Biotechnology & Drug Discovery Markets Push Up Demand for Lab Automation Products, According to a New Report by Global Industry Analysts

Share Article

Growth in the laboratory automation industry is expected from increased demand for complex and higher throughput systems in biotechnology and pharmaceutical markets. The advent of advanced and sophisticated technologies with enhanced focus on rapid, accurate and timely results is contributing to the higher demand for laboratory automation systems.

Laboratory Automation: A Global Outlook

Automation is an important tool in the development and improvement of laboratory operations. Laboratory automation systems are finding extensive application in numerous lab processes, ranging from simple capping and decapping of sample bottles to complex high throughput screening of test samples. Rising utilization of laboratory automation products as a routine tool in high throughput screening and drug discovery applications, as well as molecular testing market are expected to push up sales for the industry.

Laboratory automation industry, although in early growth stage, is expected to offer enormous growth opportunities for manufacturers, driven by increased demand from pharmaceutical and biotechnology markets. The need to develop new and effective drugs in shorter time periods is pushing companies to acquire highly automated laboratories. Scientists and researchers have whole genomes of potential drug targets at the disposal for testing, against an array of drug candidates, which requires high throughput automation. Automation has also become common in agriculture, food, and environment analytical labs.

Advent of new and advanced technologies with increased focus on providing accurate, rapid and timely output has contributed to the accelerated development and launch of innovative lab automation systems into the market. New technologies are also facilitating the standardization of lab automation services. Technologies such as micro fluidics, micro arrays, and lab-on-a-chip are still in the nascent stages, and promise to be key factors in shaping the lab automation landscape in the future. The focus on proteomics and pharmacogenetics, and increased R&D funding are expected to boost the demand for lab automation products.

A key trend witnessed in the lab automation industry refers to the adoption of a modular approach, as seen in the rapid emergence of smaller and compact work cells that are aimed at improving output efficiency as well as space management. Miniaturization is the focus of development for several instrument manufacturers, owing to the rising use of denser micro plate formats. The industry has also embraced high level of standardization with implementation of information systems-driven automation technology, a concept similar to computer-integrated manufacturing in the production industry.

The report titled "Laboratory Automation: A Global Outlook", published by Global Industry Analysts Inc, provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report provides a rudimentary prelude to the global laboratory automation industry, and offers briefly summarized market trends, recent mergers, acquisitions, strategic corporate developments, and product launches. The global market discussion contains brief commentaries on emerging and developing laboratory technologies, and the future of laboratory automation. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of 258 companies worldwide.

For more details about this research report, please visit
http://www.strategyr.com/Laboratory_Automation_Industry_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press@StrategyR.com
Web Site http://www.StrategyR.com

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website