The Global Market for Microplate Instrumentation and Supplies is Projected to Reach US$6.5 Billion by 2022

Technology Upgrades and Surge in Demand for High Throughput Screening Applications Drive the Microplate Instrumentation & Supplies Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market size, share and demand forecasts on the global Microplate Instrumentation & Supplies market. The global market for Microplate Instrumentation and Supplies is projected to reach US$6.5 billion by 2022, driven by increased CAPEX on lab automation in the field of clinical diagnostics and growing investments in drug discovery and research and increased adoption of high throughput screening technologies to reduce time-to-market and optimize project cost and profitability.

Microplate instrumentation, an integral component of lab automation market, finds use in myriad applications including medicine, drug discovery, pharmaceuticals, microbiology, and virology among others. High throughput screening (HTS) applications in drug discovery processes, pharmaceutical and life science research comprise the primary growth drivers in microplate instrumentation market. Other drivers include technology advancements focused on enhancing laboratory efficiency, accuracy and precision, and incorporation of features that offer the ability to customize the workflow for a particular experiment. Miniature and compact sized microplate instruments are growing in popularity, given their ability to reduce consumption of expensive reagents and improve throughput.

Within the microplate instrumentation market, microplate readers form the core detection segment. Although an established technology, microplate readers market continues to embrace technology upgrades centered on improving functionality, flexibility, speed, and throughput, to meet the requirements of emerging applications. With researchers demanding user-friendly and reliability features, vendors are introducing new advancements and advanced configurations to improve performance, and user interface. Multi-mode (MM) microplate readers designed for reading multiple detection modes are being extensively used in modern academic research, biotech and pharmaceutical laboratories. With advancements in MM plate reader technology primarily focused on the adding new modes along with enhancing hardware specifications, such as microplate density, read time, and sensitivity,  modern day MM microplate readers are capable of reading up to 13 different detection modes. 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. Very-high-density plates such as the 3,456-well format are growing in demand as they use a small fraction of reagents and cells, thus saving operating and overhead costs.

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 6.7% over the analysis period led by factors such as government policy led support for life sciences R&D investments; growing trend of outsourcing pharma research and development to low cost developing countries, mushrooming of Contract Research Organizations (CRO), establishment of new research facilities and growing focus on upgrades and replacement of obsolete lab equipment such as detection instruments, liquid handling instruments etc.

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.

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