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Microplate Instrumentation And Supplies Market By Type (Microplate Readers, Microplate Dispensers And Pipetting Systems, Microplate Washers, Other Accessories), By Application (Academic Or Industrial Research, Drug Discovery, Bioassay Validation, QC And Manufacturing Processes, Other), By Usage Area (Research And Academia, Pharmaceutical & Biotech Industry, Diagnostic Laboratories & Hospitals) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Microplate instrumentation is an important device used in cell culture and other research. Initially used only in research settings, this equipment has witnessed adoption in disease diagnostics and, therefore, in diagnostic laboratories and hospitals. Microplate instrumentation and supplies are laboratory equipment used for understanding the discovery and development of drugs and assessing the biological, chemical, and physical reactions in any research.

Microplate systems and supplies are, therefore, imperative in testing processes such as gene expression, toxicity, protein quantification, and biological reactions. Most of this instrumentation is applied in manufacturing processes, drug discovery, disease diagnostics, and bioassays. Due to their ability to analyze several samples simultaneously, the demand for microplate instrumentation and supplies is high in research settings. Continuous technological advancements have enabled interactive user interfaces for customers and data exchange. These devices generally operate on the principles of absorbance, fluorescence, and luminescence.

During the forecast period, the global microplate instrumentation and supplies market will expand steadily. New product developments and growing investments in product innovations that enable reliable data generation as opposed to traditional analysis methods are the prime drivers of the global microplate instrumentation and supplies market.

Furthermore, automation in microplate readers has also augmented convenience in the use of microplates for research purposes. Other factors that drive the growth of the microplate instrumentation and supplies market are growing research funding and the number of laboratories, the rise in diseases, and the growing need for novel treatments and drugs. However, the high costs of advanced microplate readers and a lack of skilled personnel may restrain the market's growth.

Market Synopsis

The market will witness rapid adoption of microplate readers, contributing to significant revenue generation.

The major manufacturers in the microplate instrumentation and supplies industry are intensively focusing on introducing innovative instruments and analytical tools that can be effectively and conveniently adopted in any clinical setting across several applications. Thus, manufacturers are actively focusing on creating microplate readers that are fast, reduce lead time, and are convenient to use while giving precise readings at optimum convenience. Such readers operate on the principles of absorbance, fluorescence, and luminescence.

Major market players have also introduced customized, and hybrid microplate readers are suiting the precise needs of users, with the most recent advancement being nano microplate readers for reading cell and protein proliferation. Multi-mode microplate readers (filter-based microplate readers, monochromator-based microplate readers, hybrid microplate readers) and single-mode microplate readers (absorbance plate readers, luminescence plate readers, and fluorescence plate readers) are the two types of microplate readers.

High demand for microplate instrumentation to come for drug discovery and development.

Each year, the number of new molecular entities is consistently growing. The overall pharmaceutical industry is not witnessing the prominent returns it once did for a lesser number of blockbuster drugs. This implies that the industry is refocusing on smaller pockets of the market and tapping smaller yet relevant opportunities to deliver potential benefits to a select group of patients.

This has therefore given rise to a clearer and more prominent need for manufacturers to make correct and swift decisions on pipeline projects and also explore more efficient methods of discovering new targets. New technologies are critical because they enable and allow for simpler assay development as well as the removal of irrelevant or specific compounds. While new technologies are needed for a wide range of new drugs to be developed, a major part of the identification of such molecules and candidates is performed with microplate readers. Thus, improvements in the field of microplate instrumentation are vital for the progress of the pharmaceutical industry.

The pharmaceutical and biotech industries will generate the most revenue.

Pharmaceuticals and biotechnology manufacturers form the largest usage area for microplate instrumentation and supplies. Microplate instrumentation and supplies are used for determining biological, physical, or chemical events occurring in the microtiter plates and are often used in academia, biotech, and the pharmaceutical industries.

These devices are witnessing continuous progress toward delivering the best throughput, functionality, and flexibility as the users of these systems require better reliability, ease of use, and a quicker learning curve. In research and academia, 96-well plates find the most common usage, whereas 384-well plates are the norm in industrial use. The newer generation of microplate readers is also being impacted by the growing need to use smaller amounts and counts of reagents and consume a smaller quantity of samples.

North America and Asia-Pacific are the most prominent regional markets.

Geographically, this market is categorized into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Among these, North America and Europe are the largest markets and will retain their dominance through the forecast period, attributed to high demand for new technologies, higher funding for research and development, greater awareness among researchers, and the domicile of major market players in the regions.

The Asia-Pacific market, on the other hand, will witness a rapid proliferation in terms of market growth. This is mainly due to the swift development of the biotechnology industry in the region, increasing outsourcing of research initiatives, and increasing funding from foreign investments and governments.

Periods of History and Forecast

This research report presents the analysis of each considered segment for the period from 2016 to 2026, using 2017 as the base year for estimations. Compounded annual growth rates (CAGRs) for each segment are calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The microplate instrumentation and supplies market report provides a quantitative assessment of the industry in terms of current and forecasted market size while also presenting the market dynamics. This market is segmented based on type, application, usage area, and geography.

This report also includes a company profiles section that gives insights into the company overview, product portfolio, financial information, and key developments of major market players. The major players profiled in this report include Agilent Technologies, Inc., Beckman Coulter (Danaher Corporation), BioTek Instruments, Inc., Berthold Technologies GmbH & Co. KG, BMG LABTECH GmbH, Corning Incorporated, Eppendorf AG, PerkinElmer Inc., Thermo Fisher Scientific, Mindray Medical International Limited, Promega Corporation, Lonza Group Ltd., and Tecan Group Ltd.

Key questions are answered in this report.

  • What was the size of the global microplate instrumentation and supplies market in the historical periods of 2016 and 2017?
  • What will be the market size of this industry during the forecast period from 2018 to 2026, and what will be the market growth rate?
  • How do the major market dynamics have an impact on the industry's growth?
  • What is the market position of the microplate readers segment, and how will the other sub-segments perform during the forecast period?
  • Which application is expected to witness the most rapid growth in demand for microplate readers?
  • What are the major movements of the key players and their sustenance strategies?
  • What are the key growth pockets observed in the emerging markets of Asia Pacific?

Frequently Asked Question:

The market for Microplate Instrumentation And Supplies Market is expected to reach USD$ XX in 2026.

The Microplate Instrumentation And Supplies Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2018 -2026.

The base year of this report is 2017.

Beckman Coulter (Danaher Corporation), BioTek Instruments, Inc., Berthold Technologies GmbH & Co. KG, BMG LABTECH GmbH, Corning Incorporated, Eppendorf AG. are some of the major players in the global market.

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Published Date:  Feb 2019
Category:  Biotechnology
Report ID:   59579
Report Format:   PDF
Pages:   120
Rating:    4.4 (49)
Delivery Time: 24 Hours to 48 Hours   
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