GCC Laboratory Automation Market

GCC Laboratory Automation Market Overview:

The GCC laboratory automation market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. The market is projected to register a CAGR of X% during 2023-2028, reaching US$ XX Billion by 2028. Laboratory automation, also known as lab automation, involves a set of devices or software to perform lab processes. It relies on equipment embedded with an interface mechanism to allow numerous instruments to communicate and transfer specimens amongst each other. This equipment comprises a track system, conveyor belts, circuit boards, programable robotic equipment, and control software. It can be differentiated into discrete analysis, single-channel analysis, multiple-channel analysis, autoanalyzer, closed automation, open automation, random access analysis, and assays. It provides numerous benefits, including lower test costs, quick processing, modularity, and decreased manual labor. Since it eases the interaction with hospital information systems (HIS) and laboratory information systems (LIS), laboratory automation is gaining immense traction across the GCC countries.

The GCC laboratory automation market is primarily driven by the rising number of medical centers with advanced laboratories and improving healthcare facilities. Moreover, the increasing popularity of laboratory automation due to its numerous advantages, such as accurate diagnosis, reliable results, higher productivity, smaller-volume reagents, staff safety, and reduced labor costs, is positively influencing the market growth. Additionally, these solutions help reduce waste and enhance overall lab productivity. In line with this, the increasing number of drug discoveries and ongoing clinical studies have catalyzed market growth. Besides this, numerous technological advancements in biomedical and pharmaceutical sectors, such as the surging adoption of modular laboratories, are propelling market growth. Furthermore, laboratory automation is essential for improving output, reducing cycle times for lab procedures, preventing human error, and enhancing experiment efficiency. In addition, the surging adoption of laboratory automation solutions by organizations to improve their work and maximize the efficacy of testing processes is contributing to market growth. Apart from this, the escalating demand for lab automation equipment in drug discovery and clinical diagnostics is another major growth-inducing factor. Other factors, including the aging population, rising prevalence of infectious diseases, increasing miniaturization of research processes, inflating healthcare costs, and advancements in lab automation technologies, are also anticipated to create a positive market outlook.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC laboratory automation market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC laboratory automation market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC laboratory automation market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC laboratory automation market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC laboratory automation market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC laboratory automation market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC laboratory automation market industry. Furthermore, the value chain analysis of the GCC laboratory automation market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Laboratory Automation Market Segment Insights:

The GCC laboratory automation market has been analysed as followed:

Segmentation by Type:

• Modular Automation
• Whole Lab Automation

Segmentation by Equipment and Software Type:

• Automated Clinical Laboratory Systems
• Automated Drug Discovery Laboratory Systems

Segmentation by End-User:

• Biotechnology and Pharmaceutical Companies
• Hospitals and Diagnostic Laboratories
• Research and Academic Institutes

Segmentation by Distribution Channel:

• Supermarkets
• Hypermarkets
• Discount Stores
• Convenience and Grocery Stores
• Organic Specialty Stores
• Online/E-Retailing
• Direct Sales
• Others

Segmentation by Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Laboratory Automation Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC laboratory automation market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.