Microplate Systems Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Microplate Readers( Multi-mode Microplate Readers, Single-Mode Microplate Readers), Microplate Pipetting Systems and Dispensers, Microplate Washers, Microplate Accessories & Software), By Application (Drug Discovery, Clinical Diagnostics, Genomics and Proteomics Research, Other Applications), By End User (Biotechnology & Pharmaceutical Companies, Hospitals & Diagnostic Laboratories, Academic & Research Institutes), By Region and Competition, 2019-2029F

April 2024 | 187 pages | ID: M97C8FF57888EN
TechSci Research

Abstracts

Global Microplate Systems Marketwas valued at USD 1.52 Billion in 2023 and is anticipated to project steady growth in the forecast period with a CAGR of 5.25% through 2029. The global microplate systems market has witnessed significant growth in recent years, driven by advancements in life sciences research, drug discovery, and diagnostics. Microplate systems play a crucial role in high-throughput screening, enabling researchers to simultaneously analyze multiple samples in a cost-effective and time-efficient manner.

Key Market Drivers

Increasing Demand in Drug Discovery and Development is Driving the Global Microplate Systems Market.

The pharmaceutical and biotechnology industries are experiencing a remarkable surge in demand for innovative solutions to expedite drug discovery and development processes. At the forefront of this technological revolution are Microplate Systems, versatile tools that play a pivotal role in enhancing efficiency, throughput, and accuracy in various laboratory applications. The Global Microplate Systems Market is witnessing unprecedented growth, propelled by the escalating demands in drug discovery and development. The pharmaceutical and biotechnology industries are witnessing an unprecedented influx of investments in research and development, driven by the urgent need for novel therapeutic solutions. Microplate Systems enable researchers to conduct high-throughput screening assays, accelerating the drug discovery process and reducing costs associated with labor and time.

The continuous advancements in assay technologies, particularly in cell-based assays and high-content screening, have necessitated sophisticated and efficient detection systems. Microplate Systems offer a versatile platform for researchers to conduct a variety of assays, including enzyme-linked immunosorbent assays (ELISA), polymerase chain reaction (PCR), and cell viability assays. The global burden of chronic diseases, such as cancer, diabetes, and cardiovascular diseases, is on the rise. This has led to an intensified focus on drug discovery and development to address unmet medical needs. Microplate Systems play a crucial role in accelerating the identification and validation of potential drug candidates. Automation has become a key focus in laboratory settings to enhance productivity and reduce manual errors. Microplate Systems seamlessly integrate with automated systems, enabling high-throughput screening of thousands of samples. This automation ensures reproducibility and reliability in experimental outcomes. Ongoing technological innovations in Microplate Systems, including the development of microfluidics and miniaturized assay formats, are expanding their capabilities. These innovations provide researchers with more options for designing complex experiments and conducting analyses with increased precision.

Rising Incidence of Chronic Diseases is Driving the Global Microplate Systems Market

In recent years, the world has witnessed a significant surge in the prevalence of chronic diseases, posing a formidable challenge to global healthcare systems. Chronic diseases such as diabetes, cancer, cardiovascular diseases, and autoimmune disorders have become major contributors to morbidity and mortality worldwide. This escalating health crisis has spurred the demand for advanced diagnostic and research tools, propelling the growth of the global microplate systems market. Microplate systems play a crucial role in disease research and diagnostics, providing a platform for conducting multiple assays simultaneously. These systems enable researchers to analyze large sample volumes, screen numerous compounds, and perform complex biochemical analyses in a high-throughput manner. In the context of chronic diseases, microplate systems have proven instrumental in studying biomarkers, drug discovery, and understanding the underlying molecular mechanisms of these conditions.

The escalating prevalence of chronic diseases is a primary driver for the increased adoption of microplate systems. As the global burden of diseases such as diabetes, cancer, and cardiovascular disorders continues to rise, the need for efficient diagnostic and research tools becomes paramount. Pharmaceutical companies are increasingly relying on microplate systems for drug discovery and development processes. These systems allow for high-throughput screening of potential drug candidates, accelerating the pace of drug discovery and reducing research and development timelines. Ongoing technological advancements in microplate systems, including improved automation, enhanced sensitivity, and integration with other analytical instruments, are attracting researchers and clinicians. These advancements contribute to the efficiency and accuracy of laboratory processes, further driving market growth. The surge in funding and investments in life sciences research, particularly in the field of personalized medicine and genomics, has led to an increased demand for advanced laboratory equipment, including microplate systems. The growing emphasis on personalized medicine, which tailors medical treatment to the individual characteristics of each patient, has spurred the need for sophisticated diagnostic tools. Microplate systems play a pivotal role in the development and implementation of personalized medicine strategies.

Key Market Challenges

Cost Constraints

One of the primary challenges faced by potential buyers is the high initial investment required for acquiring microplate systems. The sophisticated technology, automation features, and precision engineering involved in these systems contribute to their elevated costs. This can be particularly daunting for smaller research institutions, startups, and laboratories with limited budgets. Beyond the initial purchase, microplate systems often incur significant operational costs. These include expenses related to consumables, maintenance, and software updates. The recurring nature of these costs can strain the financial resources of end-users, making it challenging to sustain the use of microplate systems over the long term.

The global microplate systems market is characterized by intense competition among manufacturers striving to offer cutting-edge technologies and features. While competition can drive innovation, it also puts pressure on companies to keep prices competitive. Striking a balance between delivering advanced features and maintaining affordability becomes a complex task for manufacturers. Many research laboratories require customized solutions to meet specific experimental needs. Manufacturers may charge additional fees for customization, adding to the overall cost of implementing microplate systems. This customization may involve software modifications, specialized hardware components, or unique assay configurations.

Key Market Trends

Technological Advancements

In the dynamic landscape of modern science and research, technological advancements are playing a pivotal role in shaping the trajectory of various industries. One such sector experiencing remarkable growth is the Global Microplate Systems Market. Microplate systems, including microplate readers, washers, and handlers, have become indispensable tools in laboratories worldwide, driving efficiency, accuracy, and throughput. One of the key technological drivers behind the growth of the microplate systems market is the integration of automation and robotics. Automation has significantly improved the efficiency and reliability of laboratory processes. Automated microplate systems, equipped with robotic arms, allow for high-throughput screening and analysis, reducing human error and increasing experimental reproducibility. This capability is especially crucial in drug discovery, genomics, and clinical diagnostics.

Advancements in imaging and detection technologies have elevated the capabilities of microplate readers. High-performance detectors, such as photomultiplier tubes and charge-coupled devices, enable researchers to achieve exceptional sensitivity and resolution. This enhanced imaging capability is vital for applications like enzyme-linked immunosorbent assays (ELISA), fluorescence, and luminescence assays, empowering scientists to detect and quantify biological molecules with unprecedented precision. The ongoing trend of miniaturization has allowed researchers to perform complex assays with smaller sample volumes. Microplate systems have evolved to accommodate microscale experiments, enabling cost-effective and resource-efficient research. This miniaturization has led to increased assay complexity, allowing for the simultaneous analysis of multiple parameters in a single experiment. This multi-parametric approach is particularly valuable in fields such as personalized medicine and high-throughput drug screening.

Technological advancements are not limited to hardware; the integration of informatics and data management systems has become integral to the modern microplate workflow. Advanced software solutions enable seamless data acquisition, analysis, and sharing. Real-time monitoring and reporting capabilities enhance the speed of decision-making in research and development processes, fostering collaboration and innovation. A recent breakthrough in the microplate systems market is the emergence of three-dimensional (3D) microplate systems. These innovative platforms mimic in vivo environments more closely than traditional 2D systems, offering researchers a more accurate representation of biological responses. 3D microplate systems are gaining traction in drug discovery, toxicology, and regenerative medicine, opening new avenues for cutting-edge research.

The life sciences and drug discovery sectors are witnessing a surge in demand for advanced microplate systems. The integration of high-throughput screening technologies and automated workflows has accelerated the drug discovery process. Microplate systems have become indispensable in studying cellular pathways, identifying potential drug candidates, and optimizing drug formulations, contributing significantly to the development of novel therapeutics.

Segmental Insights

ProductInsights

Basedon the category of product,Microplate Readersemerged as the dominant player in the global market for Microplate Systems in 2023.Microplate readers, also known as microplate spectrophotometers or microplate photometers, are sophisticated instruments designed to measure various biochemical and chemical properties of samples contained within microplates. These readers are widely used in life sciences, pharmaceuticals, biotechnology, and clinical diagnostics, enabling researchers and scientists to conduct high-throughput analyses with precision and efficiency. Microplate readers are versatile instruments capable of performing a range of assays, including enzyme-linked immunosorbent assays (ELISA), cell viability assays, nucleic acid quantification, and protein assays. This versatility makes them valuable tools for researchers across different disciplines. One of the primary advantages of microplate readers is their ability to process a large number of samples simultaneously. This high-throughput capability significantly accelerates experimental workflows, saving time and resources for researchers.

