Asia-Pacific Lab Automation Market Projected to Show Strong Growth by 2026

Asia-Pacific lab automation Market By Product Type (Equipment, Software & Informatics, Analyser), Automation Type (Modular Automation, Total Lab Automation), Application (Drug Discovery, Clinical Diagnostics, Bio Analysis, Analytical Chemistry, Protein Engineering, Proteomic Solutions, Lyophilisation, System Biology, Others), End Users (Biotechnology & Pharmaceuticals, Hospitals, Research Institutions, Academics, Private Labs)

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Segmentation: Asia-Pacific Lab Automation Market

Asia-Pacific lab automation market is segmented into four notable segments which are product type, automation type, application and end user.

• On the basis of product type, the market is segmented into equipment, software & informatics and analyser.
• In October 2019, Agilent Technologies, Inc. expanded their portfolio of smart connected of GC instruments which helped in the smart and the easy use and to monitor valuation and distribution of modular platforms to develop the use of natural gas and smart distribution among customers to improve the quality of life for humans in the developing scenario. The product launch will help company to increase product portfolio in market focused segments.
• On the basis of automation type the market is segmented into modular automation and total lab automation.
• In July 2019, Agilent Technologies, Inc. to acquire BioTek in the cell segment. The acquisition has helped in providing cost effective analysis with diverse applications enabling the various researches of life sciences for the customers and the clients globally.
• On the basis application, the market is segmented into drug discovery, clinical diagnostics, bio analysis, analytical chemistry, protein engineering, proteomic solutions, lyophilisation, system biology and others.
• In June 2019, Abbott acquired 85% equity stake in GLP Systems GmbH (Germany), a subsidiary of Sonic Healthcare Limited. GLP has established its laboratory automation system in eight Sonic laboratories located in Australia, the United Kingdom and Germany. With this equity acquisition, company will expand its business as well as product portfolio which further help to grow sales and revenue of the company.
• On the basis of end users, the market is segmented into biotechnology & pharmaceuticals, hospitals, research institutions, academics and private labs.
• In September 2019, PerkinElmer Inc. acquired Cisbio Bioassays. Cisbio is one of the leading Life Sciences company offering high quality kits and reagents. The acquisition will help the company to offer wide product range in the market.

Asia-Pacific lab automation market defines and elaborates about all the technologies in labs. This includes equipment, and instruments, which analyse many samples in the laboratory that require minimal human skills, including the use of robots, conveyors, computer hardware & software, and machine vision. It increased the work flow easy and fast in the clinical and biotechnological laboratories. Increasing drug development and clinical laboratory functions and rising geriatric population is driving the Asia-Pacific lab automation market, whereas High cost of laboratory equipment & software is hampering the market.

Competitive Analysis: Asia-Pacific Lab Automation Market

Some of the major players operating in the Asia-Pacific lab automation market are F. Hoffmann-La Roche Ltd, Siemens, Abbott, Agilent Technologies, Inc., Danaher, BD, PerkinElmer Inc., bioMérieux SA, Bio-Rad Laboratories, Inc., Brooks Automation, Inc., Hamilton Company, Hudson Robotics, LabWare, Thermo Fisher Scientific Inc. among others.

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