(EMAILWIRE.COM, January 23, 2019 ) 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 global microplate systems market is expected to reach USD 996.9 million by 2022 from USD 820.3 million 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.
Executive Summary
Premium Insights
4.1 Attractive Market Opportunities in the Microplate System Market
4.2 Microplate System Market, By Application
4.3 Geographic Analysis: Microplate System Market in Asia Pacific, By Application and Country
4.4 Microplate Systems Market, By Product
4.5 Microplate System Market, By End User
4.6 Geographical Snapshot of the Microplate Systems Market
Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing R&D Expenditure in the Pharmaceutical Industry
5.2.1.2 Increasing Focus on Miniaturization
5.2.1.3 Technological Advancement
5.2.1.4 Growing Prevalence of Diseases
5.2.2 Opportunities
5.2.2.1 Potential for Microplate Systems in Emerging Markets
5.2.3 Challenges
5.2.3.1 High Costs of Microplate System
Microplate systems consist of readers, assays, software, and dispensers and are widely used in research and diagnostics that need rapid and high-throughput analysis. They are also used in a range of diagnostic applications for maintaining food safety. They also find potential applications in a wide spectrum of assays such as DNA/RNA quantitation, the enzyme-linked immunosorbent assays, protein assays, and cell migration assays.
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The study estimates the microplate systems market size for 2017 and projects its demand till 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.
The microplate systems market is expected to profusely benefit from the constant industry focus on miniaturization of diagnostic assays. The advent of high-throughput assays and integrated systems is a significant factor likely to aid in the rapid expansion of the overall market. The focus of device manufacturers on design innovations bodes well for the market. Rising initiatives by governments in several emerging nations to adopt advanced, automated diagnostics in healthcare systems are expected to provide a boisterous impetus to the growth of the market.
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The report offers detailed business overview of key players, their major product offerings, and expected launches in the coming years. It highlights the key strategies adopted by them to gain a better foothold in the market. Device manufacturers are focusing on introducing technologically advanced products such as innovative detection equipment with higher performance.
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