Global Laboratory Automation Systems Market Analysis & Forecast Report 2024-2033 | |
The Laboratory Automation Systems by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033). Learn More On The Laboratory Automation Systems Market: https://www.thebusinessresearchcompany.com/report/laboratory-automation-systems-global-market-report In accordance with The Business Research Company's insightful analysis of Laboratory Automation Systems, the market has exhibited robust growth in recent years, projecting an ascent from $5.28 billion in 2024 to a formidable $5.57 billion by the same year, reflecting a noteworthy compound annual growth rate (CAGR) of 5.6%. This growth during the historical period is attributable to factors such as the surge in medical errors, expansion of healthcare facilities, economic upswing in emerging markets, escalated healthcare expenditure, and the rapid proliferation of the elderly population. Increased demand for microbiology testing and standardization of sample-collection devices for microbiology culture has driven the adoption of automated laboratory systems for culture-based laboratory testing in clinical microbiology. Culture-based microbiology laboratory testing by manual methods is being replaced by automated methods with the help of total laboratory automation. For instance, popular systems such as Becton Dickinson’s Kiestra TLA, Copan’s WASPLab, and others enable total laboratory automation (TLA) for culture-based microbiology testing. The potential to affect laboratory efficiency, turnaround time, and the overall quality of culture-based microbiology testing, is driving the automated laboratory systems market growth. Get A Free Sample Of The Report (Includes Graphs And Tables): https://www.thebusinessresearchcompany.com/sample.aspx?id=2560&type=smp The laboratory automation systems market covered in this report is segmented – 1) By Type: Modular Automation, Total Lab Automation 2) By Equipment And Software: Automated Liquid Handling, Microplate Readers, Standalone Robots, Automated Storage, Retrieval 3) By Application: Drug Discovery, Clinical Diagnostics, Genomics Solutions, Proteomics Solutions, Others 4) By End User: Biotechnology And Pharmaceutical Industries, Research Institutes, Hospitals And Private Labs, Academic Institutes A notable evolution in this sector is the escalating adoption of Radio Frequency Identification (RFID) technology by hospital laboratories for laboratory automation systems. This strategic shift is driven by the promise of heightened productivity, enhanced product quality, cost-effectiveness, error reduction, expedited sample delivery, and minimized human intervention. RFID technology, operating on wireless communication between tags and readers, presents a sophisticated alternative to bar code technology. Offering added functionalities and automatic actions without human intervention, RFID systems comprise a tag, transceiver, and data processing unit. In hospital laboratories, RFID tags affixed to patient samples enable identification, while smart cards securely store patient data under a workstation overseeing the laboratory processes. Illustrating this adoption, Mayo Clinic, a healthcare leader, embraced RFID-enabled laboratory automation systems, achieving a commendable 70% reduction in errors, maximized efficiency and patient safety, and an impressive 50% reduction in specimen turnaround time. This transformative integration signifies a paradigm shift towards precision and efficiency in the landscape of laboratory automation systems. The laboratory automation systems market report table of contents includes: 1. Executive Summary 2. Laboratory Automation Systems Market Characteristics 3. Laboratory Automation Systems Market Trends And Strategies 4. Laboratory Automation Systems Market - Macro Economic Scenario 5. Global Laboratory Automation Systems Market Size and Growth ..... 32. Global Laboratory Automation Systems Market Competitive Benchmarking 33. Global Laboratory Automation Systems Market Competitive Dashboard 34. Key Mergers And Acquisitions In The Laboratory Automation Systems Market 35. Laboratory Automation Systems Market Future Outlook and Potential Analysis 36. Appendix | |
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