Lab Automation Market exhibiting a CAGR of 20.8% over the forecast period
Lab Automation Industry Overview The global lab automation market size was estimated at USD 4.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.1% from 2021 to 2028. Lab automation uses technology to substitute or streamline the manual manipulation of processes and equipment. Depending on the workflow of a lab the degree of automation is decided. The extended use of automated instruments is most often observed at academic and research institutes to enhance their productivity and decrease the time spent on various tedious tasks. Additionally, the use of automated instruments by drug discovery units of pharmaceutical companies is further anticipated to automate its research phases extensively, propelling market growth. Gather more insights about the market drivers, restrains and growth of the Global Lab Automation Market The rise in advantages offered by lab automation is one of the major factors anticipated to boos...