The global lab automation market was valued at USD 6.87 billion in 2022 and is predicted to grow at a compound annual growth rate (CAGR) of 6.64% from 2023 to 2030. Laboratory automation involves the application of specialized technology to simplify, streamline, or entirely replace manual handling of processes and equipment within a laboratory setting. This growth is driven by the increasing adoption of automated instruments in academic and research institutions, where these technologies increase productivity and reduce time. The rise in drug discovery and development is also expected to drive growth over the forecast period. The modular automation systems segment led the market in 2022, accounting for the largest revenue share of 51.69%. However, the total automation segment is expected to experience the fastest growth, with a projected CAGR of 7.15% during the same period.
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