Syndicated Research Studies

The global lab automation market was valued at USD 6.87 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.64% from 2023 to 2030. Laboratory automation refers to the use of specialized technologies designed to streamline or replace the manual handling of procedures and equipment in labs. The degree of automation is typically determined by the specific workflow of the laboratory in question. In academic and research institutions, automated instruments are more frequently adopted to improve productivity and reduce the time spent on repetitive, time-consuming tasks. Moreover, the growing utilization of automated instruments in drug discovery and development is expected to further drive market expansion during the forecast period. A notable example is Insilico Medicine’s announcement in June 2022, where the company revealed plans to launch an AI-driven robotic laboratory for automated drug discovery. One of the key drivers of market growth is the w...

The global lab automation market was valued at USD 6.87 billion in 2022 and is forecast to grow at a compound annual growth rate (CAGR) of 6.64% from 2023 to 2030. Laboratory automation refers to the application of specialized technology designed to simplify, streamline, or entirely replace manual handling of processes and equipment within a laboratory setting. The degree and type of automation adopted depend on the specific needs and workflows of the laboratory. A notable trend is the increasing adoption of automated instruments in academic and research institutions, where such technologies help to boost productivity while reducing the time required to perform various labor-intensive tasks. Furthermore, the rising use of automated instruments in drug discovery and development is expected to fuel the market's growth over the forecast period. For example, in June 2022, Insilico Medicine revealed plans to launch an automated, AI-driven robotics laboratory specifically designed for d...

The global lab automation market was estimated at USD 6.87 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.64% from 2023 to 2030. Laboratory automation involves the use of specialized technology designed to streamline or replace manual handling of processes and equipment. The extent and nature of automation are determined by the specific laboratory workflow. A notable increase in the adoption of automated instruments is typically seen in academic and research institutions, where these tools are used to enhance productivity and reduce the time required for various labor-intensive tasks. Moreover, the growing utilization of automated instruments for drug discovery and development is expected to further drive market growth during the forecast period. For example, in June 2022, Insilico Medicine announced its intention to launch an automated, AI-driven robotics laboratory focused on drug discovery. Gather more insights about the market drivers, restr...

Lab Automation Industry Overview The global  lab automation market  size is expected to reach USD 8.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.1% from 2021 to 2028. Key drivers of the market include a rise in the gap between the availability of trained laboratory personnel and the demand for laboratory procedures and high reproducibility and accuracy obtained through lab automation. Lab Automation Market Segmentation Grand View Research has segmented the global lab automation market on the basis of process, automation type, end use, and region: Based on the Process Insights, the market is segmented into Continuous Flow and Discrete Processing. The continuous flow segment dominated the overall market and accounted for the largest revenue share of 57.5% in 2020, owing to the high adoption of continuous flow in laboratories for providing high-quality services. In addition, continuous flow analys...