Lab Automation: The Dramatic Impact of Drug Discovery
1999
Lab Automation and Drug Discovery
publication
Author Information
Author(s): Strategic Directions International
Primary Institution: Strategic Directions International
Conclusion
The lab automation market is expected to grow significantly, driven by the pharmaceutical industry's demand for efficient drug discovery methods.
Supporting Evidence
- Liquid handlers generated worldwide revenues of $465 million in 1998.
- Annual growth for liquid handlers is forecasted at 15% per year for the next 5 years.
- The pharmaceutical industry will continue to be the largest and fastest growing sector with demand expected to exceed $700 million by 2003.
- Cheminformatics software and integrated automation software are anticipated to grow at over 20% per year for the next 5 years.
Takeaway
Lab automation helps scientists do their work faster and more accurately, making it easier to discover new medicines.
Want to read the original?
Access the complete publication on the publisher's website