The global laboratory robotics market is expected to witness significant growth in the next five years, according to a recent report. The market, which was estimated at USD million in 2022, is projected to reach USD million by 2030, with a compound annual growth rate (CAGR) of percentage during the forecast period.
The report segments the market based on applications, types, and regional outlook. In terms of applications, clinical laboratories and research laboratories are the key segments. When it comes to types of laboratory robotics, the market includes low-cost laboratory robotics, biological laboratory robotics, and pharmaceutical laboratory robotics. The regional analysis covers North America, Europe, Asia-Pacific, South America, the Middle East, and Africa.
The global laboratory robotics market is dominated by key players such as Tecan Group, Yaskawa Electric, Universal Robots, Protedyne, and Thermo Fisher Scientific. These players hold a significant market share, accounting for over percent of the global market in 2021.
Factors driving the growth of the laboratory robotics market include increasing global demand for various applications. The market also shows strong potential for substantial growth, with an impressive CAGR forecasted from 2023 to 2030. Strategic initiatives from key industry players are expected to further expand the market.
During the COVID-19 pandemic and the Russia-Ukraine conflict, the laboratory robotics market faced challenges. However, the report explores the effects of these events and strategies for recovery.
In terms of geography, North America, Europe, and Asia-Pacific are the leading regions in the laboratory robotics market. Key questions addressed in the report include global trends and demand projections, strategic industry developments, factors influencing pricing and raw material sourcing, opportunities and challenges, market value insights, recent industry trends, entry strategies, and marketing channels.
In summary, the global laboratory robotics market is poised for significant growth in the coming years. With increasing demand and strategic initiatives, industry players are driving the market forward. North America, Europe, and Asia-Pacific are the key regions to watch in terms of market dominance. Amidst challenges such as the COVID-19 pandemic, the market is expected to recover and continue its growth trajectory.
Sources:
– Laboratory Robotics Market Insights 2023: Top Key Players Analysis, Segmentation, Future Trends with Growth
– Market Growth Reports