Global Microplate System Market
Microplate System Market
According to Verified Market Research, the Global Microplate System Market was valued at USD 810 Million in 2018 and is projected to reach USD 1,097.2 Million by 2026, growing at a CAGR of 3.8% from 2019 to 2026.
Global Microplate System Market Outlook
Growing demand and popularity of automated cell-based and biochemical assays in the biotech firms has augmented the demand and requirement for microplate systems. In many countries, the rising occurrence of chronic diseases has propelled the demand for latest methods of diagnostics, for instance, microplate systems. Moreover, the improved investments in research and development activities by different firms in biotech sector is another factor that boosting the market growth. For instance, in august 2017, BioTek launched its new microplate reader 800 TS which is easily programmable with software and color touchscreen interface. However, the high cost of microplate system and shortfall of trained professionals are some restraining factors that might limit the market growth.
Global Microplate System Market Competitive Landscape
The Global Microplate System Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Thermo Fisher Scientific, Bio-Rad Laboratories, Inc., Danaher Corporation, Agilent Technologies, Inc., Mindray Medical International Limited, Tecan Group Ltd., BioTek Instruments, Inc., PerkinElmer, Inc., Lonza Group, and Promega Corporation. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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