Latest Market Research Reports

  Lab Automation Industry The global   lab automation market   is projected to attain a value of USD 11.60 billion by the year 2030, progressing at a compound annual growth rate (CAGR) of 6.64% throughout the forecast period, according to a recent report by Grand View Research, Inc. The growth of this market is largely driven by the increasing need to enhance operational efficiency and productivity in laboratories, coupled with the growing emphasis on cost-effectiveness. Additionally, ongoing technological advancements and the escalating complexity of laboratory workflows are further accelerating market development. Modern laboratories, which handle intricate processes and high-throughput workflows, are increasingly seeking advanced systems to simplify and optimize operations, thereby boosting demand for lab automation solutions. One of the key factors propelling market expansion is the growing adoption of lab automation technologies to expedite laboratory procedures. For...

  Lab Automation Industry Overview The global lab automation market size was estimated at USD 6.87 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.64% from 2023 to 2030. Laboratory automation utilizes a special kind of technology to streamline or substitute the manual manipulation of methods and equipment. Based on the laboratory workflow, the level and degree of automation are decided. The higher adoption of automated instruments is most often observed at academic and research institutes to bolster productivity and decrease the time spent on different time-consuming tasks. In addition, the rising use of automated instruments for drug discovery and development purposes is further anticipated to propel the market growth during the forecast period. For instance, in June 2022, Insilico Medicine announced its plans to launch an automated AI-driven robotics laboratory for drug discovery. Gather more insights about the market drivers, restrains and gr...

Lab Automation Industry Overview The global lab automation market size was estimated at USD 4.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.1% from 2021 to 2028. Lab automation uses technology to substitute or streamline the manual manipulation of processes and equipment. Depending on the workflow of a lab the degree of automation is decided. The extended use of automated instruments is most often observed at academic and research institutes to enhance their productivity and decrease the time spent on various tedious tasks. Additionally, the use of automated instruments by drug discovery units of pharmaceutical companies is further anticipated to automate its research phases extensively, propelling market growth. Gather more insights about the market drivers, restrains and growth of the  Global  Lab Automation Market The rise in advantages offered by lab automation is one of the major factors anticipated to boost market growth in ...