LONDON–(BUSINESS WIRE)–#GlobalModularLaboratoryAutomationMarket–Technavio has been monitoring the modular laboratory automation market and it is poised to grow by USD 1.08 bn during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
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What are the major trends in the market?
Smart integration is a major trend driving the growth of the market. -
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 5.25% and the incremental growth of the market is anticipated to be USD 1.08 bn. -
Who are the top players in the market?
Agilent Technologies Inc., Becton, Dickinson and Co. (Read more…), Bio-Rad Laboratories Inc., Danaher Corp., F. Hoffmann-La Roche Ltd., PerkinElmer Inc., QIAGEN NV, Shimadzu Corp., Siemens AG, and Thermo Fisher Scientific Inc, are some of the major market participants. -
What is the key market driver?
The rise in research activities is the major factor driving the growth of the market. -
How big is the North American market?
The North America region will contribute 51% of the market share
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Agilent Technologies Inc., Becton, Dickinson and Co., Bio-Rad Laboratories Inc., Danaher Corp., F. Hoffmann-La Roche Ltd., PerkinElmer Inc., QIAGEN NV, Shimadzu Corp., Siemens AG, and Thermo Fisher Scientific Inc are some of the major market participants. The rise in research activities will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Modular Laboratory Automation Market 2020-2024: Segmentation
Modular Laboratory Automation Market is segmented as below:
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End-user
- Hospitals And Diagnostic Laboratories
- Pharmaceutical And Biotechnology Companies
- Other End-users
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Geographic Landscape
- Asia
- Europe
- North America
- ROW
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Modular Laboratory Automation Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The modular laboratory automation market report covers the following areas:
- Modular Laboratory Automation Market Size
- Modular Laboratory Automation Market Trends
- Modular Laboratory Automation Market Industry Analysis
This study identifies smart integration as one of the prime reasons driving the modular laboratory automation market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Modular Laboratory Automation Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist modular laboratory automation market growth during the next five years
- Estimation of the modular laboratory automation market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the modular laboratory automation market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of modular laboratory automation market, vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market size and forecast 2019-2024
- Market Outlook
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY END-USER
- Market segmentation by end-user
- Comparison by end-user
- Hospitals and diagnostic laboratories – Market size and forecast 2019-2024
- Pharmaceutical and biotechnology companies – Market size and forecast 2019-2024
- Other end-users – Market size and forecast 2019-2024
- Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- Asia – Market size and forecast 2019-2024
- ROW – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Growing adoption of automated high-throughput and STAT testing procedures
- Integration of AI and analytical tools in laboratory workflow
- Standardization among modular laboratory automation solutions
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Agilent Technologies Inc.
- Becton, Dickinson and Co.
- Bio-Rad Laboratories Inc.
- Danaher Corp.
- F. Hoffmann-La Roche Ltd.
- PerkinElmer Inc.
- QIAGEN NV
- Shimadzu Corp.
- Siemens AG
- Thermo Fisher Scientific Inc.
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
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