Latin America Laboratory Automation Market Outlook
Laboratory automation stands for the utilization of a wide range of software, devices, and processes to minimize human intervention in lab procedures. It is mainly used for improving the efficiency of laboratory operations by automating various steps, including sorting, storing, decapping, retrieval, centrifugation, etc., with the help of robots, conveyors, machine vision technologies, etc.
This assists in decreasing turnaround time, eliminating human errors, reducing costs, etc. As a result, laboratory automation finds extensive applications in diagnostic laboratories, biotechnology and pharmaceutical companies, research institutes, etc.
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Latin America Laboratory Automation Market Trends:
The escalating adoption of international medical standards for disease diagnosis is one of the primary factors driving the Latin America laboratory automation market. Moreover, these solutions are also used to maintain database management tools, patient test records, integrated workflow management systems, etc. Continuous improvements in laboratory informatics and automated data management solutions are further providing a thrust to the market growth.
Additionally, laboratory automation systems are also gaining popularity for enhancing the productivity of the drug discovery process as they can operate for long durations with minimal monitoring and instruction. Apart from this, the ability of laboratory automation to minimize labor costs and chances of errors by reducing manual work is further expected to catalyze the market growth in Latin America over the forecasted period. Looking forward, the Latin America laboratory automation market growth is expected to continue its moderate growth during the forecast period (2021-2026).
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Key Market Segmentation:
The report has categorized the market based on type, equipment and software type, and end user.
Breakup by Type:
- Modular Automation
- Whole Lab Automation
Breakup by Equipment and Software Type:
- Automated Clinical Laboratory Systems
- Workstations
- LIMS (Laboratory Information Management Systems)
- Sample Transport Systems
- Specimen Handling Systems
- Storage Retrieval Systems
- Automated Drug Discovery Laboratory Systems
- Plate Readers
- Automated Liquid Handling Systems
- LIMS (Laboratory Information Management Systems)
- Robotic Systems
- Storage Retrieval Systems
- Dissolution Testing Systems
Breakup by End User:
- Biotechnology and Pharmaceutical Companies
- Hospitals and Diagnostic Laboratories
- Research and Academic Institutes
Breakup by Country:
- Brazil
- Mexico
- Argentina
- Columbia
- Chile
- Peru
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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