Global Microplate Systems Market Expected to Reach $1.4 Billion by 2030: Driven by Increasing Demand for Advanced Laboratory Technology

DUBLIN, July 12, 2023 /PRNewswire/ -- The "Microplate Systems: Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

The global market for Microplate Systems estimated at US$990.9 Million in the year 2022, is projected to reach a revised size of US$1.4 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030.

Readers, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$851.2 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Pipetting Systems & Dispensers segment is readjusted to a revised 3.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $366.8 Million, While China is Forecast to Grow at 7.6% CAGR

The Microplate Systems market in the U.S. is estimated at US$366.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$219.9 Million by the year 2030 trailing a CAGR of 7.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.1% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 3.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$137.1 Million by the year 2030.

Select Competitors (Total 155 Featured) -

• Agilent Technologies, Inc.
• Berthold Technologies GmbH & Co. KG
• Bio-Rad Laboratories, Inc.
• Biochrom Ltd.
• BioTek Instruments Inc.
• BMG LABTECH GmbH
• Corning Incorporated
• Danaher Corporation
• Molecular Devices, LLC
• Lonza Group AG
• PerkinElmer, Inc.
• Promega Corporation
• Rayto Life and Analytical Sciences Co., Ltd.
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
• Tecan Group Ltd.
• Thermo Fisher Scientific, Inc.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of COVID-19 and a Looming Global Recession
• COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019E to 2022F
• Overwhelming COVID-19 Testing Volumes Elevate Demand for Laboratory Systems & Supplies
• Total Number of COVID-19 Tests Conducted in Select Countries as of December 8th, 2020
• COVID-19 Outbreak Impacts Clinical Trials and Drug Development
• Impact on Microplate Systems Market
• COVID-19 Testing: A Vital Opportunity for Pipetting Systems
• Covid-19 Vaccines Research: Another Growth Avenue
• An Introduction to Microplate Technology
• Historical Timeline of Microplates and Peripheral Instrumentation Development
• Microplate Systems: A Prelude
• Manufacturing Process and Materials
• Microplate Readers
• Multi-Mode Microplate Readers and Their Advantages
• Ranking of Factors Considered While Purchasing a Microplate Reader
• Single-Mode Plate Readers
• Microplate Pipetting Systems and Dispensers
• Microplate Washers
• Microplate Washers for ELISA Applications
• A Review of End Use Application Market
• Major Fields of Science Using Microplates
• Market Driven by Drug Discovery
• The Drug Discovery Process
• High-Throughput Screening and Drug Discovery
• Global High-Throughput Screening Market Revenue Share by End Use: 2020E
• The Evolution of HTS
• Global Market Prospects & Outlook
• Developed Markets at the Vanguard, Emerging Regions Gather Pace
• Global Microplate Systems: Percentage Breakdown of Value Sales for Developed Regions and Developing Regions (2020 & 2027)
• Global Microplate Systems: Geographic Regions Ranked by CAGR (Value Sales) for 2020-2027: China, Asia-Pacific, Middle East, Latin America, Africa, USA, Europe, Canada, and Japan
• Microplate Readers Garner a Larger Pie
• North America Leads the Global Microplate Readers Market
• Microplate Washers Market: US, A Key Region
• Drug Discovery Segment: Fastest Growing Application
• Hospital & Diagnostic Laboratories: The Largest End Use Segment
• Competitive Scenario
• Recent Market Activity
• Select Technological Innovations
• Competition in the Microplate Readers Market
• Microplate Systems - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Microplate Instrumentation: The Laboratory Workhorse
• Increasing R&D Spending in the Pharmaceutical Industry Benefits Microplate Systems Market
• Global Pharmaceutical R&D Spending in US$ Billion for the Years 2019, 2021, 2023 and 2025
• US Pharmaceutical R&D Spending in US$ Billion for the Years 2011, 2013, 2015, 2017 and 2019
• Rising Prevalence of Infectious Diseases and Growing Need for Clinical Diagnostics Driving Growth in Global Microplate Systems Market
• Infectious Diseases Remain Major Cause of Death in Under Developed Regions: Breakdown of Leading Causes of Death in Sub-Saharan Africa (in %)
• Infectious Diseases Related Mortality High Among Children Below 5 Years: Breakdown of Leading Causes of Death in Children Below 5 Years (in %)
• Global Number of Deaths Caused Due to Communicable Diseases (In 000s)
• Burgeoning Population & Rising Incidence of Chronic Diseases Favor Market Growth
• Fatalities by Heart Conditions: Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
• Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
• Breakdown of Total Number of Cancer Cases by Cancer Site: 2020
• Rising Diabetes Prevalence Presents Opportunity for iPSCs Market: Number of Adults (20-79) with Diabetes (in Millions) by Region for 2017 and 2045
• Aging Demographics Add to the Global Burden of Chronic Diseases, Presenting Market Opportunities
• Expanding Elderly Population Worldwide: Breakdown of Number of People Aged 65+ Years in Million by Geographic Region for the Years 2019 and 2030
• Improving Healthcare Expenditure to Turbo Charge Future Growth of the Market
• World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
• Elderly Healthcare Expenditure as a % of GDP
• Uptrend in IVD Market Augments Demand
• Market to Gain from Growing Emphasis on Analytical Research
• Importance of ELISA Bodes Well for Market Expansion
• Growing Emphasis on Laboratory Automation Accelerates Growth
• World Laboratory Automation Market in US$ Billion for Years 2018, 2020, 2022, 2024 & 2026
• Microplate Readers in the Realm of Growing Applications and Advancing Technologies
• Microplate Readers: Redrawing Research Landscape
• Microplate Reader Modes
• Fluorescence
• Absorbance
• Luminescence
• Multi-Mode
• Flexibility and Throughput: Key to Microplate Reader Superior Performance
• Augmented R&D Initiatives and Emergence of HTS Drive Demand for Microplate Readers
• Multi-Mode Microplate Readers to Witness Stronger Growth
• Upgradability Driving Evolution of Multimode Microplate Readers
• Fluorescence and Luminometers Gain at the Expense of Absorbance Readers
• Innovations in Fluorescence Technologies
• Technological Advances Improve Sophistication Quotient of Microplate Readers
• Environmental Control in Readers: Expanding Applications to Live Cell Assays
• Strong Demand Anticipated for Automated Microplate Washers Owing to Work Efficiencies Provided
• High-End Microplate Washers Offer Enhanced Capabilities
• Automated Microplate Washers Gain Popularity
• Touch Technology in Microplate Washers on the Rise
• Rising Popularity of Bead-Based Assays Drives Innovation in Microplate Washers
• High Maintenance Cost Restricts Anticipated Growth
• Microplate Handlers - Easing Microplate Workflow

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/1xcv1r

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