Key Insights
The global lab automation in genomics market is experiencing robust growth, projected to reach $2.12 billion in 2025 and exhibiting a compound annual growth rate (CAGR) of 12.43% from 2025 to 2033. This expansion is fueled by several key factors. The increasing complexity of genomic research, coupled with the demand for higher throughput and faster turnaround times, is driving the adoption of automated solutions across various stages of the workflow, from sample preparation to data analysis. Advances in robotics, artificial intelligence, and machine learning are enabling the development of more sophisticated and efficient automation systems, further accelerating market growth. Furthermore, the rising prevalence of genetic disorders and the growing focus on personalized medicine are creating a strong demand for high-throughput genomic testing, significantly contributing to the market's expansion. The market is segmented by equipment type, encompassing automated liquid handlers, automated plate handlers, robotic arms, automated storage and retrieval systems (AS/RS), and vision systems. Major players like Becton Dickinson, Tecan, and Thermo Fisher Scientific are actively investing in R&D and strategic partnerships to enhance their product portfolios and market share.
The geographical distribution of the market shows strong growth potential across all major regions, with North America currently holding a significant share due to the presence of well-established research institutions and pharmaceutical companies. However, the Asia-Pacific region is expected to witness the fastest growth rate in the forecast period, driven by increasing investments in healthcare infrastructure, rising disposable incomes, and a growing awareness of genomic technologies. The European market is also experiencing substantial growth, fueled by advancements in genomic research and government initiatives promoting personalized medicine. While regulatory hurdles and high initial investment costs pose certain challenges, the long-term benefits of automation in terms of cost-effectiveness, improved accuracy, and enhanced efficiency are expected to outweigh these restraints, ensuring sustained market expansion over the forecast period.

Lab Automation in Genomics Industry: Market Report 2019-2033
This comprehensive report provides an in-depth analysis of the Lab Automation in Genomics Industry market, offering invaluable insights for industry professionals, investors, and strategic decision-makers. The study period covers 2019-2033, with a base year of 2025 and a forecast period of 2025-2033. The historical period analyzed is 2019-2024. The report analyzes the parent market (Laboratory Automation) and the child market (Genomics Lab Automation) providing a complete picture of market dynamics. The total market value in 2025 is estimated at $XX Billion.
Lab Automation in Genomics Industry Market Dynamics & Structure
The genomics lab automation market is experiencing significant growth, driven by technological advancements, increasing demand for high-throughput screening, and the rising prevalence of chronic diseases. The market is characterized by a moderately concentrated structure, with several key players holding significant market share. Market concentration is estimated at xx% in 2025, with the top 5 players holding approximately xx% of the market share. This report analyzes the competitive landscape, encompassing mergers and acquisitions (M&A) activities, technological innovation, regulatory frameworks, and the impact of substitute products.
- Market Concentration: Moderate, with key players holding significant market share. Top 5 players account for approximately xx% of the market in 2025.
- Technological Innovation: Rapid advancements in robotics, AI, and data analytics are driving market growth. However, high initial investment costs and integration complexities pose innovation barriers.
- Regulatory Framework: Stringent regulatory approvals and compliance requirements impact market entry and growth.
- Competitive Product Substitutes: Manual laboratory processes present a competitive threat, but the advantages of automation in terms of speed, accuracy, and efficiency are driving adoption.
- End-User Demographics: Pharmaceutical and biotechnology companies, academic research institutions, and diagnostic laboratories are the primary end users.
- M&A Trends: Consolidation is a prominent trend, with xx M&A deals observed in the historical period (2019-2024).
Lab Automation in Genomics Industry Growth Trends & Insights
The genomics lab automation market is experiencing robust growth, driven by factors such as the increasing adoption of next-generation sequencing (NGS) technologies, rising demand for personalized medicine, and the growing need for high-throughput screening in drug discovery and development. The market size is projected to reach $XX Billion by 2033, exhibiting a CAGR of xx% during the forecast period (2025-2033). Market penetration is increasing steadily, with a significant portion of large-scale genomics labs adopting automation technologies. Technological disruptions, such as the integration of artificial intelligence and machine learning, are further accelerating market growth. Shifting consumer behavior towards faster, more accurate, and cost-effective testing is also positively impacting market adoption.

Dominant Regions, Countries, or Segments in Lab Automation in Genomics Industry
North America currently holds the largest market share in the genomics lab automation market, driven by factors such as strong technological advancements, significant investments in R&D, and the presence of major players. Within the equipment segment, Automated Liquid Handlers represent the largest market share, followed by Automated Plate Handlers. Europe is experiencing significant growth, fueled by increasing government funding for research and development initiatives. The Asia-Pacific region is projected to witness substantial growth in the coming years, primarily driven by increasing healthcare expenditure and a growing demand for advanced diagnostic services.
- North America: Dominates due to technological advancements, R&D investment, and presence of key players.
- Europe: Growing due to increased government funding and R&D.
- Asia-Pacific: High growth potential driven by healthcare expenditure and demand for diagnostics.
- Automated Liquid Handlers: Largest segment due to their versatility and importance in various genomics applications.
Lab Automation in Genomics Industry Product Landscape
The market offers a wide array of automated systems, including liquid handlers, plate handlers, robotic arms, automated storage and retrieval systems (AS/RS), and vision systems. These systems are integrated with advanced software and data analytics capabilities, ensuring high throughput, accuracy, and efficiency. Recent product innovations focus on miniaturization, increased speed, improved precision, and enhanced data management capabilities. Unique selling propositions often revolve around ease of use, cost-effectiveness, and integration with existing laboratory workflows.
Key Drivers, Barriers & Challenges in Lab Automation in Genomics Industry
Key Drivers:
- Increasing demand for high-throughput screening and faster turnaround times.
- Technological advancements in robotics, AI, and data analytics.
- Growing adoption of personalized medicine and NGS technologies.
- Increased investments in R&D by pharmaceutical and biotechnology companies.
Key Challenges:
- High initial investment costs and integration complexities.
- Stringent regulatory approvals and compliance requirements.
- Skill gaps in operating and maintaining automated systems.
- Supply chain disruptions, impacting the availability of components and reagents. These disruptions led to a xx% increase in lead times during 2022, impacting overall market growth by an estimated xx%.
Emerging Opportunities in Lab Automation in Genomics Industry
- Expansion into emerging markets with growing healthcare infrastructure.
- Integration of AI and machine learning for improved accuracy and decision-making.
- Development of point-of-care diagnostics using miniaturized automation systems.
- Increasing demand for automation in personalized medicine applications.
Growth Accelerators in the Lab Automation in Genomics Industry Industry
Technological breakthroughs, such as advancements in microfluidics and lab-on-a-chip technologies, are driving market growth. Strategic partnerships between automation providers and genomics companies are also accelerating market expansion. Furthermore, increasing government funding for research and development initiatives is fueling innovation and adoption.
Key Players Shaping the Lab Automation in Genomics Industry Market
- Becton Dickinson and Company
- Tecan Group Ltd
- Synchron Lab Automation
- Perkinelmer Inc
- Thermo Fisher Scientific Inc
- Eli Lilly and Company
- Danaher Corporation / Beckman Coulter
- Siemens Healthineers AG
- Agilent Technologies Inc
- Hudson Robotics Inc
- F Hoffmann-La Roche Ltd
- List Not Exhaustive
Notable Milestones in Lab Automation in Genomics Industry Sector
- July 2022: MAKO Medical Laboratories purchased four high-tech liquid handling automation systems, significantly increasing COVID-19 testing capacity. This highlights the growing demand for automation in high-throughput diagnostics.
- July 2022: University Hospital Southampton NHS Foundation Trust partnered with Automata to develop new applications for lab automation technology. This signifies the increasing collaboration between healthcare providers and automation solution providers.
In-Depth Lab Automation in Genomics Industry Market Outlook
The future of the genomics lab automation market is bright, with continued growth driven by technological innovation, increasing demand for high-throughput screening, and the growing adoption of personalized medicine. Strategic partnerships, market expansion into emerging economies, and the development of innovative applications will further drive market growth and create lucrative opportunities for industry players. The market is expected to continue its robust expansion throughout the forecast period, presenting significant potential for investors and market participants alike.
Lab Automation in Genomics Industry Segmentation
-
1. Equipment
- 1.1. Automated Liquid Handlers
- 1.2. Automated Plate Handlers
- 1.3. Robotic Arms
- 1.4. Automated Storage and Retrieval Systems (AS/RS)
- 1.5. Vision Systems
Lab Automation in Genomics Industry Segmentation By Geography
- 1. North America
- 2. Europe
- 3. Asia
- 4. Latin America
- 5. Middle East and Africa

Lab Automation in Genomics Industry REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 12.43% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing Research and Development by Pharmaceutical and Biotech Companies; Growing Demand from Drug Discovery and Genomics
- 3.3. Market Restrains
- 3.3.1. Growing Trend of Digital Transformation for Laboratories with IoT; Effective Management of the Huge Amount of Data Generated
- 3.4. Market Trends
- 3.4.1. Automated Liquid Handlers to Witness High Growth
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Lab Automation in Genomics Industry Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Equipment
- 5.1.1. Automated Liquid Handlers
- 5.1.2. Automated Plate Handlers
- 5.1.3. Robotic Arms
- 5.1.4. Automated Storage and Retrieval Systems (AS/RS)
- 5.1.5. Vision Systems
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1. North America
- 5.2.2. Europe
- 5.2.3. Asia
- 5.2.4. Latin America
- 5.2.5. Middle East and Africa
- 5.1. Market Analysis, Insights and Forecast - by Equipment
- 6. North America Lab Automation in Genomics Industry Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Equipment
- 6.1.1. Automated Liquid Handlers
- 6.1.2. Automated Plate Handlers
- 6.1.3. Robotic Arms
- 6.1.4. Automated Storage and Retrieval Systems (AS/RS)
- 6.1.5. Vision Systems
- 6.1. Market Analysis, Insights and Forecast - by Equipment
- 7. Europe Lab Automation in Genomics Industry Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Equipment
- 7.1.1. Automated Liquid Handlers
- 7.1.2. Automated Plate Handlers
- 7.1.3. Robotic Arms
- 7.1.4. Automated Storage and Retrieval Systems (AS/RS)
- 7.1.5. Vision Systems
- 7.1. Market Analysis, Insights and Forecast - by Equipment
- 8. Asia Lab Automation in Genomics Industry Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Equipment
- 8.1.1. Automated Liquid Handlers
- 8.1.2. Automated Plate Handlers
- 8.1.3. Robotic Arms
- 8.1.4. Automated Storage and Retrieval Systems (AS/RS)
- 8.1.5. Vision Systems
- 8.1. Market Analysis, Insights and Forecast - by Equipment
- 9. Latin America Lab Automation in Genomics Industry Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Equipment
- 9.1.1. Automated Liquid Handlers
- 9.1.2. Automated Plate Handlers
- 9.1.3. Robotic Arms
- 9.1.4. Automated Storage and Retrieval Systems (AS/RS)
- 9.1.5. Vision Systems
- 9.1. Market Analysis, Insights and Forecast - by Equipment
- 10. Middle East and Africa Lab Automation in Genomics Industry Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by Equipment
- 10.1.1. Automated Liquid Handlers
- 10.1.2. Automated Plate Handlers
- 10.1.3. Robotic Arms
- 10.1.4. Automated Storage and Retrieval Systems (AS/RS)
- 10.1.5. Vision Systems
- 10.1. Market Analysis, Insights and Forecast - by Equipment
- 11. North America Lab Automation in Genomics Industry Analysis, Insights and Forecast, 2019-2031
- 11.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 11.1.1.
- 12. Europe Lab Automation in Genomics Industry Analysis, Insights and Forecast, 2019-2031
- 12.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 12.1.1.
- 13. Asia Pacific Lab Automation in Genomics Industry Analysis, Insights and Forecast, 2019-2031
- 13.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 13.1.1.
- 14. Rest of the World Lab Automation in Genomics Industry Analysis, Insights and Forecast, 2019-2031
- 14.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 14.1.1.
- 15. Competitive Analysis
- 15.1. Global Market Share Analysis 2024
- 15.2. Company Profiles
- 15.2.1 Becton Dickinson and Company
- 15.2.1.1. Overview
- 15.2.1.2. Products
- 15.2.1.3. SWOT Analysis
- 15.2.1.4. Recent Developments
- 15.2.1.5. Financials (Based on Availability)
- 15.2.2 Tecan Group Ltd
- 15.2.2.1. Overview
- 15.2.2.2. Products
- 15.2.2.3. SWOT Analysis
- 15.2.2.4. Recent Developments
- 15.2.2.5. Financials (Based on Availability)
- 15.2.3 Synchron Lab Automation
- 15.2.3.1. Overview
- 15.2.3.2. Products
- 15.2.3.3. SWOT Analysis
- 15.2.3.4. Recent Developments
- 15.2.3.5. Financials (Based on Availability)
- 15.2.4 Perkinelmer Inc
- 15.2.4.1. Overview
- 15.2.4.2. Products
- 15.2.4.3. SWOT Analysis
- 15.2.4.4. Recent Developments
- 15.2.4.5. Financials (Based on Availability)
- 15.2.5 Thermo Fisher Scientific Inc
- 15.2.5.1. Overview
- 15.2.5.2. Products
- 15.2.5.3. SWOT Analysis
- 15.2.5.4. Recent Developments
- 15.2.5.5. Financials (Based on Availability)
- 15.2.6 Eli Lilly and Company
- 15.2.6.1. Overview
- 15.2.6.2. Products
- 15.2.6.3. SWOT Analysis
- 15.2.6.4. Recent Developments
- 15.2.6.5. Financials (Based on Availability)
- 15.2.7 Danaher Corporation / Beckman Coulter
- 15.2.7.1. Overview
- 15.2.7.2. Products
- 15.2.7.3. SWOT Analysis
- 15.2.7.4. Recent Developments
- 15.2.7.5. Financials (Based on Availability)
- 15.2.8 Siemens Healthineers AG
- 15.2.8.1. Overview
- 15.2.8.2. Products
- 15.2.8.3. SWOT Analysis
- 15.2.8.4. Recent Developments
- 15.2.8.5. Financials (Based on Availability)
- 15.2.9 Agilent Technologies Inc
- 15.2.9.1. Overview
- 15.2.9.2. Products
- 15.2.9.3. SWOT Analysis
- 15.2.9.4. Recent Developments
- 15.2.9.5. Financials (Based on Availability)
- 15.2.10 Hudson Robotics Inc
- 15.2.10.1. Overview
- 15.2.10.2. Products
- 15.2.10.3. SWOT Analysis
- 15.2.10.4. Recent Developments
- 15.2.10.5. Financials (Based on Availability)
- 15.2.11 F Hoffmann-La Roche Ltd *List Not Exhaustive
- 15.2.11.1. Overview
- 15.2.11.2. Products
- 15.2.11.3. SWOT Analysis
- 15.2.11.4. Recent Developments
- 15.2.11.5. Financials (Based on Availability)
- 15.2.1 Becton Dickinson and Company
List of Figures
- Figure 1: Global Lab Automation in Genomics Industry Revenue Breakdown (Million, %) by Region 2024 & 2032
- Figure 2: North America Lab Automation in Genomics Industry Revenue (Million), by Country 2024 & 2032
- Figure 3: North America Lab Automation in Genomics Industry Revenue Share (%), by Country 2024 & 2032
- Figure 4: Europe Lab Automation in Genomics Industry Revenue (Million), by Country 2024 & 2032
- Figure 5: Europe Lab Automation in Genomics Industry Revenue Share (%), by Country 2024 & 2032
- Figure 6: Asia Pacific Lab Automation in Genomics Industry Revenue (Million), by Country 2024 & 2032
- Figure 7: Asia Pacific Lab Automation in Genomics Industry Revenue Share (%), by Country 2024 & 2032
- Figure 8: Rest of the World Lab Automation in Genomics Industry Revenue (Million), by Country 2024 & 2032
- Figure 9: Rest of the World Lab Automation in Genomics Industry Revenue Share (%), by Country 2024 & 2032
- Figure 10: North America Lab Automation in Genomics Industry Revenue (Million), by Equipment 2024 & 2032
- Figure 11: North America Lab Automation in Genomics Industry Revenue Share (%), by Equipment 2024 & 2032
- Figure 12: North America Lab Automation in Genomics Industry Revenue (Million), by Country 2024 & 2032
- Figure 13: North America Lab Automation in Genomics Industry Revenue Share (%), by Country 2024 & 2032
- Figure 14: Europe Lab Automation in Genomics Industry Revenue (Million), by Equipment 2024 & 2032
- Figure 15: Europe Lab Automation in Genomics Industry Revenue Share (%), by Equipment 2024 & 2032
- Figure 16: Europe Lab Automation in Genomics Industry Revenue (Million), by Country 2024 & 2032
- Figure 17: Europe Lab Automation in Genomics Industry Revenue Share (%), by Country 2024 & 2032
- Figure 18: Asia Lab Automation in Genomics Industry Revenue (Million), by Equipment 2024 & 2032
- Figure 19: Asia Lab Automation in Genomics Industry Revenue Share (%), by Equipment 2024 & 2032
- Figure 20: Asia Lab Automation in Genomics Industry Revenue (Million), by Country 2024 & 2032
- Figure 21: Asia Lab Automation in Genomics Industry Revenue Share (%), by Country 2024 & 2032
- Figure 22: Latin America Lab Automation in Genomics Industry Revenue (Million), by Equipment 2024 & 2032
- Figure 23: Latin America Lab Automation in Genomics Industry Revenue Share (%), by Equipment 2024 & 2032
- Figure 24: Latin America Lab Automation in Genomics Industry Revenue (Million), by Country 2024 & 2032
- Figure 25: Latin America Lab Automation in Genomics Industry Revenue Share (%), by Country 2024 & 2032
- Figure 26: Middle East and Africa Lab Automation in Genomics Industry Revenue (Million), by Equipment 2024 & 2032
- Figure 27: Middle East and Africa Lab Automation in Genomics Industry Revenue Share (%), by Equipment 2024 & 2032
- Figure 28: Middle East and Africa Lab Automation in Genomics Industry Revenue (Million), by Country 2024 & 2032
- Figure 29: Middle East and Africa Lab Automation in Genomics Industry Revenue Share (%), by Country 2024 & 2032
List of Tables
- Table 1: Global Lab Automation in Genomics Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Global Lab Automation in Genomics Industry Revenue Million Forecast, by Equipment 2019 & 2032
- Table 3: Global Lab Automation in Genomics Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 4: Global Lab Automation in Genomics Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 5: Lab Automation in Genomics Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 6: Global Lab Automation in Genomics Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 7: Lab Automation in Genomics Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: Global Lab Automation in Genomics Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 9: Lab Automation in Genomics Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: Global Lab Automation in Genomics Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 11: Lab Automation in Genomics Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: Global Lab Automation in Genomics Industry Revenue Million Forecast, by Equipment 2019 & 2032
- Table 13: Global Lab Automation in Genomics Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 14: Global Lab Automation in Genomics Industry Revenue Million Forecast, by Equipment 2019 & 2032
- Table 15: Global Lab Automation in Genomics Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 16: Global Lab Automation in Genomics Industry Revenue Million Forecast, by Equipment 2019 & 2032
- Table 17: Global Lab Automation in Genomics Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 18: Global Lab Automation in Genomics Industry Revenue Million Forecast, by Equipment 2019 & 2032
- Table 19: Global Lab Automation in Genomics Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 20: Global Lab Automation in Genomics Industry Revenue Million Forecast, by Equipment 2019 & 2032
- Table 21: Global Lab Automation in Genomics Industry Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Lab Automation in Genomics Industry?
The projected CAGR is approximately 12.43%.
2. Which companies are prominent players in the Lab Automation in Genomics Industry?
Key companies in the market include Becton Dickinson and Company, Tecan Group Ltd, Synchron Lab Automation, Perkinelmer Inc, Thermo Fisher Scientific Inc, Eli Lilly and Company, Danaher Corporation / Beckman Coulter, Siemens Healthineers AG, Agilent Technologies Inc, Hudson Robotics Inc, F Hoffmann-La Roche Ltd *List Not Exhaustive.
3. What are the main segments of the Lab Automation in Genomics Industry?
The market segments include Equipment.
4. Can you provide details about the market size?
The market size is estimated to be USD 2.12 Million as of 2022.
5. What are some drivers contributing to market growth?
Increasing Research and Development by Pharmaceutical and Biotech Companies; Growing Demand from Drug Discovery and Genomics.
6. What are the notable trends driving market growth?
Automated Liquid Handlers to Witness High Growth.
7. Are there any restraints impacting market growth?
Growing Trend of Digital Transformation for Laboratories with IoT; Effective Management of the Huge Amount of Data Generated.
8. Can you provide examples of recent developments in the market?
July 2022: MAKO Medical Laboratories announced to expand molecular and COVID-19 test processing capacity by purchasing four additional high-tech liquid handling automation systems to allow the lab to more than double the COVID-19 testing capacity of a single lab technician in the future.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Lab Automation in Genomics Industry," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Lab Automation in Genomics Industry report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Lab Automation in Genomics Industry?
To stay informed about further developments, trends, and reports in the Lab Automation in Genomics Industry, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence