Edit Content
Bizwit-Logo-Final

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Lab Automation in Bioanalysis Market to reach USD XXX billion by the end of 2030

Global Lab Automation in Bioanalysis Market Size study & Forecast, by Offering (Equipment, Software), by Type of Analyzers (Biochemistry Analyzers, Immuno-Based Analyzers, Hematology Analyzers, Cell Counters, Coagulometers), and Regional Analysis, 2023-2030

Product Code: HLSB-99483354
Publish Date: 5-12-2023
Page: 200

Global Lab Automation in Bioanalysis Market is valued at approximately USD XXX billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.1% over the forecast period 2023-2030. Lab Automation in Bioanalysis Market refers to the industry involved in the implementation of automated systems and technologies for streamlining and optimizing bioanalysis processes in laboratory settings. This includes the use of robotics, software, and advanced instrumentation to automate sample handling, data analysis, and other laboratory workflows, enhancing efficiency, accuracy, and productivity in bioanalytical testing and research. The Lab Automation in Bioanalysis Market is being driven by factors such as increasing research and development of lab automation technology and rising demand for personalized medicines.

The need to enhance laboratory capabilities worldwide is anticipated to grow in response to the increased focus on research and development Lab automation systems play a pivotal role in meeting the demands of a growing number of clinical trials. These systems can streamline the sample preparation, analysis, and data management processes, reducing human error and ensuring consistency in results. Automation not only accelerates the pace of trials but also enhances the precision and reliability of the data generated, which is crucial in regulatory submissions and decision-making. As according to, ClinalTrials.gov reported a total of 409,300 registered clinical studies as of March 2022. Along with this market vendors are strategically investing in research and development and introducing new products. In March 2022, Mindray launched the BC-700 Series, a hematology analyzer series that combines ESR tests and CBC. It includes autoloader and open vial models, empowering medium-volume laboratories with advanced technologies. Thus, increasing research and development in lab automation technology and increasing investment in introducing new products fueling the market growth. In addition to cost savings & resource optimization and growing demand for high-throughput analysis creates lucrative opportunities for the market. However, the high capital requirements for setup hinder market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Lab Automation in Bioanalysis Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the well-developed healthcare infrastructure with advanced laboratory facilities and a strong emphasis on research and development and the region is at the forefront of adopting innovative technologies and implementing automated systems for bioanalytical processes. Asia Pacific is considered the fastest growing as fastest growing over the forecast period due to the region has witnessed a significant increase in healthcare expenditure, driven by factors such as population growth, rising disposable income, and increasing awareness of healthcare services.

Major market player included in this report are:
Thermo Fisher Scientific Inc.
Agilent Technologies Inc
Hamilton Company
Siemens Healthineers AG
Becton Dickinson & Co.
Hudson Robotics Inc.
Beckman Coulter Inc. (Danaher Corporation)
Tecan Genomics Inc.
Shimadzu Corporation
PerkinElmer, Inc.

Recent Developments in the Market:
Ø In May 2023, Thermo Fisher Scientific launched the Automated Indiko Clinical Chemistry analyzer, a state-of-the-art solution designed to deliver rapid and sample-oriented testing results in the field of clinical chemistry. This advanced analyzer is capable of operating with low sample volumes, ensuring efficient utilization of resources. Additionally, it incorporates a water-saving feature, allowing laboratories to run more cost-effectively by reducing water consumption. The introduction of the Automated Indiko Clinical Chemistry analyzer by Thermo Fisher Scientific enhances laboratory productivity and offers a more economical approach to clinical chemistry testing.
Ø In February 2021, Beckman Coulter unveiled the DxH 560 AL, a compact hematology analyzer specifically developed to address time and resource limitations encountered by small- to mid-sized laboratories. This advanced tabletop analyzer offers auto-loading functionality, closed tube aspiration, and walk-away capabilities, allowing users to conveniently add up to 50 samples continuously. By providing safety against blood-borne pathogens and reducing the need for manual instrument tasks, the DxH 560 AL streamlines workflow efficiency and saves valuable time for laboratory personnel. Overall, the introduction of this analyzer by Beckman Coulter caters to the unique needs of smaller laboratories, enhancing their hematology analysis capabilities.

Global Lab Automation in Bioanalysis Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Offering, Type of Analyzers, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Offering:
Equipment
Software

By Type of Analyzers:
Biochemistry Analyzers
Immuno-Based Analyzers
Hematology Analyzers
Cell Counters
Coagulometers

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Lab Automation in Bioanalysis Market, by Region, 2020-2030 (USD Billion)
1.2.2. Lab Automation in Bioanalysis Market, by Offering, 2020-2030 (USD Billion)
1.2.3. Lab Automation in Bioanalysis Market, by Type of Analyzers, 2020-2030 (USD Billion)
1.3. Key Trend
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Lab Automation in Bioanalysis Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Lab Automation in Bioanalysis Market Dynamics
3.1. Lab Automation in Bioanalysis Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing research and development of lab automation technology
3.1.1.2. Rising Demand for Personalized Medicines
3.1.1.3. Rising number of clinical trails study
3.1.2. Market Challenges
3.1.2.1. High Capital Requirements for Setup
3.1.3. Market Opportunities
3.1.3.1. Cost savings & resource optimization
3.1.3.2. Growing Demand for High-Throughput Analysis
Chapter 4. Global Lab Automation in Bioanalysis Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Lab Automation in Bioanalysis Market, by Offering
5.1. Market Snapshot
5.2. Global Lab Automation in Bioanalysis Market by Offering, Performance – Potential Analysis
5.3. Global Lab Automation in Bioanalysis Market Estimates & Forecasts by Offering 2020-2030 (USD Billion)
5.4. Lab Automation in Bioanalysis Market , Sub Segment Analysis
5.4.1. Equipment
5.4.2. Software
Chapter 6. Global Lab Automation in Bioanalysis Market, by Type of Analyzers
6.1. Market Snapshot
6.2. Global Lab Automation in Bioanalysis Market by Type of Analyzers, Performance – Potential Analysis
6.3. Global Lab Automation in Bioanalysis Market Estimates & Forecasts by Type of Analyzers 2020-2030 (USD Billion)
6.4. Lab Automation in Bioanalysis Market , Sub Segment Analysis
6.4.1. Biochemistry Analyzers
6.4.2. Immuno-Based Analyzers
6.4.3. Hematology Analyzers
6.4.4. Cell Counters
6.4.5. Coagulometers
Chapter 7. Global Lab Automation in Bioanalysis Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Lab Automation in Bioanalysis Market , Regional Market Snapshot
7.4. North America Lab Automation in Bioanalysis Market
7.4.1. U.S. Lab Automation in Bioanalysis Market
7.4.1.1. Offering breakdown estimates & forecasts, 2020-2030
7.4.1.2. Type of Analyzers breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Lab Automation in Bioanalysis Market
7.5. Europe Lab Automation in Bioanalysis Market Snapshot
7.5.1. U.K. Lab Automation in Bioanalysis Market
7.5.2. Germany Lab Automation in Bioanalysis Market
7.5.3. France Lab Automation in Bioanalysis Market
7.5.4. Spain Lab Automation in Bioanalysis Market
7.5.5. Italy Lab Automation in Bioanalysis Market
7.5.6. Rest of Europe Lab Automation in Bioanalysis Market
7.6. Asia-Pacific Lab Automation in Bioanalysis Market Snapshot
7.6.1. China Lab Automation in Bioanalysis Market
7.6.2. India Lab Automation in Bioanalysis Market
7.6.3. Japan Lab Automation in Bioanalysis Market
7.6.4. Australia Lab Automation in Bioanalysis Market
7.6.5. South Korea Lab Automation in Bioanalysis Market
7.6.6. Rest of Asia Pacific Lab Automation in Bioanalysis Market
7.7. Latin America Lab Automation in Bioanalysis Market Snapshot
7.7.1. Brazil Lab Automation in Bioanalysis Market
7.7.2. Mexico Lab Automation in Bioanalysis Market
7.8. Middle East & Africa Lab Automation in Bioanalysis Market
7.8.1. Saudi Arabia Lab Automation in Bioanalysis Market
7.8.2. South Africa Lab Automation in Bioanalysis Market
7.8.3. Rest of Middle East & Africa Lab Automation in Bioanalysis Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Thermo Fisher Scientific Inc.
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. Agilent Technologies Inc.
8.3.3. Hamilton Company
8.3.4. Siemens Healthineers AG
8.3.5. Becton Dickinson & Co.
8.3.6. Hudson Robotics Inc.
8.3.7. Beckman Coulter Inc. (Danaher Corporation)
8.3.8. Tecan Genomics Inc.
8.3.9. Shimadzu Corporation
8.3.10. PerkinElmer, Inc.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com

Checkout

Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now