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Share this article Share this article ResearchAndMarkets.com s offering. The author suggests that the global laboratory automation market is predicted to display growth at a CAGR of 5.14% over the assessed period 2021-2028. Factors such as better than non-automated laboratories, the advancement of laboratory systems, and the surge in R&D sectors, are majorly driving the progress of the studied market. Additionally, growth in investments in pharma and biotech companies and demand for high accuracy with less turnaround period, are factors generating multiple opportunities for the laboratory automation market. However, physical constraints, costly setup processes, and technology integration challenges negatively impact the market s future growth.

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