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REPORT SCOPE & OVERVIEW

The Lab Automation Market size was estimated USD 5.74 billion in 2023 and is expected to reach USD 9.14 billion by 2031 at a CAGR of 6.19% during the forecast period of 2024-2031. 

Combining automated technologies in the lab to enable new and better processes is known as la automation. It is a tactic used to investigate, create, improve, and profit from technologies in the lab. It is specifically employed to automate laboratory procedures that require little human involvement and to get rid of human mistake. In order to provide tests and diagnoses that are more efficient, lab automation is implemented.

Lab Automation Market Revenue Analysis

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MARKET DYNAMICS

DRIVERS

  • Growing adoption of automated workstations

  • Technological advancements and growing R&D investments

The preclinical and clinical testing sectors of the pharmaceutical and biotechnology industries are under immense pressure to comply with stringent regulatory standards. Before putting new medications on the market, businesses must adhere to regulatory requirements. One of the regulatory requirements for the pharmaceutical and biotech sectors is documentation and audit trails, from research and development and testing to Procession and quality control. Regulations and policies pertaining to acceptable labeling and advertising must also be taken into consideration. A compelling argument in favor of automation, which can both accomplish regulatory compliance and ensure that procedures are streamlined, is the time-consuming and labor-intensive nature of assuring compliance at every stage of the process.

RESTRAIN 

  • Diagnostic and other laboratories are just slowly automating their processes.

Small and medium-sized laboratories may be restrained by budgetary restrictions. They might also discover that using lab automation in their lab is advantageous. The high maintenance and service expenses related to laboratory informatics systems also put companies on the back foot if they start using automation in their lab. Budget restrictions, a lack of willingness to take risks, and a dearth of data on the cost-effectiveness of automation solutions for small and medium-sized laboratories are limiting the growth of the market.

OPPORTUNITY 

  • Improvements of healthcare infrastructure in emerging nations

The expansion of public and private investment in R&D can be attributed to the expansion of healthcare infrastructure in emerging markets. During the forecast period, producers of lab automation Processs can expect growth possibilities in emerging markets. For example:  In China, the number of hospitals is expected to rise to 36,591 by 2022, up from 21,617 in the previous ten years. As of the year 2022. in China, the region with the highest number of hospitals was Shandong Province, with 2,863 hospitals. The province of Sichuan has 2,513 hospitals.

CHALLENGES

  • Availability of refurbished lab automation equipment

The availability of refurbished lab automation is regarded as a significant challenge to this market's growth. There are several businesses on the market that provide reconditioned lab automation solutions, including DRE Medical, Inc., Future Health Concepts, and Soma Technology, Inc. Because healthcare expenditure has decreased in several of the world's main healthcare markets, some end users are currently choosing cost effective systems. End users favor cost-effective technologies in emerging nations, which are seen as having price-sensitive marketplaces. Due to the fact that these systems provide comparable functionality to new equipment but at a lower price, the market for used lab automation is anticipated to rise in the upcoming years. As a result, it is anticipated that businesses selling branded lab automation solutions on the market will experience revenue challenges.

IMPACT OF RUSSIAN UKRAINE WAR

Around the world, negative effects are anticipated, particularly in Eastern Europe, the European Union, Eastern & Central Asia, and the United States. This claim has significantly disrupted trade dynamics and had a negative impact on people's lives and means of subsistence. It is anticipated that the ongoing conflict and unpredictability in Eastern Europe will negatively affect Ukraine and have severe, long-lasting impacts on Russia. The consequences for demand-supply balances, pressure on pricing variances, influence on import/export and trading, and short-term advice to the global lab automation market are revealed in the research while taking into account the most recent information on the dispute and the responses from around the world.

IMPACT OF ONGOING RECESSION

Governments and healthcare providers are facing hitherto unheard-of hurdles as a result of the COVID-19 pandemic. Regulatory authorities have used focused strategies to bring diagnostic devices to market more quickly. These include adjustments to the current reimbursement frameworks, the implementation of faster regulatory procedures, and the introduction of emergency approvals. Additionally, governments have moved quickly to establish a legislative framework that supports the use of telehealth technologies. This has positively impacted the accessibility of diagnostic tests and the ability to receive reimbursement, for instance, for digital health solutions like telemedicine in nations like China, the U.S., and Germany.

