The Latin America laboratory automation market size reached USD 418.9 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 741.3 Million by 2033, exhibiting a growth rate (CAGR) of 6.22% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 418.9 Million |
Market Forecast in 2033
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USD 741.3 Million |
Market Growth Rate (2025-2033) | 6.22% |
Laboratory automation refers to the utilization of a broad range of devices, software, and processes for minimizing human intervention in lab processes. It is primarily used for improving the efficiency of the laboratory through the use of robots, conveyors, software, and machine vision technologies. Laboratory automation helps in saving time, reducing costs, eliminating human errors and improving the efficiency of experiments. In Latin America, various organizations are adopting laboratory automation solutions to improve productivity and mitigate the rise in costs associated with wastage.
The Latin America laboratory automation market is primarily driven by the growing adoption of international medical standards for disease diagnosis. Besides this, laboratory automation solutions are also used for maintaining patient test records, database management tools and integrated workflow management systems. The improvements and implementations of these informatics and automated data management solutions have significantly impacted the market growth. Furthermore, the utilization of automation systems has increased the productivity of the drug discovery process as it operates for long hours with minimal monitoring and instruction.
IMARC Group provides an analysis of the key trends in each segment of the Latin America laboratory automation market report, along with forecasts at the regional and country levels from 2025-2033. Our report has categorized the market based on type, equipment and software type, and end user.
Breakup by Type:
Breakup by Equipment and Software Type:
Breakup by End User:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Segment Coverage | Type, Equipment and Software Type, End User, Country |
Countries Covered | Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report: