Microplate Systems Market Growth Focusing on Trends & Innovations During the Period Until 2026

The report 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″, 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%.

Download Report Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=37081572

The growth in this market is attributed to the increasing R&D expenditure in the pharmaceutical industry, increasing focus on miniaturization and the growing prevalence of disease.

Key Market Players

The microplate systems market is highly consolidated and is dominated by various players. The major players operating in this market are Bio-Rad Laboratories Inc. (US), PerkinElmer (US), Danaher Corporation (US), Thermo Fisher Scientific (US), Agilent Technologies Inc. (US), Tecan (Switzerland), BMG Labtech (Germany), Promega Corporation (US), Enzo Life Sciences Inc. (US), Berthold Technologies (Germany), Biochrom (UK), Corning (US), Lonza (Switzerland), Brucker Corporation (US), Dynex Technologies (US), Bio-One International GmbH (Austria), Accuris Instruments (US), CTK Biotech Inc. (US), LTEK (South Korea), JASCO (Japan), Rayto (China), Micro Lab Instruments (India), Biohit Oyj (Finland), Mindray (China), and Hudson Robotics (US).

Microplate readers accounted for the larger share of the Microplate Systems Market in 2020

Based on the product, the microplate systems market is segmented into microplate readers, microplate pipetting systems and dispensers, microplate washers, and microplate accessories & software. In 2020, the microplate readers segment accounted for the larger share of the microplate systems market. The large share of this segment can be attributed to the increasing prevalence of diseases, the growing focus on drug discovery, and the rising R&D expenditure by pharmaceutical companies.

By application, the drug discovery segment accounted for the largest market share in 2020

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 accounted for the largest market share in 2020. The need for high-/ultra-high-throughput screening and reduced time-to-market for drugs are major driving factors for this market.

Biotechnology & Pharmaceutical are the largest end-users of the microplate systems market

Based on end-users, the microplate systems market is segmented into biotechnology & pharmaceutical companies, hospitals & diagnostic laboratories, and academic & research institutes. The biotechnology & pharmaceutical segment accounted for the largest market share in 2020 due to increasing government support in the form of funding for biotech and pharma research.

Inquiry Before Buying @https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=37081572

North America dominates the global microplate systems market

The microplate systems market is segmented into four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World. In 2020, North America accounted for the largest share of the microplate systems market. The large share of North America can be attributed to factors such as the government initiatives for cell-based research, the increasing acceptance of personalized medicine, increasing academic and government investments in diagnostic research, and increasing focus on drug discovery and development.

The major players in the microplate systems market are Danaher Corporation (US), Bio-Rad Laboratories Inc. (US), PerkinElmer (US), Thermo Fisher Scientific (US), Agilent Technologies Inc. (US), Tecan (Switzerland), BMG Labtech (Germany), Promega Corporation (US), Enzo Life Sciences Inc. (US), Berthold Technologies (Germany), Biochrom (UK), Corning (US), Lonza (Switzerland), Brucker Corporation (US), Dynex Technologies (US), Bio-One International GmbH (Austria), Accuris Instruments (US), CTK Biotech Inc. (US), LTEK (South Korea), JASCO (Japan), Rayto (China), Micro Lab Instruments (India), Biohit Oyj (Finland), Mindray (China), and Hudson Robotics (US).

Scope of the Reports:

Application:

  • Drug Discovery
  • Clinical Diagnostics
  • Genomics and Proteomics Research
  • Other Applications

Recent Developments:

  • In 2020, Agilent Technologies Inc. launched the BenchCel Microplate Handler
  • In 2019, Agilent Technologies Inc. acquired BioTek Instruments to strengthen its product portfolio

View detailed Table of Content here @https://www.marketsandmarkets.com/Market-Reports/microplate-systems-market-37081572.html

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Research Insights: https://www.marketsandmarkets.com/ResearchInsight/microplate-systems-market.asp

Visit Our Website: https://www.marketsandmarkets.com/

Content Source: https://www.marketsandmarkets.com/PressReleases/microplate-systems.asp