As per the latest report by IMARC Group, entitled “Laboratory Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global laboratory automation market size reached a value of US$ 5.21 Billion in 2020. Laboratory automation uses devices and software to increase the efficiency of scientific research in laboratories through automated systems. These systems usually comprise robots, conveyor systems, machine vision, and computer hardware and software to improve the safety and accuracy of sample management. They also assist in real-time analysis by eliminating human errors and considerably reducing the human workload as well. Automation of steps like storing, sorting, decapping, recapping, retrieval, accessioning and centrifugation saves time and improves the efficacy of the research procedure. Additionally, laboratory automation aids to enhance the testing capacity and workflow, reduce cost per test, and minimize turnaround time.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
A rising number of retiring professionals along with the decreasing number of accredited training programs have led a shortage of skilled employees in laboratories. As a result, a shift toward automation has been witnessed to maintain the inflow of samples with reduced chances of errors. Apart from this, the utilization of automated systems in laboratories has also increased the productivity of drug discovery process. Furthermore, governments of several countries are investing in research and development (R&D) to enhance the existing research and develop new dimensions in the field. For instance, governments have undertaken initiatives to increase test speeds and reduce cost inputs across automated laboratories. Similarly, the commercialization of automated specimen separation technique that uses automated centrifugal force on the blood specimen is further expected to bolster the market growth. Looking forward, IMARC Group expects the global laboratory automation market to exhibit moderate growth during the next five years.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Danaher
- PerkinElmer
- Tecan Group
- Thermo Fisher
- Abbott Diagnostics
- Agilent Technologies
- Aurora Biomed
- Becton Dickinson
- BioMérieux
- Biotek Instruments
- Brooks Automation
- Cerner
- Eppendorf
- Hamilton Storage Technologies
- LabVantage Solutions
- Labware
- Olympus
- Qiagen
- Roche Holding
- Siemens Healthcare
Laboratory Automation Market Segmentation:
Our report has categorized the market based on region, type, equipment/software type and end use.
Breakup by Type:
- Modular Automation
- Whole Lab Automation
Breakup by Equipment/Software type:
- Automated Clinical Laboratory Systems
- Automated Drug Discovery Laboratory Systems
Breakup by End-Users:
- Biotechnology
- Pharmaceutical Companies
- Hospitals and diagnostic laboratories
- Research and academic institutes
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
