Laboratory Benchtop Automation Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0206997
  • Format: Electronic (PDF)
  • Number of Pages: 223
  • Author(s): Joshi, Madhavi

Report Overview

The Laboratory Benchtop Automation Market size was estimated at USD 1.8 billion in 2023 and is projected to reach USD 3.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.60% during the forecast period (2024-2030).

Laboratory Benchtop Automation Market

(Market Size)
$1.8 billion
$3.2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.60%
2023 Market Size USD 1.8 billion
2030 Market Size USD 3.2 billion
Key Players Thermo Fisher, Hamilton, Tecan, PerkinElmer, Agilent

Market Summary

The Laboratory Benchtop Automation Market represents a specialized segment within the laboratory equipment industry, focusing on compact, automated systems designed to enhance workflow efficiency and experimental reproducibility on laboratory benches. These systems integrate various technologies such as robotic arms, liquid handlers, and software control systems to automate repetitive and high-precision tasks traditionally performed manually by laboratory personnel. The market caters to a diverse range of end-users, including pharmaceutical and biotechnology companies, academic and research institutions, and clinical diagnostic laboratories. The increasing demand for high-throughput screening, the need to minimize human error, and the growing emphasis on data integrity and traceability are fundamental factors propelling the adoption of these systems. As laboratories worldwide strive to increase productivity while managing operational costs, benchtop automation offers a scalable solution that fits within the spatial constraints of standard laboratory environments without requiring extensive facility modifications. The evolution of these systems continues to be driven by technological advancements in robotics, software integration, and modular design, allowing for greater flexibility and customization to meet specific application needs.

Key Highlights

The Laboratory Benchtop Automation Market is characterized by several key trends and technological innovations. A significant highlight is the integration of advanced software and connectivity features, enabling seamless data management, remote monitoring, and interoperability with other laboratory instruments and Laboratory Information Management Systems (LIMS). This connectivity is crucial for creating fully automated, smart laboratory workflows. Another prominent trend is the development of modular and customizable systems, allowing end-users to configure automation solutions tailored to their specific experimental protocols and throughput requirements. Companies like Thermo Fisher Scientific, Agilent Technologies, and PerkinElmer are at the forefront, offering systems that can be adapted for various applications, from sample preparation and nucleic acid extraction to cell culture and assay development. Furthermore, there is a growing emphasis on user-friendly interfaces and reduced footprint designs, making sophisticated automation accessible to a broader range of laboratories, including those with limited space or technical expertise. The convergence of automation with emerging fields such as genomics, proteomics, and personalized medicine is also expanding the application scope and driving innovation in this market.

Drivers, Opportunities & Restraints

The growth of the Laboratory Benchtop Automation Market is primarily driven by the increasing need for efficiency and reproducibility in laboratory processes. The rising volume of samples in drug discovery, clinical diagnostics, and life science research necessitates automation to achieve higher throughput and minimize manual errors. Stringent regulatory requirements in pharmaceuticals and diagnostics, which demand rigorous data integrity and compliance, further accelerate the adoption of automated systems that provide auditable trails. An emerging driver is the shortage of skilled laboratory technicians in some regions, making automation a strategic solution to maintain operational continuity and consistency.

Significant opportunities exist in the expansion of applications beyond traditional sectors. The growing field of genomics and the increasing adoption of next-generation sequencing (NGS) require automated solutions for library preparation and other complex, repetitive steps. The rise of personalized medicine and point-of-care testing also presents new avenues for compact, automated systems that can deliver rapid and reliable results. Furthermore, emerging markets in Asia-Pacific and Latin America offer substantial growth potential due to increasing investments in healthcare infrastructure and life science research.

However, the market faces certain restraints. The high initial investment cost associated with acquiring and implementing benchtop automation systems can be a barrier for smaller laboratories and academic institutions with limited budgets. The complexity of integrating new automated systems with existing laboratory equipment and workflows can also pose challenges, requiring additional time and resources for validation and staff training. Concerns regarding the maintenance and service requirements of sophisticated robotic systems may also deter some potential users.

Concentration Insights

The competitive landscape of the Laboratory Benchtop Automation Market is moderately concentrated, with a mix of large, established multinational corporations and specialized niche players. Leading companies such as Thermo Fisher Scientific Inc., Danaher Corporation (through its subsidiary Beckman Coulter), and Agilent Technologies Inc. hold significant market shares due to their extensive product portfolios, strong global distribution networks, and continuous investment in research and development. These players often compete on the basis of technological innovation, product reliability, and comprehensive customer support and service offerings. Alongside these giants, several specialized and innovative companies, such as Hamilton Company, Tecan Group Ltd., and PerkinElmer Inc., have carved out substantial niches by offering advanced, application-specific automation solutions. The market also features a number of smaller firms and startups focusing on novel technologies or catering to very specific automation needs, contributing to a dynamic and competitive environment. This concentration suggests a market where brand reputation, technological expertise, and the ability to offer integrated solutions are critical for maintaining a competitive edge.

