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COVID-19 to Have Significant Effect on Worldwide Adoption of Lab Automation in 2020

Analysts at Future Market Insights find that the global Lab Automation market has been evolving at a CAGR of xx% during the historic period 2012-2016. The market study suggests that the global market size of Lab Automation is projected to reach ~US$ xx Mn/Bn by the end of 2027 with a CAGR of xx% over the stipulated timeframe 2017-2027.

The COVID-19 pandemic has been posing measurable impact on the global economy and, in turn, on the  Lab Automation market. Quarantines, traveling constraints, and social distancing measures on a broad-scale drive a steep decline in business and consumer spending until the end of Q2. This research work intends to offer market players with a viewpoint on the changing scenario and implications for the market players.

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The Lab Automation market research demonstrates the current and future market share of each region along with the important countries in respective region. Key regions include:

  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Middle East & Africa
  • Japan

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Favourable government policies for start-ups enable companies to develop cost-effective healthcare solutions in the lab automation market. Over the last few years, government authorities in Asia Pacific and Middle East and Africa are encouraging start-up companies as well as MNCs to boost industrial growth in the healthcare and medical device industries. Major players in the in-vitro diagnostics market can capitalize on the economies of scale to strengthen their position in the market.

For instance, India, a developing country in the Asia Pacific region, has announced new policies for attracting MNCs as well as start-up companies across domains, including medical device manufacturing. According to the policies, start-up companies in India are exempt from tax for the first three years after establishment, and patent protection costs are subsidized. Thus, favourable government policies in developing countries are expected to drive overall the lab automation devices and services market..

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What does the  Lab Automation market research holds for the readers?

  • One by one company profile of key vendors.
  • Influence of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global  Lab Automation market.
  • Evaluation of supply-demand ratio in every end use industry.
  • Regional analysis on the basis of market share, growth outlook, and key countries.
  • Positive and negative aspects associated with the consumption of Lab Automation.

The  Lab Automation market research clears away the following queries:

  1. What is the present and future outlook of the global Lab Automation market on the basis of region?
  2. What tactics are the Lab Automation market vendors implementing to give tough competition to their business counterparts?
  3. What are the macro- and microeconomic factors affecting the global Lab Automation market?
  4. Which end use segment is spectated to lead by the end of 2029?
  5. Why region has the highest consumption of Lab Automation?

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Explore Future Market Insights’ detailed coverage on, COVID-19 IMPACT ASSESSMENT TRACKER

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Last Updated: 11-May-2020