| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 4.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Microplate Systems Market Analysis
The Microplate Systems Market is expected to register a CAGR of 4.3% during the forecast period.
- The COVID-19 pandemic significantly impacted the growth of the microplate systems market, primarily due to the increased development of microplate systems for the diagnosis of COVID-19. The high demand for accurate diagnosis led to the utilization of microplates in detecting COVID-19 antibodies, which significantly impacted the market growth during the pandemic. For example, in July 2020, Dia. Pro Diagnostics Bioprobes SRL launched four EIA microplate kits for the detection of COVID-19 antibodies in human serum and plasma.
- In the post-pandemic situation, the microplate systems market is anticipated to witness growth due to the adoption of a wide range of assays and the introduction of AI-enabled microplate systems for advanced biochemical processes.
- The market's growth is expected to be fueled by increasing R&D investment by companies, particularly in proteomics and genomics, the rise in laboratory testing for chronic disease, and technological advancements in microplates. For instance, in May 2022, researchers developed an automated high-throughput efficient microplate reader (AHTEMR) platform by engineering a combination of a spectrometer and a high-precision ball screw two-dimensional motion slide for high-throughput and full-spectrum-required biochemical assays. Such advancements in microplate systems are anticipated to boost market growth.
- Furthermore, the rise in laboratory tests taken by chronic disease patients is likely to be a growth factor for the market expansion. For example, a retrospective, descriptive multi-center study published in the December 2022 Nature Journal included a huge sample of ICU patients and found that the frequency of routine laboratory tests conducted during the first eight days of an ICU stay was relatively high. Hence, the increase in laboratory tests is anticipated to utilize microplate systems and increase market growth.
- Moreover, increasing R&D investment by companies, particularly in proteomics and genomics, is one of the significant factors driving the market's growth. For example, in 2022-23, the Department of Scientific and Industrial Research (DSIR) allocated about USD 683.1 thousand (INR 5,636 crores), out of which 99% of the allocation was towards the Council of Scientific and Industrial Research (CSIR). The Department of Biotechnology (DBT) was allocated USD 312 thousand (INR 2,581 crore) in 2022-23. Additionally, increasing product launches are expected to contribute to the market's growth over the forecast period. For instance, in February 2022, BMG Labtech launched the VANTAstar microplate reader for ease of use and flexibility for a wide range of applications in basic research and life sciences.
- However, the rising cost of advanced microplate systems and a lack of awareness about novel techniques in developing regions are restraining factors for the market's growth during the forecast period.
Microplate Systems Market Trends
Drug Discovery is Expected to Hold a Significant Share in the Market Over the Forecast Period
- Drug discovery is a complex process that involves the identification of potential new therapeutic entities using a combination of computational, experimental, translational, and clinical models. Biochemical assays using microplates are effective at identifying, measuring, and researching the binding or activity of a biological substance, making them valuable tools in drug discovery research. High-content screening microplates are particularly useful for eliciting biologically pertinent data from cells and substances. The drug discovery segment is expected to hold a significant market share due to the increasing number of research and development activities, as well as the rising number of drug discoveries utilizing the application offered by microplate systems.
- Microplate systems are also widely utilized in studies relating to traditional medicine, which is expected to have a positive impact on the market. For example, a recent article published in June 2022 described a study to screen traditional Chinese medicine (TCM) for COVID-19 drug development. The phytochemical content and bioactivities of aqueous herbal extract (AHEs) were determined using an ELISA microplate reader. Additionally, an increase in product launches and strategic activities by key players is expected to drive market growth. In April 2022, eNUVIO launched the EB-CLARIFY device, an all-in-one embryoid body (EB) formation, processing, and imaging device that provides scientists with a complete solution to working with delicate spheroids.
- The innovative EB-CLARIFY is poised to greatly increase the efficiency of spheroids in drug discovery, efficacy, and safety testing programs. Similarly, in February 2021, PerkinElmer launched the first cell painting kit as part of its new portfolio of PhenoVue cellular imaging reagents, which leverages its expertise in cellular imaging and high-content screening. With this entire screening workflow, researchers can better understand diseases and develop more targeted therapies and drugs to treat them.
- Furthermore, the rise in research funding for the development of drugs to treat chronic diseases is likely to increase the demand for microplate systems and thereby boost market growth. For instance, in December 2022, two biomedical researchers at Michigan State University received a total of USD 600,000 in high-risk, high-reward Catalyst Awards from the Dr. Ralph and Marian Falk Medical Research Trust for Cancer Development and Tuberculosis Drugs. Therefore, with the growing utilization of microplates in drug discovery, along with an increase in product launches and funding, the studied segment is expected to witness significant growth in the market over the forecast period.
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North America is Anticipated to Hold a Significant Market Share in the Market Over the Forecast Period
- The North American market for microplate systems is expected to hold a significant market share over the forecast period due to several factors. Firstly, there has been an increase in product launches and research and development investments, as well as the emergence of advanced laboratory testing in the region. For example, a recent article published in CBC in September 2022 highlighted a simple blood test that can detect over 50 types of cancer, which its makers are hailing as a new approach to cancer screening in Canada.
