Rising Demand For Personalized Medicine Fuels Growth In Microplate Instrumentation And Supply Driving Market Acceleration in the Microplate Instrumentation And Supplies Industry, 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

How Large Will the Microplate Instrumentation And Supplies Market Size By 2025?
In recent times, a substantial growth has been recorded in the microplate instrumentation and supplies market size. It is predicted to escalate from $6.96 billion in 2024 to $7.49 billion in 2025, growing at a compound annual growth rate (CAGR) of 7.6%. The growth historically is attributable to factors like the growth of biotech and pharmaceutical companies, an enhanced need for drug discovery and development, a rise in the requirement for high-throughput screening tools, increased government investment, and the prevalence of automation.

How Big Is the Microplate Instrumentation And Supplies Market Size Expected to Grow by 2029?
The market size for microplate instrumentation and supplies is projected to witness notable expansion in the coming years, escalating to $9.93 billion by 2029, with a compound annual growth rate (CAGR) of 7.3%. This surge over the forecast period can be ascribed to the escalating demand for point-of-care diagnostics and testing, the investment in research and development, a heightened prevalence of chronic diseases, an increased focus on genetics, and a rise in demand for tailored medicine. Key trends within the forecast period comprise the inclusion of artificial intelligence and machine learning, the adoption of 3D cell cultures and organoids for research, the incorporation of cloud computing and Internet of Things (IoT) with microplates, the integration of robotics, and advancements in drug discovery and life sciences.

View the full report here:
https://www.thebusinessresearchcompany.com/report/microplate-instrumentation-and-supplies-global-market-report

Which Key Market Drivers Powering Microplate Instrumentation And Supplies Market Expansion and Growth?
An increased need for personalized medicine is predicted to boost the growth of the microplate instrumentation and supplies market. Personalized or precision medicine refers to a healthcare approach that customizes treatment strategies based on individual influences such as genetics, environment, and lifestyle. This growing demand is attributed to the escalated occurrence of chronic conditions, increased consumer awareness and expectations, and cost-efficiency. Microplate instrumentation and supplies, offering precise, high-throughput testing and analysis of biological specimens, are vital in providing personalized medicine. This is crucial in aligning medical treatments with patients' unique genetic, biomolecular, and cellular traits. For instance, from Personalized Medicine Coalition Reports in February 2024, the U.S. FDA approved 16 new personalized treatments in 2023, designed particularly for patients with rare diseases. This is a notable increase compared to the 6 approvals in 2022. Thus, the increased need for personalized medicine is driving the microplate instrumentation and supplies market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18672&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the Microplate Instrumentation And Supplies Market?
Key players in the microplate instrumentation and supplies market are placing emphasis on innovation, particularly emerging technologies like EDR-based microplate readers, to increase accuracy, throughput, and efficiency in laboratory procedures. Microplate readers equipped with Extended Dynamic Range (EDR) technology offer greater detection range and sensitivity in various assays which is notably beneficial for personalized medicine and diverse research fields. To illustrate, BMG LABTECH, a German firm with expertise in the creation of microplate readers, introduced the VANTAstar microplate reader in February 2022. This model utilizes the EDR technology enabling coverage of over eight concentration decades in a single measurement. This innovation simplifies operations by removing the need for manual gain adjustments, as every plate is automatically read using the most suitable sensitivity levels.

What Are the Emerging Segments in the Microplate Instrumentation And Supplies Market?
The microplate instrumentation and supplies market covered in this report is segmented -

1) By Product Type: Microplate Readers, Microplate Washers, Microplate Dispensers, Microplate Accessories, Other Accessories
2) By Sales Channel: Direct Sales, Indirect Sales
3) By End-User Industries: Pharmaceuticals, Food And Beverages, Chemicals And Polymer, Other End-User Industries

Subsegments:
1) By Microplate Readers: Absorbance Readers Or Fluorescence Readers Or Luminescence Readers Or Multimode Readers
2) By Microplate Washers: Manual Microplate Washers Or Automated Microplate Washers
3) By Microplate Dispensers: Manual Microplate Dispensers Or Automated Microplate Dispensers
4) By Microplate Accessories: Sealing Films Or Plate Holders Or Plate Stands
5) By Other Accessories: Microplates (Well Plates) Or Microplate Racks Or Microplate Readers' Calibration Kits

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=18672&type=smp

Who Are the Global Leaders in the Microplate Instrumentation And Supplies Market?
Major companies operating in the microplate instrumentation and supplies market are Thermo Fisher Scientific Inc., Danaher Corporation, The Merck Group, Corning Incorporated, Agilent Technologies Inc., Lonza Group AG, Beckman Coulter Inc., PerkinElmer Inc., Bio-Rad Laboratories Inc., Eppendorf AG, Promega Corporation, Hamilton Company, Molecular Devices LLC, Analytik Jena AG, Biochrom Ltd., OriGene Technologies Inc., Berthold Technologies GmbH & Co. KG, BMG LABTECH GmbH, BrandTech Scientific Inc., Hudson Robotics Inc., Labnet International Inc.

Which are the Top Profitable Regional Markets for the Microplate Instrumentation And Supplies Industry?
North America was the largest region in the microplate instrumentation and supplies market in 2023. The regions covered in the microplate instrumentation and supplies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18672

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.