider, have officially entered into an agreement to acquire Andrew Alliance (Geneva, Switzerland), an innovator in laboratory automation technology, including robotics and software. The platform and its modern interface are designed to improve the use of automation technology and enable more scientists to realize the potential advantages of repeatability for routine and complex laboratory workflows.
Key Target Audience
Lab Automation Providers, Bioanalysis Scientists, Research and Development Institutes, Potential Investor, Regulatory Bodies, National Laboratories and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.