In the year 2023, it is anticipated that the global microplate instrumentation and supplies market is expected to be valued at USD 6.4 billion. According to the market analysis figures, the global market size is anticipated to expand at a CAGR of 4.3% over the next ten years. Further, the report predicts the overall microplate instrumentation and supplies market valuation of the market to reach USD 9.8 billion by 2033.
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 primarily used for various applications such as drug discovery, assay development, etc in laboratories.
The demand for microplate instrumentation and supplies is driven by the high need for accurate testing results in healthcare and pharmaceutical research. Few of the leading players in the market are Thermo Fisher Scientific, Inc. (US), Agilent Technologies, Tecan Group Ltd, Berthold Technologies GmbH & Co. KG, and Perkin Elmer.
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 includes parameters such as sensitivity and throughput, are of prime importance in the pharmaceutical industry.
The growing demand for sophisticated microplate equipment is anticipated to offer lucrative prospects for market participants over the next several years. Owing to the growing demand for advanced instruments, the glass microplate market segment is poised to experience significant growth in the future.
| Attributes | Details |
|---|---|
| Microplate Instrumentation and Supplies Market Share (2022) | USD 6.1 billion |
| Microplate Instrumentation and Supplies Market Size Value (2023) | USD 6.4 billion |
| Microplate Instrumentation and Supplies Market Size Value (2033) | USD 9.8 billion |
| Microplate Instrumentation and Supplies Market Growth Rate (2023 to 2033) | 4.3% |
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As per the previous microplate instrumentation and supplies market survey report data, the sales number has slowed down in comparison to the 2017 to 2022 period. Over those five years, the overall market progressed at an average annual rate of 5.6% and concluded at around USD 6.1 billion in 2022.
Though the market followed a predictable low growth rate in 2018 and 2019, demand for the product skyrocketed after the outbreak of the Covid-19 pandemic. High sales of microplate instrumentation and supplies in the year 2020 and 2021 brought up the growth to a high average CAGR. However, the overall demand for microplate instrumentation and supplies has come back to normal and is anticipated to increase gradually in the future.
Continuous growth and investments across the healthcare sector are among the key factors fueling the demand for microplate instrumentation and supplies. In addition, growth in the number of research and development activities in the pharmaceutical, healthcare, virology, and microbiology industries has strengthened over the years. These advancements in leading economies, such as the United States, Japan, and Germany, have a direct impact on the sales of microplate instrumentation and supplies.
International and local government funding has increased in various regions, driven by the development of large-scale healthcare & pharmaceutical projects. In addition, the high demand for drug discovery across the globe is ultimately bolstering the microplate instrumentation and supplies market.
Microplate sealing type instrumentation is also gaining traction owing to the need for the screening of a large number of compounds/samples. This type is used for the measurement of enzyme assays, cells, and protein assays in biological laboratories. Moreover, the high demand from drug discovery research and the need for the automation of laboratory tasks is driving the microplate sealing type market.
| Attributes | Details |
|---|---|
| Top Product Type | Microplate Reader |
| CAGR % 2017 to 2022 | 5.4% |
| CAGR % 2023 End of Forecast (2033) | 4.1% |
The microplate readers segment is predicted to have the significant market share worldwide during the forecast years. With more than an estimated share of 41.3%, the microplate reader segment witnessed some downfall after the pandemic years according to a new analysis by Future Market Insights.
The demand for microplate instrumentation with various benefits, such as high throughput screening and high sensitivity, has increased significantly. Hence, the sales of microplate shaker and microplate washer segments are also estimated to register moderate growth over the forecast years.
The microplate washer market segment is also anticipated to expand significantly during the next ten years with the establishment of more research facilities. Also, the proliferation of commercial research facilities is expected to augment the microplate shaker market segment during the forecast years.
| Attributes | Details |
|---|---|
| Top End User Industry | Pharmaceuticals |
| CAGR % 2017 to 2022 | 5.2% |
| CAGR % 2023 End of Forecast (2033) | 3.7% |
Based on the industry segments of the microplate instrumentation and supplies market, the pharmaceutical segment is expected to dominate the market. The pharmaceutical segment of the market is estimated to create a revenue opportunity of over USD 500 million between 2023 and 2033.
