Microplate Instrumentation and Supplies Market Current and Future Demand, Analysis, Growth and Forecast By 2027

 Future Market Insights (FMI) has recently published a report titled ‘Microplate Instrumentation and Supplies Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027.’ Microplate instrumentation and supplies are commonly used in various industries such as pharmaceutical, biotechnology and academic research laboratories. Microplate readers and instrumentation play a vital role during the research experiments conducted in laboratories. Nowadays, various research professionals and scientists prefer microplate instrumentation and supplies as compared to conventional test tubes.

One of the main product segments of the microplate instrumentation and supplies market is the microplate reader, which is commonly used for a variety of experiments to detect the physical, biological and chemical events on various samples in several industries. It plays a vital role in the measurement of absorbance, luminescence and fluorescence. The microplate instrumentation and supplies market is driven by various applications in serology and virology. Moreover, the microplate instrumentation and supplies market is driven by the growing demand for drug discovery and high spending on research in various industries such as pharmaceutical, biotechnology, etc.

The global microplate instrumentation and supplies market is expected to grow at a CAGR of 3.9% during the forecast period. The value of the microplate instrumentation and supplies market stood at US$ 4,640.1 Mn in 2017, and is expected to grow significantly and reach US$ 6,763.6 Mn by 2027.

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Rapid Adoption of Multi-mode Microplate Readers with High Optical Performance Witnessed in the Biotechnology and Pharmaceutical Industries

High demand for multi–mode microplate readers is witnessed in various industries, such as biotechnology and pharmaceuticals, across the globe. Various leading manufacturers are focusing on product innovations and the launch of upgraded microplate readers, which not only measure common reading modes such as luminescence and fluorescence intensity, but are also equipped with specialised modalities such as Bioluminescence Resonance Energy Transfer (BRET), etc. Currently, the need for instruments with better optical performance is high as they help boost assay performance. Another factor that plays a vital role in the growth of the microplate instrumentation and supplies market is the ease of use of microplate instrumentation and supplies. Hence, the leading players in the microplate instrumentation and supplies market are focusing on innovations in their product lines to offer easy to use and portable products.

Automated Microplate Washers Gaining Traction Owing to the Demand for Improved Assay Performance

Automated microplate washers offer benefits such as the automated washing of protein arrays, cells and other additional benefits, which include automated systems for vacuum filtration.  Manufacturers are offering/launching automated microplate washers with benefits that can serve various applications to stay competitive in the market. For example, Biotek Instruments, Inc. offers a variety of microplate washers. These companies are focusing on the customisation of products as per the requirements of end users.

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For example, Biotek Instruments (based in the US) offers microplate washers with dispensing options and a touchscreen. Moreover, these washers accommodate a wide variety of applications that include ELISA, cell based assays, vacuum filtration assays and biomagnetic separation. Various leading players in the microplate instrumentation and supplies market, such as Perkin Elmer, Promega and Eppendorf, have recently launched automated microplate washers that offer various benefits.

Growing Investments in Drug Discovery and Research Boosting Microplate Instrumentation and Supplies Market Growth

In the U.S., R&D investments by pharmaceutical companies have been increasing in the past few years, which is driving the sales of microplate instrumentation and supplies. North America is expected to be a prominent microplate instrumentation and supplies market owing to factors such as high spending on R&D and stringent regulations related to drug discovery.  Furthermore, the U.S. is estimated to increase spending on R&D in the next few years. North America is followed by China, which spends ~2% of its GDP on R&D. However, Japan spends a large share of its GDP on R&D as compared to the U.S. and China.

The global microplate instrumentation and supplies market is estimated to expand at a CAGR of 3.9% owing to high investments in R&D, the growing trend of outsourcing R&D in the pharmaceutical industry to low-cost developing countries, an increase in the number of Contract Research Organizations (CROs) and high focus on the replacement and upgradation of obsolete laboratory equipment.

About Testing Equipment Division at Future Market Insights

The Testing Equipment division of FMI is a specialized department catering to unique requirements in the industry. Exclusive coverage of the testing equipment market includes valuable information on regular, compliance, destructive, and non-destructive testing services and associated equipment. The team also executes several complex projects pertaining to the area of manufacturing and process industries, research and academia, testing and certification institutions, government agencies dealing into scientific and environmental research, and defense organizations. Our research studies are trusted and widely referred by stakeholders for gaining insights and developing cutting edge strategies.

