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Lab Automation Market

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Lab Automation MarketLab Automation Market

Benzinga has projected massive growth in the lab automation market over the next few years:

The global laboratory automation market size was valued at $13.3 billion USD in 2022. Recent forecasts project a readjusted size of $20 billion USD by 2029. Interestingly, they note that “North America is the largest producer of lab automation, holds a share over 46%…” In these reports, Task Targeted Automation (TTA), Laboratory Automation (TLA) and Separate Automation Equipment are the main types of lab automation they write about.

Read more about the projected market growth.

MedGadget has projected similar but lesser growth:

They estimate the global lab automation market to be valued at $ 4.9 billion USD in 2021 and expect growth forecast for 2030 at a value of $7.2 billion USD. The difference may be in their respective definition of the market, “our report focuses on the scientific advancements made in the Lab Automation market, as well as in-depth analysis of the supply chain.” Regardless of the differences in the market numbers, “The Lab Automation market offers promising opportunities and notable trends.”

Read more about other market growth forecasts.

Comp Pro Med’s Polytech is a part of the lab automation market. Laboratory Information Systems are integral software. They connect lab analyzers and  instruments to EMR, EHR, and other aspects of the lab. Learn More about Polytech.

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About Comp Pro Med

Since 1983, Comp Pro Med has been solely focused on developing a world class, customer-centric LIS. Polytech, Comp Pro Med’s laboratory information system, expedites patient record processes, interfaces seamlessly with any application or instrument, automates data collection and reporting – all with zero downtime, and all in compliance with state and federal regulations.

Comp Pro Med has deep experience in providing LIS solutions for labs and hospitals of all sizes, ranging from small individual clinics to networks of medical facilities at the governmental level. Our focused customer-driven approach combines our state-of-the-art feature-rich Polytech clinical laboratory information system with superior support from seasoned system engineers.

Our expertise includes not only continuous development of the Polytech LIS to incorporate the latest technology and regulatory requirements, but also direct interfaces that seamlessly connect your LIS with analyzers, instruments and other systems such as reference laboratories, HIS, EMR, EHR, billing and practice management systems.