Microplate instrumentation and supplies play a pivotal role in laboratory automation and the simplification of research processes. Microplate instrumentation and supplies also help improve accuracy and save time for researchers while conducting experiments as compared to conventional test tubes. Microplate instrumentation includes microplate readers that are used to detect the chemical, biological and physical events on samples. It is used for various applications such as drug discovery, assay development, etc.
The microplate instrumentation and supplies market is driven by the high need for accurate testing results in healthcare and pharmaceutical research. Some of the leading players in the microplate instrumentation and supplies market are Thermo Fisher Scientific, Inc. (US), Agilent Technologies, Tecan Group Ltd, Berthold Technologies GmbH & Co. KG and Perkin Elmer.
In this report, FMI has segmented the global microplate instrumentation and supplies market by product type, by sales channel, by region and by industry. By product type, the microplate instrumentation and supplies market is sub-segmented into microplate readers, microplate washers, microplate dispensers and microplate accessories.
The demand for microplate instrumentation with various benefits, such as high throughput screening and high sensitivity, has increased significantly. Hence, the microplate reader sub-segment is estimated to register moderate growth with a market share of over 41.3% of the global microplate instrumentation and supplies market by the end of 2027.
Increasing expenditure on R&D in the pharmaceutical & healthcare sector is expected to drive the microplate instrumentation and supplies market
Continuous growth and investments across the healthcare sector are among the major factors driving the microplate instrumentation and supplies market. In addition, growth in the number of R&D activities in the pharmaceutical, healthcare, virology and microbiology industries in major economies, such as the U.S., Japan and Germany, has a direct impact on the microplate instrumentation and supplies market.
Moreover, government funding has increased in various regions, driven by the development of large-scale healthcare & pharmaceutical projects and the high demand for drug discovery across the globe, which is ultimately driving the microplate instrumentation and supplies market.
Extensive usage of microplate instrumentation and supplies in the pharmaceutical sector
Based on the industry segments of the microplate instrumentation and supplies market, the pharmaceutical sub-segment is expected to dominate the market. Microplate readers (one of the product segments of microplate instrumentation and supplies) are commonly used for the high-throughput screening of drugs in the pharmaceutical industry. The performance of microplate readers, which include parameters such as sensitivity and throughput, is of prime importance in the pharmaceutical industry.
Microplate instrumentation and supplies are gaining traction owing to the need for the screening of a large number of compounds/samples. They are also used for the measurement of enzyme assays, cells and protein assays in biological laboratories. The pharmaceutical sub-segment of the microplate instrumentation and supplies market is estimated to create a revenue opportunity of 540.3 Mn between 2018 and 2027.
Moreover, the high demand from drug discovery research and the need for the automation of laboratory tasks is driving the microplate instrumentation and supplies market.
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Rapid adoption of microplate readers to achieve high-throughput screening of samples
As per FMI analysis, leading manufacturers in the microplate instrumentation and supplies market are focusing on the innovation of instruments, such as microplate readers, which can be used to analyse samples across several applications such as drug discovery, assay development, cell proliferation and others.
Manufacturers are focusing on introducing microplate readers that offer high-throughput screening along with high sensitivity. For example, BMG LABTECH based in Germany showcased its microplate reader products at the exhibition SLAS Europe 2018. The company has recently launched various microplate readers for high-throughput screening.
Leading players, such as Perkin Elmer and Thermo Fischer Scientific, have launched customised microplate readers with upgraded technology. Nano microplate readers for the quantification of protein and cell proliferation are also gaining traction in the microplate instrumentation and supplies market.
North America is expected to remain dominant owing to high spending on research and development
North America is expected to dominate the global microplate instrumentation and supplies market due to the presence of leading pharmaceutical companies in the region and their high spending on R&D. The U.S. is one of the most prominent countries in the region in terms of R&D spending, and is expected to remain prominent in the coming years. The leading players are focusing on introducing innovative products and are customising microplate instrumentation and supplies to remain competitive.
In Asia Pacific, China invested approximately $475 billion on R&D in 2018, which is expected to increase in the coming years. The revenue contribution of the APEJ microplate instrumentation and supplies market is expected to increase at a CAGR of 5.8% during the forecast period.
Microplate Instrumentation and Supplies Market: Competitive Landscape
The detailed profiles of prominent players in the microplate instrumentation and supplies market have been provided in the scope of the report to evaluate their short-term and long-term strategies, key offerings and recent developments in the microplate instrumentation and supplies market.
As per FMI analysis, some of the key vendors of the microplate instrumentation and supplies market are Biohit Oyj; Bio-Rad Laboratories, Inc.; Beckman Coulter, Inc.; BioTek Instruments, Inc.; BMG LABTECH GmbH; Eppendorf AG; Danaher Corporation; PerkinElmer, Inc.; Thermo Fisher Scientific, Inc.; Tecan Group Ltd.; Agilent Technologies; Berthold Technologies GmbH & Co. KG and Promega Corporation.
Key Segments of Microplate Instrumentation and Supplies Market
By Product Type
- Microplate Readers
- Microplate Washers
- Microplate Dispensers
- Microplate Accessories
By Sales Channel
- Direct Sales
- Indirect Sales
- Food and Beverages
- Chemicals & Polymer
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Rest of APEJ
- GCC Countries
- South Africa
- Rest of MEA