Microplate Systems Market is estimated to be US$ 1545.90 by 2032 with a CAGR of 4.7% during the forecast period 2032 prophecymarketinsights.com
Microplate reader is the lab instrument which allows various experiments to be performed and measured simultaneously. Microplate washers are designed to use in controlling procedure of washing experimental samples that are arranged in plate-based formats. Microplate washers in labs helps in dispensing, soaking and aspirating liquid from plates within seconds. Microplate stackers helps in liquid handling workflows, multimode detection, increasing workflow and automate throughput for various imaging. Microplate titer reader contains small wells where separate reactions takes place. Microplate titer reader is used in measuring physical, chemical and biological reactions. Microplate titer reader analytes within well of microplate. Microplate system is widely used in genomics and proteomics research for quantification of DNA and RNA in automated systems. Microplate reader technique confirms presence of antigens, antibodies of an infectious agents in organisms. Microplate system are also used in biopharmaceutical manufacturing, drug discovery, basic research bioassay validation, clinical diagnostics, etc. Increase in prevalence of diseases has given rise in growth of diagnostic centers. Microplate readers are used in diagnostic centers, research institutes, due to their newly advancement which provides high productivity, less time, high throughput screening, etc. Wide variety of applications and increase in diagnostic centers has fuelled the Microplate Systems Market growth. Global Microplate Systems Market accounted for US$ 981.6 million in 2022 and is estimated to be US$ 1545.90 by 2032 and is anticipated to register a CAGR of 4.7%.
The report “Global Microplate Systems Market, By Type (Microplate Washer, Microplate Stacker, Microtiter Plate Reader, Microplate Transport System, and Others), By Application (Genomics & Proteomics Research, Drug Discovery, Clinical Diagnostics, and Others), By End-User (Hospitals, Biotechnology Industries, Academic & Research Institutes, Diagnostic Centers and Pharmaceutical Industries) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis and Forecast till 2032”
Key Highlights:
• In April 2022, Molecular Devices, LLC. and Danaher Corporation has launched new SpectraMax Mini multi-mode Microplate Reader for academia and biotech laboratories which helps in maximizing productivity without compromising sensitivity or performance with features like fluorescence, detection of UV-Visible absorbance and luminescence and offers applications in ELISA, reporter gene expression, cell viability and DNA & protein quantitation.
• In January 2019, Beckman Coulter has launched its next-generation new PK7400 fully automated microplate system used for donor blood system like plasma centers, large reference laboratories and blood donor centers by offering highest throughput in industries, and ability to process greatest volume of samples (up to 300 samples per hour) for single analyzer in its class. It also used in testing multiple assays which includes Rh typing, ABO blood grouping, RBCs antigen screening, weak D testing and syphilis qualitative screening.
Analyst View:
Increase in prevalence of chronic disease due to unhealthy lifestyle, poor nutrition food, lack of exercise has given rise in diagnostic centers for testing. People are aware about their health and diagnostic centers helps them in providing earlier diagnose of disease by testing. Advancement in microplate system is growing around the world which helps in providing high throughput screening, high productivity, testing multiple assays which has provide positive impact in market growth. Demand for cell-based research, diagnostic centers is rising due to rise in chronic diseases. Research and development, Drug discovery and development has given rise in use of microplate system. However, new advancement, rising diagnostic centers, increasing research and development is expected to provide boost growth in Microplate Sytems Market. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.
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Key Market Insights from the report:
Global Microplate Systems Market accounted for US$ 981.6 million in 2022 and is estimated to be US$ 1545.90 by 2032 and is anticipated to register a CAGR of 4.7%. The Global Microplate Systems Market is segmented based on Type, Application, End-User and Region.
• Based on Type, Global Microplate Systems Market is segmented into Microplate Washer, Microplate Stacker, Microtiter Plate Reader, Microplate Transport System, and others.
• Based on Application, Global Microplate Systems Market is segmented into Genomics & Proteomics Research, Drug Discovery, Clinical Diagnostics, and others.
• Based on End-User, Global Microplate Systems Market is segmented into Hospitals, Biotechnology Industries, Academic & Research Institutes, Diagnostic Centers and Pharmaceutical Industries.
• By Region, the Global Microplate Systems Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Competitive Landscape & their strategies of Global Microplate Systems Market:
The prominent players operating in the Global Microplate Systems Market includes, Thermo Fisher Scientific Inc., Agilent Technologies Inc., Danaher Corporation, Hudson Robotics, Micro Lab Instruments, Bio-Rad Laboratories Inc., Rayto, Mindray, CTK Biotech Inc., PerkinElmer, Enzo Life Sciences Inc., Dynex technologies, LTEK, and others.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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