Microplate Systems Market  size is projected to reach USD 1,170 million by 2026 from USD 927 million in 2021, at a CAGR 4.8% from 2021 to 2026. The growth of this market is driven by the increasing R&D expenditure in the pharmaceutical industry, increasing focus on miniaturization, and the growing prevalence of disease.

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Key Market Players

The microplate systems market is highly consolidated and is dominated by various players. The major players operating in this market are Bio-Rad Laboratories Inc. (US), PerkinElmer (US), Danaher Corporation (US), Thermo Fisher Scientific (US), Agilent Technologies Inc. (US), Tecan (Switzerland), BMG Labtech (Germany), Promega Corporation (US), Enzo Life Sciences Inc. (US), Berthold Technologies (Germany), Biochrom (UK), Corning (US), Lonza (Switzerland), Brucker Corporation (US), Dynex Technologies (US), Bio-One International GmbH (Austria), Accuris Instruments (US), CTK Biotech Inc. (US), LTEK (South Korea), JASCO (Japan), Rayto (China), Micro Lab Instruments (India), Biohit Oyj (Finland), Mindray (China), and Hudson Robotics (US).

Danaher Corporation (US) held the leading position in the microplate systems market in 2020. The company offers an exhaustive product portfolio consisting of various microplate systems products. The company has increased its focus on R&D activities to develop unique and better products than its competitors. The company invested USD 1,348 million in 2020, USD 1,126 million in 2019, and USD 1,059 million in 2018 in R&D activities.

Agilent Technologies Inc (US)

Agilent Technologies Inc. (US) accounted for the second-largest share of the global microplate systems market in 2020. The company provides its robust portfolio of microplate systems products and efforts to develop innovative products by investing in R&D. With a strong footprint across Americas, Europe, and Asia, as well as numerous subsidiaries and distribution channels.

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North America dominates the global microplate systems market

The microplate systems market is segmented into four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World. In 2020, North America accounted for the largest share of the microplate systems market. The large share of North America can be attributed to factors such as the government initiatives for cell-based research, the increasing acceptance of personalized medicine, increasing academic and government investments in diagnostic research, and increasing focus on drug discovery and development.

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