Lab automation refers to the use of various automatic detection equipment and computers to achieve automation in measurement, experimentation, and data processing, with the aim of reducing manual operations for laboratory personnel and improving research efficiency. Lab automation can be divided into two categories: full lab automation (TLA) and modular automation (MLA). ‌

Overview of Market Development

Lab automation equipment and technology have shown significant advantages in improving experimental efficiency, reducing manual intervention, and ensuring the safety of experimental data. In recent years, the global lab automation market has been rapidly developing, mainly due to the increase in research investment and the growing demand for precise experimental results. According to our research data, the global lab automation market is expected to reach $9.84 billion in 2024, an increase of 7.59% from 2023, and is expected to continue growing to $13.86 billion by 2029. The CAGR for 2024-2029 is estimated to be 7.09%.

Analysis of Market Competition Pattern

From the perspective of market competition, the concentration of the global lab automation market is relatively low. Data shows that in 2023, the lab automation output value of the top 3 enterprises in the industry totaled $2.47 billion, with a total output value share of 27.01%; The total output value for lab automation of the top 6 enterprises was $3.98 billion, with a total output value share of only 43.54%. The top three companies were Danaher, PerkinElmer, and Tecan Group. In 2023, these three companies' lab automation output value accounted for 9.45%, 9.05%, and 8.51% of the global market, respectively.

Source: www.globalmarketmonitor.com

Market Analysis of Major Regions/Countries

From a regional perspective, the global lab automation market is mainly concentrated in North America, Europe, and the Asia Pacific region. Among them, North America is the largest revenue market. Data shows that the North American lab automation market revenue is expected to reach $3966 million in 2024, with an estimated market share of 40.31%. From a national perspective, Asian countries such as China and Japan are also important components of the global lab automation market, holding a certain market share.

Regions/Countries	Market Revenue (Million USD)	Market Share
North America	3966	40.31%
Europe	3440	34.96%
China	1155	11.74%
Japan	547	5.56%
India	276	2.81%
South America	98	1.00%
Middle East & Africa	121	1.23%