The microplate system market is forecast to grow at a compound annual growth rate (CAGR) of more than 5% during the forecast period from 2021-2030.
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Microbial interactivity occurs when bacteria interact and conduct biological processes. Infections resulting from bacterial interactions happen in humans, animals, and plants. Microplates are among the most beneficial tools available for studying the way microbes interact with each other. Microplate systems are laboratory equipment used for determining biological processes, chemical reactions, & physical reactions for research and experiments. In addition to testing gene expression reactions and biologic reactions, these systems can also quantify proteins. Among the applications of Microplate technology are drug discovery, forensic analysis, wastewater treatment, and fermentation.
The U.S. Bureau of Economic Analysis and the U.S. Census Bureau reports that the goods and services deficit rose from $68.7 billion in January 2023 to $70.5 billion in February, an increase of $1.9 billion. Due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion, the goods and services deficit increased in February. The goods and services deficit has decreased this year by $35.5 billion, or 20.3% when compared to the same period in 2022. $10.8% more, or $49.5 billion, was exported. Imports cost $2.2% more, or $14.0 billion, than exports.
Factors Affecting
A number of factors, including the rise in popularity of cell-based and biochemical tests in the biotechnology industry, have increased demand and the need for microplate systems.
There has been an increase in chronic and infectious diseases in various countries worldwide, which has increased the demand for modern diagnostic methods such as microplate systems.
Various firms in biotechnology are investing more in research and development, laboratories are receiving funding, and reimbursement policies in developed countries are promoting market growth for microplate systems.
Nonetheless, an increase in the price of technologically advanced products and a lack of awareness about the availability of improved features in microplates may hinder the market growth up to some extent during the forecast period.
Impact Analysis of COVID-19
The demand for medical supplies is rising due to the increased number of infected people. The primary healthcare sector frequently uses respiratory support devices, including oxygen generators, oxygen atomizers, and life-support machines. As a result of COVID-19, the demand for medical supplies has increased dramatically, particularly for protective gear such as masks, gloves, and eyeglasses. Healthcare professionals and the general public are becoming more concerned with precautionary measures due to the increasing number of COVID-19 cases. The companies that produce these products are able to take advantage of this increased demand by ensuring an adequate and continuous supply of these products to the market. As a result of these factors, and to some extent due to COVID -19’s influence, the Microplate Systems market was significantly impacted.
Regional Overview
In terms of market share, North America dominated the microplate systems segment. North America’s substantial share of the market is attributable to factors such as government initiatives to encourage cell-based research, the increasing acceptance of personalized medicine, the growing number of academics and government providers of diagnostic services, and the increased focus on drug discovery.
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Leading Companies
The leading prominent companies profiled in the global microplate system market are:
Bio-Rad Laboratories Inc. (US)
PerkinElmer (US)
Danaher Corporation (US)
Thermo Fisher Scientific (US)
Agilent Technologies Inc. (US)
Tecan Group Ltd. (Switzerland)
BMG Labtech (Germany)
Promega Corporation (US)
Enzo Life Sciences Inc. (US)
Berthold Technologies (Germany)
Biochrom Ltd (UK)
Corning Inc. (US)
Lonza Group AG (Switzerland)
Brucker Corporation (US)
Dynex Technologies (US)
Bio-One International GmbH (Austria)
Accuris Instruments (US)
CTK Biotech Inc. (US)
L-Tek (South Korea)
JASCO, Inc. (Japan)
Rayto Life and Analytical Sciences Co., Ltd. (China)
Micro Lab Instruments (India)
Biohit Oyj (Finland)
Mindray (China)
Hudson Robotics (US)
Other Prominent Players
Scope of the Report
The global microplate system market segmentation focuses on Product, Application, End-User, and Region.
Segmentation based on Product
Microplate Readers
Multi-mode Microplate Readers
Filter-based Readers
Monochromator-based Readers
Hybrid Readers
Single-Mode Microplate Readers
Fluorescence Plate Readers
Absorbance Plate Readers
Luminescence Plate Readers
Microplate Pipetting Systems and Dispensers
Microplate Washers
Microplate Accessories & Software
Segmentation based on Application
Drug discovery
Clinical diagnostics
Genomics and Proteomics research
Other applications
Segmentation based on End-User
Biotechnology and pharmaceutical companies
Hospitals and diagnostic laboratories
Research and academic institutes
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Aim of the Report
This study aims to determine the market size of various segments and countries with forecast values for next ten years.
Within the regions and countries studied, the report covers both qualitative and quantitative aspects of the industry.
It also provides detailed information about the crucial aspects such as drivers & challenges that will influence the market’s future growth.
The report will also include investment opportunities in micro markets for stakeholders. In addition, an in-depth analysis of key players’ products and the competitive landscape.
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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