How big is the Total Lab Automation Market?

The Total Lab Automation Market size is expected to reach USD 6.23 billion in 2024 and grow at a CAGR of 6.82% to reach USD 8.66 billion by 2029. Read More

What is the current Total Lab Automation Market size?

In 2024, the Total Lab Automation Market size is expected to reach USD 6.23 billion. Read More

Who are the key players in Total Lab Automation Market?

Thermo Fisher Scientific Inc, Danaher Corporation, Hudson Robotics Inc., Becton Dickinson & Co. and Synchron Lab Automation are the major companies operating in the Total Lab Automation Market. Read More

Which is the fastest growing region in Total Lab Automation Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Total Lab Automation Market?

In 2024, the North America accounts for the largest market share in Total Lab Automation Market. Read More

What years does this Total Lab Automation Market cover, and what was the market size in 2023?

In 2023, the Total Lab Automation Market size was estimated at USD 5.81 billion. The report covers the Total Lab Automation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Total Lab Automation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Lab Automation Market - Size, Share & Analysis

Lab Automation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Laboratory Automation Systems Market Analysis is Segmented by Type of Equipment (Automated Liquid Handlers, Automated Plate Handlers, Robotic Arms, Automated Storage and Retrieval Systems (ASRS), and Analyzers), by Software (Laboratory Information Management System (LIMS), Laboratory Information System (LIS), Chromatography Data System (CDS), Electronic Lab Notebook (ELN), and Scientific Data Management System (SDMS)), Application (Drug Discovery, Genomics, Proteomics, Clinical Diagnostics), and by Geography (North America, Europe, Asia Pacific, Rest of the World). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

Laboratory Automation Systems Industry Overview

The Total Lab Automation Market is moderately consolidated. The major players, such as Thermo Fisher Scientific Inc., Danaher Corporation, Hudson Robotics Inc., and Becton Dickinson & Co., Synchron Lab Automation, with a significant share in the market, are expanding their customer base across various regions. In addition, many companies are forming strategic and collaborative initiatives with multiple companies to increase their market share and profitability.

In March 2023, Brooks Automation US, LLC announced that it signed and completed an acquisition of Aim Lab Automation Technologies Pty Ltd. to expand solutions within the lab automation segment. This acquisition further expanded Brooks' presence beyond drug discovery into the clinical diagnostics market. Moreover, Aim Lab, in conjunction with PreciseFlex, will provide its customers with a broader set of capabilities, an expanded global presence, and the opportunity for enhanced collaboration with its customers.

In February 2023, Automata announced its expansion into the US to accelerate scientific and health outcomes by making automation a reality for every lab. Automata enters this market at an exciting and critical time, as the US is considered the global leader in Life Sciences, with more than a third of all life sciences companies headquartered in the country. The Company's technology is expected to provide the US with a significant cut in workflow times by up to 50 percent, increase output, maximize existing lab space, and free up scientists to work on innovative research.