Applications Insights

The Drug Discovery segment is projected to experience rapid growth during the forecast period. The field of drug discovery has become a driving force behind the remarkable growth of the global microplate systems market. As advancements in life sciences continue to accelerate, the demand for efficient and high-throughput technologies has soared, with microplate systems emerging as a cornerstone in drug development processes. The pharmaceutical and biotechnology industries are the primary contributors to the escalating demand for microplate systems. As companies strive to build robust drug pipelines and address unmet medical needs, the need for efficient and high-throughput screening technologies becomes paramount. Microplate systems have become indispensable tools in the pursuit of novel drug candidates, driving substantial investments in research and development.

Regional Insights

North America emerged as the dominant player in the global Microplate Systems market in 2023, holding the largest market share in terms of value. North America boasts a robust research and development infrastructure, with numerous academic and research institutions, pharmaceutical companies, and biotechnology firms. This ecosystem fosters innovation and drives the demand for cutting-edge laboratory equipment like microplate systems. The region's commitment to advancing scientific research propels the growth of the microplate systems market. The pharmaceutical and biotechnology industries are significant consumers of microplate systems. North America houses a considerable number of pharmaceutical giants and biotech startups, leading to a consistent demand for advanced laboratory equipment. The need for high-throughput screening in drug discovery processes has fueled the adoption of microplate systems, contributing to North America's dominance in the global market.

Key Market Players

Lonza Group LTD.

Bio-Rad Laboratories Inc.

Agilent Technologies Inc.

Shenzhen Mindray Bio-Medical Electronics Co., Ltd

Thermo Fisher Scientific Inc.

Danaher Corporation

BMG Labtech GmbH

Promega Corporation

Bruker Corporation

DYNEX Technologies Inc.

Report Scope:

In this report, the Global Microplate Systems Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Microplate Systems Market,By Product:

oMicroplate Readers

oMicroplate Pipetting Systems and Dispensers

oMicroplate Washers

oMicroplate Accessories Software

Microplate Systems Market,By Application:

oDrug Discovery

oClinical Diagnostics

oGenomics and Proteomics Research

oOther Applications

Microplate Systems Market,By End User:

oBiotechnology Pharmaceutical Companies

oHospitals Diagnostic Laboratories

oAcademic Research Institutes

Microplate Systems Market, By Region:

oNorth America

• United States
• Canada
• Mexico

oEurope

• France
• United Kingdom
• Italy
• Germany
• Spain

oAsia-Pacific

• China
• India
• Japan
• Australia
• South Korea

oSouth America

• Brazil
• Argentina
• Colombia

oMiddle East Africa

• South Africa
• Saudi Arabia
• UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Microplate Systems Market.

Available Customizations:

Global Microplate Systems marketreport with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Contents

1.PRODUCT OVERVIEW

1.1.Market Definition
1.2.Scope of the Market
  1.2.1.Markets Covered
  1.2.2.Years Considered for Study
  1.2.3.Key Market Segmentations

2.RESEARCH METHODOLOGY

2.1.Objective of the Study
2.2.Baseline Methodology
2.3.Key Industry Partners
2.4.Major Association and Secondary Sources
2.5.Forecasting Methodology
2.6.Data Triangulation Validation
2.7.Assumptions and Limitations

3.EXECUTIVE SUMMARY

3.1.Overview of the Market
3.2.Overview of Key Market Segmentations
3.3.Overview of Key Market Players
3.4.Overview of Key Regions/Countries
3.5.Overview of Market Drivers, Challenges, and Trends

4.VOICE OF CUSTOMER

5.GLOBAL MICROPLATE SYSTEMS MARKET OUTLOOK

5.1.Market Size Forecast
  5.1.1.By Value
5.2.Market Share Forecast
  5.2.1.By Product (Microplate Readers( Multi-mode Microplate Readers, Single-Mode Microplate Readers), Microplate Pipetting Systems and Dispensers, Microplate Washers, Microplate Accessories Software)
  5.2.2.By Application (Drug Discovery, Clinical Diagnostics, Genomics and Proteomics Research, Other Applications)
  5.2.3.By End User?(Biotechnology Pharmaceutical Companies, Hospitals Diagnostic Laboratories, Academic Research Institutes)
  5.2.4.By Company (2023)
  5.2.5.By Region
5.3.Market Map

6.NORTH AMERICA MICROPLATE SYSTEMS MARKET OUTLOOK

6.1.Market Size Forecast
  6.1.1.By Value
6.2.Market Share Forecast
  6.2.1.By Product
  6.2.2.By Application
  6.2.3.By End User
  6.2.4.By Country
6.3.North America: Country Analysis
  6.3.1.United States Microplate Systems Market Outlook
    6.3.1.1.Market Size Forecast
      6.3.1.1.1.By Value
    6.3.1.2.Market Share Forecast
      6.3.1.2.1.By Product
      6.3.1.2.2.By Application
      6.3.1.2.3.By End User
  6.3.2.Mexico Microplate Systems Market Outlook
    6.3.2.1.Market Size Forecast
      6.3.2.1.1.By Value
    6.3.2.2.Market Share Forecast
      6.3.2.2.1.By Product
      6.3.2.2.2.By Application
      6.3.2.2.3.By End User
  6.3.3.Canada Microplate Systems Market Outlook
    6.3.3.1.Market Size Forecast
      6.3.3.1.1.By Value
    6.3.3.2.Market Share Forecast
      6.3.3.2.1.By Product
      6.3.3.2.2.By Application
      6.3.3.2.3.By End User

7.EUROPE MICROPLATE SYSTEMS MARKET OUTLOOK

7.1.Market Size Forecast
  7.1.1.By Value
7.2.Market Share Forecast
  7.2.1.By Product
  7.2.2.By Application
  7.2.3.By End User
  7.2.4.By Country
7.3.Europe: Country Analysis
  7.3.1.France Microplate Systems Market Outlook
    7.3.1.1.Market Size Forecast
      7.3.1.1.1.By Value
    7.3.1.2.Market Share Forecast
      7.3.1.2.1.By Product
      7.3.1.2.2.By Application
      7.3.1.2.3.By End User
  7.3.2.Germany Microplate Systems Market Outlook
    7.3.2.1.Market Size Forecast
      7.3.2.1.1.By Value
    7.3.2.2.Market Share Forecast
      7.3.2.2.1.By Product
      7.3.2.2.2.By Application
      7.3.2.2.3.By End User
  7.3.3.United Kingdom Microplate Systems Market Outlook
    7.3.3.1.Market Size Forecast
      7.3.3.1.1.By Value
    7.3.3.2.Market Share Forecast
      7.3.3.2.1.By Product
      7.3.3.2.2.By Application
      7.3.3.2.3.By End User
  7.3.4.Italy Microplate Systems Market Outlook
    7.3.4.1.Market Size Forecast
      7.3.4.1.1.By Value
    7.3.4.2.Market Share Forecast
      7.3.4.2.1.By Product
      7.3.4.2.2.By Application
      7.3.4.2.3.By End User
  7.3.5.Spain Microplate Systems Market Outlook
    7.3.5.1.Market Size Forecast
      7.3.5.1.1.By Value
    7.3.5.2.Market Share Forecast
      7.3.5.2.1.By Product
      7.3.5.2.2.By Application
      7.3.5.2.3.By End User

8.ASIA-PACIFIC MICROPLATE SYSTEMS MARKET OUTLOOK

8.1.Market Size Forecast
  8.1.1.By Value
8.2.Market Share Forecast
  8.2.1.By Product
  8.2.2.By Application
  8.2.3.By End User
  8.2.4.By Country
8.3.Asia-Pacific: Country Analysis
  8.3.1.China Microplate Systems Market Outlook
    8.3.1.1.Market Size Forecast
      8.3.1.1.1.By Value
    8.3.1.2.Market Share Forecast
      8.3.1.2.1.By Product
      8.3.1.2.2.By Application
      8.3.1.2.3.By End User
  8.3.2.India Microplate Systems Market Outlook
    8.3.2.1.Market Size Forecast
      8.3.2.1.1.By Value
    8.3.2.2.Market Share Forecast
      8.3.2.2.1.By Product
      8.3.2.2.2.By Application
      8.3.2.2.3.By End User
  8.3.3.South Korea Microplate Systems Market Outlook
    8.3.3.1.Market Size Forecast
      8.3.3.1.1.By Value
    8.3.3.2.Market Share Forecast
      8.3.3.2.1.By Product
      8.3.3.2.2.By Application
      8.3.3.2.3.By End User
  8.3.4.Japan Microplate Systems Market Outlook
    8.3.4.1.Market Size Forecast
      8.3.4.1.1.By Value
    8.3.4.2.Market Share Forecast
      8.3.4.2.1.By Product
      8.3.4.2.2.By Application
      8.3.4.2.3.By End User
  8.3.5.Australia Microplate Systems Market Outlook
    8.3.5.1.Market Size Forecast
      8.3.5.1.1.By Value
    8.3.5.2.Market Share Forecast
      8.3.5.2.1.By Product
      8.3.5.2.2.By Application
      8.3.5.2.3.By End User

