Lab Automation Market Size, Share, Growth Analysis, By Process(Continuous Automation System and Modular Automation System), By Automation Type(Robotic Arm, Microplate Readers, Workstation, LIMS), By Product(Drug Discovery, Diagnostics, Genomics, Proteomics and Microbiology), By Application(Clinical Chemistry Analysis, Photometry & Fluorometry, Immunoassay Analysis, Electrolyte Analysis and others), By Region - Industry Forecast 2024-2031

Lab Automation Market size was valued at USD 4.82 billion in 2019 and is poised to grow from USD 5.1 billion in 2023 to USD 8.01 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).

Automation in the lab refers to the use of instruments to carry out tasks with little assistance from humans. Anywhere from the first stage of an experimental procedure through the complete workflow can be automated. With the help of robots, computers, and software, a wide range of products are now readily available. Pre-analytical, analytical, and post-analytical stages of lab automation can be distinguished. Even so, automated procedures may be integrated into every aspect of the experimental process. Processes can be made more efficient, or data can be transferred and made more accessible from various places or devices for the working team or to collaborating teams. Many life science laboratories are using automation in the form of AI or ML in several methods.

Technology is used in lab automation to replace or simplify manual equipment and process manipulation. The level of automation in a lab is determined by the process. To increase production and cut down on time spent on numerous tedious chores, academic and research institutions frequently deploy extensive automated instruments. Additionally, it is projected that the adoption of automated tools by drug development departments of pharmaceutical corporations would greatly automate its research stages, driving the market growth.

US Lab Automation Market is poised to grow at a sustainable CAGR for the next forecast year.