Machines play a vital role in the automation of lab in bio analysis with considerable amount of man power to make sure that machines work properly. Automation provides a cheaper alternative for man power and also reduces the human errors which also have long term benefits. The Global Lab Automation by Bio Analysis Market was 4.26 Billion USD in 2018 and is estimated to reach 6.71 Billion USD by 2025 at a CAGR of 6.71% during the forecast period.
Growth by Region
North America is expected to lead Global Lab Automation Bio analysis Market. On the other hand, Asia Pacific region is expected to have the highest growth rate in this forecast period.
Drivers vs. Constraints
The upsurge in the number of clinical and pre-clinical studies across the world and the need for consistency in quality are the reasons for the growth of Global Lab Automaton in Bio analysis market.
Industry Structure and Updates
In September 2017, Agilent declared a platinum sponsorship agreement with LabCentral, biotech innovation hub based in Cambridge, Massachusetts.