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Lab Automation Market Growth Factors, Size, Share, Trends, Industry Analysis, Advance Technology And Forecast 12-03-2024 09:12 PM CET | Health & Medicine Press release from: ABNewswire The laboratory automation industry is expected to grow significantly in the near future, as the demand for automated processes and technologies in the laboratory setting increases. Automated systems are becoming increasingly popular in medical and researc Browse 288 market data Tables and 48 Figures spread through 315 Pages and in-depth TOC on "Lab Automation Market by Product (Robotic Arm, Microplate Readers, Workstation, LIMS, ELN), Application (Drug Discovery, Diagnostics, Genomics, Proteomics, Microbiology), End-User (Pharma, Diagnolab, Forensics, Environmental) - Global Forecast to 2028 Lab Automation Market [ https://www.marketsandmarkets.com/Market-Reports/lab-automation-market-1158.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=paidpr ] in terms of revenue was estimated to be worth $5.1 billion in 2022 and is poised to reach $7.1 Billion by 2028, growing at a CAGR of 5.8% from 2022 to 2028 according to a new report by MarketsandMarkets Trademark . Factors such as increasing spending on pharmaceutical R&D, growing food safety concerns, and stringent regulatory control in healthcare are expected to propel the growth of this market. However, the slow adoption of lab automation by small and medium-sized laboratories and the long gestation period for workflow implementation are expected to restrain the market growth. Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1158 [ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1158&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=paidpr ] Software segment to register significant growth rate over the forecast period of 2022-2028 Based on the product type, the lab automation is segmented into automated workstations, off the shelf automated workcells, robotic system, automated storage and retrieval systems tables and other lab automation. Software segment to register significant growth rate over the forecast period of 2022-2028. Robots can carry out repetitive operations like labeling by hand and handling microplates, while motorised pipettes and syringes can handle liquid handling. Additionally, lab automation software can help you save time by making it simple to standardise and manage your workflow. This is expected to drive the growth of the segment. Drug Discovery segment accounted for the largest share of the lab automation in 2022-2028 Based on application, the lab automation is segmented into drug discovery, diagnostics, genomics solutions, proteomics solutions, microbiology, other applications. The drug discovery application segment is estimated to hold the largest market share of the lab automation market during the forecast period. This segment held a share of 38.3% in 2021. The large share of this segment can be attributed to the increasing investments by pharmaceutical and biotechnology companies. Biotechnology & pharmaceutical companies' segment to register for the highest growth rate of the lab automation in 2022-2028 The major end users in the lab automation market are hospital & diagnostic laboratories, biotechnology & pharmaceutical companies, research & academic institutes, forensic laboratories, environmental & testing laboratories, and the food & beverage industry. Biotechnology & pharmaceutical companies are expected to dominate the market during the forecast period. The large share of this end-user segment can be attributed to the increasing R&D activities in the area of drug development and the focus on extending pharma-biotech product pipelines. Europe to register a significant growth in the market during the forecast period In 2022, Europe is expected to register a significant growth in the market during the forecast period. Europe comprises the Germany, France, UK, Italy, Spain, ROE. The presence of emerging economies such as Germany and France and the increasing healthcare investments by governmental and non-governmental fundings are the major factors supporting the growth of the Europe lab automation market. Request for FREE Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1158 [ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1158&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=paidpr ] Lab Automation Market Dynamics: Drivers: * Technological advancements and increasing R&D investments * Growing demand for process automation for food safety * Standardization of workflows * Stringent regulatory control in healthcare industry Restraints: * Slow adoption of automation by small and medium-sized laboratories * Long gestation period for workflow implementation Opportunities: * Improving healthcare infrastructure across emerging countries * Growth in pharmaceutical and biotechnology industries Challenges: * Limited feasibility with technology integration in analytical labs * Availability of refurbished lab automation equipment Key Market Players: As of 2022, prominent players in the lab automation are Thermo Fisher Scientific (US), Tecan Group (Switzerland), Danaher Corporation (US), Agilent Technologies (US), F. Hoffmann-La Roche (Switzerland) Becton, Dickinson and Company (US), and Waters Corporation (US), among others. Recent Developments * In January 2023, Agilent Technologies, acquired Avida Biomed, an early-stage life science firm that creates high-performance target-enrichment procedures with distinctive features for clinical researchers using next-generation sequencing methods to investigate cancer. * In November 2022, F. Hoffmann-La Roche Ltd. collaborated with PathAI for artificial intelligence-based digital pathology applications for improved patient care. * In November 2022, PerkinElmer launched ready-to-use adeno-associated virus vector (AAV) detection kits to support researchers working on gene therapies. * In August 2021, Becton Dickinson AG launched a fully automated high-throughput molecular diagnostic platform for laboratories in the US. Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1158 [ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1158&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=paidpr ] Lab Automation Market Advantages: * Increased Productivity: Lab automation technology helps increase productivity by streamlining processes, reducing manual steps, and automating repetitive tasks. This saves time and money for laboratory personnel and allows them to focus on more important tasks. * Improved Accuracy: Automation eliminates manual errors, ensuring that results are more accurate and reliable. This eliminates the need for costly re-runs or retesting and helps to ensure that the data collected is of the highest quality. * Cost Savings: Automation reduces costs associated with laboratory operation, such as personnel costs, material costs, and equipment costs. This can lead to decreased overhead and increased profitability. * Enhanced Safety: Automation reduces the need for hazardous materials handling and minimizes the risk of accidents in the laboratory. This can help to reduce the costs associated with workplace injuries. * Improved Flexibility: Automation can help to improve the flexibility of laboratory operations. Automated systems can be easily modified for different applications, allowing laboratories to adjust their operations quickly and efficiently. Lab Automation Market - Report Highlights * In this report, lab automation is considered, along with tables and accessories, used for healthcare applications in hospitals. In this version of the report, two new segments are added- application-for a better and deeper understanding of the market. * The study consists of the average selling price (ASP) analysis for different products in the lab automation market. * The research study comprises the patent analysis of technologies/solutions used in the lab automation market. * The new market study consists of the trends/disruptions impacting customers' businesses. * The new market study consists of information on key conferences & events in 2020-2022. * The new market study consists of the region-wise regulatory landscape. * The new market study consists of Porter's Five Forces Analysis * The new market study provides details of the strategies of the top 15 players operating in the market. * The competitive landscape chapter has been updated with the market evaluation matrix. The competitive landscape also includes the market share analysis of major global players (as of 2021), updated competitive leadership mapping, and competitive situations and trends. * The new market study comprises 25 players. These companies have emerged as key market players in recent years due to their products and various strategic investments undertaken in the lab automation market space. * Updated financial information/product portfolio of players: The new edition of the report provides updated financial information in the context of the lab automation market from 2022 to January 2023 (depending on availability) for each listed company in graphical representation. * Updated market developments of profiled players: The current report includes the market developments from January 2020 to January 2023 Media Contact Company Name: MarketsandMarkets Trademark Research Private Ltd. Contact Person: Mr. Rohan Salgarkar Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=lab-automation-market-growth-factors-size-share-trends-industry-analysis-advance-technology-and-forecast ] Phone: 18886006441 Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445 City: Florida State: Florida Country: United States Website: https://www.marketsandmarkets.com/Market-Reports/lab-automation-market-1158.html This release was published on openPR.14 Cars Getting A Redesign In 2025
A Connecticut couple is accused of running an elaborate theft ring at Lululemon stores in multiple states, stealing nearly a million dollars from the company. Jadion Anthony Richards and Akwele Nickeisha Lawes-Richards are both charged with organized retail theft under a Minnesota law signed by Gov. Tim Walz only last year. The case comes as retailers say the tide is gradually turning on what had been described as an epidemic of shoplifting . Richards, Lawes-Richards and a third unidentified person worked together at Lululemon stores in Roseville and Woodbury, Minnesota, to walk away with thousands of dollars in merchandise, according to the criminal complaint. Police say more than US$50,000 in Lululemon goods were found in suitcases left behind in the suspects’ hotel room in Bloomington. “The total loss to Lululemon with Richards, Lawes-Richards and their group (the company) identified so far is closer to US$1,000,000,” court documents say. Investigators say Richards would make a small purchase, get a receipt, and then return to the sales floor, meeting up with Lawes-Richards and the other accomplice, who entered separately. Richards and Lawes-Richards would then remove a sensor from an item on the sales floor and put it onto an item Richards had just purchased. Jadion Anthony Richards, left, and Akwele Nickeisha Lawes-Richards are accused of shoplifting items from Lululemon stores in multiple states and then exchanging