Microplate Systems Market Share, Growth, Opportunities 2031
Microplate Systems Market Share, Growth, Opportunities 2031
Segments - Microplate Systems Market by Product (Microplate Reader [Single-mode and Multi-mode] Microplate Pipetting System & Dispenser, and Microplate Washer), Application (Genomics & Proteomics Research, Clinical Diagnostics, and Drug Discovery), End-user (Hospital & Diagnostic Laboratories, Research & Academic Institutes, and Biotechnology & Pharmaceutical Companies), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :HC-5262
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| 205 Pages
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Report Description
The global microplate systems market size was valued at USD 943.2 Mn in 2022 and is likely to reach USD 1609.8 Mn by 2031, expanding at a CAGR of 4.1% during 2023–2031. The market growth is attributed to the growing incidence of various diseases such as cancer, neurological disorders, and cardiac condition. The rising demand for scanning and imaging technologies in the healthcare sector is propelling the market.
Microplate is a simple glass plate, well-placed side by side in a rectangular matrix and commonly referred to as a microtiter. It is designed to hold microliter aliquots of samples used in analytical and clinical diagnostic testing laboratories. The microtiter plates are also called 96-well plates. It is designed for high throughput screening, cell culture, sample storage, and DNA extraction involving large samples.
Microplate systems are highly used in modern drug discovery and proteomic and genomic research to improve the test speed and accuracy to save time which helps researchers to work on more core tasks. This microplate offers technical flexibility to purify and extract molecules, confirm detection, and quantitative results within the same plate.
The manufacturing process for microplates is injection molding which includes materials polypropylene, polystyrene, and cyclo-olefin that have strong chemical and heat resistance. They have low extractability and biocompatibility which survive low temperatures for longer sample storage.
The COVID-19 pandemic boosted the microplate systems market due to increasing demand for effective diagnosis and sample filtration. Microplate systems are used in a variety of COVID-19 tests such as PCR (polymerase chain reaction) and ELISA (enzyme-linked immunosorbent assay). For instance, Dia. Pro Diagnostics Bioprobes SRL launched four EIA microplate kits to detect COVID-19 antibodies in humans and plasma. Such product development is expected to propel the sale of microplate systems.
Microplate Systems Market Dynamic
Major Drivers
Rising prevalence of chronic and infectious diseases across the globe is driving the need for advanced medical diagnostic systems. The growing demand for advanced medical devices is due to the rising geriatric population across the world, especially in developing countries such as India and China. This population is more prone to various health conditions, including orthopedics disorders and neurological and cardiac diseases, which is fueling the demand for microplate systems.
Existing Restraints
Rising cost of advanced microplate systems and a lack of awareness about novel techniques in developing regions are factors restraining the growth of the market. Cost is a barrier to small laboratories or facilities with limited budgets. Some microplate systems are complex to operate and maintain which can require specialized training and technical support.
Emerging Opportunities
Increasing government funding for laboratories is the major factor that is likely to offer immense growth opportunities in the market. Moreover, the growing need for lab testing and advanced medical devices due to the rising infectious disease and for better treatments of patients. Increasing research & development activities in the healthcare sector in developing countries and the rising popularity of automated cell-based and biochemical assays in biotechnology industries are expected to create lucrative opportunities for the market.
Scope of the Microplate Systems Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Microplate Systems Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Product (Microplate Reader [ Single-mode and Multi-mode] Microplate Pipetting System & Dispenser, and Microplate Washer), Application (Genomics & Proteomics Research, Clinical Diagnostics, and Drug Discovery), and End-user (Hospital & Diagnostic Laboratories, Research & Academic Institutes, and Biotechnology & Pharmaceutical Companies) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Agilent Technologies, Inc.; Porvair plc; Tecan Trading AG, Switzerland; Shenzhen Mindray Bio-Medical Electronics Co., Ltd.; Bruker; Molecular Devices, LLC; Bio-Rad Laboratories, Inc.; Thermo Fisher Scientific Inc.; DYNEX Technologies; and PerkinElmer Inc. |
Microplate Systems Market Segment Insights
Based on product, the microplate systems market is divided into microplate reader, microplate pipetting system & dispenser, and microplate washer. The microplate reader segment is further divided into single-mode and multi-mode. The microplate reader segment is expected to grow significantly during the projection period due to an increase in demand for genomics and proteomics research for DNA quantification methods. It is an optical device that detects and quantifies the parameter of interest also widely utilized in molecular biology research. Single-mode microplate analysis of a single sample per well and multi-mode microplate enables analysis of multiple samples in a single well.
