Lab Automation Market | Exactitude Consultancy Reports

Sat, 03 Jun 2023 06:34:08 +0000

Lab Automation Market by Product (Product Type, Software & Solutions), Application (Drug Discovery, Diagnostics, Genomic Solutions), End User (Biotechnology and pharmaceutical companies, Hospital and diagnostic laboratories, Research and academic institutes, Forensic laboratories, Environmental and testing laboratories, Food, and beverage industry), and Region, Global trends and forecast from 2022 to 2029

The lab automation market is expected to grow at 6.6% CAGR from 2022 to 2029. It is expected to reach above USD 10.17 billion by 2029 from USD 5.16 billion in 2020.

Segment Analysis
The lab automation market is segmented into automated workstations, automated work cells that are readily available off the shelf, robotic systems, automated storage and retrieval systems, and others based on product. The largest portion of the global market is accounted by the automated workstation segment. Workstations decrease turnaround times, increase efficiency, and lower expenses. These are the main elements fueling market expansion.

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