This Microplate Instrumentation and Supplies market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The microplate instrumentation and supplies market size has grown strongly in recent years. It will grow from $6.49 billion in 2023 to $6.96 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth during the historic period can be attributed to the expansion of biotech and pharmaceutical companies, a rising need for drug discovery and development, a greater demand for high-throughput screening tools, increased investment from government agencies, and a rise in automation.
The microplate instrumentation and supplies market size is expected to see strong growth in the next few years. It will grow to $9.26 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth during the forecast period can be attributed to the increasing demand for point-of-care testing and diagnostics, higher investments in research and development (R&D), a rising prevalence of chronic diseases, a growing focus on genetics, and an increased demand for personalized medicine. Major trends expected during this period include the integration of artificial intelligence and machine learning, the use of 3D cell cultures and organoids in research, the incorporation of cloud computing and the Internet of Things (IoT) in microplates, the adoption of robotics, and advancements in drug discovery and life sciences.
The increasing demand for personalized medicine is anticipated to drive the growth of the microplate instrumentation and supplies market in the near future. Personalized medicine, or precision medicine, customizes treatment and healthcare strategies based on an individual's unique genetic, environmental, and lifestyle factors. The surge in demand for personalized medicine is attributed to the rising prevalence of chronic diseases, growing consumer awareness, and the cost-effectiveness of such treatments. Microplate instrumentation and supplies are vital for personalized medicine, as they facilitate precise, high-throughput testing and analysis of biological samples. This technology is crucial for customizing medical treatments to individual patients' specific genetic, biomolecular, and cellular profiles. For example, in February 2024, the Personalized Medicine Coalition reported that the U.S. Food and Drug Administration (FDA) approved 16 new personalized treatments for rare diseases in 2023, a significant increase from the 6 approvals granted in 2022. Consequently, the demand for personalized medicine is fueling growth in the microplate instrumentation and supplies market.
Leading companies in the microplate instrumentation and supplies market are concentrating on developing innovative products, such as microplate readers utilizing Extended Dynamic Range (EDR) technology, to enhance assay accuracy, increase throughput, and optimize laboratory workflows. EDR technology-based microplate readers are sophisticated instruments designed to improve detection range and sensitivity across various assays, making them particularly beneficial for personalized medicine and other research fields. For instance, in February 2022, BMG LABTECH, a Germany-based company specializing in microplate readers, introduced the VANTAstar microplate reader. This new product features EDR technology, which provides a dynamic range covering over eight concentration decades in a single measurement, thus simplifying the process by removing the need for manual gain adjustments, as each plate is automatically read with optimal sensitivity settings.
In January 2023, Thermo Fisher Scientific, a U.S.-based life sciences and clinical research company, acquired the Binding Site Group for $2.8 billion. This acquisition is intended to bolster Thermo Fisher's capabilities in the diagnostics market, with a particular focus on oncology, and to enhance its service offerings to healthcare providers and patients. The Binding Site Group, also based in the U.S., is a manufacturer of microplate instrumentation and supplies.
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.
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.
The countries covered in the microplate instrumentation and supplies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Microplate instrumentation and supplies refer to the equipment and consumables used with microplates, which are flat plates with multiple wells functioning such as small test tubes. They are essential for high-throughput screening, diagnostics, and various research applications, allowing for the efficient, precise, and reproducible handling and analysis of multiple samples simultaneously.
The primary types of microplate instrumentation and supplies include microplate readers, microplate washers, microplate dispensers, microplate accessories, and other related items. Microplate readers, also known as plate readers or microplate photometers, are laboratory instruments designed to detect biological, chemical, or physical events in samples contained in microtiter plates. These products are distributed through various sales channels, including direct and indirect sales. They are utilized by various industries, such as pharmaceuticals, food and beverages, chemicals and polymers, among others.
