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This article discusses the growth of the lab automation market, which is projected to reach $11.31 billion by 2031. The use of automated systems, instruments, and software in laboratory processes is becoming increasingly popular due to its ability to enhance efficiency and accuracy. Factors such as increasing R&D expenditure, demand for automated labs, and government initiatives are driving the market’s growth. However, challenges such as high costs and data security concerns are hindering its growth. One potential opportunity for the market is the adoption of Artificial Intelligence (AI) in laboratory automation.
