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Lab Automation Market to Grow at a CAGR of 6.4% from 2012 to 2017 – New Report by MarketsandMarkets
Date:8/18/2013

(PRWEB) August 18, 2013

The "Lab Automation Market by Equipment and Software (Automated Liquid Handling and Robotics, Microplate Readers, LIMS and Automated Storage), and Applications (Drug Discovery, Clinical Diagnostics, Genomics, Proteomics) - Trends and Global Forecasts to 2017" analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia and Rest of World.

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  • 125 Market Data Tables
  • 11 Figures
  • 292 Pages and In-Depth Table of Content on “Lab Automation Market”

http://www.marketsandmarkets.com/Market-Reports/lab-automation-market-1158.html

Early buyers will receive 10% customization on this report.

This report studies the global lab automation market over the forecast period 2012-2017.

The increasing adoption of automation for applications such as high throughput screening, genomics, proteomic, and pre-analytics will enable the global lab automation market to grow at a CAGR of 6.4% from 2012 to 2017, to cross $4 billion by 2017. Based on equipment and software, automated liquid handling accounts for the major market share, whereas microplate readers are expected to grow at a highest CAGR during the forecast period. In terms of market end users, biotechnology and pharmaceutical companies majorly contributed to the market revenue in 2012.

Market growth is propelled by an increased adoption of the technology due to factors such as increasing need for high throughput screening for early drug discovery, large lab workforce demand and supply gap, and growing demand for automating clinical diagnostics and genomics workflows. However, factors hindering the growth of the market are the upfront cost of lab automation system
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