The microplate instrumentation and supplies market research report is one of a series of new reports that provides microplate instrumentation and supplies market statistics, including microplate instrumentation and supplies industry global market size, regional shares, competitors with microplate instrumentation and supplies market share, detailed microplate instrumentation and supplies market segments, market trends, and opportunities, and any further data you may need to thrive in the microplate instrumentation and supplies industry. This microplate instrumentation and supply research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The microplate instrumentation and supplies market consists of the sale of microplate readers, microplate sashers, microplate dispensers, and microplate accessories. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The microplate instrumentation and supplies market size has grown strongly in recent years. It will grow from $6.49 billion in 2023 to $6.96 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth during the historic period can be attributed to the expansion of biotech and pharmaceutical companies, a rising need for drug discovery and development, a greater demand for high-throughput screening tools, increased investment from government agencies, and a rise in automation.
The microplate instrumentation and supplies market size is expected to see strong growth in the next few years. It will grow to $9.26 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth during the forecast period can be attributed to the increasing demand for point-of-care testing and diagnostics, higher investments in research and development (R&D), a rising prevalence of chronic diseases, a growing focus on genetics, and an increased demand for personalized medicine. Major trends expected during this period include the integration of artificial intelligence and machine learning, the use of 3D cell cultures and organoids in research, the incorporation of cloud computing and the Internet of Things (IoT) in microplates, the adoption of robotics, and advancements in drug discovery and life sciences.
The increasing demand for personalized medicine is anticipated to drive the growth of the microplate instrumentation and supplies market in the near future. Personalized medicine, or precision medicine, customizes treatment and healthcare strategies based on an individual's unique genetic, environmental, and lifestyle factors. The surge in demand for personalized medicine is attributed to the rising prevalence of chronic diseases, growing consumer awareness, and the cost-effectiveness of such treatments. Microplate instrumentation and supplies are vital for personalized medicine, as they facilitate precise, high-throughput testing and analysis of biological samples. This technology is crucial for customizing medical treatments to individual patients' specific genetic, biomolecular, and cellular profiles. For example, in February 2024, the Personalized Medicine Coalition reported that the U.S. Food and Drug Administration (FDA) approved 16 new personalized treatments for rare diseases in 2023, a significant increase from the 6 approvals granted in 2022. Consequently, the demand for personalized medicine is fueling growth in the microplate instrumentation and supplies market.
Leading companies in the microplate instrumentation and supplies market are concentrating on developing innovative products, such as microplate readers utilizing Extended Dynamic Range (EDR) technology, to enhance assay accuracy, increase throughput, and optimize laboratory workflows. EDR technology-based microplate readers are sophisticated instruments designed to improve detection range and sensitivity across various assays, making them particularly beneficial for personalized medicine and other research fields. For instance, in February 2022, BMG LABTECH, a Germany-based company specializing in microplate readers, introduced the VANTAstar microplate reader. This new product features EDR technology, which provides a dynamic range covering over eight concentration decades in a single measurement, thus simplifying the process by removing the need for manual gain adjustments, as each plate is automatically read with optimal sensitivity settings.
In January 2023, Thermo Fisher Scientific, a U.S.-based life sciences and clinical research company, acquired the Binding Site Group for $2.8 billion. This acquisition is intended to bolster Thermo Fisher's capabilities in the diagnostics market, with a particular focus on oncology, and to enhance its service offerings to healthcare providers and patients. The Binding Site Group, also based in the U.S., is a manufacturer of microplate instrumentation and supplies.
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.
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.
The countries covered in the microplate instrumentation and supplies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Microplate instrumentation and supplies refer to the equipment and consumables used with microplates, which are flat plates with multiple wells functioning such as small test tubes. They are essential for high-throughput screening, diagnostics, and various research applications, allowing for the efficient, precise, and reproducible handling and analysis of multiple samples simultaneously.
