USA, Rockville MD, May 04, 2022 (GLOBE NEWSWIRE) — According to industry analysis by Fact.MR, a market research and competitive intelligence provider, the global microplate systems market is set to grow at a CAGR of 4.5% over the forecast period of 2022-2026 and reaching $1.1 billion by 2026. request Microplate systems is expected to increase over the forecast period and the market is expected to gain a global market size of US$922.3 million by the end of 2022.
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Microplate systems are widely recognized as one of the most important tools for studying bacterial interaction. The continued focus on miniaturization of diagnostic tests is expected to significantly drive the microplate systems market. The introduction of high throughput testing and integrated systems is a crucial factor that is expected to contribute to the growth of the market. The market will benefit from equipment manufacturers’ attention to advances in design.
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Increase in government initiatives in various emerging countries to implement advanced and automated diagnostics in healthcare systems is expected to boost the market growth. Significant advances in testing in developed countries should open up new opportunities for manufacturers of microplate systems.
Rising investment in genomics and proteomics R&D, along with increased use of immunoassays in the discovery and development of new treatments to combat various diseases, is also propelling the growth of the market.
Why is North America a leading market for microplate systems?
“Government Initiatives for Cellular Research to Drive Industry Expansion in North America”
The market in North America is expected to grow significantly over the next few years. Government incentives for cellular research and the growing acceptance of personalized medicine can both be credited for a considerable part in North America.
Increasing academic and government funding in diagnostic research, along with greater focus on drug discovery and development, is driving the market growth in the region.
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Key segments covered by the Microplate washers Industry survey
- Microplate Systems Market by Product:
- Microplate readers
- Pipetting systems and microplate dispensers
- Microplate washers
- Microplate Systems Market by End User:
- Biotechnology and pharmaceuticals
- Hospitals and diagnostic laboratories
- Research institutes
- University institutes
The key companies are employing various strategies such as highly efficient and cost-effective technologies, mergers and acquisitions, and product launches to maintain a prominent position in the global microplate system market.
These efforts enable market players to expand their business and customer base. With an increased demand for microplate systems in the global market, the major market players are expected to witness significant opportunities over the coming years.
• Beckman Coulter, a global pioneer in clinical diagnostics, launched the PK7400, a state-of-the-art fully automated microplate system for donor blood testing.
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The key players in the Microplate Systems Market
- Agilent Technologies, Inc.
- Berthold Technologies GmbH & Co. KG
- Bio-Rad Laboratories, Inc.
- Biochrom Ltd.
- Corning Incorporated
- Danaher Corporation
- Molecular Devices, LLC
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Main takeaways from the Microplate systems Market research
- The global microplate systems market is expected to reach US$1.1 billion by 2026.
- Microplate washers expected to reach US$125.1 million by 2026
- Microplate readers are expected to register a CAGR of 5.2% from 2022 to 2026
- The Latin America market will register a CAGR of 4.3% over the forecast period
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