KEY SEGMENTS

By Process

  • Continuous Flow

    • By Workflow

      • Sequential Processing

      • Parallel Processing

    • By Components

      • Consumables

      • Equipment

  • Discrete Processing

    • By Method

      • Centrifugal Discrete Processing

      • Random Access Discrete Processing

    • By Components

      • Consumables

      • Equipment

    • By Workflow

      • Dependent Analysis

      • Independent Analysis

In 2022, continuous flow segment is expected to held the highest market share of 56.8% in during the forecast period due to the rising usage of continuous flow in laboratories for the provision of high-quality services and the increased need for continuous flow systems in industries. In addition, continuous flow is one of the most popular procedures and is appropriate when a lot of samples need to be analyzed.

 By Automation Type

  • Total Automation Systems

    • By Steps

      • Pre-analysis

        • Centrifugation

        • Sample Preparation

        • Sample Sorting

      • Transport Mechanisms

      • Liquid Handling

      • Sample Storage

      • Sample Analysis

  • Modular Automation Systems

    • By Steps

      • Specimen Acquisition & Identification & Labelling

      • Transport Mechanisms

      • Sample Preparation

      • Sample Loading & Aspiration

      • Reagent Handling & Storage

      • Sample Analysis & Measurements

In 2022, modular automation systems segment is expected to dominate the market share of 51.7% during the forecast period due to the mix-and-match and flexibility features provided by modular automation systems are responsible for the segment's greatest revenue share.  The increasing use of modular systems by end users is also another aspect promoting market expansion. These types of systems are appropriate for laboratories that require automation for particular procedures.

By End User

  • Photometry & Fluorometry

  • Immunoassay Analysis

  • Electrolyte Analysis

  • Clinical Chemistry Analysis

  • Other end-user

Lab Automation Market Segmentation Analysis

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In 2022, the clinical chemistry analysis segment is expected to dominate the market growth of 27.3% during the forecast period due to factors such as technological advancements, increasing demand for automation in clinical chemistry labs for sample handling, storage, and labeling as well as growing preference for automated laboratory instruments are factors in the greatest market share.

REGIONAL COVERAGE

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

REGIONAL ANALYSES

North America held a significant market share growing with a CAGR of 35.9% in 2022 due to the presence of a well-established healthcare framework and the significant need for automation systems in laboratories because of their speed, consistency, and precision. Rising demand for integrated laboratory systems and government policies that promote research are further factors driving the market.

Asia-Pacific is witness to expand fastest CAGR rate of 8.6% during the forecast period due to the rising number of small and middle-sized laboratories in the area and the rising investments made by regional market leaders to introduce novel systems. Another aspect promoting the growth of the regional industry is the supportive government regulations for lab automation.

Key Players

The major key players are QIAGEN, PerkinElmer Inc., Thermo Fisher Scientific, Inc., Siemens Healthcare GmbH, Danaher, Agilent Technologies, Inc., Eppendorf SE, Hudson Robotics, Aurora Biomed Inc., BMG LABTECH GmbH, Tecan Trading AG, Hamilton Company, F. Hoffmann-La Roche Ltd, and Others.

PerkinElmer Inc-Company Financial Analysis

Company Landscape Analysis

RECENT DEVELOPMENT

F. Hoffmann-La Roche Ltd, in November 2022 PathA and F. Hoffmann-La Roche Ltd. worked together to develop digital pathology apps based on artificial intelligence for better patient care.

PerkinElmer, in November 2022, Adeno-associated viral vector (AAV) detection kits that are ready to use have been made available by PerkinElmer to assist gene therapy researchers.

Lab Automation Market Report Scope:
Report Attributes Details
Market Size in 2023  US$ 5.74 Billion
Market Size by 2031  US$ 9.14 Billion
CAGR   CAGR of 6.19% From 2024 to 2031
Base Year 2023
Forecast Period  2024-2031
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Process (Continuous Flow, Discrete Processing)
• By Automation Type (Total Automation Systems, Modular Automation Systems)
• By End User (Photometry & Fluorometry, Immunoassay Analysis, Electrolyte Analysis, Clinical Chemistry Analysis, Other end-user)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles QIAGEN, PerkinElmer Inc., Thermo Fisher Scientific, Inc., Siemens Healthcare GmbH, Danaher, Agilent Technologies, Inc., Eppendorf SE, Hudson Robotics, Aurora Biomed Inc., BMG LABTECH GmbH, Tecan Trading AG, Hamilton Company, F. Hoffmann-La Roche Ltd
Key Drivers • Growing adoption of automated workstations
• Technological advancements and growing R&D investments
Market Challenges • Availability of refurbished lab automation equipment

 

Frequently Asked Questions

Ans: The Lab Automation Market is expected to grow at 6.1% CAGR from 2023 to 2030.

Ans: According to our analysis, the Lab Automation Market is anticipated to reach USD 8.3 billion By 2030.

Ans: The leading participants are QIAGEN, PerkinElmer Inc., Thermo Fisher Scientific, Inc., Siemens Healthcare GmbH, Danaher, Agilent Technologies, Inc., Eppendorf SE, Hudson Robotics, Aurora Biomed Inc., BMG LABTECH GmbH, Tecan Trading AG, Hamilton Company, F. Hoffmann-La Roche Ltd, and Others.

Ans: Factors such as the increasing demand for integrated laboratory systems and supportive government legislation for research and the increasing range of applications for lab automation.

Ans: Yes, you may request customization based on your company's needs.

TABLE OF CONTENT

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Lab Automation Market Segmentation, by Process
8.1 Continuous Flow
8.1.1 By Workflow
8.1.1.1 Sequential Processing
8.1.1.2 Parallel Processing
8.1.2 By Components
8.2.1 Consumables
8.2.2 Equipment
8.2 Discrete Processing
8.2.1 By Method
8.2.1.1 Centrifugal Discrete Processing
8.2.1.2 Random Access Discrete Processing
8.2.2 By Components
8.2.2.1 Consumables
8.2.2.2 Equipment
8.2.3 By Workflow
8.2.3.1 Dependent Analysis
8.2.3.2 Independent Analysis

9. Lab Automation Market Segmentation, by Automation Type
9.1 Total Automation Systems
9.1.1 By Steps
9.1.1.1 Pre-analysis
9.1.1.1.1 Centrifugation
9.1.1.1.2 Sample Preparation
9.1.1.1.3 Sample Sorting
9.1.2 Transport Mechanisms
9.1.3 Liquid Handling
9.1.4 Sample Storage
9.1.5 Sample Analysis
9.2 Modular Automation Systems
9.2.1 By Steps
9.2.1.1 Specimen Acquisition & Identification & Labelling
9.2.1.2 Transport Mechanisms
9.2.1.3 Sample Preparation
9.2.1.4 Sample Loading & Aspiration
9.2.1.5 Reagent Handling & Storage
9.2.1.6 Sample Analysis & Measurements

10. Lab Automation Market, By End User
10.1 Photometry & Fluorometry
10.2 Immunoassay Analysis
10.3 Electrolyte Analysis
10.4 Clinical Chemistry Analysis
10.5 Other end-user

