Market Insights

The Microplate Instrumentation and Supplies Market is projected to grow from USD 5.1 billion in 2020 to USD 6.5 billion by 2026 at a CAGR of around 4.1% during the forecast period.

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What are microplates?

Microplates are plates that have six to several hundred small wells that hold samples to be analyzed. Microplate instrumentation is being used to determine enzyme activity and gene expression in specific patients to create personalized medications and drug regimens that work better within an individual's body.

Key Players

Key players operating in the Microplate Instrumentation and Supplies market are-

• Beckman Coulter, Inc. (US)
• Biohit Oyj (Finland)
• Bio-Rad Laboratories, Inc. (US)
• BioTek Instruments, Inc. (US)
• BMG LABTECH GmbH (Germany)
• Eppendorf AG (Germany)
• Molecular Devices, LLC (US)
• PerkinElmer, Inc. (US)
• Tecan Group Ltd. (Switzerland)
• Thermo Fisher Scientific, Inc. (US)

Market Dynamics

The growth of the microplate instrumentation and supplies market is primarily driven by widespread product use in clinical diagnostics and pharmaceuticals. The rising prevalence of chronic diseases due to changing lifestyles and unhealthy eating habits is likely to drive the growth of microplate instrumentation and supplies at a significant rate during the review period. In addition, surging demand for advanced microplate instruments will likely create lucrative opportunities for the players operating in the global market in the coming years.

COVID-19 Impact

The outbreak of the COVID-19 virus posed significant challenges to the growth of the pharmaceuticals industry significantly. Stringent lockdown measures and restricted movement of people affected the product demand and supply for a short period of type.

Segment Analysis

Application Trends

The microplate instrumentation and supplies market has been bifurcated into spectrophotometry, pharmaceutical, clinical diagnostics, and biotechnology. Under these, the pharmaceuticals segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period.

Regional Analysis

The market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The segment growth is primarily attributed to high product demand in pharmaceutical and clinical diagnostics applications coupled with the presence of key market players such as Beckman Coulter, Inc. (US) and Bio-Rad Laboratories, Inc. (US). The market growth in the Asia-Pacific region is expected to be driven by significant growth of the pharmaceutical industry

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Target Audience

Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

• Distributors
• Suppliers
• Manufacturers
• Logistics organizations
• Government bodies

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.