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Lab Automation Market Report - Trends & Global Forecasts to 2017
Date:7/9/2013

DUBLIN, July 8, 2013 /PRNewswire/ --

Research and Markets ( http://www.researchandmarkets.com/research/89dsws/lab_automation) has announced the addition of the "Lab Automation Market - Trends & Global Forecasts to 2017" report to their offering.


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Laboratory automation is defined as the use of technology to streamline or substitute manual manipulation of equipment and processes. This practice offers technologies and engineering backing for state-of-the-art work flows in research, quality assurance, and diagnostics labs. These 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 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 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.

However, factors such as indefinite data interchange standards, economic slowdown and lack of technology planning are hindering the growth of the market. To deal with the varying demand, vendors of lab automation equipment offer a range o
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SOURCE Research and Markets
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