11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Lab Automation Market by country
11.2.2North America Lab Automation Market by Process
11.2.3 North America Lab Automation Market by Automation Type
11.2.4 North America Lab Automation Market by End User
11.2.5 USA
11.2.5.1 USA Lab Automation Market by Process
11.2.5.2 USA Lab Automation Market by Automation Type
11.2.5.3 USA Lab Automation Market by End User
11.2.6 Canada
11.2.6.1 Canada Lab Automation Market by Process
11.2.6.2 Canada Lab Automation Market by Automation Type
11.2.6.3 Canada Lab Automation Market by End User
11.2.7 Mexico
11.2.7.1 Mexico Lab Automation Market by Process
11.2.7.2 Mexico Lab Automation Market by Automation Type
11.2.7.3 Mexico Lab Automation Market by End User
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Lab Automation Market by country
11.3.1.2 Eastern Europe Lab Automation Market by Process
11.3.1.3 Eastern Europe Lab Automation Market by Automation Type
11.3.1.4 Eastern Europe Lab Automation Market by End User
11.3.1.5 Poland
11.3.1.5.1 Poland Lab Automation Market by Process
11.3.1.5.2 Poland Lab Automation Market by Automation Type
11.3.1.5.3 Poland Lab Automation Market by End User
11.3.1.6 Romania
11.3.1.6.1 Romania Lab Automation Market by Process
11.3.1.6.2 Romania Lab Automation Market by Automation Type
11.3.1.6.3 Romania Lab Automation Market by End User
11.3.1.7 Turkey
11.3.1.7.1 Turkey Lab Automation Market by Process
11.3.1.7.2 Turkey Lab Automation Market by Automation Type
11.3.1.7.3 Turkey Lab Automation Market by End User
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Lab Automation Market by Process
11.3.1.8.2 Rest of Eastern Europe Lab Automation Market by Automation Type
11.3.1.8.3 Rest of Eastern Europe Lab Automation Market by End User
11.3.2 Western Europe
11.3.2.1 Western Europe Lab Automation Market by Process
11.3.2.2 Western Europe Lab Automation Market by Automation Type
11.3.2.3 Western Europe Lab Automation Market by End User
11.3.2.4 Germany
11.3.2.4.1 Germany Lab Automation Market by Process
11.3.2.4.2 Germany Lab Automation Market by Automation Type
11.3.2.4.3 Germany Lab Automation Market by End User
11.3.2.5 France
11.3.2.5.1 France Lab Automation Market by Process
11.3.2.5.2 France Lab Automation Market by Automation Type
11.3.2.5.3 France Lab Automation Market by End User
11.3.2.6 UK
11.3.2.6.1 UK Lab Automation Market by Process
11.3.2.6.2 UK Lab Automation Market by Automation Type
11.3.2.6.3 UK Lab Automation Market by End User
11.3.2.7 Italy
11.3.2.7.1 Italy Lab Automation Market by Process
11.3.2.7.2 Italy Lab Automation Market by Automation Type
11.3.2.7.3 Italy Lab Automation Market by End User
11.3.2.8 Spain
11.3.2.8.1 Spain Lab Automation Market by Process
11.3.2.8.2 Spain Lab Automation Market by Automation Type
11.3.2.8.3 Spain Lab Automation Market by End User
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Lab Automation Market by Process
11.3.2.9.2 Netherlands Lab Automation Market by Automation Type
11.3.2.9.3 Netherlands Lab Automation Market by End User
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Lab Automation Market by Process
11.3.2.10.2 Switzerland Lab Automation Market by Automation Type
11.3.2.10.3 Switzerland Lab Automation Market by End User
11.3.2.11 Austria
11.3.2.11.1 Austria Lab Automation Market by Process
11.3.2.11.2 Austria Lab Automation Market by Automation Type
11.3.2.11.3 Austria Lab Automation Market by End User
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Lab Automation Market by Process
11.3.2.12.2 Rest of Western Europe Lab Automation Market by Automation Type
11.3.2.12.3 Rest of Western Europe Lab Automation Market by End User
11.4 Asia-Pacific
11.4.1 Asia-Pacific Lab Automation Market by country
11.4.2 Asia-Pacific Lab Automation Market by Process
11.4.3 Asia-Pacific Lab Automation Market by Automation Type
11.4.4 Asia-Pacific Lab Automation Market by End User
11.4.5 China
11.4.5.1 China Lab Automation Market by Process
11.4.5.2 China Lab Automation Market by Automation Type
11.4.5.3 China Lab Automation Market by End User
11.4.6 India
11.4.6.1 India Lab Automation Market by Process
11.4.6.2 India Lab Automation Market by Automation Type
11.4.6.3 India Lab Automation Market by End User
11.4.7 Japan
11.4.7.1 Japan Lab Automation Market by Process
11.4.7.2 Japan Lab Automation Market by Automation Type
11.4.7.3 Japan Lab Automation Market by End User
11.4.8 South Korea
11.4.8.1 South Korea Lab Automation Market by Process
11.4.8.2 South Korea Lab Automation Market by Automation Type
11.4.8.3 South Korea Lab Automation Market by End User
11.4.9 Vietnam
11.4.9.1 Vietnam Lab Automation Market by Process
11.4.9.2 Vietnam Lab Automation Market by Automation Type
11.4.9.3 Vietnam Lab Automation Market by End User
11.4.10 Singapore
11.4.10.1 Singapore Lab Automation Market by Process
11.4.10.2 Singapore Lab Automation Market by Automation Type
11.4.10.3 Singapore Lab Automation Market by End User
11.4.11 Australia
11.4.11.1 Australia Lab Automation Market by Process
11.4.11.2 Australia Lab Automation Market by Automation Type
11.4.11.3 Australia Lab Automation Market by End User
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Lab Automation Market by Process
11.4.12.2 Rest of Asia-Pacific Lab Automation Market by Automation Type
11.4.12.3 Rest of Asia-Pacific Lab Automation Market by End User
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Lab Automation Market by country
11.5.1.2 Middle East Lab Automation Market by Process
11.5.1.3 Middle East Lab Automation Market by Automation Type
11.5.1.4 Middle East Lab Automation Market by End User
11.5.1.5 UAE
11.5.1.5.1 UAE Lab Automation Market by Process
11.5.1.5.2 UAE Lab Automation Market by Automation Type
11.5.1.5.3 UAE Lab Automation Market by End User
11.5.1.6 Egypt
11.5.1.6.1 Egypt Lab Automation Market by Process
11.5.1.6.2 Egypt Lab Automation Market by Automation Type
11.5.1.6.3 Egypt Lab Automation Market by End User
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Lab Automation Market by Process
11.5.1.7.2 Saudi Arabia Lab Automation Market by Automation Type
11.5.1.7.3 Saudi Arabia Lab Automation Market by End User
11.5.1.8 Qatar
11.5.1.8.1 Qatar Lab Automation Market by Process
11.5.1.8.2 Qatar Lab Automation Market by Automation Type
11.5.1.8.3 Qatar Lab Automation Market by End User
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Lab Automation Market by Process
11.5.1.9.2 Rest of Middle East Lab Automation Market by Automation Type
11.5.1.9.3 Rest of Middle East Lab Automation Market by End User
11.5.2 Africa
11.5.2.1 Africa Lab Automation Market by country
11.5.2.2 Africa Lab Automation Market by Process
11.5.2.3 Africa Lab Automation Market by Automation Type
11.5.2.4 Africa Lab Automation Market by End User
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Lab Automation Market by Process
11.5.2.5.2 Nigeria Lab Automation Market by Automation Type
11.5.2.5.3 Nigeria Lab Automation Market by End User
11.5.2.6 South Africa
11.5.2.6.1 South Africa Lab Automation Market by Process
11.5.2.6.2 South Africa Lab Automation Market by Automation Type
11.5.2.6.3 South Africa Lab Automation Market by End User
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Lab Automation Market by Process
11.5.2.7.2 Rest of Africa Lab Automation Market by Automation Type
11.5.2.7.3 Rest of Africa Lab Automation Market by End User
11.6 Latin America
11.6.1 Latin America Lab Automation Market by country
11.6.2 Latin America Lab Automation Market by Process
11.6.3 Latin America Lab Automation Market by Automation Type
11.6.4 Latin America Lab Automation Market by End User
11.6.5 Brazil
11.6.5.1 Brazil Lab Automation Market by Process
11.6.5.2 Brazil Lab Automation Market by Automation Type
11.6.5.3 Brazil Lab Automation Market by End User
11.6.6 Argentina
11.6.6.1 Argentina Lab Automation Market by Process
11.6.6.2 Argentina Lab Automation Market by Automation Type
11.6.6.3 Argentina Lab Automation Market by End User
11.6.7 Colombia
11.6.7.1 Colombia Lab Automation Market by Process
11.6.7.2 Colombia Lab Automation Market by Automation Type
11.6.7.3 Colombia Lab Automation Market by End User
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Lab Automation Market by Process
11.6.8.2 Rest of Latin America Lab Automation Market by Automation Type
11.6.8.3 Rest of Latin America Lab Automation Market by End User

