Modular Laboratory Automation Global Market Is Projected To Reach $5.7 Billion By 2030: High Growth Opportunities In Clinical Diagnostics

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, July 03, 2023 (GLOBE NEWSWIRE) -- The "modular laboratory automation: global strategic business report" report has been added to ResearchAndMarkets.com's offering.
The global market for Modular Laboratory Automation estimated at US$3.6 Billion in the year 2022, is projected to reach a revised size of US$5.7 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2022-2030.

Automated Liquid Handlers, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$1.8 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Automated Plate Handlers segment is readjusted to a revised 6.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 8.3% CAGR
The Modular Laboratory Automation market in the U.S. is estimated at US$1.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$298 Million by the year 2030 trailing a CAGR of 8.3% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 6.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.
Select Competitors (Total 46 Featured) -

• Agilent Technologies, Inc.
• Beckman Coulter, Inc.
• Becton, Dickinson and Company
• Bio-Rad Laboratories, Inc.
• Eppendorf AG
• F. Hoffmann-La Roche Ltd.
• Honeywell International Inc.
• Hudson Robotics, Inc.
• PerkinElmer, Inc.
• QIAGEN N.V.
• Shimadzu Scientific Instruments
• Siemens Healthineers
• Synchron Lab Automation
• Tecan Group Ltd.
• Thermo Fisher Scientific, Inc.

Key Attributes:

Report Attribute	Details
No. of Pages	397
Forecast Period	2022 - 2030
Estimated Market Value (USD) in 2022	$3.6 Billion
Forecasted Market Value (USD) by 2030	$5.7 Billion
Compound Annual Growth Rate	5.9%
Regions Covered	Global

Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• An Introduction to Modular Laboratory Automation
• Modular Laboratory Automation: Current Market Scenario and Outlook
• Developed Regions: Dominant Consumers
• World Modular Laboratory Automation Market by Region: Percentage Breakdown of Revenues for Developed and Developing Regions (2019 & 2025)
• Fast Paced Growth Identified in Developing Regions
• World Modular Laboratory Automation Market - Geographic Regions Ranked by CAGR (Value) for 2018-2025: China, Asia-Pacific, USA, Rest of World, Canada, Europe, and Japan
• Automated Liquid Handlers: The Largest Equipment Type
• Automated Plate Handlers Exhibit Faster Growth
• Robotic Arms Step In to Resolve Critical Handling Needs
• Automated Storage & Retrieval Systems Continue to Make Gains
• Advanced Software Tools Augment Laboratory Automation
• Automated Analyzers Enhance Lab Test Outcomes
• Modular Laboratory Automation - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Rise of Laboratory 4.0 to Change Dynamics in the Modular Laboratory Automation Market
• Modular Laboratory Automation Gains Traction Amid Growing Need to Enhance Workflow Efficiencies and Reduce Costs
• High Growth Opportunities in Clinical Diagnostics
• Automation Plays an Important Role in Patient Treatment Management
• As Laboratories Take On More Clinical Testing & Diagnostic Cases on the Back of Growing Global Healthcare Burden, Automation Becomes an Important Efficiency Enhancement Strategy
• Global In-Vitro Diagnostics (IVD) Market (In US$ Million)
• Uptrend in Drug Discovery Industry Builds Robust Market Momentum
• Healthy Trajectory in Genomics Research Favors Market Growth
• Market Stands to Gain from Growing Proteomics Research Volumes
• Global Proteomics Market Sales in US$ Million for the Years 2019 and 2024
• Improving Healthcare & Lifescience Expenditure to Turbo Charge Future Growth of the Market
• World Healthcare Spending & Growth (in US$ Trillion) and % Real GDP Growth for the Years 2012 through 2018
• Technology Advancements & Innovations Widen Scope & Span of Modulation Laboratory Automation
• Sophisticated Laboratory Information Systems Inflate Automation Deployments

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
IV. COMPETITION
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