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Laboratory Automation Market Comprehensive Study Released with Forecast to 2026


According to the report, The Increased Spending On Healthcare Services is one of the primary growth factors for the market. The Demand for Increased Sample Results, Handling, Data Integrity and Short Method Development Time is also expected to contribute significantly to the Laboratory Automation market. Overall, Drug Discovery applications of Laboratory Automation, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Software, such as Laboratory Information Management System (LIMS), is boosting the Laboratory Automation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End User, such as Hospitals and Diagnostic Laboratories, is boosting the Laboratory Automation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Laboratory Automation market identified that the demand is rising in many different parts of the world as "Increasing Spending's on Research and Development". Furthermore, some recent industry insights like "On May 6, 2019, Abbott has launched a new, smarter heart monitor for better arrhythmia detection positive news for people at risk for irregular heartbeats. Now with CE Mark in Europe and U.S. Food and Drug Administration (FDA) clearance, the next-generation Confirm Rx insertable cardiac monitor (ICM), a paperclip-sized implantable device, combines smartphone connectivity and continuous, remote monitoring to track unpredictable heart rhythm problems for a fast and accurate diagnosis." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Laboratory Automation market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Laboratory Automation market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Laboratory Automation market size is calculated using market estimation process, the Laboratory Automation market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Laboratory Automation market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

Head & Director of Sales