Benchtop Automation Market: innovation in instrumentation and laboratory scale functioning Market Overview
According to a new report published by Reports Monitor titled, “Benchtop Automation Market by End-User: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the benchtop automation market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
The constant improvement in information technology, electrical engineering, digitalization and automation has led to rise of technologically advanced products, specifically constructed for the specific needs of end consumers. Benchtop automation is a work frame which empowers automation of technically demanding, precised and repetitive processes. Latest innovations in small scale benchtop automation can be imputed to developments of instruments in various areas such as compact configurations, enclosed instruments, vast pipetting ranges, turnkey solutions, pre-validated protocols, new robotic structure and end-user empowerment. Combination of these solutions with moderate flexibility and significant walkaway automation farther consolidates the utility of benchtop automation.
Introduction of new modern instruments advent in last couple of years is expected to create far-reaching curiosity among benchtop scientist. Benchtop usage in sample preparations, liquid dispensing, various cell based assays and many other applications drives the growth of the benchtop automation market. Moreover several advantages such as reliable data quality, cost & time saving, labour saving, and work effectiveness along with precision are the attributes propelling the growth of the market. However, high installation and instrument cost, skilled trainee and need of the software resilience as per companies recommended protocols are the obstacles that may restrict the growth of the market. North America and Europe are the major regions in the global benchtop automation with the highest share contributing in the market. Swift growth of biotechnological sector, embellishment in infrastructure,, advances in automation and availability of high amounts of funds for R&D activities are major aspects stimulating the growth of the market in the region.
The global benchtop automation market is segmented on the basis of end-user and region. Depending upon end-user the market is categorized into pharamaceutical & biotechnological companies, clinical & referrance laboratories, research institutes and others.
Manufacturers have adopted various strategies to sustain and maintain their market positions. The major key market players in the benchtop automation market are Agilent Technologies, Thermo Fisher Scientific Inc., F. Hoffmann-La Roche, QIAGEN, Danaher, Hamilton Robotics Inc., ABBOTT Diagnostics, PerkinElmer Inc., Siemens Healthcare and Biotek Instruments.
Expansion is the primary strategy adopted by prominent players in the market, followed by acquisition. For instance, Agilent Technologies Inc. a global leader in life sciences has entered into a definitive agreement to acquire privately-held Genohm. Genohm a developer of highly differentiated, cloud-based and on-premise software solutions for laboratory management. The acquisition will empower Agilent to offer a single informatics solution across laboratory and operational domains.
About Garner Insights:
We at Garner Insights.com provide a comprehensive analysis by providing in-depth reports of the various market verticals. Our Mission is to provide a detailed analysis of the vast markets worldwide backed by rich data. Decision makers can now rely on our well-defined data gathering methods to get the correct and accurate market forecasting along with detailed analysis.