Microplate Systems Market Trends, Size, Growth Analysis

What This Report Will Provide?

This study involved four major activities in estimating the current size of the microplate systems market. Exhaustive secondary research was carried out to collect information on the market, its peer markets, and its parent market.

The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate the size of segments and subsegments.

Expected Revenue Growth:

[270 Pages Report] The global microplate systems market size is projected to reach USD 1,170 million by 2026 from USD 927 million in 2021, at a CAGR of 4.8%

Major Growth Boosters:

Growth of the market is driven mainly by the increasing R&D expenditure in the pharmaceutical industry, increasing focus on miniaturization, and the growing prevalence of diseases.

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Recent Developments:

In 2020, Agilent Technologies Inc. launched the BenchCel Microplate Handler

In 2019, Agilent Technologies Inc. acquired BioTek Instruments to strengthen its product portfolio

Key Questions Addressed in The Report:

1. Who are the top 10 players operating in the global microplate systems market?
2. What are the drivers, restraints, opportunities, and challenges in the microplate systems Industry?
3. What are the opportunities for stakeholders and provide details of the competitive landscape for key players?
4. What will be growth of microplate systems in North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa?

Regional Growth Analysis:

Based on the region, the microplate systems market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). In 2020, North America accounted for the largest share of the microplate systems market. The large share of North America can be attributed to factors such as government initiatives for cell-based research, the increasing acceptance of personalized medicine, increasing academic and government investments in diagnostic research, and increasing focus on drug discovery and development.

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Key Players in Microplate Systems Market:

Some of the major players operating in this market are Danaher Corporation (US), Agilent Technologies Inc. (US), Thermo Fisher Scientific Inc.(US). In 2020, Danaher Corporation held the leading position in the market. The company has a strong geographic presence across North America, Europe, and the Asia Pacific. Moreover, the company’s strong brand recognition and comprehensive product portfolio in the microplate systems market is its key strength. Agilent Technologies Inc.(US) held the second position in the microplate systems market in 2020.