- Additionally, the Royal Victoria Regional Health Centre (RVH) unveiled a state-of-the-art automated laboratory facility in April 2022, making it the first in Canada to have Siemens Healthineers Atellica Solution connected to Aptio Automation. This new facility is expected to provide increased testing capacity, including hematology and coagulation testing, thereby creating a total lab automation solution. As a result, the launch of laboratory testing facilities is anticipated to drive the demand for microplate systems, leading to market growth.
- Furthermore, an increase in pharmaceutical research funding in the region is expected to fuel the development of microplate systems. According to the Pharmaceutical Industry in Figures 2022 report published by EFPIA, the United States Pharmaceutical R&D expenditure rose from 7.7% during the 2012-2016 period to 8.5% during the 2017-2021 period. Additionally, the increasing number of product launches by various market players in this region is also expected to contribute to the growth of the market. For example, in September 2022, Integra launched the WELLJET family of dispensers to reduce running costs, increase productivity, and provide longer walk-away time for bulk microplate filling and reagent dispensing.
- Similarly, in June 2021, AlphaGem Bio Inc., a supplier of medical labware for liquid transfer handling, launched a polymerase chain reaction (PCR) plate made of TOPAS COC from Polyplastics in the United States. This new plate for genomic testing uses TOPAS for greater rigidity and heat stability compared to plastics such as polypropylene (PP) and polycarbonate (PC). Therefore, the rise in laboratory tests due to chronic diseases and increasing product launches by various market players are expected to contribute to the growth of the market over the forecast period in North America.
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Microplate Systems Industry Overview
The market for microplate systems is competitive, with the presence of international players as well as local players. The key players are implementing certain strategic efforts, such as mergers, new product launches, acquisitions, and collaborations, to strengthen their position in the market. Some of the key players in the market are Bio-Rad Laboratories Inc., Agilent Technologies Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Thermo Fisher Scientific Inc., and Danaher Corporation (Molecular Devices), among others.
Microplate Systems Market Leaders
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Bio-Rad Laboratories, Inc.
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Agilent Technologies, Inc.
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Thermo Fisher Scientific Inc
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Danaher Corporation (Molecular Devices)
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Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- *Disclaimer: Major Players sorted in no particular order
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Microplate Systems Market News
- July 2022: Porvair Sciences introduced a 96-well deep well microplate designed for labs using magnetic beads for nucleic acid purification, clean-up, and protein purifications. The 96-well magnetic bead separation plate has a reinforced base that can be routinely centrifuged at up to 6,000x g enabling faster magnetic bead separation protocols and improved sample quality.
- April 2022: Molecular Devices, a provider of high-performance life science solutions, launched its SpectraMax Mini Multi-Mode Microplate Reader, a compact solution designed to save researchers benchtop space and budget.
Microplate Systems Industry Segmentation
As per the scope of the report, the microplate is a plate with wells acting as test tubes. Microplates are used widely as an analytical tool in laboratories and clinical diagnostics.
The microplate systems market is segmented by product type (single-mode microplate readers (fluorescence plate readers, absorbance plate readers, luminescence plate readers), multi-mode microplate readers (filter-based readers, monochromator-based readers, hybrid readers), microplate pipetting systems and dispensers, microplate washers, and others), application (genomics and proteomics research, drug discovery, clinical diagnostics, and other applications), end-user (hospital and diagnostic laboratories, biotechnology and pharmaceutical companies, and research and academic institutes) and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report also covers the estimated market sizes and trends for 17 different countries across major regions globally.
The report offers the value (in USD million) for the above segments.
| By Product Type | Single-Mode Microplate Readers | Fluorescence Plate Readers | |
| Absorbance Plate Readers | |||
| Luminescence Plate Readers | |||
| Multi-Mode Microplate Readers | Filter-Based Readers | ||
| Monochromator-Based Readers | |||
| Hybrid Readers | |||
| Microplate Pipetting Systems and Dispensers | |||
| Microplate Washers | |||
| Other Product Types | |||
| By Application | Genomics and Proteomics Research | ||
| Drug Discovery | |||
| Clinical Diagnostics | |||
| Other Applications | |||
| By End-User | Hospital and Diagnostic Laboratories | ||
| Biotechnology and Pharmaceutical Companies | |||
| Research and Academic Institutes | |||
| By Geography | North America | United States | |
| Canada | |||
| Mexico | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Italy | |||
| Spain | |||
| Rest of Europe | |||
| Asia-Pacific | China | ||
| Japan | |||
| India | |||
| Australia | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| Middle East and Africa | GCC | ||
| South Africa | |||
| Rest of Middle East and Africa | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
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Microplate Systems Market Research FAQs
What is the current Microplate Systems Market size?
The Microplate Systems Market is projected to register a CAGR of 4.3% during the forecast period (2025-2030)
Who are the key players in Microplate Systems Market?
Bio-Rad Laboratories, Inc., Agilent Technologies, Inc., Thermo Fisher Scientific Inc, Danaher Corporation (Molecular Devices) and Shenzhen Mindray Bio-Medical Electronics Co., Ltd. are the major companies operating in the Microplate Systems Market.
Which is the fastest growing region in Microplate Systems Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Microplate Systems Market?
In 2025, the North America accounts for the largest market share in Microplate Systems Market.
What years does this Microplate Systems Market cover?
The report covers the Microplate Systems Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Microplate Systems Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Microplate Systems Industry Report
Statistics for the 2025 Microplate Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Microplate Systems analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
