Market Trends of Automated Plate Handlers Industry
This section covers the major market trends shaping the Automated Plate Handlers Market according to our research experts:
Drug Discovery Segment to Witness High Growth
- In general, a medical compound takes several years moving from a target concept to a medication that generates revenue. Furthermore, there are several phases involved in the drug discovery and development process (DDD).
- The gradual increase in costs of pharmaceutical products provoked the industry players to modernize the ongoing traditional processes. Manual procedures involved in the discovery process take a considerable amount of time and are very complex as well as expensive. Hence, drug discovery units have pivoted into automating and robotizing their research laboratories.
- During the DDD processes for new therapeutic solutions, an automated plate handler is an important tool that helps in streamlining the laboratory workflow. Procedures that used to take several months manually can now be completed in a day by the use of modular automation systems.
- Growing incidences of diseases such as cancers are requiring spending for advanced drugs. In the United States, the cancer drug development number has increased over the past few years which has stimulated the adoption of automation in the country.
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North America Occupies the Largest Market Share
- In the North American region, the rate of adoption of lab automation is increasing rapidly due to the accuracy and ease of usage it provides, which is ultimately reducing human intervention and allows the doctor to reduce the throughput time and think about the implications of their experiments and to design effective follow-up projects.
- Due to the rise in the number of pre-clinical studies and also the demand for an efficient and cost-effective solution required for the analysis of various samples, the automated plate handlers market is growing in the North American region.
- Various regulations imposed by the government of the US and the food and drug administration, increasing demand in the diagnostics sector, growing importance on the drug discovery process, and with the incremental rise of various diseases such as cardiovascular diseases and neurological diseases among others in the region has boosted the market for automated plate handlers market.
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