Lab Automation For In Vitro Diagnostic Market
PUBLISHED: 2020 ID: SMRC19386
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Lab Automation For In Vitro Diagnostic Market

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

4.8 (34 reviews)
4.8 (34 reviews)
Published: 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

Table of Contents

1 Executive Summary   
    
2 Preface   

 2.1 Abstract  
 2.2 Stake Holders  
 2.3 Research Scope  
 2.4 Research Methodology  
  2.4.1 Data Mining 
  2.4.2 Data Analysis 
  2.4.3 Data Validation 
  2.4.4 Research Approach 
 2.5 Research Sources  
  2.5.1 Primary Research Sources 
  2.5.2 Secondary Research Sources 
  2.5.3 Assumptions 
    
3 Market Trend Analysis   
 3.1 Introduction  
 3.2 Drivers  
 3.3 Restraints  
 3.4 Opportunities  
 3.5 Threats  
 3.6 End User Analysis  
 3.7 Emerging Markets  
 3.8 Impact of Covid-19  
    
4 Porters Five Force Analysis   
 4.1 Bargaining power of suppliers  
 4.2 Bargaining power of buyers  
 4.3 Threat of substitutes  
 4.4 Threat of new entrants  
 4.5 Competitive rivalry  
    
5 Global Lab Automation for In-Vitro Diagnostics Market, By Equipment   

 5.1 Introduction  
 5.2 Automated Storage and Retrieval System  
 5.3 Analyzer  
 5.4 Automated Plate Handler  
 5.5 Robotic Arm  
 5.6 Automated Liquid Handler  
    
6 Global Lab Automation for In-Vitro Diagnostics Market, By End User   
 6.1 Introduction  
 6.2 Laboratory  
 6.3 Academic  
    
7 Global Lab Automation for In-Vitro Diagnostics Market, By Geography   
 7.1 Introduction  
 7.2 North America  
  7.2.1 US 
  7.2.2 Canada 
  7.2.3 Mexico 
 7.3 Europe  
  7.3.1 Germany 
  7.3.2 UK 
  7.3.3 Italy 
  7.3.4 France 
  7.3.5 Spain 
  7.3.6 Rest of Europe 
 7.4 Asia Pacific  
  7.4.1 Japan 
  7.4.2 China 
  7.4.3 India 
  7.4.4 Australia 
  7.4.5 New Zealand 
  7.4.6 South Korea 
  7.4.7 Rest of Asia Pacific 
 7.5 South America  
  7.5.1 Argentina 
  7.5.2 Brazil 
  7.5.3 Chile 
  7.5.4 Rest of South America 
 7.6 Middle East & Africa  
  7.6.1 Saudi Arabia 
  7.6.2 UAE 
  7.6.3 Qatar 
  7.6.4 South Africa 
  7.6.5 Rest of Middle East & Africa 
    
8 Key Developments   

 8.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 8.2 Acquisitions & Mergers  
 8.3 New Product Launch  
 8.4 Expansions  
 8.5 Other Key Strategies  
    
9 Company Profiling   
 9.1 Siemens Healthineers AG  
 9.2 Cognex Corporation  
 9.3 Tecan Group Ltd  
 9.4 Roche Holding AG  
 9.5 PerkinElmer Inc.  
 9.6 Thermo Fisher Scientific Inc.  
 9.7 Becton, Dickinson and Company  
 9.8 Danaher Corporation  
 9.9 Abbott Laboratories  
 9.10 Agilent Technologies Inc.  
 9.11 F. Hoffmann-La Roche Ltd  
 9.12 Bee Robotics Ltd. 


List of Tables    
1 Global Lab Automation for In-Vitro Diagnostics Market Outlook, By Region (2018-2027) ($MN)   
2 Global Lab Automation for In-Vitro Diagnostics Market Outlook, By Equipment (2018-2027) ($MN)   
3 Global Lab Automation for In-Vitro Diagnostics Market Outlook, By Automated Storage and Retrieval System (2018-2027) ($MN)   
4 Global Lab Automation for In-Vitro Diagnostics Market Outlook, By Analyzer (2018-2027) ($MN)   
5 Global Lab Automation for In-Vitro Diagnostics Market Outlook, By Automated Plate Handler (2018-2027) ($MN)   
6 Global Lab Automation for In-Vitro Diagnostics Market Outlook, By Robotic Arm (2018-2027) ($MN)   
7 Global Lab Automation for In-Vitro Diagnostics Market Outlook, By Automated Liquid Handler (2018-2027) ($MN)   
8 Global Lab Automation for In-Vitro Diagnostics Market Outlook, By End User (2018-2027) ($MN)   
9 Global Lab Automation for In-Vitro Diagnostics Market Outlook, By Laboratory (2018-2027) ($MN)   
10 Global Lab Automation for In-Vitro Diagnostics Market Outlook, By Academic (2018-2027) ($MN)   
11 North America Lab Automation for In-Vitro Diagnostics Market Outlook, By Country (2018-2027) ($MN)   
12 North America Lab Automation for In-Vitro Diagnostics Market Outlook, By Equipment (2018-2027) ($MN)   
13 North America Lab Automation for In-Vitro Diagnostics Market Outlook, By Automated Storage and Retrieval System (2018-2027) ($MN)   
14 North America Lab Automation for In-Vitro Diagnostics Market Outlook, By Analyzer (2018-2027) ($MN)   
15 North America Lab Automation for In-Vitro Diagnostics Market Outlook, By Automated Plate Handler (2018-2027) ($MN)   
16 North America Lab Automation for In-Vitro Diagnostics Market Outlook, By Robotic Arm (2018-2027) ($MN)   
17 North America Lab Automation for In-Vitro Diagnostics Market Outlook, By Automated Liquid Handler (2018-2027) ($MN)   
18 North America Lab Automation for In-Vitro Diagnostics Market Outlook, By End User (2018-2027) ($MN)   
19 North America Lab Automation for In-Vitro Diagnostics Market Outlook, By Laboratory (2018-2027) ($MN)   
20 North America Lab Automation for In-Vitro Diagnostics Market Outlook, By Academic (2018-2027) ($MN)   
21 Europe Lab Automation for In-Vitro Diagnostics Market Outlook, By Country (2018-2027) ($MN)   
22 Europe Lab Automation for In-Vitro Diagnostics Market Outlook, By Equipment (2018-2027) ($MN)   
23 Europe Lab Automation for In-Vitro Diagnostics Market Outlook, By Automated Storage and Retrieval System (2018-2027) ($MN)   
24 Europe Lab Automation for In-Vitro Diagnostics Market Outlook, By Analyzer (2018-2027) ($MN)   
25 Europe Lab Automation for In-Vitro Diagnostics Market Outlook, By Automated Plate Handler (2018-2027) ($MN)   
26 Europe Lab Automation for In-Vitro Diagnostics Market Outlook, By Robotic Arm (2018-2027) ($MN)   
27 Europe Lab Automation for In-Vitro Diagnostics Market Outlook, By Automated Liquid Handler (2018-2027) ($MN)   
28 Europe Lab Automation for In-Vitro Diagnostics Market Outlook, By End User (2018-2027) ($MN)   
29 Europe Lab Automation for In-Vitro Diagnostics Market Outlook, By Laboratory (2018-2027) ($MN)   
30 Europe Lab Automation for In-Vitro Diagnostics Market Outlook, By Academic (2018-2027) ($MN)   
31 Asia Pacific Lab Automation for In-Vitro Diagnostics Market Outlook, By Country (2018-2027) ($MN)   
32 Asia Pacific Lab Automation for In-Vitro Diagnostics Market Outlook, By Equipment (2018-2027) ($MN)   
33 Asia Pacific Lab Automation for In-Vitro Diagnostics Market Outlook, By Automated Storage and Retrieval System (2018-2027) ($MN)   
34 Asia Pacific Lab Automation for In-Vitro Diagnostics Market Outlook, By Analyzer (2018-2027) ($MN)   
35 Asia Pacific Lab Automation for In-Vitro Diagnostics Market Outlook, By Automated Plate Handler (2018-2027) ($MN)   
36 Asia Pacific Lab Automation for In-Vitro Diagnostics Market Outlook, By Robotic Arm (2018-2027) ($MN)   
37 Asia Pacific Lab Automation for In-Vitro Diagnostics Market Outlook, By Automated Liquid Handler (2018-2027) ($MN)   
38 Asia Pacific Lab Automation for In-Vitro Diagnostics Market Outlook, By End User (2018-2027) ($MN)   
39 Asia Pacific Lab Automation for In-Vitro Diagnostics Market Outlook, By Laboratory (2018-2027) ($MN)   
40 Asia Pacific Lab Automation for In-Vitro Diagnostics Market Outlook, By Academic (2018-2027) ($MN)   
41 South America Lab Automation for In-Vitro Diagnostics Market Outlook, By Country (2018-2027) ($MN)   
42 South America Lab Automation for In-Vitro Diagnostics Market Outlook, By Equipment (2018-2027) ($MN)   
43 South America Lab Automation for In-Vitro Diagnostics Market Outlook, By Automated Storage and Retrieval System (2018-2027) ($MN)   
44 South America Lab Automation for In-Vitro Diagnostics Market Outlook, By Analyzer (2018-2027) ($MN)   
45 South America Lab Automation for In-Vitro Diagnostics Market Outlook, By Automated Plate Handler (2018-2027) ($MN)   
46 South America Lab Automation for In-Vitro Diagnostics Market Outlook, By Robotic Arm (2018-2027) ($MN)   
47 South America Lab Automation for In-Vitro Diagnostics Market Outlook, By Automated Liquid Handler (2018-2027) ($MN)   
48 South America Lab Automation for In-Vitro Diagnostics Market Outlook, By End User (2018-2027) ($MN)   
49 South America Lab Automation for In-Vitro Diagnostics Market Outlook, By Laboratory (2018-2027) ($MN)   
50 South America Lab Automation for In-Vitro Diagnostics Market Outlook, By Academic (2018-2027) ($MN)   
51 Middle East & Africa Lab Automation for In-Vitro Diagnostics Market Outlook, By Country (2018-2027) ($MN)   
52 Middle East & Africa Lab Automation for In-Vitro Diagnostics Market Outlook, By Equipment (2018-2027) ($MN)   
53 Middle East & Africa Lab Automation for In-Vitro Diagnostics Market Outlook, By Automated Storage and Retrieval System (2018-2027) ($MN)   
54 Middle East & Africa Lab Automation for In-Vitro Diagnostics Market Outlook, By Analyzer (2018-2027) ($MN)   
55 Middle East & Africa Lab Automation for In-Vitro Diagnostics Market Outlook, By Automated Plate Handler (2018-2027) ($MN)   
56 Middle East & Africa Lab Automation for In-Vitro Diagnostics Market Outlook, By Robotic Arm (2018-2027) ($MN)   
57 Middle East & Africa Lab Automation for In-Vitro Diagnostics Market Outlook, By Automated Liquid Handler (2018-2027) ($MN)   
58 Middle East & Africa Lab Automation for In-Vitro Diagnostics Market Outlook, By End User (2018-2027) ($MN)   
59 Middle East & Africa Lab Automation for In-Vitro Diagnostics Market Outlook, By Laboratory (2018-2027) ($MN)   
60 Middle East & Africa Lab Automation for In-Vitro Diagnostics Market Outlook, By Academic (2018-2027) ($MN)   

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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