Site icon pharmaceutical daily

Global Microplate Systems Market Research Report 2022: Augmented R&D Initiatives and Emergence of HTS Drive Demand for Microplate Readers – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Microplate Systems – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Global Microplate Systems Market to Reach $1.1 Billion by 2026

The global market for Microplate Systems estimated at US$881.1 Million in the year 2020, is projected to reach a revised size of US$1.1 Billion by 2026, growing at a CAGR of 4.5% over the analysis period.

Microplate systems is a growing market driven by factors such as increasing incidence of infectious and chronic diseases, as well as accelerated demand for automated biochemical and cell-based assays by the biotechnology industry. The coronavirus outbreak and the ensuing rise in lab testing is driving demand for microplate systems.

Readers, one of the segments analyzed in the report, is projected to grow at a 5.2% CAGR to reach US$708.9 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Pipetting Systems & Dispensers segment is readjusted to a revised 3.6% CAGR for the next 7-year period. This segment currently accounts for a 27% share of the global Microplate Systems market.

Washers Segment to Reach $125.1 Million by 2026

Microplate washers are instruments used to clean the overrun liquid from microwell plates while testing. Washers are vital laboratory equipment, as various formats of these are invariably required for running certain assays.

The U.S. Market is Estimated at $351.1 Million in 2021, While China is Forecast to Reach $160.7 Million by 2026

The Microplate Systems market in the U.S. is estimated at US$351.1 Million in the year 2021. The country currently accounts for a 37.66% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$160.7 Million in the year 2026 trailing a CAGR of 8.2% through the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR while Rest of European market (as defined in the study) will reach US$169.7 Million by the end of the analysis period. Increasing prevalence of several chronic diseases is driving demand for advanced diagnostic equipment, including microplate systems.

Growth is also benefiting from rising demand from biotech firms for automated cell-based as well as biochemical assays, growing funding for laboratories, intensifying government initiatives in both developed and developing nations for adopting automated and sophisticated diagnostics in the healthcare sector, and favorable reimbursement policies in developed economies..

Other equally important growth factors include growing investments in R&D activities in genomics and proteomics domains; increasing usage of immunoassays in the development of innovative therapies for combating various diseases; increasing usage of single-mode and hybrid microplate systems in immunoassays; and integration of microplate systems with various other automation technology in the healthcare sector.

Persistent industry focus on the miniaturization trend for diagnostic assays, and the development of high-throughput assays are likely to offer significant growth opportunities for microplate systems market.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS (Total 155 Featured)

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/9vrsqq

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Exit mobile version