12. Company Profile
12.1 QIAGEN
12.1.1 Company Overview
12.1.2 Financials
12.1.3 Processs/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 PerkinElmer Inc.
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Processs/ Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Thermo Fisher Scientific, Inc.
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Processs/ Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Siemens Healthcare GmbH
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Processs/ Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Danaher
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Processs/ Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Agilent Technologies, Inc.
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Processs/ Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Eppendorf SE
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Processs/ Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Hudson Robotics
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Processs/ Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Aurora Biomed Inc.
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Processs/ Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 BMG LABTECH GmbH
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Processs/ Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Tecan Trading AG
12.11.1 Company Overview
12.11.2 Financials
12.11.3 Processs/ Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
12.12 Hamilton Company
12.12.1 Company Overview
12.12.2 Financials
12.12.3 Processs/ Services Offered
12.12.4 SWOT Analysis
12.12.5 The SNS View
12.13 F. Hoffmann-La Roche Ltd
12.12.1 Company Overview
12.12.2 Financials
12.12.3 Processs/ Services Offered
12.12.4 SWOT Analysis
12.12.5 The SNS View
12.14 Others
12.14.1 Company Overview
12.14.2 Financials
12.14.3 Processs/ Services Offered
12.14.4 SWOT Analysis
12.14.5 The SNS View

13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions

14. USE Cases and Best Practices

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

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