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Microplate Systems Market Report with Size, Share, Value, CAGR, Outlook, Analysis, Latest Updates, Data, and News 2027
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Market Overview
The demand for Microplate Systems is mainly increasing on account of the increasing incidence of chronic and lifestyle disorders, increasing R&D expenditure in the pharmaceutical industry, and increasing focus on miniaturization. Moreover, the rising incidence of infectious diseases led to the high demand for lab testing, and better reimbursement policies are further intensifying the market demand. As per the Joint United Nations Program on HIV and AIDS 2020, women and girls accounted for about 50% of all new HIV infections in 2020 all over the world, while in sub-Saharan Africa, women and girls accounted for 63% of all new HIV infections.
COVID-19 Impact
During the COVID-19 pandemic, every healthcare industry has been affected globally and a significant effect can be seen on the Microplate Systems market. The rise of the COVID-19 has increased the demand for Microplate Systems due to the high contribution of the pharmaceutical and biotechnology industries in controlling the spread of the virus by providing essential drugs, vaccines, kits, and other supplies. The rising establishment of pharmaceutical and biopharmaceutical companies and small start-ups during the pandemic is further intensifying the market growth.
Global Microplate Systems Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Product, the market is primarily bifurcated into
• Microplate Reader
• Microplate Washer
• Microplate Accessories
The Microplate Reader sub-segment dominated the Global Microplate Systems Market and is expected to grow at a noteworthy CAGR by the year 2027.
By Application, the market is primarily segmented into
• Genomics and Proteomics Research
• Drug Discovery
• Clinical Diagnostics
• Other Applications
Amongst Applications, the Drug Discovery segment accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the forecast period 2021-2027.
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By End-user, the market is primarily bifurcated into
• Hospital and Diagnostic Laboratories
• Biotechnology and Pharmaceutical Companies
• Research and Academic Institutes
The Biotechnology and Pharmaceutical Companies sub-segment dominated the global Microplate Systems Market and is expected to grow at a noteworthy CAGR by the year 2027.
Microplate Systems Market Geographical Segmentation Includes:
• North America (United States, Canada, Rest of North America)
• Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)
• Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific)
• Rest of the World
North America is dominating the Microplate Systems Market in 2020 and is anticipated to maintain its dominance during the forecast period.
The major players targeting the market includes
• Bio-Rad Laboratories Inc.
• PerkinElmer
• Danaher Corporation
• Thermo Fisher Scientific
• Agilent Technologies Inc.
• Tecan
• BMG Labtech
• Promega Corporation
• Enzo Life Sciences Inc.
• Berthold Technologies
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Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Microplate Systems Market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the Microplate Systems Market?
• Which factors are influencing the Microplate Systems Market over the forecast period?
• What are the global challenges, threats, and risks in the Microplate Systems Market?
• Which factors are propelling and restraining the Microplate Systems Market?
• What are the demanding global regions of the Microplate Systems Market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
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About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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