Type Insights

The Laboratory Benchtop Automation Market can be segmented by the type of systems and workstations offered. A primary category includes automated liquid handling systems, which are fundamental for tasks such as serial dilution, pipetting, and reagent dispensing. These systems range from simple electronic pipettes to sophisticated robotic platforms capable of processing microplate formats. Another crucial type is automated microplate handlers and readers, which are integral to high-throughput screening assays in drug discovery and clinical diagnostics. These systems automate the movement, incubation, and analysis of samples in microplates. Benchtop robotic arms represent another segment, offering flexibility to automate a wider variety of tasks, from sample sorting and transport to more complex manipulations. Furthermore, there are specialized automated systems for specific applications, such as nucleic acid extraction systems, cell culture automation systems, and ELISA (Enzyme-Linked Immunosorbent Assay) processors. The choice of system type is heavily influenced by the specific application requirements, desired throughput, and the level of integration needed with other laboratory instruments.

Application Insights

Laboratory benchtop automation finds diverse applications across multiple industries. In drug discovery and pharmaceutical research, these systems are extensively used for high-throughput screening (HTS) of compound libraries, assay development, and ADME (Absorption, Distribution, Metabolism, and Excretion) testing. They significantly accelerate the research process and improve data quality. In clinical diagnostics, automation is pivotal for sample processing, immunoassays, molecular diagnostics, and clinical chemistry analyses, enhancing testing throughput and reproducibility in hospital and reference laboratories. Within academic and research institutions, benchtop automations are employed in genomics research for applications like PCR setup, NGS library preparation, and genotyping. They are also crucial in proteomics for sample preparation and assay automation. The food and beverage industry utilizes these systems for quality control and safety testing, while environmental testing laboratories apply them for the automated analysis of water and soil samples. The versatility of benchtop automation allows it to address a wide spectrum of laboratory needs, making it a valuable asset across these sectors.

Regional Insights

The adoption and growth of the Laboratory Benchtop Automation Market vary significantly across different geographic regions. North America, particularly the United States, represents the largest and most mature market. This dominance is attributed to the strong presence of leading pharmaceutical and biotechnology companies, high levels of R&D expenditure, early adoption of advanced technologies, and stringent regulatory standards that encourage automation for compliance. Europe is another significant market, with countries like Germany, the UK, and France being major contributors due to their well-established life science research infrastructure and significant investments in healthcare.

The Asia-Pacific region is identified as the fastest-growing market for laboratory benchtop automation. This growth is fueled by increasing government and private investments in healthcare infrastructure, rising pharmaceutical R&D activities, particularly in countries like China and India, and the expanding presence of contract research organizations (CROs). Growing awareness about the benefits of laboratory automation and the modernization of diagnostic laboratories are also key factors driving market expansion in this region. Meanwhile, Latin America and the Middle East & Africa are emerging markets, with growth potential linked to gradual improvements in healthcare systems and research funding.

Company Insights

The Laboratory Benchtop Automation Market features a competitive arena with several key players driving innovation and market expansion. Thermo Fisher Scientific Inc. is a dominant force, offering a comprehensive range of automation solutions under brands like Thermo Scientific? and Applied Biosystems?, known for their reliability and integration capabilities. Danaher Corporation, through its subsidiary Beckman Coulter Life Sciences, provides a robust portfolio of automated liquid handling and sample management systems, emphasizing workflow solutions. Agilent Technologies Inc. is renowned for its high-quality automation and liquid handling platforms that cater to complex analytical and diagnostic applications. PerkinElmer Inc. offers versatile automation workstations and detection systems widely used in drug discovery, genomics, and diagnostics. Tecan Group Ltd. and Hamilton Company are also major contributors, specializing in advanced liquid handling robots, automated workstations, and OEM modules that are highly regarded for their precision and flexibility. These companies compete intensely through continuous product innovation, strategic acquisitions, and a strong focus on providing application-specific solutions and global customer support.

Recent Developments

The Laboratory Benchtop Automation Market is dynamic, with continuous advancements and strategic movements by key players. A prominent recent trend is the increased integration of artificial intelligence (AI) and machine learning into automation software. This enables more intelligent scheduling, predictive maintenance, and error detection, thereby enhancing system autonomy and efficiency. There has also been a significant push towards the development of more compact and modular systems, making automation accessible to smaller labs and point-of-care settings. Companies are increasingly focusing on offering end-to-end workflow solutions rather than standalone instruments, providing fully integrated systems that cover everything from sample preparation to analysis.

