Bharat Book Bureau Provides the Treding Market Research Report on "Asia-Pacific Laboratory Automation Market 2021-2028" under Life Sciences Category. The report offers a collection of superior market researach, market analysis, competitive intelligence and Market reports.

MARKET OUTLOOK
Report on the Asia-Pacific Laboratory Automation Market predicts the market to expand at a CAGR of 6.04% during the years 2021-2028. ASEAN countries, Australia & New Zealand, South Korea, India, Japan, China, and Rest of APAC form the market in this region.

Amidst the COVID-19 outbreak, the exports of pharmaceutical products gained significant traction in South Korea. Moreover, as the country is preparing to develop a large number of coronavirus vaccines, the pharmaceutical industry is anticipated to advance in the near future. This growth in pharmaceutical products relates to the surged production of over-the-counter as well as prescription drugs. This growth in pharmaceutical products influences the need for laboratory automation systems in developing new drugs, which further contributes to the development of the laboratory automation market in South Korea.

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New Zealand, for instance, have a comprehensive healthcare system, which is majorly funded by the public. Compared to other countries, New Zealand’s healthcare sector is mainly financed through taxation, and the expenditure per person is much lower. This widens the possibility of further development in the healthcare industry. Hence, the developmental initiatives in strengthening the healthcare sector will simultaneously boost the growth of the laboratory automation market over the reviewed years.

In Rest of Asia-Pacific, economic growth and demographic transformations in Vietnam are majorly improving the healthcare services. Here, public and provincial-level hospitals are undergoing significant upgrades in their facilities, owing to the government’s funds. Such developments are generating new opportunities for the healthcare sector. These factors are expected to significantly boost the demand for laboratory automation solutions, thereby fueling the progression of the laboratory automation market.

COMPETITIVE OUTLOOK
Some of the renowned companies present in the market are F Hoffmann-La Roche AG, Thermo Fisher Scientific Inc, Becton Dickinson and Company, Tecan Group Ltd, and Siemens Healthineers AG.

TABLE OF CONTENTS

ASIA-PACIFIC LABORATORY AUTOMATION MARKET - SUMMARY
INDUSTRY OUTLOOK
2.1. MARKET DEFINITION
2.2. KEY INSIGHTS
2.2.1. CLINICAL DIAGNOSTICS IS THE LARGEST APPLICATION IN THE MARKET
2.2.2. RESEARCH INSTITUTES IS THE FASTEST-GROWING END-USER IN THE MARKET
2.2.3. EQUIPMENT IS THE LARGEST PRODUCT TYPE IN THE LABORATORY AUTOMATION MARKET
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTE
2.3.3. BARGAINING POWER OF SUPPLIERS
2.3.4. BARGAINING POWER OF BUYERS
2.3.5. INTENSITY OF COMPETITIVE RIVALRY
2.4. MARKET ATTRACTIVENESS INDEX
2.5. VENDOR SCORECARD
2.6. MARKET DRIVERS
2.6.1. BETTER THAN NON-AUTOMATED LABORATORIES
2.6.2. ADVANCEMENT OF LABORATORY SYSTEMS
2.6.3. RISE IN RESEARCH & DEVELOPMENT SECTOR
2.7. MARKET RESTRAINTS
2.7.1. COSTLY SETUP PROCESS
2.7.2. PHYSICAL CONSTRAINTS
2.7.3. TECHNOLOGY INTEGRATION CHALLENGE
2.8. MARKET OPPORTUNITIES
2.8.1. GROWTH IN INVESTMENTS IN PHARMA AND BIOTECH COMPANIES
2.8.2. DEMAND FOR HIGH ACCURACY WITH LESS TURNAROUND PERIOD
2.9. KEY STRATEGIC DEVELOPMENTS
2.9.1. MERGERS & ACQUISITIONS
2.9.2. PRODUCT LAUNCH & DEVELOPMENTS
2.9.3. PARTNERSHIP, CONTRACT/AGREEMENT, & COLLABORATION
2.9.4. BUSINESS EXPANSION
2.10. IMPACT OF CORONAVIRUS ON LABORATORY AUTOMATION MARKET
ASIA-PACIFIC LABORATORY AUTOMATION MARKET OUTLOOK - BY APPLICATION
3.1. CLINICAL DIAGNOSTICS
3.2. DRUG DISCOVERY
3.3. GENOMICS SOLUTIONS

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