Microplate Instrumentation And Supplies Market

Microplate Instrumentation and Supplies Market: High Adoption in Virology and Serology Expected to Drive Growth: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027

  • 2019-01-04
  • REP-GB-8197
  • 145 pages
  • PDF PPT EXCEL
Microplate Instrumentation And Supplies Market

An Incisive, In-depth Analysis on the Microplate Instrumentation And Supplies Market

This study offers a comprehensive, 360 degree analysis on the Microplate Instrumentation And Supplies market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Microplate Instrumentation And Supplies market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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.

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.

Report Synopsis

Future Market Insights (FMI) offers a 9-year forecast of the microplate instrumentation and supplies market between 2018 and 2027. In terms of value, the microplate instrumentation and supplies market is expected to register a high CAGR during the forecast period. This study demonstrates the global microplate instrumentation and supplies market dynamics and trends across six regions: North America, Latin America, Europe, Japan, APEJ and MEA, which influence the current nature and the future status of the microplate instrumentation and supplies market over the forecast period.

Report Description

This research report provides a detailed analysis of the microplate instrumentation and supplies market and offers insights on the various factors driving the popularity of microplate instrumentation and supplies. The report includes an extensive analysis of the key industry drivers, challenges, microplate instrumentation and supplies market trends & microplate instrumentation and supplies market structure. The microplate instrumentation and supplies market study provides a comprehensive assessment of the stakeholder strategies and imperatives for succeeding in the business. The report segregates the microplate instrumentation and supplies market based on product type, sales channel, industry and different regions globally.

The microplate instrumentation and supplies market is expected to witness significant value growth during the forecast period owing to the rising adoption of innovative technologies and the availability of microplate instrumentation and supplies in different regions. The report starts with an overview of the microplate instrumentation and supplies market in terms of value. In addition, this section includes an analysis of the key trends, drivers and challenges from the supply, demand and economy side, which are influencing the microplate instrumentation and supplies market. A detailed analysis has been provided for every segment in terms of the analysis of the size of the microplate instrumentation and supplies market across different regions.

The next section of the microplate instrumentation and supplies market report contains a detailed analysis of the microplate instrumentation and supplies market across various countries in the region. It provides a microplate instrumentation and supplies market outlook for 2018–2027, and sets the forecast within the context of the microplate instrumentation and supplies market, which includes the latest technological developments as well as offerings in the microplate instrumentation and supplies market. This study discusses the key trends within countries contributing to growth of the microplate instrumentation and supplies market, as well as analyses the degrees at which the drivers are influencing the microplate instrumentation and supplies market in each region.

Key regions and countries assessed in this report include North America (U.S. & Canada), Latin America (Brazil, Mexico & the rest of Latin America), Europe (Germany, U.K., Spain, France, Russia & the rest of Europe), Japan, APEJ (China, India, Malaysia, Singapore, Australia & the rest of APEJ) and MEA (GCC Countries, Israel, South Africa & the rest of MEA). This report evaluates the present scenario as well as the growth prospects of the microplate instrumentation and supplies market across various regions globally for the period 2018 –2027. We have considered 2017 as the base year, and provided data for the remaining 12 months for the microplate instrumentation and supplies market.

To offer an accurate forecast, we have started by sizing the current microplate instrumentation and supplies market, which forms the basis of how the microplate instrumentation and supplies market will grow in the future. Given the characteristics of the microplate instrumentation and supplies market, we have triangulated the outcome of different types of analysis based on the services trends.

As previously highlighted, the global microplate instrumentation and supplies market is split into a number of segments. All the segments in terms of product type, sales channel, industry and different regions are analysed in terms of basis points to understand the relative contributions of individual segments to the growth of the microplate instrumentation and supplies market. This detailed information is important for the identification of various key trends in the global microplate instrumentation and supplies market.

In addition, another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the microplate instrumentation and supplies market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify the potential resources from a sales and delivery perspective in the global microplate instrumentation and supplies market.

In the final section of the report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the microplate instrumentation and supplies market, and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of the key provider specific to the microplate instrumentation and supplies segment in the microplate instrumentation and supplies supply chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate the key competitors based on an in-depth assessment of their capabilities and success in the microplate instrumentation and supplies market place.

The detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the microplate instrumentation and supplies market. Some of the key competitors covered in the microplate instrumentation and supplies in the report are Beckman Coulter, Inc.; Biohit Oyj; Bio-Rad Laboratories, Inc.; BioTek Instruments, Inc.; BMG LABTECH GmbH; Eppendorf AG; Molecular Devices, LLC; PerkinElmer, Inc.; Tecan Group Ltd.; Thermo Fisher Scientific, Inc.; Agilent Technologies; Berthold Technologies GmbH & Co. KG; Promega Corporation and Tecan Trading AG.

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

  • By Industry

    • Pharmaceuticals

    • Food and Beverages

    • Chemicals & Polymer

    • Others

Key Regions

  • North America

    • U.S.

    • Canada

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Europe

    • Germany

    • U.K.

    • France

    • Spain

    • Russia

    • Rest of Europe

  • APEJ

    • China

    • India

    • Malaysia

    • Singapore

    • Australia

    • Rest of APEJ

  • Japan

  • MEA

    • GCC Countries

    • Israel

    • South Africa

    • Rest of MEA

Key Companies

Beckman Coulter, Inc., Biohit Oyj, Bio-Rad Laboratories, Inc., BioTek Instruments, Inc., BMG LABTECH GmbH, Eppendorf AG, Molecular Devices, LLC, PerkinElmer, Inc., Tecan Group Ltd., Thermo Fisher Scientific, Inc., Agilent Technologies, Berthold Technologies GmbH & Co. KG, Promega Corporations.

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