Microplate Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

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Microplate Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Status : May, 2021 | Medical Devices

Report Digest

Global Microplate Systems Market: Snapshot

Microplate systems are used extensively in research and diagnostics, which require quick and high-throughput analysis of the patients. They comprise of assays, readers, dispensers, and software. The other use of these microplate systems are in the maintenance of food safety. They have a great scope of applications in wide range of assays for example, the enzyme-linked immunosorbent assays, DNA/RNA quantitation, cell migration assays, and protein assays. Some of the major end-users in the market are diagnostic laboratories, biotechnology and pharmaceutical companies, hospitals, and educational institutes.

The increasing demand of automated cell-based and biochemical assays among biotech firms has boosted the demand for microplate systems, as well. The rise in prevalence of chronic illnesses in several countries has propelled the demand for modern methods of diagnostics, for example microplate systems. Apart from that, the increased investment in research and development activities by various firms in biotech industry are among other important factors stoking market growth. Moreover, the preference of the device makers to focus on design innovations seem to work in favor of market development. However, the high cost of the microplate systems discourages several end users to enter in the market, or to adopt the technology. Nevertheless, the market is anticipated to benefit with the extensive thrust on research and development activities in proteomics and genomics. Additionally, the rising adoption of immunoassays in innovating various novel therapies for diseases is benefitting the microplates market too.

Global Microplate Systems Market: Overview

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. Some of the key end users include biotechnology and pharmaceutical companies, diagnostic laboratories, hospitals, and academic institutes.

The rising popularity of automated biochemical and cell-based assays among biotech players has propelled the demand for microplate systems. The integration of these systems with other automation technology in healthcare in numerous developing and developed countries is continuously expanding the horizon of the global market.

The report offers critical assessment of key growth drivers, notable trends, technological advances, the prevailing regulatory landscape, and the strategic dynamics in various regions during the forecast period of 2017–2025. The study strives to offer insights into the current and emerging market outlook, notable opportunities, and promising avenues in various segments. The findings can help stakeholders and market participants identify imminent investment pockets.

Global Microplate Systems Market: Trends and Opportunities

The growing prevalence of chronic diseases in various parts of the world has spurred the demand for modern diagnostics such as microplate systems. The growing number of cell-based assays and the substantially rising investment on research and development activities by companies in biotechnology sector are notable factors driving the market. The rising application of single-mode and multi-mode microplate systems in immunoassays is a noteworthy factor accentuating the market.

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. Substantial advances in assays in developed countries is expected to unlock promising prospects in the microplate systems market.

The high cost of microplate systems may dissuade many end users in price-sensitive markets to adopt them. However, the market will get a robust impetus from relentless research in genomics and proteomics. Furthermore, the growing role of immunoassays in discovering novel therapies for diseases augurs well for the market.

Global Microplate Systems Market: Regional Outlook

The report offers elaborate insights into the market potential in various geographies by highlighting untapped opportunities and evaluating the revenue share and size. The study further assesses lucrative avenues in major regions and the key trends shaping the demand in various end-use industries. Emerging economies in developing and developed regions are expected to present promising prospects for market players to capitalize on. North America and Europe are expected to be prominent markets while Asia Pacific is anticipated to rise at an impressive pace over the forecast period.

Global Microplate Systems Market: Competitive Landscape

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. Several players are also focusing on design innovations, in a move to stay ahead of others. Prominent players operating in the microplate systems market include Lonza Group, Biochrom, Bio-Rad Laboratories, Inc., Mindray, Berthold, Thermo Fisher Scientific, Bmg Labtech, Tecan, Danaher, and BioTek Instruments, Inc.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?