By Daniel Webster, dWeb.News Publisher
DUBLIN–(BUSINESS WIRE)–The “Laboratory Automation Systems Global Market Report 2021: COVID-19 Growth and Change to 2030” report has been added to ResearchAndMarkets.com’s offering.
The global laboratory automation systems market is expected to grow from $4. 85 billion in 2020 to $5.2 billion in 2021 at a compound annual growth rate (CAGR) of 7.2%. The market is expected to reach $6.4 billion in 2025 at a CAGR of 5.3%.
The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The major players in the market for laboratory automation systems are Tecan Group and Perkinelmer.
This market is made up of the sales of laboratory automation system and related services. Laboratory automation systems speed up processes like drug discovery and vaccine production. The laboratory automation system includes clinical laboratory equipment and instruments that can analyze and automate large numbers of samples within the laboratory. Robots, conveyors and computer hardware &software are all part of the laboratory automation market.
The market for laboratory automation systems is slowing down due to a shortage of qualified and skilled healthcare professionals who can operate the sophisticated laboratory equipment that requires specialized skills. This is expected to limit the market to a few hospitals, research organisations, and medical equipment companies in Europe and the USA. 40% of the healthcare industry was facing difficulties in hiring for process development staff due to shortage of talent.
According to American Society for Clinical Pathology (ASCP) survey, average job-vacancy rates exceeds 50% in some states. The market’s growth has been further limited by increased competition and lower salaries.
Hospital laboratories are adopting RFID technology to automate their laboratory systems. This is due to the increased productivity and quality of the products, lower costs, errors reduction, faster delivery and lower human intervention.
RFID technology is an automated system of identification that uses wireless communication. It consists of a tag and reader that can transmit radio frequency information. Although RFID technology can perform additional functions and actions without the need for human intervention, it is much more efficient than bar code technology. An RFID system includes a transponder, transceiver and a data processing device to help meet hospital laboratory tracking and identification requirements. Laboratory automation systems use RFID tags to identify patient samples and smart cards for data storage under a control station that monitors the lab. For instance, Mayo Clinic, a healthcare company, adopted RFID enabled laboratory automation systems in order to minimize errors by 70%, maximize efficiency and patient safety, and reduce specimen turnaround time by 50%. The increased demand for microbiology testing has led to the adoption of automated laboratory systems in clinical microbiology. Total laboratory automation is replacing manual culture-based microbiology laboratory tests with automated ones.
Popular systems like Copan’s WASPLab, Kiestra TLA by Becton Dickinson, and Copan’s Kiestra TLA enable total laboratory automation (TLA), which allows for culture-based microbiology testing. Automated laboratory systems are growing because of their potential to improve laboratory efficiency, turnaround times, and overall quality for culture-based microbiology testing.
Key Topics: . Executive Summary 2. Laboratory Automation Systems Market Characteristics
3. Laboratory Automation Systems Market Trends and Strategies
4. Impact Of COVID-19 On Laboratory Automation Systems
5. Market Size and Growth
5. Global Laboratory Automation Systems Historic Market, 2015-2020, $ Billion
5.1.1. Market Drivers
5.1.2. Restraints on the Market 5.2.2. Global Laboratory Automation Systems Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Market Drivers
5.2.2. Restraints on the Market
HTML6. Laboratory Automation Systems Market Segmentation
6.1. Global Laboratory Automation Systems Market, Segmentation by Equipment & Software, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Automated Liquid Handling
Automated Storage and Retrieval Systems
Software and Informatics
6.2. Global Laboratory Automation Systems Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.3. Global Laboratory Automation Systems Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Biotechnology and Pharmaceutical Industries
Hospitals and Private Labs
6.4. Global Laboratory Automation Systems Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Total Lab Automation
7. Laboratory Automation Systems Market Regional and Country Analysis
7. Global Laboratory Automation Systems Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Laboratory Automation Systems Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Thermo Fisher Scientific
Becton Dickinson and Company
BioTek Instruments Inc.
Bee Robotics Ltd
Apricot Designs Inc.
Hudson Robotics Inc.
For more information about this report visit https://www.researchandmarkets.com/r/8lsiq5
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