Microplate Systems Market by Product, Application & End-user - Global Forecast to 2026 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Microplate Systems Market by Product (Microplate Reader (Multi-mode, Single-mode), Microplate Washer, Microplate Accessories), Application (Drug Discovery, Clinical Diagnostics) & End User (Hospital and Diagnostic Laboratories) - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The global microplate systems market size is projected to reach USD 1,170 million by 2026 from USD 927 million in 2021, at a CAGR of 4.8% from 2021 to 2026.

Growth in this market is driven by the increasing R&D expenditure in the pharmaceutical industry, increasing focus on miniaturization, and the growing prevalence of diseases

Microplate readers segment to witness the highest growth during the forecast period.

Based on the product, the microplate systems market is segmented into microplate readers, microplate pipetting systems and dispensers, microplate washers, and microplate accessories & software. The consumables segment is projected to grow at the highest CAGR during the forecast period. The increasing prevalence of diseases, the growing focus on drug discovery, and the rising R&D expenditure by pharmaceutical companies are the major factor supporting the growth of this segment.

Drug Discovery segment to register the highest growth in the microplate systems market during the forecast period.

Based on the application, the microplate systems market is segmented into drug discovery, clinical diagnostics, genomics and proteomics research, and other applications The drug discovery segment is projected to witness the highest growth in the microplate systems market during the forecast period. The need for high-/ultra-high-throughput screening and reduced time-to-market for drugs are the major factors supporting the growth of this segment.

Asia Pacific is estimated to register the highest CAGR during the forecast period.

In this report, the microplate systems market is segmented into four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). The market in the Asia Pacific is projected to register the highest growth rate during the forecast period. The growth in this market is primarily driven by the growing focus on research-related funding activities by government organizations that are expected to assist with drug discovery and development processes.

Market Dynamics

Drivers

• Increasing R&D Expenditure in the Biopharmaceutical Industry
• Increasing Focus on Miniaturization
• Growing Focus on Personalized Medicine
• Growing Prevalence of Diseases

Restraints

• High Cost of Microplate Systems

Opportunities

• Use of Microplate Readers for Virus Detection
• Growth in the Pharmaceutical and Biotechnology Industries
• Potential for Microplate Systems in Emerging Countries

Challenges

• Survival of Small Players and New Entrants

Trends

• Rental Agreements

Companies Mentioned

• Accuris Instruments
• Agilent Technologies Inc.
• Berthold Technologies GmbH & Co.Kg
• Bio-Rad Laboratories Inc.
• Biochrom
• Biohit Oyj
• BMG Labtech
• Bruker Corporation
• Corning Inc.
• CTK Biotech, Inc.
• Danaher Corporation
• Dynex Technologies
• Enzo Life Sciences, Inc.
• Greiner Bio-One International GmbH
• Hudson Robotics
• Jasco
• Lonza Inc.
• LTEK Corporation
• Micro Lab Instruments
• Mindray
• Perkinelmer, Inc.
• Promega Corporation
• Rayto Life and Analytical Sciences Co., Ltd.
• Tecan
• Thermo Fisher Scientific

For more information about this report visit https://www.researchandmarkets.com/r/oi39kl

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