SHARE
Lab Automation For In-Vitro Diagnostic - Global Market Outlook (2019-2027)

Lab Automation For In-Vitro Diagnostic - Global Market Outlook (2019-2027)

Published: June 2020 ID: SMRC19386
Published: June 2020 ID: SMRC19386

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Lab Automation for In-Vitro Diagnostics Market is accounted for $4,315.48 million in 2019 and is expected to reach $8,288.33 million by 2027 growing at a CAGR of 8.5% during the forecast period. Some of the key factors propelling the market growth include flexibility and adaptability of lab automation systems, digital transformation for laboratories with IoT, innovative development in the IVD field, and increasing the demand for early remedies and diagnosis. However, lack of skilled laboratory professionals is likely to hamper the market.

In-vitro diagnostics (IVD) tests are basically medical devices that could be in the form of reagents, techniques, instruments, or a combination of these used in vitro for the examination of specimens, such as blood, urine, or tissue, with the goal of obtaining a diagnosis from assays in a controlled environment. Diagnostic tests are usually conducted in laboratories, private or public, equipped with appropriate and sometimes expensive instrumentation and staffed with trained and qualified personnel to perform the tests. Some IVDs can extend beyond the laboratory, hospital, or doctor’s office, thereby empowering patients with chronic diseases to self-monitor and manage their own conditions.

By end user, laboratories are one of the prime recipients of lab automation for In-Vitro diagnostics. Hospitals and private labs are considered as laboratories. Technological innovations have improved the productivity of clinical labs. Owing to the ongoing advances in connected technologies and cloud-based laboratory information management systems (LIMS) platforms, these tools are helping businesses to access the benefits of the digital transformation and provide laboratories a secure way to organize data, making accessing insights quick and easy, while allowing businesses to control which data is sent to third-party instrument vendors.

On the basis of geography, North America region is expected to have considerable market growth during the forecast period, owing to the availability of government funds, stringent FDA regulations, growing use of molecular diagnostics in genetic disorders and cancer screening, and the presence of most of the major players in this region. North America has been a pioneer in clinical research for years. The region also has the highest concentration of contract research organizations (CRO’s). Some of the sisgnificant CROs are Laboratory Corp. of America Holdings, IQVIA, Syneos Health, and Parexel International Corp.

Some of the key players in lab automation for in-vitro diagnostics market include Siemens Healthineers AG, Cognex Corporation, Tecan Group Ltd, Roche Holding AG, PerkinElmer Inc., Thermo Fisher Scientific Inc., Becton, Dickinson and Company, Danaher Corporation, Abbott Laboratories, Agilent Technologies Inc., F. Hoffmann-La Roche Ltd, and Bee Robotics Ltd.

Equipments Covered:
• Automated Storage and Retrieval System
• Analyzer
• Automated Plate Handler
• Robotic Arm
• Automated Liquid Handler

End Users Covered:
• Laboratory
• Academic

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Select License Type

Single User License (PDF)
2 - 5 User License (PDF)
Site License (PDF)
Corporate License (PDF)

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials