Lab Automation Market to Reach $5.48 Billion by 2021 - Emerging Economies are Lucrative Markets for Lab Automation - Research and Markets

DUBLIN, October 26, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Lab Automation Market - Global Forecasts to 2021" report to their offering.

The global lab automation market is projected to USD 5.48 Billion by 2021 from USD 3.92 Billion in 2016, growing at a CAGR of 6.9% from 2016 to 2021. Developing markets such as the Brazil, China, India, and Middle East are lucrative markets for lab automation, owing to increasing government and corporate funding for biotech and pharmaceutical research.

The report segments the global lab automation market by equipment and software, application, type, end user, and region. Microplate Readers are the key playing field in the lab automation equipment and software market, owing to increasing benefits such as in research, drug discovery, bioassay validation, QC, and manufacturing for the detection of biological, chemical, or physical processes in samples contained in microtiter plates.

Drug discovery, clinical diagnostics, genomics solutions, proteomics solutions, and other applications (bio banking and cell biology solutions) are major application segments of lab automation market. In 2016, the drug discovery application segment is expected to account for the largest share of the global lab automation market. The need for high-/ultra-high-throughput screening and reduced time-to-market for drugs are the major drivers for the growth of the drug discovery segment.

Biotechnology and pharmaceutical industries are the major end user of the lab automation market, followed by  research institutes. The large share of this segment can be attributed to increase demand of the biopharmaceuticals.

Companies Mentioned:

• Agilent Technologies
• Biomérieux Sa
• Danaher Corporation
• Hamilton Robotics, Inc.
• Perkinelmer, Inc.
• Qiagen N.V.
• Roche Holding Ag
• Siemens Ag
• Tecan Group Ltd.
• Thermo Fisher Scientific, Inc. 

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Lab Automation Market, By Equipment And Software

7 Lab Automation Market, By Application

8 Lab Automation Market, By Type

9 Lab Automation Market, By End User

10 Lab Automation Market, By Region

11 Competitive Landscape 

12 Company Profiles

13 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/6w3g6f/lab_automation

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