DUBLIN, Nov. 11, 2022 /PRNewswire/ — The “Modular Laboratory Automation – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
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 the 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 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 period.
The momentum in the modular laboratory automation market is likely to remain robust in the coming years. Concerns…