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The global laboratory robotics market is projected to reach a value of US$ 527.56 million by 2031, with a CAGR of 6.9% during the forecast period 2023-2031. This growth is driven by advancements in technology, increasing adoption of automation in laboratories, and the need for high-throughput screening and precision in research and development processes. Laboratory robotics streamline workflows and enable researchers to focus on data interpretation and decision-making. The market is segmented by product type, application, end user, and region, with key players including Thermo Fisher Scientific Inc., Danaher Corporation, and Tecan Group Ltd.