Microplate Systems Market – Increasing Prevalence of Chronic Disorders and Rising Investment by Key Players in Research and Development (R&D) Activities are Anticipated to Lead the Market Growth – Growing at a Compound Annual Growth Rate (CAGR) 4.5% from 2022 to 2028

Microplate Systems
  • Microplate Systems Market

As stated in our extensive report; the Global Microplate Systems Market accounted forUSD 893.6 Billionin the year 2021.

A Microplate Systems is a type of system which measures individual respiration in real-time in a tiny organism such as Drosophila, Daphnia, fish/invert eggs or larvae, Zebrafish embryos, etc., which are based on 24 fluorescence oxygen reading devices. It is one of the essential devices available for examining microbes' activities together. In addition, it is broadly used in research & diagnostics that need rapid and high-throughput analysis of the patients. For example, it is helpful to test the biological reactions, gene expression reactions, and quantification of proteins. The other usage of such Microplate Systems is in food safety maintenance. They also have a vast scope of applications in different assays, such as DNA/RNA quantitation, enzyme-linked immunosorbent assays, protein assays, and cell migration assays. Biotechnology and pharmaceutical companies, Diagnostic laboratories, hospitals, and educational institutes are vital end-users in this industry.

The global expansion of the Microplate Systems Market can be driven by critical factors such as the increase in the occurrence of different disorders such as neurological & cardiac disease, cancer, etc. As a result, the growing incidences of chronic & infectious diseases in several countries worldwide have augmented the need for the latest method in diagnostic like Microplate Systems. Other aspects projected to enhance the growth of Microplate Systems Market include the growing investments in research and development activities by numerous biotechnology companies, favorable reimbursement policies in emerging economies, and funding made in the laboratories. Moreover, the mounting popularity of automated cell-based and biochemical assays in biotechnology companies is fueling the requirement for Microplate Systems, which will probably influence the market development during the forecast period.

Furthermore, the high rate of R&D in the pharmaceutical market and the rise in demand for scanning and imaging technology in the healthcare system will boost the industry demand at the global level.

On the other hand, the lack of awareness of the availability of enhanced Microplate Systems and the high cost of technologically advanced products might slow down the Microplate Systems Market growth.

North Americaholds the largest share in theMicroplate Systems Market and is expected to continue this trend in the forecast period. Government initiatives for cell-based research drive the market growth in this region. In addition, the growing academic & government investments in diagnostic research and the rising acceptance of personalized medicine propel the regional market growth ofMicroplate Systems. Also, the increasing technological advancements in the healthcare area, growing focus on drug discovery and development, and rise in public awareness will support the market growth during the forecast period.

Some of the key players in the Global Microplate Systems Market include- Bio-Rad Laboratories Inc. (US), PerkinElmer (US), Danaher Corporation (US), Thermo Fisher Scientific (US), Agilent Technologies Inc. (US), Tecan (Switzerland), BMG Labtech (Germany), Promega Corporation (US), Enzo Life Sciences Inc. (US), Berthold Technologies (Germany), Biochrom (UK), Corning (US), Lonza (Switzerland), Brucker Corporation (US), Dynex Technologies (US), Bio-One International GmbH (Austria), Accuris Instruments (US), CTK Biotech Inc. (US), LTEK (South Korea), JASCO (Japan), Rayto (China), Micro Lab Instruments (India), Biohit Oyj (Finland), Mindray (China), Hudson Robotics (US), and others.