Navigation Links
BCC Research Forecasts Laboratory Automation Market to Grow to $3.8 Billion by 2017
Date:6/14/2013

Wellesley, MA (PRWEB) June 14, 2013

From pharmaceuticals to farms, laboratory automation is being used to reduce costs, improve accuracy, and increase output.

With 2012 revenues of $1.0 billion in North America and upward growth projections for the next five to ten years, the once novel idea of laboratory automation is a growing trend.

Pharmaceuticals, clinical diagnostics, and academia have historically been the primary drivers of growth in this market. However, experts agree that future growth will come from the expansion of laboratory automation into new market segments.

Market segments such as forensics and agriculture are just two of the new segments expected to increase their use of laboratory automation over the next five years.

The laboratory automation market as a whole is expected to increase by $1.0 billion in the next five years. The Asian market alone is expected to double its 2010 expenditures on laboratory automation by 2017.

The pharmaceutical and biotechnology industries have already proven the benefits of laboratory automation. Laboratory automation allows these industries to ensure consistent quality, reduce operating expenses, and increase the speed to market of their new products.

Both industries are expected to continue the trend towards total laboratory automation over the next several years as a growing demand for diagnostics and pharmaceuticals drives the need for increased throughput.

The clinical diagnostics industry has also been an early adopter of laboratory automation. This industry primarily performs diagnostic testing in support of medical facilities.

Market experts believe that budget pressures and staffing shortages will lead to a slightly suppressed, but still moderate growth in laboratory automation for this market.

Academia has historically been an innovator in the area of laboratory automation. This industry’s need for laboratory automation to support research initiatives often drives further automation. For example, the human genome project would have been impossible without some of the earliest attempts at laboratory automation used by academic researchers.

However, a decrease in funding for academic research is expected to keep the demand for further laboratory automation low for at least the next five years.

Forensics, on the other hand, is expected to increase their use of laboratory automation. The increasing popularity of forensic DNA testing has increased demand for laboratory automation in order to accommodate the volume of DNA samples. Laboratory automation helps forensics increase throughput while decreasing the risk of cross-contamination. Laboratory automation also makes it easier to document testing procedures and results and allows forensic department to operate with fewer staff.

Agriculture is also expected to see an increase in laboratory automation as key players in this industry seek to ensure the safety and improve the quality of their agricultural products.

The only potential constraint anticipated in the growth of laboratory automation is the lack of adequate laboratory information management systems.

Stable and reliable information systems will be needed to support a massive increase in the use of laboratory automation.

Read the full report on laboratory automation market statistics to learn who the key players will be in the next five years and how you can be poised to capitalize on this growing market.

Read the full story at http://www.prweb.com/releases/2013/6/prweb10830599.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. UCLA Brain Injury Research Center gets NCAA funding for research on sports concussions
2. NIH awards $20 million over 5 years to train next generation of global health researchers
3. Researchers develop a new cell and animal model of inflammatory breast cancer
4. Researchers uncover a viable way for colorectal cancer patients to overcome drug resistance
5. Sexually abused boys at risk for more unsafe sex: UBC research
6. Researchers Find Gene Mutations That May Be a Key to Autism
7. LSUHSC research finds HPV-related head & neck cancers rising, highest in middle-aged white men
8. Researchers find evidence of banned antibiotics in poultry products
9. Presidential keynote address and new research highlights from the American Society of Pediatric Otolaryngology meeting
10. Scientific session and new research highlights
11. NJ stroke researchers report advances in spatial neglect research at AAN Conference
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/23/2017)... ... March 23, 2017 , ... The American Board of Quality ... 40th Anniversary of ABQAURP’s dedication to Health Care Quality and Management and Patient Safety. ... not only to the association, but also to the Health Care Quality and Patient ...
(Date:3/23/2017)... ... March 23, 2017 , ... The founders of Dr. ... as winners of American Dreams & Good Housekeeping Seal Initiative, a nationwide search ... and Good Housekeeping. , Steven Wang, MD ., a renowned dermatologist and ...
(Date:3/23/2017)... ... March 23, 2017 , ... ... New MEDDEV 2.7/1 Rev. 4 Guidance, **An FDAnews Webinar**, April 4, 2017 ... will the new EU MDR language change the way manufacturers approach CERs? ...
(Date:3/23/2017)... Rey, CA (PRWEB) , ... March 23, 2017 ... ... its customizable coding audit software solution, iCode Assurance, at HCCA’s 21st annual Compliance ... optimizes and accelerates the coding audit process for all medical chart types with ...
(Date:3/23/2017)... ... , ... “Beyond and Back”: a true-life testimony of tragedy and the miraculous ... Bonetta Rose, a wife, mother and grandmother committed to sharing her many spiritual adventures ... Rose‘s new book presents actual events in the life of her family, which validate ...
Breaking Medicine News(10 mins):
(Date:3/23/2017)... Merrimack Pharmaceuticals, Inc. (NASDAQ: MACK ) ... a Phase 1 study of MM-310 in solid tumors. ... novel taxane and targets the EphA2 receptor, a protein ... major tumor types, including prostate, ovarian, bladder, gastric, pancreatic ... study is an important step in evaluating MM-310,s safety ...
(Date:3/23/2017)... 23, 2017 /PRNewswire/ - Medicure Inc. ("Medicure" or ... pharmaceutical company, is pleased to announce that its ... from the U.S. Food and Drug Administration (FDA) ... for tetrabenazine tablets in the 12.5 mg and ... a generic equivalent of the branded product Xenazine ...
(Date:3/23/2017)... , March 23, 2017   Casetabs , the ... native mobile app for the iPhone. With this new ... coordination and communication for physician offices, ambulatory surgery centers ... app offers iPhone users even faster, more reliable access ... it even easier to connect care teams so that ...
Breaking Medicine Technology: