Microplate Systems Market Report Size, CAGR of 4.8%, Forecast to 2026 with Key Player Danaher Corporation (US), PerkinElmer (US).


Posted June 10, 2022 by Prachi001

The global microplate systems market size is projected to reach USD 1,170 million by 2026 from USD 927 million in 2021, at a CAGR of 4.8% during the forecast period.
 
This report aims to provide detailed insights into the global Microplate Systems Market. It provides valuable information on the type, procedure, application, and region in the market. Furthermore, the information for these segments, by region, is also presented in this report. Leading players in the market are profiled to study their product offerings and understand the strategies undertaken by them to be competitive in this market.

Expected Revenue Growth: The report "Microplate Systems Market by Product (Microplate Reader (Multi-mode, Single-mode), Microplate Washer, Microplate Accessories), Application (Drug Discovery, Clinical Diagnostics) & End User (Hospital and Diagnostic Laboratories) - Global Forecast to 2026", The global microplate systems market size is projected to reach USD 1,170 million by 2026 from USD 927 million in 2021, at a CAGR of 4.8%.

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COVID -19 IMPACT ON THE MICROPLATE SYSTEMS MARKET
With the WHO officially declaring the outbreak of COVID-19 a pandemic, a mix of established pharmaceutical and biopharmaceutical companies and small startups has stepped forward to develop treatments and vaccines that target the infection caused by the novel coronavirus. The COVID-19 outbreak has significantly impacted the availability of hospital resources worldwide. This has been primarily managed by dramatically reducing inpatient and outpatient services for other diseases and implementing infection prevention and control measures.

Considering the current pandemic and the contribution of the pharmaceutical and biotechnology industry in controlling the spread of the virus by providing essential drugs, vaccines, kits, and other supplies, the demand for microplate products is expected to increase in this industry.

Microplate readers accounted for the larger share of the Microplate Systems Market in 2020

Based on the product, the microplate systems market is segmented into microplate readers, microplate pipetting systems and dispensers, microplate washers, and microplate accessories & software. In 2020, the microplate readers segment accounted for the larger share of the microplate systems market. The large share of this segment can be attributed to the increasing prevalence of diseases, the growing focus on drug discovery, and the rising R&D expenditure by pharmaceutical companies.

By application, the drug discovery segment accounted for the largest market share in 2020

Based on the application, the microplate systems market is segmented into drug discovery, clinical diagnostics, genomics and proteomics research, and other applications. The drug discovery segment accounted for the largest market share in 2020. The need for high-/ultra-high-throughput screening and reduced time-to-market for drugs are major driving factors for this market.

Biotechnology & Pharmaceutical are the largest end-users of the microplate systems market

Based on end-users, the microplate systems market is segmented into biotechnology & pharmaceutical companies, hospitals & diagnostic laboratories, and academic & research institutes. The biotechnology & pharmaceutical segment accounted for the largest market share in 2020 due to increasing government support in the form of funding for biotech and pharma research.

North America dominates the global microplate systems market

The microplate systems market is segmented into four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World. In 2020, North America accounted for the largest share of the microplate systems market. The large share of North America can be attributed to factors such as the government initiatives for cell-based research, the increasing acceptance of personalized medicine, increasing academic and government investments in diagnostic research, and increasing focus on drug discovery and development.

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Key Market Players
The major players in the microplate systems market are Danaher Corporation (US), Bio-Rad Laboratories Inc. (US), PerkinElmer (US), Thermo Fisher Scientific (US), Agilent Technologies Inc. (US), Tecan (Switzerland), BMG Labtech (Germany), Promega Corporation (US), Enzo Life Sciences Inc. (US), Berthold Technologies (Germany), Biochrom (UK), Corning (US), Lonza (Switzerland), Brucker Corporation (US), Dynex Technologies (US), Bio-One International GmbH (Austria), Accuris Instruments (US), CTK Biotech Inc. (US), LTEK (South Korea), JASCO (Japan), Rayto (China), Micro Lab Instruments (India), Biohit Oyj (Finland), Mindray (China), and Hudson Robotics (US).

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Categories Health , Industry , Internet
Tags microplate systems , microplate systems market , microplate systems market growth
Last Updated June 10, 2022