The Global Lab Automation Market is predicted to be valued at USD 12.465 billion by 2035, a growth of 7.15% in the next seven years. Factors such as increasing laboratory tests performed globally, standardization of laboratory workflows, increased R&D spending in the pharmaceutical industry, and the incorporation of AI and analytical tools into laboratory activities are key factors driving the market expansion. The report provides comprehensive market penetration, market diversification, market trends, competitive assessment, and product development & innovation. It also provides an assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players. The cost of providing healthcare has increased due to factors such as the geriatric population base, chronic diseases, growing drug prices, and administrative expenses. The adoption of lab Automation in emerging markets like the Asia Pacific and Latin America is also driving adoption of the technology.
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