Market Size of Automated Plate Handlers Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 3.56 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Automated Plate Handlers Market Analysis
The automated plate handlers market is expected to grow at a CAGR of 3.56% during the forecast period (2020-2025).Research labs and academic institutions are increasinglyopting for modular automation solutions, whereinthey can reduce human intervention in tedious and repetitive tasks.
- Automation is being used widely in various life science applications ranging from drug discoveryto systems biology. Automation is also an important feature in the diagnostics market. In clinical diagnostics, where profits margins are based on the number of samples, high throughput is the most importantfactor which is driving the market studied.
- The drastic increase in sample throughput and the significant decrease in the time to produce experimental results are the major factors driving the automated plate handlers market.
- Moreover, microplate automation instruments are used in laboratories for increased throughput and greater scale in various protocols, such as high throughput screening, next-generation sequencing, cellular analysis, PCR set-up, serial dilution, toxicology, plate labeling, and many more. Apart from reducing the mundane tasks, automated plate handlers market is also driven by the need for consistency in quality as the cost of error is very high in laboratories.
