Global Laboratory Robotics Market - Drivers and Forecast from Technavio

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Technavio analysts forecast the global laboratory robotics market to develop to USD 214.5 million by 2021, at a CAGR of greater than eight% over the forecast interval, in line with their newest report.

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Technavio has introduced the discharge of their 'International Laboratory Robotics Market 2017-2021' report. (Graphic: Enterprise Wire)

The analysis research by Technavio on the global laboratory robotics market for 2017-2021 supplies detailed business evaluation based mostly on end-user (medical laboratories and analysis laboratories) and geography (the Americas, EMEA, and APAC).

Laboratory robots are automated merchandise deployed for numerous purposes in pharmaceutical and chemical laboratories. The Americas are the most important adopters of laboratory robotics know-how, pushed by the rising demand for higher high quality and effectivity in affected person care supply providers.

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Technavio analysts spotlight the next three elements which are contributing to the expansion of the worldwide laboratory robotics market:

  • Addressing productiveness and price administration in laboratories
  • Enhancements in product supply, high quality, and accuracy
  • Incorporating human and product security

Addressing productiveness and price administration in laboratories

Laboratories are integrating robots to streamline their day by day actions whereas decreasing the operational and overhead prices. The adoption of laboratory robotics additionally reduces the expenditure incurred by means of the procurement of samples, consumables, and reagents,” says Bharath Kanniappan, a lead analyst at Technavio for robotics analysis.

It has been noticed that roughly 50%–60% of the operational value could be saved in medical and analysis laboratories via the adoption of robotics. Implementation of robotic applied sciences is a one-time funding that may assist chemical and pharmaceutical companies in producing a better revenue by minimizing the time required for course of completion.

Enhancements in product supply, high quality, and accuracy

The adoption of robots in analysis and medical laboratories has clearly enhanced the productiveness and general high quality and accuracy of the work carried out in these models. Since robots show greater effectivity and velocity when in comparison with human beings, the typical time spent doing guide labor is considerably decreased.

Robots additionally possess the pliability to be programmed based mostly on consumer necessities, offering not solely high-quality output but in addition producing reproducible and dependable outcomes. These benefits are engaging to laboratories, thereby encouraging larger adoption.

Incorporating human and product security

A variety of laboratories cope with processes and chemical compounds that may trigger problems for the well being and security of the technicians working there. Additionally, to make sure compliance with the regulatory and security protocols in place, laboratories have initiated companies to undertake robotic applied sciences for important course of purposes.

The robots deployed in laboratories are able to aiding companies to execute day-to-day operations whereas making certain the security of human life and property. Robots are set to turn out to be important supporting entities aiding with the protected and streamlined functioning of labs,” says Bharath.

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About Technavio

Technavio is a number one international know-how analysis and advisory firm. The corporate develops over 2000 items of analysis yearly, overlaying greater than 500 applied sciences throughout 80 nations. Technavio has about 300 analysts globally who concentrate on custom-made consulting and enterprise analysis assignments throughout the newest vanguard applied sciences.

Technavio analysts make use of main in addition to secondary analysis methods to determine the dimensions and vendor panorama in a variety of markets. Analysts get hold of info utilizing a mixture of bottom-up and top-down approaches, apart from utilizing in-house market modeling instruments and proprietary databases. They corroborate this knowledge with the info obtained from numerous market members and stakeholders throughout the worth chain, together with distributors, service suppliers, distributors, resellers, and end-users.

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