Geographic Analysis Of Global Market:
Geographically, North America is expected to command the largest share of the global lab
automation market in 2017. The increasing adoption of lab automation systems,
implementation of the Affordable Care Act (ACA) in 2010 and economy stimulus programs such
as increased funds for the National Institutes of Health (NIH) and the National Science
Foundation (NSF), and increased R&D activities by biotechnology and pharmaceutical
companies are driving growth in the lab automation market in North America. On the other
hand, the APAC region is expected to register the highest CAGR during the forecast period. A
growing economy, increasing healthcare investments which lead to increased research
activities and adoption of automated systems in clinical diagnostics and drug discovery, large
population pool, improving public health awareness, and the rising demand for standardization
and accreditation in laboratory practices are key market drivers in Asia Pacific.
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