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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

s and technological issues.

North America will continue to lead the lab automation market over the next five years, in spite of stringent FDA regulations and pre-marketing approvals. This is due to the increasing adoption of lab automation systems by research labs, pharmaceutical and biotechnology companies, clinical diagnostics, clinical research institutes, and contract research organizations.

Factors such as implementation of the Affordable Care Act (ACA) 2010 and economy stimulus programs such as increase in fund allocation to The National Institute of Health (NIH) and National Science Foundation (NSF) are also leading to growth, specifically in the lab informatics market. North America is closely followed by Europe in terms of market share, and vendors and manufacturers will be seen turning towards the region for regulatory reliefs.

Asian markets are expected to grow at the highest CAGR owing to increasing healthcare investments and growing demand for standardization and accreditation.

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