Global Laboratory Automation Systems Market | Top Insights, Trends and Forecast
The global laboratory automation systems market is expected to witness a CAGR of over 7% during the forecast
period. Certain factors that are driving the market growth include increased
use of software services for better analysis, rising use of automated solutions
in healthcare, and high demand for protein crystallization and crystallography. As
per the latest report publishes by the Technavio Research The laboratory automation systems market size will
grow USD 1.07 billion during 2019-2023. The report offers an analysis of the
market based on end-user (pharmaceutical and biotechnology companies, clinical
and reference laboratories, and academic institutes and research organizations)
and presents in-depth insights on the growth prospects of the market across
geographic regions such as Asia, Europe, North America, and ROW.
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Fully automated laboratory solutions can help save cost and generate
accurate results. Automation replaces manually intensive tasks, which allow
researchers to devote more time to analysis and data interpretation, thereby
helping in saving the time of healthcare professionals. Automation solutions in
healthcare, which include automated systems, software, and other services, also
improve laboratory productivity, as they reduce the chances of human errors.
The data-driven insights are used for the improvement and optimization
of laboratory test performance. They help laboratories handle the movement of
specimens across disciplines and generate results quickly. The efficiency and
effectiveness provided by these systems will increase the adoption of
laboratory automated systems. Hence, the rising use of automated solutions in
healthcare owing to its various benefits is expected to drive the growth of
laboratory automation systems market during the forecast period.
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The increase in
production of vaccines is due to the increasing awareness of the importance of
immunization. Vaccines prevent infectious diseases like hepatitis B virus
(HBV), measles, and diphtheria. The vaccines used in the universal program are
effective in targeting, controlling, and eliminating illness. Also, the
production of vaccines has increased due to rising awareness about vaccination,
increasing investments by companies, and the outbreak of several diseases.
The demand for the laboratory automation system is increasing, as they
help in improving the quality of vaccine production. Hence, the growing demand
for vaccines will increase the demand for laboratory automation systems during
the forecast period.
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