Global Clinical Diagnosis Automation Market expected to show steady growth by 2020
Deerfield Beach, FL -- (SBWIRE) -- 12/01/2017 -- According to the report, the clinical diagnosis automation market is expected to generate revenue of USD 5.71 billion by end of 2020, growing at a CAGR of 7.2% till 2020.
Clinical diagnostics play a critical role in terms of patient care. They are focused on assessment of levels of different identified markers in the human urine, human blood, and other human fluids. Over the past couple of years, automation and innovation have been introduced in the healthcare sector with respect to the analytical phase. Clinical diagnosis automation is a multi-disciplinary approach to develop, research, capitalize, and optimize technologies in the laboratory that facilitate improved and new processes. Professionals involved in this automation technique are government, commercial and academic, researchers, engineers and scientists who carry out research and design novel technologies to augment productivity, decrease lab process cycle times, elevate experimental data quality.
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Continuous progress in clinical diagnostics and drug discovery, higher accuracy are further fuelling the market growth. Additionally increasing the need for cost reduction and improved personnel safety are further escalating the growth of the market worldwide. Market participants are emphasizing on cutting down the overall cost and focusing on technological advancements in order to increase efficiency and productivity of the laboratories.
Clinical diagnosis automation market is segmented on the basis of software, equipment and software, type and region. Based on equipment and software, this market is segmented as automated liquid handling, standalone robots, microplate readers, retrieval systems, automated storage, software and informatics, and others. Out of all segments, automated liquid handling accounted for the majority share of overall automation market in 2014.
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Different types of automation involved in this market include automation total lab automation and modular automation. All testing phases are collected in total laboratory automation through which all modules are physically linked by some kind of track system. The modular automation occupied a significant share of the market as it is cost effective and need less space.
Geographically, North America emerged as leading market for clinical diagnosis automation which was mainly contributed due to U.S. Aging population and high diagnosis rate in this region is fuelling the market growth in this region. Growing health care awareness and rising corporate and academic research investment is further pushing the market growth in Asia Pacific region. Emerging healthcare sector in economies such as India and China are offering new market avenues for the players in clinical diagnosis automation market.
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Several industry participants in the clinical diagnostics market are seeking to maintain their position in the market owing to intense competition. Some of the renowned participants in this market are Beckman Coulter Inc, Bio-Rad Laboratories Inc, Eppendor, Caliper Life Sciences, Abott Diagnostics, Siemens Healthcare, Roche Diagnostics and others.