Market Size of Automated Analyzers Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 12.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Automated Analyzers Market Analysis
The automated analyzers market is expected to register a CAGR of 12.4% during the forecast period (2021-2026). The emergence and rapid adoption of robotics has transformed the typical workday for scientists across the globe. With the advent of automation techniques, scientists are now able to set up, run, and analyze the results of experiments in much lesser time as compared to the past.
- Currently, achieving maximum efficiency in various department, including the research and development labs, is a major issue for many organizations. North America has been the biggest contributor to the growth in this market, owing to the presence of major R&D firms, and its emphasis on optimizing workflows by minimizing human intervention.
- Automation of routine laboratory procedures, by the use of dedicated work stations and software to program instruments, allows the scientists and technicians to analyze the implications of their experiments, design an effective follow-up project, or develop alternative approaches to there project, instead of spending their day repeating the monotonous tasks.
- Major factors that are contributing towards the growth of the market include the compulsion from the respective governments and industries to comply with the regulations, and the growing demand for the integrated healthcare systems.
- The shift from the legacy systems to commercial solutions was favored by mostly all the laboratories, as these solutions provide flexible and reliable methods to manage data, resources, and workflows.
