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:4/29/2017)... (PRWEB) , ... April 29, 2017 , ... Phytomer USA ... As a Phytomer Account Manager, Smith’s role is to provide excellent customer ... that make up The Phytomer Group. Smith comes to Phytomer with a wealth of ...
(Date:4/28/2017)... ... April 28, 2017 , ... The National Campaign to ... the Access to Contraception for Women Servicemembers and Dependents Act of 2017. The ... will help to ensure that all members of the Armed Forces receive high ...
(Date:4/28/2017)... ... April 28, 2017 , ... Horizon Blue Cross Blue Shield of New Jersey ... “A” and its outlook as “stable.” At the same time, the ratings agency cautioned ... recent years, dip below “capital adequacy” thresholds required for its strong rating. , “Horizon ...
(Date:4/28/2017)... ... April 28, 2017 , ... The Radiology Business Management ... officers for 2017-2018. The annual board election process has been in place since the ... , Thomas C. Dickerson, Ed.D., FACHE, succeeds Jim Hamilton, MHA, CMM, FRBMA, as president. ...
(Date:4/28/2017)... ... April 28, 2017 , ... ... liability could substantially improve drug safety and minimize the cost of development. In ... ion channel inhibition using cell lines and for cardiac toxicity using induced pluripotent ...
Breaking Medicine News(10 mins):
(Date:4/19/2017)... 19, 2017  Novartis today announced the publication ... Lung, and Blood Institute (NHLBI) of the National ... patients with treatment-naïve severe aplastic anemia (SAA) achieved ... eltrombopag at the initiation of and concurrently with ... three sequential treatment groups, or cohorts. Cohort 3 ...
(Date:4/18/2017)... MINNEAPOLIS , April 18, 2017 Cogentix ... focused on providing the Urology, Uro/Gyn and Gynecology markets ... for the first quarter ended March 31, 2017 after ... The Company will host a conference call ... day on Tuesday, May 2, 2017 at 4:30 p.m. ...
(Date:4/18/2017)... , April 18, 2017  Astute Medical, Inc., developer ... series to be presented at the 2017 National Kidney ... today and continues through April 22. Physicians will present ... used to assess risk for acute kidney injury (AKI) ... failure (ADHF). Elevated levels of TIMP-2 ...
Breaking Medicine Technology: