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Microplate Systems - Global Market Trajectory & Analytics

  • ID: 4805170
  • Report
  • February 2022
  • Region: Global
  • 683 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Biochrom Ltd.
  • BioTek Instruments Inc.
  • BMG LABTECH GmbH
  • Corning Incorporated
  • Danaher Corporation
  • Lonza Group AG

Global Microplate Systems Market to Reach $1.1 Billion by 2026


A microplate system is essentially an apparatus that is used for discovering physical, biological and chemical process reactions for experimental and research activities. The microplate systems are extremely helpful in testing biological reactions, gene expression reactions and quantification of proteins. They find use in drug discovery, fermented foods treatment, wastewater treatment and environmental monitoring. Microplate systems is a growing market driven by factors such as increasing incidence of infectious and chronic diseases, as well as accelerated demand for automated biochemical and cell-based assays by the biotechnology industry. The coronavirus outbreak and the ensuing rise in lab testing is driving demand for microplate systems. Amid the COVID-19 crisis, the global market for Microplate Systems estimated at US$881.1 Million in the year 2020, is projected to reach a revised size of US$1.1 Billion by 2026, growing at a CAGR of 4.5% over the analysis period. Readers, one of the segments analyzed in the report, is projected to grow at a 5.2% CAGR to reach US$708.9 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Pipetting Systems & Dispensers segment is readjusted to a revised 3.6% CAGR for the next 7-year period. This segment currently accounts for a 27% share of the global Microplate Systems market.



The U.S. Market is Estimated at $351.1 Million in 2021, While China is Forecast to Reach $160.7 Million by 2026


The Microplate Systems market in the U.S. is estimated at US$351.1 Million in the year 2021. The country currently accounts for a 37.66% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$160.7 Million in the year 2026 trailing a CAGR of 8.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR while Rest of European market (as defined in the study) will reach US$169.7 Million by the end of the analysis period. Increasing prevalence of several chronic diseases is driving demand for advanced diagnostic equipment, including microplate systems. Growth is also benefiting from rising demand from biotech firms for automated cell-based as well as biochemical assays, growing funding for laboratories, intensifying government initiatives in both developed and developing nations for adopting automated and sophisticated diagnostics in the healthcare sector, and favorable reimbursement policies in developed economies.. Other equally important growth factors include growing investments in R&D activities in genomics and proteomics domains; increasing usage of immunoassays in the development of innovative therapies for combating various diseases; increasing usage of single-mode and hybrid microplate systems in immunoassays; and integration of microplate systems with various other automation technology in the healthcare sector. Persistent industry focus on the miniaturization trend for diagnostic assays, and the development of high-throughput assays are likely to offer significant growth opportunities for microplate systems market.

Washers Segment to Reach $125.1 Million by 2026


Microplate washers are instruments used to clean the overrun liquid from microwell plates while testing. Washers are vital laboratory equipment, as various formats of these are invariably required for running certain assays. For instance, enzyme-based ELISA assays require removal of liquid and washing of plates prior to advancing each step of the test. Washers essentially form part of total lab automation solution for screening applications, and microplate manufacturers generally offer a complete solutions portfolio. In the global Washers segment, USA, Canada, Japan, China and Europe will drive the 3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$91.3 Million in the year 2020 will reach a projected size of US$112.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$10.3 Million by the year 2026, while Latin America will expand at a 4.3% CAGR through the analysis period.

Select Competitors (Total 155 Featured) -

  • Agilent Technologies, Inc.
  • Berthold Technologies GmbH & Co. KG
  • Bio-Rad Laboratories, Inc.
  • Biochrom Ltd.
  • BioTek Instruments Inc.
  • BMG LABTECH GmbH
  • Corning Incorporated
  • Danaher Corporation
  • Molecular Devices, LLC
  • Lonza Group AG
  • PerkinElmer, Inc.
  • Promega Corporation
  • Rayto Life and Analytical Sciences Co., Ltd.
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
  • Tecan Group Ltd.
  • Thermo Fisher Scientific, Inc.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Frequently Asked Questions about the Global Market for Microplate Systems

What is the estimated value of the Global Market for Microplate Systems?

