What Is The Current and Historic Market Size Analysis Of The Microplate Instrumentation And Supplies Market?
The microplate instrumentation and supplies market has seen considerable growth due to a variety of factors.
• The microplate instrumentation and supplies market has seen significant growth in recent years. It will rise from $6.96 billion in 2024 to $7.49 billion in 2025, reflecting a CAGR of 7.6%.
This expansion is attributed to the growth of biotech and pharmaceutical companies, the increasing need for drug discovery and development, a higher demand for high-throughput screening tools, increased government investment, and the rise of automation.
What are the Market Size and Expected Growth Rates for the Microplate Instrumentation And Supplies Market?
The microplate instrumentation and supplies market is expected to maintain its strong growth trajectory in upcoming years.
• The microplate instrumentation and supplies market is expected to grow significantly, reaching $9.93 billion by 2029 at a CAGR of 7.3%.
Growth is driven by the rising demand for point-of-care diagnostics, increased R&D investments, the growing prevalence of chronic diseases, and the emphasis on genetics and personalized medicine. Key trends include AI and machine learning integration, the use of 3D cell cultures, cloud computing and IoT integration, robotics, and advancements in drug discovery and life sciences.
Which Key Drivers Are Propelling The Microplate Instrumentation And Supplies Market's Growth?
The increasing demand for personalized medicine is expected to propel the growth of the microplate instrumentation and supplies market. Personalized medicine tailors treatments to individual patients based on their unique genetic, environmental, and lifestyle factors. This approach is becoming more popular due to the growing incidence of chronic diseases and a greater focus on cost-effective treatments. Microplate instrumentation and supplies are essential in personalized medicine for conducting high-throughput tests on biological samples. The Personalized Medicine Coalition reported in February 2024 that the U.S. FDA approved 16 new personalized treatments for rare diseases in 2023, up from six in 2022, driving the demand for these instruments.
What Are The Key Segments Within The Global Microplate Instrumentation And Supplies Market?
The microplate instrumentation and supplies market covered in this report is segmented –
1) By Product Type: Microplate Readers, Microplate Washers, Microplate Dispensers, Microplate Accessories, Other Accessories
2) By Sales Channel: Direct Sales, Indirect Sales
3) By End-User Industries: Pharmaceuticals, Food And Beverages, Chemicals And Polymer, Other End-User Industries
Subsegments:
1) By Microplate Readers: Absorbance Readers Or Fluorescence Readers Or Luminescence Readers Or Multimode Readers
2) By Microplate Washers: Manual Microplate Washers Or Automated Microplate Washers
3) By Microplate Dispensers: Manual Microplate Dispensers Or Automated Microplate Dispensers
4) By Microplate Accessories: Sealing Films Or Plate Holders Or Plate Stands
5) By Other Accessories: Microplates (Well Plates) Or Microplate Racks Or Microplate Readers' Calibration Kits
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What Trends Are Reshaping The Future Of The Microplate Instrumentation And Supplies Market?
Leading organizations in the microplate instrumentation and supplies market are concentrating on the introduction of cutting-edge products, such as microplate readers using EDR technology, to enhance assay precision, boost throughput, and organize laboratory processes more efficiently. EDR (Extended Dynamic Range) technology-based microplate readers are sophisticated devices fashioned to augment the detection range and sensitivity in diverse assays, proving immensely beneficial in personalized medicine and various research-oriented applications. For example, in February 2022, BMG LABTECH, a firm based in Germany with a focus on the development of microplate readers, unveiled the new VANTAstar microplate reader. This innovative product makes use of EDR technology, enabling a dynamic range that extends over eight concentration decades in a single assessment. This capability removes manual gain alterations from the equation, as each plate is automatically scrutinized under the best sensitivity settings.
Who Are the Key Players In The Microplate Instrumentation And Supplies Market?
Major companies operating in the microplate instrumentation and supplies market are:
• Thermo Fisher Scientific Inc.
• Danaher Corporation
• The Merck Group
• Corning Incorporated
• Agilent Technologies Inc.
• Lonza Group AG
• Beckman Coulter Inc.
• PerkinElmer Inc.
• Bio-Rad Laboratories Inc.
• Eppendorf AG
• Promega Corporation
• Hamilton Company
• Molecular Devices LLC
• Analytik Jena AG
• Biochrom Ltd.
• OriGene Technologies Inc.
• Berthold Technologies GmbH & Co. KG
• BMG LABTECH GmbH
• BrandTech Scientific Inc.
• Hudson Robotics Inc.
• Labnet International Inc.
What Are The Regional Insights Into The Microplate Instrumentation And Supplies Market?
North America was the largest region in the microplate instrumentation and supplies market in 2023. The regions covered in the microplate instrumentation and supplies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
