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The lab automation market is expected to grow from an estimated USD 4.3 billion in 2020 to USD 5.5 billion by 2025, at a CAGR of 5.2% during the forecast period. With the increasing investment in research by pharmaceutical companies, there are high growth prospects for lab automation market during the forecast period.

A few major players that have a wide regional presence dominate the Lab Automation market. The leading players in the Lab Automation market include Thermo Fisher Scientific (US), Agilent Technologies (US), PerkinElmer Inc. (US), Tecan Group (Switzerland), and Danaher Corporation (US).