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Laboratory Automation Market: 2017 Equipment & Software, Drug Discovery, Clinical Diagnostics, Genomics & Proteomics Analysis in New Research Reports at RnRMarketResearch
Date:6/11/2013

Dallas, Texas (PRWEB) June 11, 2013

RnRMarketResearch.com adds Latest Reports on Lab Automation Market For Equipment & Software (Automated Liquid Handling & Robotics, Microplate Readers, LIMS and Automated Storage), and Applications (Drug Discovery, Clinical Diagnostics, Genomics, Proteomics) to its store.

Laboratory automation is defined as the use of technology to streamline or substitute manual manipulation of equipment and processes. Laboratory automation offers technologies and engineering backing for state-of-the-art work flows in research, quality assurance, and diagnostics labs. Lab automation techniques are broadly finding applications in a majority of lab procedures – from simple capping and decapping of sample bottles to high throughput screening of test samples.

The global lab automation market was valued at $3.1 billion in 2012 and is poised to reach $4.2 billion by 2017 at a CAGR of 6.4%. The growth of the lab automation market is driven by miniaturization of the process, leading to reduction in overall costs, higher reproducibility and accuracy, increasing investments in biotechnology, large lab personnel demand and supply gap, and reduction in sample contamination risk. It is expected that the market will offer opportunities for lab automation solutions manufacturers with the introduction and adoption of upcoming technologies such as digital dispensing, semantic technology and merger of Lab-on-a-chip (LOC) technology with lab automation systems. However, factors such as indefinite data interchange standards, economic slowdown, and lacks of technology planning are hindering the growth of the market. To deal with the varying demand, vendors of lab automation equipment offer a range of products and services. However, configuring components that permits maximum flexibility is a challenge.

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