Laboratory Robotics Market (2020-2026): Market By Applications, By Regions, By Key Countries, and Competitive Landscape

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The Laboratory Robotics Market was valued at USD 185.80 million in 2019 and is expected to reach USD 274.49 million by 2025, at a CAGR of 6.72% over the forecast period 2020 – 2025.

The report presents an in-depth assessment of the Global Laboratory Robotics including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Laboratory Robotics investments from 2020 till 2025.

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Top Leading Manufactures-

Hamilton Company, Peak Analysis & Automation (PAA), PerkinElmer, Inc., Thermo Fisher Scientific, Hudson Robotics, Inc., Tecan Group, Anton Paar GmbH, BiomŽrieux SA, Beckman Coulter Inc., Siemens AG, Cleveland Automation Engineering, QIAGEN NV, Abbott Laboratories

Market Insights

By delegating repetitive applications to robots, they provide consistency in sample preparation and testing which increases the efficiency of the test, this advantage of robots is driving the market studied.

– Laboratory robotics can be broadly defined as using robotics technology to conduct a scientific study and research experiments in a safe environment without the interference of human hands.
– With the increasing need to ensure the safety of manual workers and the adoption of stringent regulatory protocols in laboratories has initiated businesses to adopt robotic technologies for critical process applications.
– In the recent past, robotics has revolutionized mankind to a great extent. The reason being, once robots are programmed to do a certain task, they continue to do the assigned job at a stretch. They do not get tired or worn out, unlike humans.
– Moreover, robots maintain accuracy and precision and are highly efficient, these factors are driving the adoption of robotics in laboratories around the globe
– But due to the high costs associated with the robotic equipment and also the low priority of automation in small to medium-sized labs is restraining the growth of the market studied.

Scope of the Report

A Laboratory Roboticsler contains motion profiles and target positions, which creates trajectories for motors and actuators. Motion control drives are a structural part of motion controllers. These are mainly used for process automation in various end-user industries such as electronics and assembly, robotics, semiconductors, and food & beverages, among others. Due to the advancement in processing speed, precision, and reliability of these systems.,it is widely used in the industries.

Key Market Trends

Safety of Both Humans and Property to Drive the Market

– Laboratory experiments involve the usage of hazardous chemicals and substances which are harmful when coming into direct contact with the human body.
– However, a number of precautionary measures are being undertaken in the laboratories to overcome the ill-effects of these chemicals. There are a number of cases where these experiments have caused injuries to researchers, moreover, in some adverse conditions they can also lead to death.
– Considering these factors, the need for laboratory robots has grown significantly. These robots make sure that humans are not exposed to these chemicals directly and, in turn, provide a safer working environment.
– With the increasing sales of medical robots across the globe it is evident that the medical sector is adopting more robots to create a safer workplace and to increase the efficiency of the medical process which is directly boosting the growth of the market studied.

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North America Occupies the Largest Market Share

– In the North America region, the increasing technological advancements and investments by the market leaders are driving the market to be the largest laboratory robotics market in the world.
– With the increase in the number of players in this region, the market in this region is witnessing enterprise collaborations and partnerships to achieve a technological breakthrough in the field of robotics which is also boosting the focus toward technology.
– Also, with the increased R&D activities by the biotechnology and pharmaceutical firms in this region, also due to the increased adoption of lab automation by most of the hospitals and clinical diagnostic labs due to the increasing volume of test samples are driving the growth in the lab automation market in North American region.

Competitive Landscape
– May 2018 – Thermofisher Scientific, a leading company in the laboratory robotics market, announced that it is collaborating with Astex Pharmaceuticals, a pioneer in innovative drug discovery and development. Astex Pharmaceuticals picked Thermo Fisher Scientific Glacios Cryo-Transmission Electron Microscope (Cryo-TEM) to help them in drug discovery and development program.

What are the market factors that are explained in the report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Analytical Tools: Global Laboratory Robotics Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2014 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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