9.SOUTH AMERICA MICROPLATE SYSTEMS MARKET OUTLOOK

9.1.Market Size Forecast
  9.1.1.By Value
9.2.Market Share Forecast
  9.2.1.By Product
  9.2.2.By Application
  9.2.3.By End User
  9.2.4.By Country
9.3.South America: Country Analysis
  9.3.1.Brazil Microplate Systems Market Outlook
    9.3.1.1.Market Size Forecast
      9.3.1.1.1.By Value
    9.3.1.2.Market Share Forecast
      9.3.1.2.1.By Product
      9.3.1.2.2.By Application
      9.3.1.2.3.By End User
  9.3.2.Argentina Microplate Systems Market Outlook
    9.3.2.1.Market Size Forecast
      9.3.2.1.1.By Value
    9.3.2.2.Market Share Forecast
      9.3.2.2.1.By Product
      9.3.2.2.2.By Application
      9.3.2.2.3.By End User
  9.3.3.Colombia Microplate Systems Market Outlook
    9.3.3.1.Market Size Forecast
      9.3.3.1.1.By Value
    9.3.3.2.Market Share Forecast
      9.3.3.2.1.By Product
      9.3.3.2.2.By Application
      9.3.3.2.3.By End User

10.MIDDLE EAST AND AFRICA MICROPLATE SYSTEMS MARKET OUTLOOK

10.1.Market Size Forecast
  10.1.1.By Value
10.2.Market Share Forecast
  10.2.1.By Product
  10.2.2.By Application
  10.2.3.By End User
  10.2.4.By Country
10.3.MEA: Country Analysis
  10.3.1.South Africa Microplate Systems Market Outlook
    10.3.1.1.Market Size Forecast
      10.3.1.1.1.By Value
    10.3.1.2.Market Share Forecast
      10.3.1.2.1.By Product
      10.3.1.2.2.By Application
      10.3.1.2.3.By End User
  10.3.2.Saudi Arabia Microplate Systems Market Outlook
    10.3.2.1.Market Size Forecast
      10.3.2.1.1.By Value
    10.3.2.2.Market Share Forecast
      10.3.2.2.1.By Product
      10.3.2.2.2.By Application
      10.3.2.2.3.By End User
  10.3.3.UAE Microplate Systems Market Outlook
    10.3.3.1.Market Size Forecast
      10.3.3.1.1.By Value
    10.3.3.2.Market Share Forecast
      10.3.3.2.1.By Product
      10.3.3.2.2.By Application
      10.3.3.2.3.By End User

11.MARKET DYNAMICS

11.1.Drivers
11.2.Challenges

12.MARKET TRENDS DEVELOPMENTS

12.1.Merger Acquisition (If Any)
12.2.Product Launches (If Any)
12.3.Recent Developments

13.PORTERS FIVE FORCES ANALYSIS

13.1.Competition in the Industry
13.2.Potential of New Entrants
13.3.Power of Suppliers
13.4.Power of Customers
13.5.Threat of Substitute Products

14.COMPETITIVE LANDSCAPE

14.1.Lonza Group Ltd.
  14.1.1.Business Overview
  14.1.2.Company Snapshot
  14.1.3.Products Services
  14.1.4.Financials (As Reported)
  14.1.5.Recent Developments
  14.1.6.Key Personnel Details
  14.1.7.SWOT Analysis
14.2.Bio-Rad Laboratories Inc.
14.3.Agilent Technologies Inc.
14.4.Shenzhen Mindray Bio-Medical Electronics Co., Ltd
14.5.Thermo Fisher Scientific Inc.
14.6.Danaher Corporation
14.7.BMG Labtech GmbH
14.8.Promega Corporation
14.9.Bruker Corporation
14.10.DYNEX Technologies Inc.

15.STRATEGIC RECOMMENDATIONS

16.ABOUT US DISCLAIMER