Smart Lab Market is estimated to be US$ 6.84 billion by 2030 with a CAGR of 5.30% during the forecast period
Smart Lab Market accounted for
US$ 4.1 billion in 2020 and is estimated to be US$ 6.84 billion by 2030 and is
anticipated to register a CAGR of 5.30%. Smart Lab uses technology to automate
or replace manual procedures and equipment manipulation. The degree of
automation in a lab is determined by the workflow. The widespread use of
automated instruments is most commonly seen at academic and research institutes
in order to increase production and save time spent on different monotonous
chores. Furthermore, the usage of automated tools by pharmaceutical companies'
drug development departments is expected to significantly automate research
phases, boosting market growth. The medical laboratory area has been altered by
laboratory automation, which has steadily replaced semi-automatic and manual
processes with completely automated equipment.
The report " Global Smart Lab Market, By Product (Robotic
Arm, Microplate Readers, Workstation, LIMS, ELN), By Application (Drug
Discovery, Diagnostics, Genomics, Proteomics, Microbiology), By End-User
(Pharma, Diagnolab, Forensics, Environmental) and By Region (North America,
Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market
Trends, Analysis, and Forecast till 2030’’
Key Highlights:
·
Thermo Fisher
Scientific, Inc. launched the Rapid EZ DNA-Seq library preparation kit in
February 2020, which allows for PCR-free creation of sequencing-ready libraries
for NGS.
·
Danaher
Corporation (Beckman Coulter, Inc.) and Clever Culture Systems (CCS), a leader
in microbiology automation utilising AI, signed a marketing agreement in July
2020 to promote the APAS Independence in their range of lab automation products.
·
Agilent
Technologies, Inc. bought BioTek Instruments (US) in July 2019 to add BioTek's
biomedical instruments to its portfolio and provide clients with integrated
solutions in the fast-growing field of live-cell analysis.
Analyst View:
To fulfil the expanding needs of the healthcare
sector, pharmaceutical and biotechnology businesses are investing heavily in
research. Pharmaceutical businesses such as Sun Pharmaceuticals, Cipla, and
Lupin Ltd., for instance, invested 8.8% of their revenues on R&D in FY 2018,
according to the India Brand Equity Foundation (IBEF). Furthermore, cooperation
between pharma companies and healthcare stakeholders for R&D into therapies
will promote the use of lab automation, likely driving the demand for Lab
Automation market above production levels.
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Key Market
Insights from the report:
Global Smart Lab Market accounted for US$ 4.1 billion in 2020 and is
estimated to be US$ 6.84 billion by 2030 and is anticipated to register a CAGR
of 5.30%. The Global Smart Lab
Market is segmented based on product, application, end-user and region.
·
Based on
Product, Global Smart Lab Market is segmented into Robotic Arm, Microplate
Readers, Workstation, LIMS, and ELN.
·
Based on
Application, Global Smart Lab Market is segmented into Drug Discovery,
Diagnostics, Genomics, Proteomics, and Microbiology.
·
Based on
End-User, Global Smart Lab Market is segmented into Pharma, Diagnolab,
Forensics, and Environmental.
·
By Region, the
Global Smart Lab Market is segmented into North America, Europe, Asia Pacific,
Latin America, and Middle East & Africa.
Competitive
Landscape & their strategies of Global Smart Lab Market:
The
key players operating in the smart lab market are Thermo Fisher Scientific,
Inc. (US), Danaher Corporation (US),PerkinElmer Inc. (US), Agilent Technologies
(US), F. Hoffmann-La Roche Ltd. (Switzerland), and Tecan Group Ltd.
(Switzerland).
The
market provides detailed information regarding the industrial base,
productivity, strengths, manufacturers, and recent trends which will help
companies enlarge the businesses and promote financial growth. Furthermore, the
report exhibits dynamic factors including segments, sub-segments, regional
marketplaces, competition, dominant key players, and market forecasts. In
addition, the market includes recent collaborations, mergers, acquisitions, and
partnerships along with regulatory frameworks across different regions
impacting the market trajectory. Recent technological advances and innovations
influencing the global market are included in the report.
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