Microplate Systems Market Thumbnail Image

2024

Microplate Systems Market

Microplate Systems Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product, by Application, by End User : Global Opportunity Analysis and Industry Forecast, 2024-2033

LS : Medical Devices & Supplies

Select an option
Author's: Digvijay Gawali | Roshan Deshmukh
Publish Date:

Get Sample to Email

Microplate Systems Market Research, 2033

The global microplate systems market size was valued at $0.5 billion in 2023, and is projected to reach $0.9 billion by 2033, growing at a CAGR of 7.8% from 2024 to 2033. The growth of the microplate systems market is driven by several key factors, including the rising prevalence of chronic diseases, which increases the demand for high-throughput screening and diagnostic applications. Advances in automation and miniaturization technologies have enhanced the efficiency and accuracy of these systems, further boosting their adoption in laboratories. Additionally, the expanding use of microplate systems in drug discovery, genomics, and proteomics research is contributing to market growth. The increasing focus on personalized medicine and the growing investment in biotechnological research also play a significant role in driving the microplate systems market growth.

Microplate Systems Market

Market Introduction and Definition

Microplate systems are essential tools in laboratories for conducting high-throughput screening and analysis in fields such as biology, chemistry, and pharmaceutical research. These systems consist of a series of wells arranged in a grid on a flat plate, allowing for the simultaneous processing of multiple samples. Microplate systems are designed to perform various assays, including enzyme-linked immunosorbent assays (ELISA) , cell culture, and nucleic acid quantification. They are equipped with advanced detection technologies, such as absorbance, fluorescence, and luminescence, enabling precise measurement of reactions within each well.

The automation and scalability of microplate systems make them invaluable for drug discovery, diagnostic testing, and research, as they significantly reduce time and labor while increasing the accuracy and consistency of experimental results. Additionally, the versatility of these systems allows them to be customized for specific applications, making them a cornerstone of modern laboratory practices.

Key Takeaways 

  • The Microplate Systems market share study covers 20 countries. The research includes a segment analysis of each country in terms of value for the projected period.
  • More than 1, 500 product literatures, industry releases, annual reports, and other such documents of major Microplate Systems industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
  • The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and assist stakeholders in making educated decisions to achieve their most ambitious growth objectives.

Key Market Dynamics

According to microplate systems market forecast analysis the key factors driving the growth of the market are increased demand for high-throughput screening (HTS) , rising prevalence of chronic diseases, growth in personalized medicine, and advancements in technology. According to 2024 article by National Library of Medicine, high throughput screening (HTS) is routinely used to identify bioactive small molecules. HTS is a crucial technique in drug discovery and development, allowing researchers to test thousands of compounds quickly and efficiently against specific biological targets. This rapid evaluation is essential for identifying potential drug candidates and accelerating the research process.

As pharmaceutical and biotechnology companies strive to expedite drug development and reduce costs, the need for advanced HTS technologies becomes more pronounced. Microplate systems, which are integral to HTS, facilitate the parallel processing of numerous samples, making them indispensable in modern laboratories. The growing emphasis on precision medicine and the need for comprehensive screening platforms further fuels the demand for microplate systems. Thus, the increased demand for high-throughput screening is expected to drive the microplate systems market growth.

According to microplate systems market opportunity analysis  growing prevalence of chronic diseases is a significant driver for the microplate systems market. According to a 2024 article by the National Library of Medicine, standard enzyme-linked immunosorbent assays based on microplates are frequently utilized for various molecular sensing, disease screening, and nanomedicine applications. Chronic conditions such as diabetes, cardiovascular diseases, and cancer have seen a rise in incidence globally, leading to an increased demand for advanced diagnostic and research tools. Microplate systems, which are essential for high-throughput screening and precise analysis, play a crucial role in managing these diseases. They facilitate the detection of biomarkers, drug discovery, and the development of targeted therapies by allowing researchers to conduct numerous assays simultaneously. Thus, the rise in prevalence of the chronic disease is expected to drive the microplate systems market size.

Growing Spending on Pharmaceutical Research and Development

The rise in spending on pharmaceutical research and development (R&D) is a significant driver of growth in the microplate systems market. As pharmaceutical companies and research institutions increasingly invest in R&D to accelerate drug discovery, development, and testing processes, the demand for advanced analytical tools, including microplate systems, has surged. Microplate systems, which facilitate high-throughput screening and efficient analysis of numerous samples simultaneously, are essential for conducting complex assays, validating drug candidates, and assessing biological interactions. The heightened focus on innovation and the need for precise and scalable research methodologies have led organizations to adopt microplate systems to enhance their research capabilities and streamline their workflows.

Microplate Systems Market by

Market Segmentation

The microplate systems industry is segmented into product, application, end user, and region. By product, the market is classified into single-mode microplate reader, multi-mode microplate reader, microplate pipetting systems & dispensers, microplate washers, and others. By application, the market is divided into genomics and proteomics research, drug discovery, clinical diagnostics, and other applications. By end user, it is segregated into diagnostic centers, hospitals, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Regional/Country Market Outlook

North America dominated the microplate systems market share in 2023 This is attributed to the fact that U.S. and Canada, has highly developed healthcare infrastructure, including state-of-the-art laboratories and research facilities that are major users of microplate systems. Furthermore, significant investments in biomedical and pharmaceutical research in North America drive demand for advanced microplate systems. These systems are crucial for high-throughput screening and other research applications. In addition, Asia Pacific countries, including China and India, are rapidly expanding their healthcare and research infrastructure. This growth is leading to increased demand for microplate systems in research and diagnostics.

  • According to an article by Center of Disease Control and Prevention, in 2021 8.9% of the U.S. population had diagnosed with diabetes.
  • According to a 2024 article by National Center of Disease Informatics and Research approximately 1 in 9 peoples in India is expected to be diagnosed with cancer in their lifetime.
  • According to a 2024 article by National Library of Medicine, it was reported that there are more than 200 research facilities, and 50 different colleges and universities that perform biotechnology related research in China
     

Industry Trends

  • According to the 2024 article by Molecular Devices LLC, researchers use microplate readers to detect and quantify interactions between specific proteins in cancer pathways. These interactions can reveal the roles of these proteins in cancer development and progression. Microplate systems allow for high-throughput screening, enabling researchers to rapidly test thousands of compounds in a single experiment. This efficiency is crucial in drug discovery, where speed and accuracy are vital for identifying potential drug candidates.
  • According to the article by National Library of Medicine, in 2023, overall pharmaceutical expenditures in the US grew 13.6% compared to 2022. With higher pharmaceutical expenditures, pharmaceutical companies are likely to allocate more resources to research and development (R&D) . This increased investment in R&D will drive the demand for advanced tools and technologies like microplate systems, which are essential in various stages of drug discovery and development, including high-throughput screening, biochemical assays, and compound testing.
  • According to 2024 article by National Library of Medicine, high throughput screening (HTS) is the critical tool in drug discovery, providing most novel scaffolds of recent clinical candidates. As HTS becomes more prevalent in drug discovery, the need for advanced microplate systems grows. These systems are crucial for automating the process of screening large libraries of compounds, thus driving up demand in the market.
  • According to a 2024 article by the National Library of Medicine, Personalized cancer medicine has the potential to revolutionize cancer treatment. Personalized cancer medicine relies heavily on accurate and detailed diagnostic testing to tailor treatments to individual patients. Microplate systems, which are essential for high-throughput screening and analysis, are expected to experience a significant surge in demand.

Competitive Landscape

The major players operating in the microplate systems market include as Bio-Rad Laboratories Inc., Agilent Technologies Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Thermo Fisher Scientific Inc., Danaher Corporation, Enzo Life Sciences Inc, PerkinElmer, Promega Corporation, Accuris Instruments, and Dynex Technologies. Other players in the Microplate Systems market are Bio-One International GmbH, and Biochrom.

Recent Key Strategies and Developments

  • In July 2022, Porvair Sciences introduced a 96-well deep well microplate designed for labs using magnetic beads for nucleic acid purification, clean-up, and protein purifications. The 96-well magnetic bead separation plate has a reinforced base that can be routinely centrifuged at up to 6, 000x g enabling faster magnetic bead separation protocols and improved sample quality.
  • In April 2022, Molecular Devices, a provider of high-performance life science solutions, launched its SpectraMax Mini Multi-Mode Microplate Reader, a compact solution designed to save researchers benchtop space and budget.

Key Benefits for Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the microplate systems market analysis from 2024 to 2033 to identify the prevailing microplate systems market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the microplate systems market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global microplate systems market trends, key players, market segments, application areas, and market growth strategies.

Microplate Systems Market Report Highlights

Aspects Details
icon_1
Market Size By 2033

USD 0.9 Billion

icon_2
Growth Rate

CAGR of 7.8%

icon_3
Forecast period

2024 - 2033

icon_4
Report Pages

280

icon_5
By Product
  • Single-Mode Microplate Reader
  • Multi-Mode Microplate Reader
  • Microplate Pipetting Systems & Dispensers
  • Microplate Washers
  • Others
icon_6
By Application
  • Genomics & Proteomics Research
  • Drug Discovery
  • Clinical Diagnostics
  • Other Applications
icon_7
By End User
  • Diagnostic Centers
  • Hospitals
icon_8
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
icon_9
Key Market Players

Enzo Life Sciences Inc, Thermo Fisher Scientific Inc, PerkinElmer, Danaher Corporation, Promega Corporation, Agilent Technologies Inc, Dynex Technologies, Bio-Rad Laboratories Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Accuris Instruments

Author Name(s) : Digvijay Gawali | Roshan Deshmukh
Frequently Asked Questions?

The global microplate systems market was valued at $0.5 billion in 2023

The market value of Microplate Systems Market is projected to reach $0.9 billion by 2033

The forecast period for Microplate Systems Market is 2024-2033.

Major key players that operate in the Microplate Systems Market are Bio-Rad Laboratories Inc., Agilent Technologies Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Thermo Fisher Scientific Inc., and Danaher Corporation,

The base year is 2023 in Microplate Systems Market

Loading Table Of Content...

Individual sections of the reports are available for purchase.
Would you like to see a breakdown of prices by section?

Microplate Systems Market

Global Opportunity Analysis and Industry Forecast, 2024-2033