Expanding at a CAGR of 8.88%, India laboratory automation market is set to reach a value of USD 139.25 million by 2029.
The rising usage of robotic systems and automated workflows in laboratories to improve efficiency and accuracy is a major factor driving the growth of the India laboratory automation market. Also, the requirement for faster and more exact results is driving an increase in demand for high-throughput screening and sample processing solutions. Further, there is a growing emphasis on incorporating modern technologies such as artificial intelligence and machine learning into laboratory automation, allowing for data-driven decision-making and predictive analytics. To accommodate varied laboratory procedures, there is a shift towards modular and scalable automation solutions. There is an increase in the use of cloud-based laboratory information management systems for data storage, analysis, and collaboration.
India laboratory automation market – Overview:
The use of modern technologies and robots to streamline and improve the efficiency of laboratory operations and workflows is referred to as laboratory automation. It entails combining instruments, software, and robotic systems to automate operations like sample preparation, analysis, and data administration. The goal of laboratory automation is to eliminate human error, boost productivity, and improve the accuracy and repeatability of results. It allows scientists and researchers to handle bigger volumes of samples with greater precision, perform difficult experiments with greater precision, and expedite the pace of scientific discovery. Laboratory automation frees up crucial time for scientists to focus on data analysis and interpretation by automating mundane processes.
Impact of Covid-19 on India laboratory automation market
The Covid-19 pandemic significantly impacted India laboratory automation market, ushering in a new era of technological advancements and growth. With the urgent need for efficient and high-throughput testing capabilities, laboratories across the country have increasingly adopted automation solutions. Automated systems, robotic platforms, and artificial intelligence-driven processes have revolutionized sample processing, analysis, and data management, improving accuracy, speed, and scalability. The pandemic has acted as a catalyst, driving investments in laboratory automation technologies, enabling faster testing, reducing human error, and enhancing overall laboratory efficiency. As India continues its fight against the virus, the laboratory automation market is poised for further expansion and innovation in the post-pandemic era. Ocean