Microplate Systems Market by Product (Microplate Readers, Microplate Pipetting Systems and Dispensers, Microplate Washers, Other Products), Application (Drug Discovery, Clinical Diagnostic, Genomics and Proteomics Research, Other Applications), End User (Biotechnology and Pharmaceutical Companies, Hospital and Diagnostic Laboratories, Research and Academic Institutes): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00027062 | Pages: 100 | Industry: Medical Device | Date: Oct 2022 | Type: Global

The market is expected to cross the US$ 1.07 billion mark in 2022 and is expected to hit US$ 1.60 billion by 2030, recording a CAGR of 5.1% during the forecast period.

Increasing R&D expenditure will fuel market growth.

The biotechnology and pharmaceutical industries are the major end users in the microplate systems market. Microplate systems find high use in modern drug discovery and development activities and genomic & proteomic research, as they increase the test speed and accuracy, thus saving time and enabling researchers to focus on core tasks. Consequently, the increasing pace of R&D in the pharmaceutical industry is also a key growth driver for the market. Furthermore, the developed healthcare system and large government funding to the laboratories also fuel the market's growth.

Within the report, the market is segmented into product, application, end-user, and geography. Based on product the market is segmented as microplate readers, microplate pipetting systems and dispensers, microplate washers, and other products. Further, based on microplate readers the market is bifurcated into multi-mode microplate readers and single-mode microplate readers. Multi-mode microplate readers are further categorized as filter-based readers, monochromator-based readers, and hybrid readers. While, Single-mode microplate readers are categorized as fluorescence plate readers, absorbance plate readers, and luminescence plate readers. Based on application, the market is categorized as drug discovery, clinical diagnostic and genomics, and proteomics research. Based on end users, the market is categorized as biotechnology and pharmaceutical companies, hospital and diagnostic laboratories, and research and academic institutes. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Drug discovery application is expected to fuel the market growth.

Extensive research and development activities in pharma are gaining attraction across the globe and the rising demand for new approaches in drug discovery is augmenting the growth of microplate systems in upcoming years. Several companies are developing microplates for drug discovery, attracting researchers as their process is getting easier with the growing adoption of microplates and the surge in drug discovery, especially in drug discovery microplate applications.

The rising adoption of various technologies accelerating market growth.

The rising innovation in microplate systems has had a great impact on the market as these systems used for examining and tests such as ELISA and other pathology test. The market is expected to grow in the forecast period because of the advancements in microplates and the rising adoption of microplate in clinical and research laboratories. For instance, Mindray, launched brand new A9 and A8 anesthesia systems in 2020.

Recent strategic developments in the microplate systems market  

The microplate systems market has undergone several significant developments, and a few of these have been mentioned below:

  • In April 2021, Bio-Rad Laboratories, Inc. has launched two products for the Droplet Digital PCR (ddPCR) platforms. The ddPCR Assays for AAV Viral Titer and the Vericheck ddPCR Mycoplasma Detection Kit support the development and manufacture of safe and effective cell and gene therapies.
  • In Feb, 2022, BMG LABTECH introduced the new VANTAstarTM microplate reader, further expanding its range of high-quality, made-in-Germany instruments. The latest addition to the BMG LABTECH portfolio, the VANTAstar was conceived for ease of use and flexibility for a wide range of applications in basic research and life sciences.

The microplate systems market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Bio-Rad Laboratories Inc.; PerkinElmer; Danaher; Thermo Fisher Scientific INC.; Agilent Technologies Inc.; Tecan; BMG Labtech; Promega Corporation; Enzo Life Sciences Inc.; and Berthold Technologies are among the prominent players operating in the market.

The target audience for the report:

  • Raw material providers
  • OEM
  • Medical device companies
  • Government bodies, such as regulating authorities and policymakers
  • Research institutes, organizations, and consulting companies
  • Supplier and Payers

Scope of the report:

In this report, the market has been segmented based on:

  • Product:
    • Microplate readers
  • Multi-mode microplate readers
  • Filter-based readers
  • Monochromator-based readers
  • Hybrid readers
  • Single-mode microplate readers
  • Fluorescence plate readers
  • Absorbance plate readers
  • Luminescence plate readers
    • Microplate Pipetting Systems and Dispensers
    • Microplate Washers
    • Other Products
  • Application
    • Drug Discovery
    • Clinical Diagnostic
    • Genomics and Proteomics Research
    • Other Applications
  • End-user:
    • Biotechnology and Pharmaceutical Companies
    • Hospital and Diagnostic Laboratories
    • Research and Academic Institutes
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Bio-Rad Laboratories Inc.
    • PerkinElmer
    • Danaher
    • Thermo Fisher Scientific INC.
    • Agilent Technologies Inc.
    • Tecan
    • BMG Labtech
    • Promega Corporation
    • Enzo Life Sciences Inc.
    • Berthold Technologies

The List of Companies
- Bio-Rad Laboratories Inc.
- PerkinElmer
- Danaher
- Thermo Fisher Scientific INC.
- Agilent Technologies Inc.
- Tecan
- BMG Labtech
- Promega Corporation
- Enzo Life Sciences Inc.
- Berthold Technologies

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