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Sep 11, 2020 (AmericaNewsHour) —
Pharmaceutical companies have invested in a number of automated instruments to increase the output of all stages of the drug discovery process, from target-based research, combinatorial and analytical chemistry, primary and secondary screening to final analysis and quality control. Lab automation has simplified operations and increased the reproducibility. Moreover, the hard work and time required for manual labor have been reduced or eliminated with reactions and experiments set on auto-pilot. North America and Europe lead this market.
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Market Dynamics
The rapidly growing demand for diagnostic testing along with shrinking labor force of laboratory professionals is one of the prime drivers for automation in the drug discovery market. Moreover, increased government funding for biotech and drug discovery research, need for consistency in quality and a high cost of error act as growth drivers.
Lack of planning for technology development, low priority for lab automation among small and medium-sized laboratories and high initial setup cost put constraints on the market.
Market Segmentation
The global lab automation market is segmented by
Equipment and software (automated liquid handling, microplate readers, standalone robots, software and informatics, ASRS)
Type of automation (modular automation and total lab automation),
End users (biotech and pharma, hospitals and private labs, academics and research institutes).
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Geographic Analysis
North America and Europe lead the global lab automation in drug discovery market along with Canada and Japan. Asia – Pacific and Latin American countries represent emerging markets.
Key Players
Some of the major players in the market include Tecan Group Ltd., PerkinElmer Inc., Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Danaher Corporation, Bosch Packaging Technology, Anton Paar, Labman, Siemens Healthcare, Synchron Lab Automation, Hamilton Robotics, and PAA Automation.
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The post Lab Automation in Drug Discovery Market 2020: Statistics, Regional, And Global Industry Forecast To 2022 appeared first on America News Hour.
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The MarketWatch News Department was not involved in the creation of this content.