Research Report on Lab Automation Market

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MarketsandMarkets Presents
Lab Automation Market worth 4.2 Billion By 2017

http//www.marketsandmarkets.com/Market-Reports/la
b-automation-market-1158.html
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The "Lab Automation Market by Equipment and
Software (Automated Liquid Handling and Robotics,
Microplate Readers, LIMS and Automated Storage),
and Applications (Drug Discovery, Clinical
Diagnostics, Genomics, Proteomics) - Trends and
Global Forecasts to 2017" analyzes and studies
the major market drivers, restraints, and
opportunities in North America, Europe, Asia and
Rest of World.                    
                       Browse 125 market data
tables and 11 figures spread through 292 pages
and in-depth TOC on Lab Automation Market by
Equipment Software (Automated Liquid Handling
Robotics, Microplate Readers, LIMS and Automated
Storage), and Applications (Drug Discovery,
Clinical Diagnostics, Genomics, Proteomics)
Trends Global Forecasts to 2017. http//www.ma
rketsandmarkets.com/Market-Reports/lab-automation-
market-1158.html Early buyers will receive 10
customization on reports.
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The increasing adoption of automation for
applications such as high throughput screening,
genomics, proteomic, and pre-analytics will
enable the global lab automation market to grow
at a CAGR of 6.4 from 2012 to 2017, to cross 4
billion by 2017. Based on equipment and software,
automated liquid handling accounts for the major
market share, whereas microplate readers are
expected to grow at a highest CAGR during the
forecast period. In terms of market end users,
biotechnology and pharmaceutical companies
majorly contributed to the market revenue in
2012. Market growth is propelled by an
increased adoption of the technology due to
factors such as increasing need for high
throughput screening for early drug discovery,
large lab workforce demand and supply gap, and
growing demand for automating clinical
diagnostics and genomics workflows.
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However, factors hindering the growth of the
market are the upfront cost of lab automation
systems and technological issues. North America
will continue to lead the lab automation market
over the next five years, in spite of stringent
FDA regulations and pre-marketing approvals. This
is due to the increasing adoption of lab
automation systems by research labs,
pharmaceutical and biotechnology companies,
clinical diagnostics, clinical research
institutes, and contract research organizations.
Factors such as implementation of the Affordable
Care Act (ACA) 2010 and economy stimulus programs
such as increase in fund allocation to The
National Institute of Health (NIH) and National
Science Foundation (NSF) are also leading to
growth, specifically in the lab informatics
market.
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