them for cash. (Ramsey County Sheriff's Office via CNN Newsource) They would then allegedly stuff thousands of dollars in Lululemon merchandise into Lawes-Richards’ clothing, then all leave together. When the store’s theft alarm would beep, the complaint says, Richards pretended to believe he had set off the alarm: While staff inspected his purchased item and removed the sensor the alleged thieves placed on it, the two accomplices walked out of the store with the stolen goods. Lululemon employees didn’t stop them, believing Richards’ purchased items had set the sensors off. Richards was released last week on US$100,000 bond. Lawes-Richards is free on US$30,000 bond. Both were ordered to appear in court on December 16. Both suspects face a maximum sentence of 15 years in prison, a US$35,000 fine, or both, if convicted, according to the charging documents. Richards and Lawes-Richards were both assigned public defenders. Requests for comment from CNN to their attorneys were not immediately returned Monday. The criminal complaint says both denied committing any theft when first confronted by police. They have not entered pleas. Suspects monitored by company for months The police were assisted by “an organized retail crime investigator for Lululemon,” court documents say, indicating the company had been following the couple for months across stores in Minnesota, Colorado and Utah. The company told investigators they would cash in after returning to Connecticut and New York, allegedly using a series of complicated exchanges at Lululemon stores to get cash for stolen merchandise. “We are deeply committed to creating a safe and secure environment for our people and guests,” Lululemon asset protection vice president Tristen Shields said in a statement. “This outcome continues to underscore our ongoing collaboration with law enforcement and our investments in advanced technology, team training and investigative capabilities to combat retail crime and hold offenders accountable.” High-profile cases of retail theft in recent years have prompted both lawmakers to crack down with tougher penalties and retailers to ramp up their efforts to investigate thefts on their own. In May, CNN reported a Home Depot theft ring was discovered with the help of a monthslong investigation by the corporation’s internal security force, ending in a SWAT raid on a home where US$150,000 in stolen goods were found. The Ramsey County Attorney’s Office says this is the first case they are prosecuting under Minnesota’s new organized retail theft law, according to a statement provided to CNN affiliate KARE . “We will do everything in our power to hold these defendants accountable and continue to work with our law enforcement partners and retail merchants to put a stop to retail theft in our community,” the county attorney’s office said.By Aldgra Fredly Contributing Writer The Wright Patterson Air Force Base in Ohio temporarily closed its airspace on Friday after drone activity was detected in the area, a base spokesperson said on Sunday. Bob Purtiman, public affairs director for 88th Air Base Wing, told media outlets that the airspace was blocked after small unmanned aerial systems were spotted flying over the air base late Friday and early Saturday. Purtiman said installation leadership determined that none of the incursions impacted base residents, facilities, or assets. He told defense industry news outlet The War Zone that the drones ranged in size and configuration, without elaborating further. It was not immediately clear where the drones came from. The air base issued a Notice to Air Missions to announce the airspace closure after the drones were detected. The airspace has since been reopened. Purtiman said that the 88th Air Base Wing, the host unit for Wright Patterson Air Force Base, was working with local authorities in Ohio to ensure the safety of base personnel, facilities and assets. “The Air Force is taking all appropriate measures to safeguard our installations and residents,” he said. Located northeast of Dayton, Ohio, the Wright Patterson Air Force Base is home to Air Force Material Command, which conducts research, testing and evaluation, and provides acquisition management services and logistics support “necessary to keep Air Force weapon systems ready for war,” according to its website. The base also hosts the Air Force research laboratory and the National Air and Space Intelligence Center, which serves as the primary source of the U.S. Defense Department for “foreign air and space threats.” The incident occurred amid reports of unidentified drone-like objects flying over parts of New Jersey, New York and California. Alejandro Mayorkas, secretary of the Department of Homeland Security, said the federal government will take action to address concerns but signaled that officials don’t have the authority to shoot them down. “I want to assure the American public that we in the federal government have deployed additional resources, personnel, technology to assist the New Jersey State Police in addressing the drone sightings,” he told ABC News’ “This Week” anchor George Stephanopoulos on Sunday. Mayorkas said the sightings are “in fact” of drones, but some are “manned aircraft that are commonly mistaken for drones,” echoing previous statements made by the FBI and the White House. He did not provide further details. He stated that the U.S. government is limited in its authority to take down a drone, noting that more than 8,000 drones are flown across the country each day. Jack Phillips contributed to this report.Australia to delay 2035 climate target as Trump disrupts global action