Market Report On Lab Automation Forecast :2017-2020

Report On Lab Automation

From ages, across industries, laboratories are an integral part of manufacturing and scientific research organizations. The main goal of research and diagnostic labs is to provide high quality and reliable experimental information that fulfills the industry needs.

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The constant use of manual and isolated systems hampers the data quality during transferring process. Now-a-days, advancement in technologies and increasing pressure to deliver results has led to the use of automated systems in laboratories. Automated systems are being adapted in huge scale because of its accuracy, advanced data management capacity and reduced repetitiveness.
At present, scientific research areas are making use of automated systems which are in need of secure informatics platform where experimental data can be stored and exchanged flexibly. Indeed, ELN support this huge requirement in automated industry. For instance, Seattle Genetics E-Workbook supports broad range of scientific discipline by securing and managing research data.
The global Laboratory Automation market is valued to be $3,456 million in 2014 and poised to grow at a CAGR of 6.4% to reach $5,052 million by 2020. The laboratory automation market is classified based on technology, process (hardware and software), application, end users and geography.

The lab automation by technology is further segmented into total laboratory automation and modular automation (Pre-analytical automation systems, Post-analytical automation systems, Unit automation solutions). The laboratory automation market by end users is divided into academic and research institutes, hospitals and laboratory diagnostics, biotech and pharmaceutical companies and other end users, which include nonprofit organizations and commercial labs.
The laboratory automation market by process divided into hardware and software systems. The hardware segment further includes automated liquid handling systems, compound management, plate readers, and robotic systems which includes sample transportation systems, specimen handling systems. The software segment consists of Laboratory Information Management Systems (LIMS), Electronic Laboratory Notebooks (ELN), Laboratory Executive Systems (LES), Chromatography Data Management System (CDMS) and Scientific Data Management Systems (SDMS).
The application of lab automation market is classified into clinical diagnostic laboratories, drug discovery and development, bioresearch, forensic and other applications. Further, the automation market is classified by geographical regions into North America, Europe, Asia-pacific and Rest of the World.

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Few points from Table of Contents

1 EXECUTIVE SUMMARY 17
2 INTRODUCTION 20
2.1 KEY TAKE AWAYS 20
2.2 REPORT DESCRIPTION 20
2.3 MARKETS COVERED 21
2.4 STAKEHOLDERS 23
2.5 RESEARCH METHODOLOGY 24
2.5.1 MARKET SIZE ESTIMATION 25
2.5.2 MARKET CRACKDOWN AND DATA TRIANGULATION 28
2.5.3 SECONDARY SOURCES 29
2.5.4 KEY DATA POINTS FROM SECONDARY SOURCES 30
2.5.5 PRIMARY SOURCES 31
2.5.6 KEY DATA POINTS FROM PRIMARY SOURCES 31
2.5.7 ASSUMPTIONS 31
3 MARKET ANALYSIS 33
3.1 INTRODUCTION 33
3.2 MARKET SEGMENTATION 34
3.3 FACTORS INFLUENCING MARKET 36
3.3.1 DRIVERS AND OPPORTUNITIES 37
3.3.1.1 Short time and Low cost 37
3.3.1.2 Miniaturization and high productivity 37
3.3.1.3 Accuracy and reduced repetitiveness 38
3.3.1.4 Increased usage in drug discovery and diagnostics 38
3.3.1.5 Reduced chance of cross contamination 39
3.3.1.6 Shortage of quality lab technicians 39
3.3.1.7 Less sample, reagent requirement 39
3.3.1.8 Increased use due to aged population 39
3.3.1.9 Flexible and specific systems development 40
3.3.1.10 Automation in microbiology and hematology labs 40
3.3.1.11 Automation assisted cancer screening 41
3.3.1.12 Increasing use in biorepositories 42
3.3.2 RESTRAINTS AND THREATS 43
3.3.2.1 Higher initial investments 43
3.3.2.2 Limited adoption in small-medium laboratories 44
3.3.2.3 Non-standard data format and communication systems 44
3.3.2.4 Compatibility and portability of existing systems 45
3.3.2.5 Funding 46
3.4 REGULATORY AFFAIRS 46
3.4.1 U.S. 46
3.4.2 EUROPE 47
3.4.3 JAPAN 47
3.4.4 CHINA 48
3.4.5 INDIA 48
3.5 PORTER’S FIVE FORCE ANALYSIS 49
3.5.1 THREAT OF NEW ENTRANTS 50
3.5.2 THREAT OF SUBSTITUTES 50
3.5.3 RIVALRY AMONG EXISTING COMPETITORS 50
3.5.4 BARGAINING POWER OF SUPPLIERS 51
3.5.5 BARGAINING POWER OF BUYERS 51
3.6 UPCOMING PRODUCTS 52
3.7 MARKET SHARE ANALYSIS 57…Continued…

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