Rise in Research Activities to Boost Modular Laboratory Automation Market Growth

 

Technavio has been monitoring the global modular laboratory automation market and it is poised to grow by USD 1.08 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Download the Sample Report @ https://bit.ly/3cJEuMU

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Agilent Technologies Inc., Becton, Dickinson and Co., Bio-Rad Laboratories Inc., Danaher Corp., F. Hoffmann-La Roche Ltd., PerkinElmer Inc., QIAGEN NV, Shimadzu Corp., Siemens AG, and Thermo Fisher Scientific Inc are some of the major market participants. The rise in research activities will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.



The market is currently moderately fragmented, and the degree of fragmentation will decrease during the forecast period. The key players in the market are focusing on various growth strategies such as mergers and acquisitions, divestitures, joint ventures, and partnerships to expand the geographical reach and gain major market shares and revenue. Shimadzu Corp., Siemens AG, and Thermo Fisher Scientific Inc. are a few of the major market participants. Although the accelerating growth momentum will offer immense business opportunities, the risk of prolonged downtime due to automation failure will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market positions, this modular laboratory automation market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this modular laboratory automation market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

Get the Full Report @ http://bit.ly/2MtzBx3

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