The Global Market for Microplate Systems was estimated to be valued at $881.1 Million in 2020.

What is the growth rate of the Global Market for Microplate Systems?

The growth rate of the Global Market for Microplate Systems is 3.8%, with an estimated value of $1100.0 Million by 2026.

What is the forecasted size of the Global Market for Microplate Systems?

The Global Market for Microplate Systems is estimated to be worth $1100.0 Million by 2026.

Who are the key companies in the Global Market for Microplate Systems?

Key companies in the Global Market for Microplate Systems include Agilent Technologies, Inc., Berthold Technologies GmbH & Co. KG, Bio, Rad Laboratories, Inc., Biochrom Ltd., BioTek Instruments Inc., BMG LABTECH GmbH, Corning Incorporated and Molecular Devices, LLC.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Biochrom Ltd.
  • BioTek Instruments Inc.
  • BMG LABTECH GmbH
  • Corning Incorporated
  • Danaher Corporation
  • Lonza Group AG

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of COVID-19 and a Looming Global Recession
  • COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019E to 2022F
  • Overwhelming COVID-19 Testing Volumes Elevate Demand for Laboratory Systems & Supplies
  • Total Number of COVID-19 Tests Conducted in Select Countries as of December 8th, 2020
  • COVID-19 Outbreak Impacts Clinical Trials and Drug Development
  • Impact on Microplate Systems Market
  • COVID-19 Testing: A Vital Opportunity for Pipetting Systems
  • Covid-19 Vaccines Research: Another Growth Avenue
  • An Introduction to Microplate Technology
  • Historical Timeline of Microplates and Peripheral Instrumentation Development
  • Microplate Systems: A Prelude
  • Manufacturing Process and Materials
  • Microplate Readers
  • Multi-Mode Microplate Readers and Their Advantages
  • Ranking of Factors Considered While Purchasing a Microplate Reader
  • Single-Mode Plate Readers
  • Microplate Pipetting Systems and Dispensers
  • Microplate Washers
  • Microplate Washers for ELISA Applications
  • A Review of End Use Application Market
  • Major Fields of Science Using Microplates
  • Market Driven by Drug Discovery
  • The Drug Discovery Process
  • High-Throughput Screening and Drug Discovery
  • Global High-Throughput Screening Market Revenue Share by End Use: 2020E
  • The Evolution of HTS
  • Global Market Prospects & Outlook
  • Developed Markets at the Vanguard, Emerging Regions Gather Pace
  • Global Microplate Systems: Percentage Breakdown of Value Sales for Developed Regions and Developing Regions (2020 & 2027)
  • Global Microplate Systems: Geographic Regions Ranked by CAGR (Value Sales) for 2020-2027: China, Asia-Pacific, Middle East, Latin America, Africa, USA, Europe, Canada, and Japan
  • Microplate Readers Garner a Larger Pie
  • North America Leads the Global Microplate Readers Market
  • Microplate Washers Market: US, A Key Region
  • Drug Discovery Segment: Fastest Growing Application
  • Hospital & Diagnostic Laboratories: The Largest End Use Segment
  • Competitive Scenario
  • Recent Market Activity
  • Select Technological Innovations
  • Competition in the Microplate Readers Market
  • Microplate Systems - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Microplate Instrumentation: The Laboratory Workhorse
  • Increasing R&D Spending in the Pharmaceutical Industry Benefits Microplate Systems Market
  • Global Pharmaceutical R&D Spending in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • US Pharmaceutical R&D Spending in US$ Billion for the Years 2011, 2013, 2015, 2017 and 2019
  • Rising Prevalence of Infectious Diseases and Growing Need for Clinical Diagnostics Driving Growth in Global Microplate Systems Market
  • Infectious Diseases Remain Major Cause of Death in Under Developed Regions: Breakdown of Leading Causes of Death in Sub-Saharan Africa (in %)
  • Infectious Diseases Related Mortality High Among Children Below 5 Years: Breakdown of Leading Causes of Death in Children Below 5 Years (in %)
  • Global Number of Deaths Caused Due to Communicable Diseases (In 000s)
  • Burgeoning Population & Rising Incidence of Chronic Diseases Favor Market Growth
  • Fatalities by Heart Conditions: Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
  • Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • Breakdown of Total Number of Cancer Cases by Cancer Site: 2020
  • Rising Diabetes Prevalence Presents Opportunity for iPSCs Market: Number of Adults (20-79) with Diabetes (in Millions) by Region for 2017 and 2045
  • Aging Demographics Add to the Global Burden of Chronic Diseases, Presenting Market Opportunities
  • Expanding Elderly Population Worldwide: Breakdown of Number of People Aged 65+ Years in Million by Geographic Region for the Years 2019 and 2030
  • Improving Healthcare Expenditure to Turbo Charge Future Growth of the Market
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • Elderly Healthcare Expenditure as a % of GDP
  • Uptrend in IVD Market Augments Demand
  • Market to Gain from Growing Emphasis on Analytical Research
  • Importance of ELISA Bodes Well for Market Expansion
  • Growing Emphasis on Laboratory Automation Accelerates Growth
  • World Laboratory Automation Market in US$ Billion for Years 2018, 2020, 2022, 2024 & 2026
  • Microplate Readers in the Realm of Growing Applications and Advancing Technologies
  • Microplate Readers: Redrawing Research Landscape
  • Microplate Reader Modes
  • Fluorescence
  • Absorbance
  • Luminescence
  • Multi-Mode
  • Flexibility and Throughput: Key to Microplate Reader Superior Performance
  • Augmented R&D Initiatives and Emergence of HTS Drive Demand for Microplate Readers
  • Multi-Mode Microplate Readers to Witness Stronger Growth
  • Upgradability Driving Evolution of Multimode Microplate Readers
  • Fluorescence and Luminometers Gain at the Expense of Absorbance Readers
  • Innovations in Fluorescence Technologies
  • Technological Advances Improve Sophistication Quotient of Microplate Readers
  • Environmental Control in Readers: Expanding Applications to Live Cell Assays
  • Strong Demand Anticipated for Automated Microplate Washers Owing to Work Efficiencies Provided
  • High-End Microplate Washers Offer Enhanced Capabilities
  • Automated Microplate Washers Gain Popularity
  • Touch Technology in Microplate Washers on the Rise
  • Rising Popularity of Bead-Based Assays Drives Innovation in Microplate Washers
  • High Maintenance Cost Restricts Anticipated Growth
  • Microplate Handlers - Easing Microplate Workflow

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Microplate Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • COVID-19 Accelerates Market Expansion
  • US-based Labs Ramp Up Operations Amidst the COVID-19 Situation
  • Changing Healthcare Industry Dynamics Affect Clinical Lab Testing Market
  • Healthcare Spending as a % of GDP in the US: 2010-2020
  • Competitive Scenario
  • Market Share of Leading Manufacturers of Pipettes and Pipettors in the US: 2020E

CANADA

  • Market Overview

JAPAN

  • Microplate Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Microplate Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Analysis

EUROPE

  • Microplate Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Competition
  • Leading Manufacturers of Pipettes and Pipettors in the European Academic Sector: 2020E

FRANCE

  • Microplate Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Microplate Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Microplate Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Microplate Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Laboratory Equipment Market in Asia-Pacific

AUSTRALIA

  • Microplate Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Microplate Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • COVID-19 Impact on the Indian Microplate Systems Market
  • Market Analysis

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Microplate Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Microplate Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Microplate Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 155
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Agilent Technologies, Inc.
  • Berthold Technologies GmbH & Co. KG
  • Bio-Rad Laboratories, Inc.
  • Biochrom Ltd.
  • BioTek Instruments Inc.
  • BMG LABTECH GmbH
  • Corning Incorporated
  • Danaher Corporation
  • Molecular Devices, LLC
  • Lonza Group AG
  • PerkinElmer, Inc.
  • Promega Corporation
  • Rayto Life and Analytical Sciences Co., Ltd.
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
  • Tecan Group Ltd.
  • Thermo Fisher Scientific, Inc.
Note: Product cover images may vary from those shown