The study estimates the microplate systems market size for 2017 and projects its revenuetill 2022. In the primary research process, various sources from both demand side and supply side were interviewed to obtain qualitative and quantitative information for the report. Primary sources from the demand side included hospitals, research institutes, and laboratories.
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The global microplate systems market is expected to reach USD 996.9 million by 2022 from USD 820.3million in 2017 at a CAGR of 4.0%. This market is experiencing significant growth due to increasing R&D expenditure in the pharmaceutical industry, increasing focus on miniaturization, technological advancements, and growing prevalence of diseases.
Target Audience for this Report:
- Manufacturers of microplate system products
- Distributors of microplate system products
- Venture capitalists
- Government and academic institutes
- Lab automation equipment and software solution providers
- Research laboratories, diagnostic centers, hospitals, and research institutes
- Pharmaceutical & biopharmaceutical companies
- Consulting firms
Microplate system market is highly competitive with presence of several small and big players.
Prominent players in microplate system market include BioTek (US), Danaher (US), PerkinElmer (US), Tecan (Switzerland), Thermo Fisher (US), BMG LABTECH (Germany), BERTHOLD (Germany), Agilent (US), Bio-Rad (US), Promega (US), Biochrom (UK), Corning (US), Lonza (Switzerland), Rayto (China), and Mindray (China).
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The microplate systems market readers segment is expected to hold largest share of market in 2017 and projected to register the highest CAGR during forecast period. High demand for these systems due to increasing number of research activities are key factors driving the growth of this segment.
“Biotechnology and pharmaceutical companies is expected to dominate market during forecast period.”
1 Attractive Market Opportunities in the Microplate System Market
2 Microplate System Market, By Application
3 Geographic Analysis: Microplate System Market in Asia Pacific, By Application and Country
4 Microplate Systems Market, By Product
5 Microplate System Market, By End User
6 Geographical Snapshot of the Microplate Systems Market
North America is expected to account for the largest share of the market followed by Europe. Asia Pacific is expected to register the highest CAGR during the forecast period.
This can be attributed to factors such as the growing focus on research-related funding activities by government organizations, increasing healthcare investments, increasing ageing population, and increasing prevalence of diseases.
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Report segments microplate systems market into product, application, end user, and region. Based on product, the market is segmented into microplate readers, microplate pipetting systems and dispensers, microplate washers, and other products.
In 2017, microplate readers are estimated to account for the largest share of the total market, followed by microplate pipetting systems and dispensers.
The growth of the microplate reader segment is attributed to the increasing number of applications of microplate readers in research and diagnostics.
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