The primary types of microplate instrumentation and supplies include microplate readers, microplate washers, microplate dispensers, microplate accessories, and other related items. Microplate readers, also known as plate readers or microplate photometers, are laboratory instruments designed to detect biological, chemical, or physical events in samples contained in microtiter plates. These products are distributed through various sales channels, including direct and indirect sales. They are utilized by various industries, such as pharmaceuticals, food and beverages, chemicals and polymers, among others.
The microplate instrumentation and supplies market research report is one of a series of new reports that provides microplate instrumentation and supplies market statistics, including microplate instrumentation and supplies industry global market size, regional shares, competitors with microplate instrumentation and supplies market share, detailed microplate instrumentation and supplies market segments, market trends, and opportunities, and any further data you may need to thrive in the microplate instrumentation and supplies industry. This microplate instrumentation and supply research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The microplate instrumentation and supplies market consists of the sale of microplate readers, microplate sashers, microplate dispensers, and microplate accessories. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Microplate Instrumentation and Supplies Market Characteristics3. Microplate Instrumentation and Supplies Market Trends and Strategies32. Global Microplate Instrumentation and Supplies Market Competitive Benchmarking33. Global Microplate Instrumentation and Supplies Market Competitive Dashboard34. Key Mergers and Acquisitions in the Microplate Instrumentation and Supplies Market
4. Microplate Instrumentation and Supplies Market - Macro Economic Scenario
5. Global Microplate Instrumentation and Supplies Market Size and Growth
6. Microplate Instrumentation and Supplies Market Segmentation
7. Microplate Instrumentation and Supplies Market Regional and Country Analysis
8. Asia-Pacific Microplate Instrumentation and Supplies Market
9. China Microplate Instrumentation and Supplies Market
10. India Microplate Instrumentation and Supplies Market
11. Japan Microplate Instrumentation and Supplies Market
12. Australia Microplate Instrumentation and Supplies Market
13. Indonesia Microplate Instrumentation and Supplies Market
14. South Korea Microplate Instrumentation and Supplies Market
15. Western Europe Microplate Instrumentation and Supplies Market
16. UK Microplate Instrumentation and Supplies Market
17. Germany Microplate Instrumentation and Supplies Market
18. France Microplate Instrumentation and Supplies Market
19. Italy Microplate Instrumentation and Supplies Market
20. Spain Microplate Instrumentation and Supplies Market
21. Eastern Europe Microplate Instrumentation and Supplies Market
22. Russia Microplate Instrumentation and Supplies Market
23. North America Microplate Instrumentation and Supplies Market
24. USA Microplate Instrumentation and Supplies Market
25. Canada Microplate Instrumentation and Supplies Market
26. South America Microplate Instrumentation and Supplies Market
27. Brazil Microplate Instrumentation and Supplies Market
28. Middle East Microplate Instrumentation and Supplies Market
29. Africa Microplate Instrumentation and Supplies Market
30. Microplate Instrumentation and Supplies Market Competitive Landscape and Company Profiles
31. Microplate Instrumentation and Supplies Market Other Major and Innovative Companies
35. Microplate Instrumentation and Supplies Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Microplate Instrumentation And Supplies Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on microplate instrumentation and supplies market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for microplate instrumentation and supplies? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The microplate instrumentation and supplies market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product Type: Microplate Readers; Microplate Washers; Microplate Dispensers; Microplate Accessories; Other Accessories2) By Sales Channel: Direct Sales; Indirect Sales
3) By End-User Industries: Pharmaceuticals; Food And Beverages; Chemicals And Polymer; Other End-User Industries
Key Companies Mentioned: Thermo Fisher Scientific Inc.; Danaher Corporation; The Merck Group; Corning Incorporated; Agilent Technologies Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies profiled in this Microplate Instrumentation and Supplies market report include:- 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.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | November 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 6.96 Billion |
Forecasted Market Value ( USD | $ 9.26 Billion |
Compound Annual Growth Rate | 7.4% |
Regions Covered | Global |
No. of Companies Mentioned | 21 |