In 2020, the Global laboratory data automation market size was valued at 166.78 Million$, increased from 107.15 Million$ in 2016, and the market is forecasted to reach 347.9 Million$ by 2026, growing at CAGR of 10.67% between 2021 and 2027.
Data Automation is the use of intelligent processes, other types of equipment, or systems for collecting, processing, storing and analysing chunks of data. Data automation enables researchers to achieve outputs like never before imaginable.
Today the total amount of scientific data, whether it’s for researching a new compound in drug development or discovering new trends in quality control, has massively increased and will only continue to rise. In order to control this explosion of data, data automation can be enabled to eliminate time loss and human errors.
Global Laboratory Data Automation Market- Key Players
The market concentration is low, with many small players scattered in this Industry. The market competition includes increasing competition from established companies that are expanding their production and marketing of performance products, as well as from frequent new entrants to the market.
Some leading international players include Thermofisher Scientific, Labforward GmbH, EISC, LabWare LIMS, Benchling, Dotmatics (BioBright), XiTechniXand, etc. In 2020, top 3 players occupied about 20.14% revenue share.
Global Laboratory Data Automation Market: Segmental Analysis
Based on product category, Laboratory Data Automation market can be classified into Data Tracking, Instruments Integration, Sample Management and Others. Data Tracking, the largest segment, took up about 37.85% of the global market size in 2020, with 63.13 Million US$ in value.
Global Laboratory Data Automation Market: Application Analysis
End-Users of Laboratory Data Automation can be segmented into: Enterprise R & D and University & Institute. In 2020, Enterprise R & D segment occupied the most market, of 64.47% global share.
Global Laboratory Data Automation Market: Region Analysis
North America is the largest consumption region of Laboratory Data Automation in terms of market value in 2020. The North America laboratory data automation market size was 57.88 Million$ in 2020 and it will be 104.72 Million$ in 2027, with a CAGR of 8.62% from 2021 to 2027. The United States dominates the North American market and is the major revenue contributor in the region. APAC presents lucrative opportunities for the key players operating in the laboratory automation market. The Asia-Pacific laboratory data automation market size was 26.21 Million$ in 2020 and it will be 112.36 Million$ in 2027, with a CAGR of 13.13% from 2021 to 2027.
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