Other end-user industries, such as food & beverages, have also emerged as important segments for the market players recently. The enactment of strict laws for food safety and export has necessitated the high adoption of microplate instrumentation and supplies in this sector. Other than that, the chemical and polymer industries have also generated huge demand for microplate instrumentation and supplies these days. This end-user segment has primarily supported the emerging trends in the microplate strips market segment further augmenting the overall market.
North America is expected to dominate the global microplate instrumentation and supplies market due to high spending by the federation on research infrastructure. Moreover, the presence of many leading pharmaceutical companies in the region and their high spending on research and development has also strengthened the said market.
| Attributes | Details |
|---|---|
| United States Market Size (2033) | USD 3.5 billion |
| United States Absolute Dollar Growth | USD 1.2 billion |
| United States Market CAGR (2023 to 2033) | 3.4% |
The United States is one of the most prominent countries in terms of research and deveopment spending and manufacturing of sophisticated instruments. So the microplate instruments and supplies market players together are expected to contribute 33% of the market in the coming years. Moreover, the regional players focus on introducing innovative products and customizing microplate instrumentation and supplies to remain competitive.
| Attributes | Details |
|---|---|
| United Kingdom Market Size (2033) | USD 411.6 million |
| United Kingdom Absolute Dollar Growth | USD 118.1 million |
| United Kingdom Market CAGR (2023 to 2033) | 3.2% |
The demand for microplate instruments in Europe region is dominated by the United Kingdom. It is primarily due to the growing medical tourism sector in the country along with the existence of certain significant players operating in the industry.
The revenue contribution of Asia Pacific market is expected to increase at a CAGR of 5.8% during the forecast period.
| Attributes | Details |
|---|---|
| China Market Size (2033) | USD 701.8 million |
| China Absolute Dollar Growth | USD 216.1 million |
| China Market CAGR (2023 to 2033) | 3.7% |
In Asia Pacific, China invested around USD 475 billion in research and development in 2018, which is expected to increase in the coming years. Growing government support to strengthen China’s research capabilities is projected to favor the domestic microplate instrumentation and supplies market players.
| Attributes | Details |
|---|---|
| India Market Size (2033) | USD 337.4 million |
| India Absolute Dollar Growth | USD 65.1 million |
| India Market CAGR (2023 to 2033) | 2.2% |
The usage of microplate instruments in India is expected to rise as a result of increased public funding for creating robust healthcare facilities. In addition to this, India's fast economic development, improved manufacturing facilities, and availability of trained labor have also strengthened the bio-medical research sector. However, the Indian market is still filled with certain barriers for startups and small enterprises entering the microplate instrumentation and supplies sector. Substantial financial investment is needed for the creation and commercialization of innovative products and they must make large investments to compete globally.
| Attributes | Details |
|---|---|
| Japan Market Size (2033) | USD 573.6 million |
| Japan Absolute Dollar Growth | USD 142.3 million |
| Japan Market CAGR (2023 to 2033) | 2.9% |
Japan is considered to be a well-established market for the supply and use of microplate instrumentation and supplies for its robust medical research activities. Unfortunately, in comparison to emerging economies in Asia Pacific, the performance of the regional market might be limited.
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As per FMI analysis, leading manufacturers in the microplate instrumentation and supplies market are focusing on the innovation of instruments. Advancements such as microplate strips can be used to analyze samples across manyl applications such as drug discovery, assay development, cell proliferation, and others.
Microplate shaker and reader manufacturers focus 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 customized microplate washers with upgraded technology. Nano microplate readers for the quantification of protein and cell proliferation are also gaining traction in the glass microplate market.
The market is estimated to secure a valuation of USD 6.4 billion in 2023.
The global market size is expected to reach USD 9.8 billion by 2033.
The growth potential of the market is 4.3% through 2033.
Enhancements in healthcare diagnosis technologies are creating prospects for growth.
China market is expected to register a CAGR of 3.7% through 2033.
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Microplate Instrumentation and Supplies Market
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