DUBLIN--(BUSINESS WIRE)--Aug 22, 2018--The "Lab Automation - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

According to the report, the global Lab Automation Market was estimated at $3.8 billion in 2017 and is projected to reach $7.08 billion by 2026, at a CAGR of 7.1%.

Advancements in drug discovery and clinical diagnostics, benefits of lab automation over traditional laboratory, shortage of laboratory professionals and miniaturization of processes resulting in low reagent costs and high productivity are some key factors driving the market growth. However, low priority for lab automation among small and medium-sized laboratories and lack of planning for technology development are one of the major factors restraining the market growth.

Based on Application, the genomics solutions segment is expected to hold steady growth during the forecast period. The rising need for high-throughput genomics in research labs and increase in genetic testing in diagnostic labs along, with better accuracy and reproducibility is contributing to the growth of lab automation solutions in genomics.

By geography, North America is projected to account for the largest share of the global market. The growth in this region is driven by the rising number of investments in research and innovation by the government, large presence of pharmaceutical R&D labs in this region, and lab automation adoption by hospitals and clinical diagnostic labs due to increasing volume of tests.

Key Topics Covered

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Lab Automation Market, By Application

6 Global Lab Automation Market, By Equipment & Software

7 Global Lab Automation Market, By End-User

8 Global Lab Automation Market, By Geography

9 Key Developments

10 Company Profiling

Honeywell International Shimadzu Hudson Robotics Siemens Healthcare Thermo Fisher Scientific Agilent Technologies Synchron Lab Automation Becton Dickinson Eppendorf AG Aurora Biomed Roche Holding AG Danaher Tecan Group Ltd. Bio-Rad Perkinelmer

For more information about this report visit https://www.researchandmarkets.com/research/nfqznl/global_lab?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180822005578/en/

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Related Topics:Laboratory Equipment

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SOURCE: Research and Markets

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PUB: 08/22/2018 01:53 PM/DISC: 08/22/2018 01:53 PM

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