The microplate pipetting system &dispenser segment is expected to expand at a significant growth rate in the coming years due growing adoption of automation in the laboratory and advancement in technology. Laboratories are increasingly adopting automation to improve accuracy and reduce errors. Microplate pipetting system automatically delivers a set amount of liquid in the nanoliter, microliter, and milliliter range into a tube or microplate and saves time with increased productivity. Dispenser system is used in proteomics, forensics, and food safety.
For instance, INTEGRA introduces a new reagent dispenser called WELLJET, this innovative technology enables accurate hand-free, and speedy bulk dispensing for six to 1536 microwell plates.
On the basis of application, the global market is segregated into genomics & proteomics research, clinical diagnostics, and drug discovery. The genomics & proteomics segment is anticipated to hold a key share of the market, due to rising demand for new approaches in proteomics and genomics. The microplate systems and readers are widely used in proteomics and genomics research for advanced genotyping assays, DNA quantification methods, and some staining techniques. The high usage of microplate systems for ideal measurements, efficient sensitivity, and flexibility of such factors significantly generate revenue for the genomics and proteomics segment.
The drug discovery segment is projected to register a considerable CAGR during the forecast period due to the high content screening (HCS). Drug discovery is the process of identifying medicinal entities by combining computational, translational, and clinical models. HCS technology is used for biological research and toxicity screening to identify potential drugs candidate to evaluate efficacy and safety. The significant information-rich data produced by microplates are generally used to improve discovery screening.
On the basis of end-user, the microplate systems market is segmented into hospital & diagnostic laboratories, research & academic institutes, and biotechnology & pharmaceutical companies. The biotechnology and pharmaceutical company segment is expected to register a robust growth rate during the forecast period due to genomic and proteomic research relying on microplate systems to improve test speed and accuracy. Genomic and proteomic allow researchers to understand the functional gene products and microbial metabolism in a system that accelerates the speed of R&D. Increasing government initiatives for advanced laboratories and product launch is expected to fuel the growth of the market.
In terms of region, the global microplate systems market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period due to the presence of numerous hospitals, research institutes, and advanced healthcare infrastructure. Growing adoption of cell-based research techniques by major research institutes which is important in drug discovery and toxicity testing. Automation technology made it easier to perform complex cell-based assays using a microplate system. Technical advances constantly in microplate systems with advanced features and capabilities with increasing accuracy of a laboratory assay.
The market in Asia-Pacific is projected to expand at a significant CAGR during the forecast period, owing to growing demand for advanced diagnostic centers for curbing the prevalence of chronic disease. The demand is growing in the region due to the increasing government initiatives in emerging economies such as India, China, and Japan to provide advanced diagnostics devices for hospitals for emphasizing early diagnosis of chronic disease. This is expected to create lucrative opportunities for the key players present in the region during the forecast period.
Segments
The microplate systems market has been segmented on the basis of
Product
- Microplate Readers
- Single-mode
- Multi-mode
- Microplate Pipetting Systems & Dispensers
- Microplate Washers
Application
- Genomics and Proteomics Research
- Clinical Diagnostics
- Drug Discovery
End-user
- Hospital & Diagnostic Laboratories
- Research & Academic Institutes
- Biotechnology & Pharmaceutical Companies
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Agilent Technologies, Inc.
- Porvair plc
- Tecan Trading AG, Switzerland,
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- Bruker
- Molecular Devices, LLC
- Bio-Rad Laboratories, Inc.
- Thermo Fisher Scientific Inc.
- DYNEX Technologies
- PerkinElmer Inc.
Competitive Landscape
Key players competing in the global microplate systems market are Agilent Technologies, Inc.; Porvair plc; Tecan Trading AG, Switzerland; Shenzhen Mindray Bio-Medical Electronics Co., Ltd.; Bruker; Molecular Devices, LLC; Bio-Rad Laboratories, Inc.; Thermo Fisher Scientific Inc.; DYNEX Technologies; and PerkinElmer Inc.
These companies adopted development strategies including acquisitions, partnerships, product launches, innovation, and production expansion to expand their consumer base worldwide. For instance,
- On 1st August 2022, Porvair plc low profile microplates offer the efficient use of stacking space helping to achieve efficient automation workflows. It is designed to deliver a sample of 0.5ml / well in a plate height of just 27mm, these low-profile 96-well microplates are ideal for a wide range of biotechnology, pharmaceutical, and healthcare storage applications.
- On 14th April 2022, Molecular Devices, LLC., a Danaher Corporation business and a leading developer of high-performance life science solutions launched SpectraMax, a Mini Multi-Mode Microplate Reader. It is a cost-friendly solution designed with features such as easy-to-use, flexible, and auto PMT technology.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Microplate Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Microplate Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Microplate Systems Market - Supply Chain
4.5. Global Microplate Systems Market Forecast
4.5.1. Microplate Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Microplate Systems Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Microplate Systems Market Absolute $ Opportunity
5. Global Microplate Systems Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Microplate Systems Market Size and Volume Forecast by Applications
5.3.1. Genomics and Proteomics Research
5.3.2. Clinical Diagnostics
5.3.3. Drug Discovery
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Microplate Systems Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Microplate Systems Market Size and Volume Forecast by End Users
6.3.1. Hospital & Diagnostic Laboratories
6.3.2. Research & Academic Institutes
6.3.3. Biotechnology & Pharmaceutical Companies
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Microplate Systems Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Microplate Systems Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Microplate Systems Demand Share Forecast, 2019-2026
8. North America Microplate Systems Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Microplate Systems Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Microplate Systems Market Size and Volume Forecast by Applications
8.4.1. Genomics and Proteomics Research
8.4.2. Clinical Diagnostics
8.4.3. Drug Discovery
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. North America Microplate Systems Market Size and Volume Forecast by End Users
8.7.1. Hospital & Diagnostic Laboratories
8.7.2. Research & Academic Institutes
8.7.3. Biotechnology & Pharmaceutical Companies
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Microplate Systems Demand Share Forecast, 2019-2026
9. Latin America Microplate Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Microplate Systems Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Microplate Systems Market Size and Volume Forecast by Applications
9.4.1. Genomics and Proteomics Research
9.4.2. Clinical Diagnostics
9.4.3. Drug Discovery
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Latin America Microplate Systems Market Size and Volume Forecast by End Users
9.7.1. Hospital & Diagnostic Laboratories
9.7.2. Research & Academic Institutes
9.7.3. Biotechnology & Pharmaceutical Companies
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Microplate Systems Demand Share Forecast, 2019-2026
10. Europe Microplate Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Microplate Systems Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Microplate Systems Market Size and Volume Forecast by Applications
10.4.1. Genomics and Proteomics Research
10.4.2. Clinical Diagnostics
10.4.3. Drug Discovery
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Europe Microplate Systems Market Size and Volume Forecast by End Users
10.7.1. Hospital & Diagnostic Laboratories
10.7.2. Research & Academic Institutes
10.7.3. Biotechnology & Pharmaceutical Companies
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Microplate Systems Demand Share Forecast, 2019-2026
11. Asia Pacific Microplate Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Microplate Systems Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Microplate Systems Market Size and Volume Forecast by Applications
11.4.1. Genomics and Proteomics Research
11.4.2. Clinical Diagnostics
11.4.3. Drug Discovery
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Asia Pacific Microplate Systems Market Size and Volume Forecast by End Users
11.7.1. Hospital & Diagnostic Laboratories
11.7.2. Research & Academic Institutes
11.7.3. Biotechnology & Pharmaceutical Companies
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Microplate Systems Demand Share Forecast, 2019-2026
12. Middle East & Africa Microplate Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Microplate Systems Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Microplate Systems Market Size and Volume Forecast by Applications
12.4.1. Genomics and Proteomics Research
12.4.2. Clinical Diagnostics
12.4.3. Drug Discovery
12.5. Basis Point Share (BPS) Analysis by Applications
12.6. Y-o-Y Growth Projections by Applications
12.7. Middle East & Africa Microplate Systems Market Size and Volume Forecast by End Users
12.7.1. Hospital & Diagnostic Laboratories
12.7.2. Research & Academic Institutes
12.7.3. Biotechnology & Pharmaceutical Companies
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Microplate Systems Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Microplate Systems Market: Market Share Analysis
13.2. Microplate Systems Distributors and Customers
13.3. Microplate Systems Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Agilent Technologies, Inc.
13.4.2. Porvair plc
13.4.3. Tecan Trading AG, Switzerland,
13.4.4. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
13.4.5. Bruker
13.4.6. Molecular Devices, LLC
13.4.7. Bio-Rad Laboratories, Inc.
13.4.8. Thermo Fisher Scientific Inc.
13.4.9. DYNEX Technologies
13.4.10. PerkinElmer Inc.
Methodology
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