Specific Gravity Bench Apparatus Market Global Industry Share, Top Players, Opportunities And Forecast To 2027

Besides steady demand from the construction and infrastructure industry for aggregates pretesting, the growing inclination of a majority of operators in the construction sector towards meeting the government generated construction material testing standards extends a strong push to the demand for specific gravity bench apparatus at a global level.

According to a new intelligence report released by Future Market Insights, high growth potential areas such as mining and educational institutes are creating potential growth avenues for specific gravity bench apparatus landscape.

“Towards the end of 2019, the worldwide sales of wide range of specific gravity apparatus are likely to approach the valuation worth US$ 68 million. However, despite moderately increasing demand in terms of volume, the year on year projections for market revenue point to a sluggish rate.

Based on the specific gravity bench apparatus market assessment by component type, the report indicates that more than 1/4th of the global market value belongs to buoyancy balance. The yearly revenue growth of this component segment is likely to remain the highest in 2019 and beyond.

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As the demand for a significant volume of specific weighting cradles prevails, the report projects steady revenue growth prospects for weighing cradles in the specific gravity bench apparatus space, in coming years. The key factor fueling sustained sales of weighing cradles is their shorter replacement cycles.

Currently accounting for over 70% share of the global specific gravity bench apparatus market value, construction equipment and supplies register the highest consumption of specific gravity bench apparatus. Rampant growth of the commercial construction and infrastructure sector continues to drive escalating demand for specific gravity bench apparatus at a global level. Moreover, with rapidly improving laboratory infrastructure in educational institutes, the demand for specific gravity bench apparatus is growing notably, thereby boosting the revenue growth of the market.

Online sales channel continues to hold an impressive opportunistic share of the entire potential of revenue generation. Towards 2018 end, the total online revenue generated in the global specific gravity bench apparatus landscape is estimated at over US$ 26 million. Gilson, one of the prime manufacturers and suppliers of specific gravity bench apparatus, receive a majority of the revenue through the flourishing online sales channel.

Key Strategic Insights Drawn from the Competition Analysis

The leaders operating in specific gravity bench apparatus landscape hold a cumulative revenue share of over 35%, at present. FMI identifies that the players such as Gilson Company, Inc., Humboldt Mfg. Co., Durham Geo-enterprises, Inc., and Cooper Technology and Control S.p.A. secure the top performing positions at a global level owing to their highly diverse product offering portfolios.

  • Long-term contractual alliances with investment partners for effective RoI growth
  • Growing focus on the offerings that cater to product customization requirements
  • Strategic acquisitions of businesses as well as specific product lines for an enhanced outreach to new growth markets

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Regional Outlook Analysis: Specific Gravity Bench Apparatus Market

Driven by the strong presence of a majority of manufacturers of specific gravity bench apparatus, North America remains the most significant landscape. Although projected for a gradual yearly revenue growth in 2019 as indicated by the report, North America’s specific gravity bench apparatus market continues to be the top supporter of specific gravity bench apparatus innovations and new launches.

The specific gravity bench apparatus markets in Europe and Middle East & Africa are also demonstrating sustained growth in recent years, predominantly attributed to laboratorial usage of specific gravity bench apparatus.

On the other side, developing economies across Asia Pacific are witnessing rapid infrastructural and construction developments that includes massive private as well as government projects such as highways, roads, railway tracks, bridges, commercial buildings, and residential areas. This development thereby is raising the demand for decent volumes of specific gravity bench apparatus, pushing the prospects of market in APEJ.

About Testing Equipment Division at Future Market Insights

The Testing Equipment division of FMI is a specialized department catering to unique requirements in the industry. Exclusive coverage of the testing equipment market includes valuable information on regular, compliance, destructive, and non-destructive testing services and associated equipment. The team also executes several complex projects pertaining to the area of manufacturing and process industries, research and academia, testing and certification institutions, government agencies dealing into scientific and environmental research, and defense organizations. Our research studies are trusted and widely referred by stakeholders for gaining insights and developing cutting edge strategies.

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