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Dublin, December 20, 2021 (Global News Agency) – “Global Laboratory Automation Market by Product, Type, and Geography (2021-2027). Impact of Covid-19, Ansoff Analysis” Report has been added to ResearchAndMarkets.com supply.
Taking into account a variety of factors, such as the adoption of laboratory automation by pharmaceutical and R&D institutions and the increasing demand for miniaturized process equipment, it is expected that laboratory automation will increase during the forecast period.
In 2021, the global laboratory automation market is estimated to be 4.67 billion U.S. dollars and is expected to reach 6.66 billion U.S. dollars by 2027, with a compound annual growth rate of 6.1%
Various factors have contributed to the growth of the laboratory automation market, such as the increase in the elderly population, the miniaturization of processes, the benefits of laboratory automation, the progressive market for drug discovery and diagnostics, and government funding for biotechnology and drug discovery research, and vice versa The low priority of the laboratory automation of small and medium-sized laboratories has become a restrictive factor in the market.
Market dynamics
driver
- Increased adoption of laboratory automation
- Process miniaturization
- The growing market for drug discovery and diagnostics
- Government funding for biotechnology and drug discovery research
constraint
- Small and medium-sized laboratories have lower priority for laboratory automation
Chance
- Emerging markets provide plenty of opportunities for market participants
- The wide range and increasing adoption of microbiology
- Biobank application
Market segments covered
Based on equipment and software,…
The full story can be found on Benzinga.com
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