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North America Laboratory Automation Market Forecast 2021-2028

KEY FINDINGS
The North America laboratory automation market is anticipated to record a CAGR of 4.96%, during the forecast years of 2021 to 2028. The region's primary market growth drivers include, the established healthcare infrastructure, the growing adoption of laboratory adoption systems, and the presence of trained medical professionals.

MARKET INSIGHTS
The North America laboratory automation market growth is analyzed by assessing the United States and Canada. The swiftly growing trend of decentralization has diversified the possibility of testing beyond the conventional laboratory environment, in Canada. In addition to numerous private enterprises entering the sector, the country's clinical laboratory is also augmenting with the assistance of the Ministry of Health's funding. These developments are likely to bolster Canada's demand for laboratory automation, and fuel the region's market growth.
On the other hand, Canada's diagnostic testing income is predominantly generated by private, public, and hospital laboratories, as well as physicians' offices. Moreover, in the upcoming years, the country's private laboratories are anticipated to be integrated with hospitals, for clinical diagnostics. Numerous tests have also been outsourced from the United States laboratories, fostering lab operations in Canada. Likewise, the United States' demand is predicted to influence the Canadian market, optimistically. The growing deployment of novel technologies, like artificial intelligence and test automation, is also compelling the country's laboratories to adapt laboratory automation, especially on the grounds of funding pressures, and transitioning demographics. Hence, these factors are expected to promote the nation's market growth.

COMPETITIVE INSIGHTS
Some of the prominent companies operating in the market include, Danaher Corporation, Hudson Robotics, Thermo Fisher Scientific, Abbott Laboratories, etc.

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North America Laboratory Automation Market Forecast 2021-2028
Published By :Inkwood Research
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