Microplate Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Microplate Systems Market is Segmented Product Type (Single-Mode Microplate Reader, Multi-Mode Microplate Reader, Microplate Pipetting Systems and Dispensers, Microplate Washers and Others), Application, End-User and Geography

Market Snapshot

Microplate-1
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.3 %

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Market Overview

This Microplate Systems Market is experiencing significant growth due to rising funding for laboratories, increasing R&D expenditure in the pharmaceutical industry, increased laboratory testing across the globe, and the growing prevalence of diseases.

The microplates are also witnessing evolution for the past 60 years. Researchers are continuously working on advancing the technology used in microplates which have given better products to the market. 

Furthermore, due to the rising innovation in the microplate systems, there has been a great impact on the market studied and tests such as ELISA are being carried out with the help of microplate systems. Hence, the market is positively influenced by advancements in technology. Hence, due to the advancements in microplates and rising need for the same in laboratories, it is believed that the market studied will grow in the forecast period.

Scope of the Report

As per the scope of the report, the microplate is a plate that has wells on it acting as test tubes. Microplates are being used widely as an analytical tool in the laboratories and in clinical diagnostics.

By Product Type
Single-Mode Microplate Readers
Fluorescence Plate Readers
Absorbance Plate Readers
Luminescence Plate Readers
Multi-Mode Microplate Readers
Filter-Based Readers
Monochromator-Based Readers
Hybrid Readers
Microplate Pipetting Systems and Dispensers
Microplate Washers
Other Products
By Application
Genomics and Proteomics Research
Drug Discovery
Clinical Diagnostics
Other Applications
By End-User
Hospital and Diagnostic Laboratories
Biotechnology and Pharmaceutical Companies
Research and Academic Institutes
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Drug Discovery Applications of Microplate Systems are Expected to Grow in the Future

Pharmaceutical R&D is gaining attraction of governments across the globe which is resulting in vast funding. However, the industry is yet to achieve satisfaction in terms of society’s medical needs. High failure rate and longer time required for drug development are some of the factors that are propelling the demand for novel techniques for drug discovery. 

The rising demand for new approaches in drug discovery is augmenting the growth of microplate systems. There are several companies that are developing microplates for the drug discovery process and this is attracting the researchers as their process is getting easier with the help of such microplates. Owing to the rising focus on drug discovery and the growing adoption of microplates, it is expected that the applications of microplate will grow in the future, especially in drug discovery.

R&D.png

North America is Expected to Dominate the Market Over the Forecast Period

The market for microplate systems in North America is expected to grow rapidly and this region is believed to dominate the market. Major factors driving the growth in this region include the presence of key players such as Thermo Fisher Scientific, Danaher Corporation, PerkinElmer, Agilent Technologies, etc. Added to that, the United Stated is witnessing the rise in drug discovery, and laboratories in the country are adopting novel technologies that are augmenting the demand for advanced microplates in the country. 

Furthermore, the developed healthcare system and large funding from the government to the laboratories are other factors that are fueling the market studied in this region.

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Competitive Landscape

The market for microplate systems is moderately competitive with the presence of international players which grab the largest share of this market. Countries such as Germany, United States, France, etc. are witnessing rising demand for microplates for the research purpose which is augmenting the demand for the same. In developing countries such as India and South Africa, few new entrants are expected to penetrate the market and are expected to hold a substantial share in the future.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increased Laboratory Testing Across the Globe

      2. 4.2.2 Rise in the Funding for Laboratories

      3. 4.2.3 Automation in the Microplate Technologies

    3. 4.3 Market Restraints

      1. 4.3.1 Rising Cost of Advanced Microplate Systems

      2. 4.3.2 Lack of Awareness About the Novel Techniques in Developing Regions

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Single-Mode Microplate Readers

        1. 5.1.1.1 Fluorescence Plate Readers

        2. 5.1.1.2 Absorbance Plate Readers

        3. 5.1.1.3 Luminescence Plate Readers

      2. 5.1.2 Multi-Mode Microplate Readers

        1. 5.1.2.1 Filter-Based Readers

        2. 5.1.2.2 Monochromator-Based Readers

        3. 5.1.2.3 Hybrid Readers

      3. 5.1.3 Microplate Pipetting Systems and Dispensers

      4. 5.1.4 Microplate Washers

      5. 5.1.5 Other Products

    2. 5.2 By Application

      1. 5.2.1 Genomics and Proteomics Research

      2. 5.2.2 Drug Discovery

      3. 5.2.3 Clinical Diagnostics

      4. 5.2.4 Other Applications

    3. 5.3 By End-User

      1. 5.3.1 Hospital and Diagnostic Laboratories

      2. 5.3.2 Biotechnology and Pharmaceutical Companies

      3. 5.3.3 Research and Academic Institutes

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Bio-Rad Laboratories, Inc.

      2. 6.1.2 Thermo Fisher Scientific Inc.

      3. 6.1.3 Agilent Technologies, Inc.

      4. 6.1.4 PerkinElmer, Inc.

      5. 6.1.5 Danaher Corporation (Molecular Devices)​

      6. 6.1.6 Mindray Medical International Limited

      7. 6.1.7 Lonza Group

      8. 6.1.8 Promega Corporation

      9. 6.1.9 Corning Incorporated

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Microplate Systems Market market is studied from 2018 - 2026.

The Microplate Systems Market is growing at a CAGR of 4.3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Bio-Rad Laboratories, Inc., Agilent Technologies, Inc., Mindray Medical International Limited, Thermo Fisher Scientific Inc, Danaher Corporation (Molecular Devices)​ are the major companies operating in Microplate Systems Market.

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