Global Market Size of Lab Automation Market – 10 Year Market Forecast

Healthcare

Lab Automation Market Size Forecast 2022-2029

The global lab automation market size is anticipated to grow up to USD 8.42 billion by 2029 from an estimated value of USD 6.08 billion in 2022, growing at a CAGR of 5%. The cumulative market size calculated is expected to be USD 58 billion over the forecast period. APAC is the largest market for lab automation and is expected to account for the majority of the market shares. Biotechnology and pharmaceutical companies are the major end-user segment that is expected to earn the highest market revenues. By equipment and software, the automated workstations segment should represent a significant share of the market.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global market database is a cloud based market research tool that studies the shift in line with changing market trends for lab automation market.
• What is the growth rate of the lab automation market?

• The growth rate of the lab automation market is 5%.
• How is the lab automation market categorized?

• The categories of the lab automation market are by equipment and software, region wise and by end-user.
• Which is the largest equipment and software segment?

• Automated workstation is the largest equipment and software market.
• What is the projected market size for 2029?

• The projected market size value for 2029 is USD 8.42 billion.

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