Microplate Systems Market: Global Opportunity Analysis and Industry Forecast, 2022-2029 Market

Microplate systems market is expected to witness growth in upcoming years due to factors such as increase in demand for automated cell-based and biochemical assays in the biotechnology industries and increase in prevalence of chronic and infectious diseases.

Microbial interactivity is found in biological interactions and process among bacteria. It includes infections from plants, animals and also humans. Microplate systems are known as one of the most significant devices available to examine how the microbes act together. Microplate system is an apparatus used in the laboratory which is developed for finding out biological, chemical process and physical reactions for research and experimental activities. These systems are very useful for testing of gene expression reactions, biological reactions and quantification of proteins. Microplate system has its applications in drug discovery, environmental monitoring, treatment of waste water and fermented foods.  

COVID-19 scenario analysis:

To take care of infected population, the demand for medical supplies is increasing. Respiratory support devices such as atomizer, life-support machine, oxygen generator, and monitor are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With rise in number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil population for precautionary measures. Manufacturers of these products have a chance to capitalize this increased demand of medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Considering these factors, COVID -19 is expected to have significant impact on Microplate Systems Market.

Top Impacting factors:

• Factors such as increase in popularity for automated cell based and biochemical assays in biotechnology industries has boosted demand and requirement for microplate systems.
• Increase in prevalence of chronic and infectious diseases in various countries across the world has increased the demand for latest method in diagnostic such as microplate systems.
• Rise in investments on R&D activities by various industries in biotechnology, funding made in the laboratories and favorable reimbursement policies in developed countries are expected to boost the growth for microplate systems market.
• However, increase in the cost of technologically advanced products and lack of awareness in availability of improved features in microplate systems is expected to hamper the growth for microplate systems is expected to hamper the growth for the microplate systems market up to some extent during the forecast period.

New Product Launch / News:

In January 2019, Beckman Coulter, a global leader in the clinical diagnostics industry, announced the launch of its next-generation fully automated microplate system for donor blood testing, the PK7400. Designed for use in blood donor centers, plasma centers and large reference laboratories, the new system offers the industry's highest throughput, processing the greatest volume of samples for a single analyzer in its class – up to 300 samples per hour.

In 2018, Labcyte Inc.  launched the Echo 650 and 655 Liquid Handlers, which employ the unique capabilities of acoustic droplet ejection (ADE) technology with 2.5 nanoliter transfers. The 650 and 655 microplate-based systems include features to improve usability that were first made available in the recently launched 650T and 655T tube and microplate-enabled products. 

Key benefits of the report:

• This study presents the analytical depiction of the microplate systems market along with the current trends and future estimations to determine the investments.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the microplate systems market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed microplate systems market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Microplate Systems Market Report:

• What are the leading market players active in microplate systems market?
• What the current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?
• What Segments and region will drive the microplate systems market growth & why?

 Microplate Systems Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights