The Global Market for Microplate Instrumentation & Supplies is Projected to Reach US$5.9 Billion by 2020

Growing Demand for High Throughput Screening Drives the Microplate Instrumentation & Supplies Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Microplate Instrumentation & Supplies. The global market for Microplate Instrumentation & Supplies is projected to reach US$5.9 billion by 2020, driven by increasing demand for high throughput screening, growing trend towards lab automation, and technological developments.

Microplates are high-throughput, convenient tools that find use in conducting various examinations such as tissue culture tests, PCR tests, and immunological assays. Microplates carry significance when used with a range of other instruments for laboratory analysis such as washers, readers, dispensing systems, incubators and software among others, together called microplate instrumentation. Playing a pivotal role in laboratory automation and simplification of research process, microplate instrumentation replaced conventional micro test tubes and cuvettes for running medium-to-high throughput assays. Ever increasing testing volumes prompted several laboratories to implement lab automation, where microplate instrumentation is an integral component. Growth in the market is driven by increased use in drug discovery research and high throughput screening applications. Other drivers include advanced configurations involving capabilities for multimode detection, and applications using fluorescence detection technologies. Miniature and compact sized microplate instruments are growing in popularity, given their ability to reduce consumption of expensive reagents and improve throughput.

Incessant developments characterize the microplate readers market. Innovation and optimization continue to spur market growth, with new products emerging across the board from simple microtiter plate readers designed for specific function to sophisticated instruments that are capable of handling various tasks. Applications for microplate readers are on the rise in tandem with increasing detection modes. Microplate washers, which eliminate residue and avoid contamination, find use in a myriad laboratory washing applications including microsphere-based assays, vacuum filtration assays, cell-based assays, biomagnetic separation and ELISA. Automated microplate washers have been gaining popularity among laboratory applications driven by their ability to offer low intra- and inter-plate variability coupled with improved assay performance. Innovation in this space is driven in part by growing popularity of bead-based assays. As stated by the new market research report on Microplate Instrumentation & Supplies, the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 6.9% over the analysis period.

Major players in the market include Beckman Coulter, Inc., Biohit Oyj, Bio-Rad Laboratories, Inc., BioTek Instruments, Inc., BMG LABTECH GmbH, PerkinElmer, Inc., Tecan Group Ltd. and Thermo Fisher Scientific, Inc. among others.

The research report titled “Microplate Instrumentation & Supplies: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in value for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. Product segments analyzed include Microplate Readers (UV-Vis Spectrophotometers, Fluorometers, Luminometers, Scintillation Counters and Multimode Readers), Washers & Accessories, Liquid Handling & Robotic Equipment, and Microplates & Consumables.