Microplate Systems Market Size & Growth Analysis to 2030

The global microplate systems market size was accounted to generate significant revenue of around USD 1 billion in 2021 and is expected to grow at a CAGR of over 4% during the forecast period from 2022 to 2028. The growing number of lab testing around the world, increasing investment in research & development in the pharmaceutical industry, and the increased funding for laboratories are some major factors driving the market growth. Furthermore, the rising prevalence of chronic diseases such as cancer and cardiac disease, and the increasing demand for imaging and scanning technologies in the healthcare sector are further anticipated to fuel the market over the forecast period.

Market Drivers:

Increasing demand for high-throughput screening: High-throughput screening (HTS) plays a crucial role in drug discovery, genomics, proteomics, and other research applications. Microplate systems are widely used in HTS workflows to enable rapid and efficient screening of a large number of samples. The growing need for HTS in pharmaceutical and biotechnology research drives the demand for microplate systems.

Advancements in laboratory automation: Laboratory automation is gaining prominence in research and diagnostic laboratories to improve efficiency, reduce errors, and increase throughput. Microplate systems are an integral part of laboratory automation, offering precise and automated liquid handling, sample processing, and data analysis. The advancements in laboratory automation technologies fuel the adoption of microplate systems.

Expansion of life sciences research: The field of life sciences, including genomics, proteomics, cell biology, and drug discovery, continues to expand rapidly. Microplate systems find extensive applications in these research areas, providing researchers with efficient and reliable tools for various assays, such as ELISA, PCR, cell-based assays, and enzyme activity assays. The growth in life sciences research drives the demand for microplate systems.

Growing prevalence of chronic diseases: The rising prevalence of chronic diseases, such as cancer, cardiovascular disorders, and infectious diseases, creates a need for efficient diagnostic and research tools. Microplate systems are used in clinical diagnostics and research laboratories to perform a wide range of tests, including immunoassays, biomarker analysis, and genetic testing. The increasing burden of chronic diseases contributes to the demand for microplate systems.

Increasing adoption of personalized medicine: Personalized medicine aims to tailor medical treatments to individual patients based on their genetic makeup and other molecular characteristics. Microplate systems enable high-throughput analysis of patient samples, facilitating personalized medicine approaches such as pharmacogenomics and molecular diagnostics. The growing adoption of personalized medicine drives the demand for microplate systems.

Technological advancements in microplate systems: Ongoing technological advancements in microplate systems have led to improved automation, higher throughput, enhanced data analysis capabilities, and better assay performance. These advancements have resulted in more efficient and user-friendly systems, attracting researchers and laboratories to invest in the latest microplate technologies.

Increasing investment in healthcare infrastructure: Governments and private entities are investing significantly in healthcare infrastructure, including research and diagnostic laboratories, to improve healthcare services and outcomes. Microplate systems are essential tools in these facilities, aiding in research, diagnostics, and drug development. The investments in healthcare infrastructure contribute to the growth of the microplate systems market.

Expansion of the biotechnology and pharmaceutical industries: The biotechnology and pharmaceutical industries are major users of microplate systems. These industries are involved in drug discovery, development, and manufacturing, as well as in research and clinical trials. Microplate systems enable efficient and high-throughput screening, analysis, and quality control processes in these industries. The growth of the biotechnology and pharmaceutical sectors drives the demand for microplate systems.

Market Snapshot:

Market Insights:

The global microplate systems market is bifurcated into product, application, end-user, and geography. On the basis of product, the market is further segmented into microplate readers, microplate washers, and others. The microplate readers segment dominated the global market in 2021 and expected to register the highest growth rate over the forecast period. The rising prevalence of various types of diseases such as cardiac disease, and other infectious diseases, the rising focus on drug discovery, and the increasing investment in R&D by pharmaceutical companies are some major factors to drive the segment growth over the forecast period.

On the basis of application, the market is further segmented into drug discovery, clinical diagnostics, genomics & proteomics research, and others. The drug discovery segment held the largest revenue share of the global microplate systems market in 2020 and is expected to grow at a significant CAGR over the forecast period. The government initiative and the increasing research and development activities in pharmaceutical companies have resulted in an increase in funding. The higher failure rate and loner time requirement for drug development are expected to increase the demand for new approaches for drug discovery which is anticipated to fuel the segment growth over the forecast period.

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The microplate systems comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinions obtained from interviews with industry executives and experts from prominent companies.

The microplate systems market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2019-20 – Historical Year
• 2021 – Base Year
• 2022-2028 – Forecast Period

Market Segmentation:

By Product:

• Microplate Readers
  • Multi-mode
  • Single-Mode
• Microplate Pipetting Systems and Dispensers Systems
• Microplate Washers
• Microplate Accessories & Software

By Application:

• Drug Discovery
• Clinical Diagnostics
• Genomics and Proteomics Research
• Others

By End-User:

• Biotechnology & Pharmaceutical Companies
• Hospitals & Diagnostic Laboratories
• Academic & Research Institutes

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

Geographically, North America dominated the global microplate systems market in 2021 and expected to grow at the same trend over the forecast period. The increasing investment in diagnostic research, rising demand for personalized medicine, and the growth in cell-based research are some major factors driving the market growth in the region. Furthermore, technological advancement, rising public awareness, and increasing expenditure in the healthcare sector to improve public health and healthcare facilities are further expected to propel market growth in North America. On the flip side, the Asia Pacific is accounted to register the fastest growth of the market over the forecast period.

Competitive Assessment:

Some of the major market players operating in the global microplate systems market are Bio-Rad Laboratories Inc., PerkinElmer, Danaher Corporation, Thermo Fisher Scientific, and Agilent Technologies Inc. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Bio-Rad Laboratories Inc.
• PerkinElmer
• Danaher Corporation
• Thermo Fisher Scientific
• Agilent Technologies Inc.
• Tecan
• BMG Labtech
• Promega Corporation
• Enzo Life Sciences Inc.
• Berthold Technologies
• Biochrom

Key Questions Answered by Microplate Systems Market Report

• Global microplate systems market forecasts from 2022-2028
• Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
• Microplate systems submarket forecasts from 2022-2028 covering the market by product, by application, by end-user, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level microplate systems markets from 2022-2028
• Competitive Landscape and market positioning of top 10 players operating in the market