Strategic collaborations and partnerships between automation vendors and consumables manufacturers are common, aiming to ensure compatibility and optimize overall system performance. Furthermore, several leading companies have launched new products with enhanced features, such as higher throughput, improved accuracy, and greater connectivity with cloud-based data management platforms. The market has also witnessed acquisitions aimed at expanding technological capabilities and geographic reach, reinforcing the positions of major players while integrating novel technologies from smaller innovators into broader portfolios.

Report Segmentation

This comprehensive market research report on the Laboratory Benchtop Automation Market provides a detailed analysis segmented across multiple dimensions to offer a granular view of the industry. The segmentation by type delves into the various systems available, including automated liquid handlers, microplate handlers, standalone robots, and specialized automated workstations for applications like nucleic acid extraction. The application segmentation explores the diverse uses of these systems across key end-use sectors such as drug discovery & ADME-Tox testing, clinical diagnostics, genomics solutions, proteomics research, and other applications within the food and environmental testing industries. Furthermore, the report offers a thorough regional analysis, breaking down the market size and growth trends across major geographical areas including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. This multi-faceted segmentation allows for a precise understanding of market dynamics, demand patterns, and growth opportunities within each specific segment and region, providing invaluable insights for stakeholders.

FAQs

What is laboratory benchtop automation?

Laboratory benchtop automation refers to the use of compact, self-contained automated systems placed on laboratory benches to perform tasks that were traditionally done manually. These systems typically include robotic arms, liquid handling modules, and software controls designed to automate repetitive processes like pipetting, sample preparation, and assay execution, thereby increasing efficiency, throughput, and data reproducibility while reducing human error.

What are the benefits of using benchtop automation?

The primary benefits of implementing benchtop automation include significantly improved workflow efficiency and throughput, enhanced experimental reproducibility and data quality by minimizing manual variability, and a reduction in operational costs over time by freeing up highly skilled personnel for more complex tasks. It also ensures better compliance with regulatory standards through built-in data tracking and audit trails.

Which industries use laboratory benchtop automation?

Laboratory benchtop automation is widely adopted across several industries. The primary users are the pharmaceutical and biotechnology industries for drug discovery and research. It is also extensively used in clinical diagnostics laboratories for processing patient samples, academic and government research institutions for various life science studies, and additionally in the food and beverage and environmental testing sectors for quality control and analysis.

What tasks can be automated with a benchtop system?

Benchtop automation systems can perform a vast array of laboratory tasks. Common automated functions include precise liquid handling such as pipetting and dispensing, sample dilution and mixing, microplate washing and reading, nucleic acid extraction and purification, PCR setup, cell culture processes like feeding and passaging, and enzyme-linked immunosorbent assays (ELISA).

How does benchtop automation differ from full-scale automation?

The key difference lies in scale, footprint, and integration. Benchtop automation consists of smaller, self-contained units designed to fit on a standard laboratory bench and automate specific tasks or workflows. In contrast, full-scale laboratory automation often involves large, integrated robotic systems that may occupy entire rooms and are designed to automate entire end-to-end processes, connecting multiple instruments together, which requires significant space and a higher investment.

What are the key considerations when choosing a benchtop automation system?

Important factors to consider include the specific applications and protocols you need to automate, the required throughput and capacity of the system, its footprint and compatibility with existing laboratory space and equipment, the flexibility and scalability of the platform for future needs, the user-friendliness of the software interface, and the total cost of ownership, which encompasses initial purchase price, maintenance, and consumable costs.

Citius Research has developed a research report titled “Laboratory Benchtop Automation Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Laboratory Benchtop Automation Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Laboratory Benchtop Automation Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Laboratory Benchtop Automation Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Laboratory Benchtop Automation Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Laboratory Benchtop Automation Market
• Research Methodology
• Executive Summary
• Market Dynamics of Laboratory Benchtop Automation Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Laboratory Benchtop Automation Market
• Cost and Gross Margin Analysis of Laboratory Benchtop Automation Market
• Laboratory Benchtop Automation Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Laboratory Benchtop Automation Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Laboratory Benchtop Automation Market Key Stakeholders

Below are the key stakeholders for the Laboratory Benchtop Automation Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Laboratory Benchtop Automation Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Laboratory Benchtop Automation Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Laboratory Benchtop Automation Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Laboratory Benchtop Automation Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Laboratory Benchtop Automation Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Laboratory Benchtop Automation Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Laboratory Benchtop Automation Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Laboratory Benchtop Automation Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Laboratory Benchtop Automation Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Laboratory Benchtop Automation Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Laboratory Benchtop Automation Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Laboratory Benchtop Automation Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Laboratory Benchtop Automation Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Laboratory Benchtop Automation Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Laboratory Benchtop Automation Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Laboratory Benchtop Automation Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Laboratory Benchtop Automation Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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