Streamlining the Laboratory Process: The Impact of Lab Automation on Efficiency and Accuracy
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The report "Lab Automation Market by Product (Robotic Arm, Microplate Readers, Workstation, LIMS, ELN), Application (Drug Discovery, Diagnostics, Genomics, Proteomics, Microbiology), End-User (Pharma, Diagnolab, Forensics, Environmental) - Global Forecast to 2025", size will grow to USD 5.5 billion by 2025 (forecast year) from USD 4.3 billion in 2020 (estimated year), at a CAGR of 5.2% during the forecast period. Increasing spending on pharmaceutical R&D, growing food safety concerns, standardization of workflows, stringent regulatory control in the healthcare industry are fueling the growth of the market. Moreover, high demand in the emerging nation and the growth of the pharmaceutical and biotechnology industries are some of the other major factors driving the growth of this market.