Global Microplate Instrumentation & Supplies Market to Reach US$4.45 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Microplate Instrumentation & Supplies market. The global market for Microplate Instrumentation & Supplies is forecast to reach US$4.45 billion by the year 2015. Miniaturization of laboratory processes and continually expanding testing volumes has prompted majority of laboratories to implement microplate instrumentation, an essential component of lab automation.

Microplate Instrumentation & Supplies: A Global Strategic Business Report

The market for microplate instrumentation & supplies is all set to realize healthy growth potential through 2015. Playing a pivotal role in laboratory automation, and simplification of research process, microplate has come to altogether replace conventional micro test tubes and cuvettes for running medium-to-high throughput assays. The increasing trend for miniaturization of laboratory processes is leading to a drastic cut in the requirement for expensive reagent sample size, thereby cutting costs, and improving throughput. In drug discovery research automation of routine laboratory tasks, microplate handling enables execution of round-the-clock processes, improves accuracy, and saves significant time for researchers, hence enabling them to focus on analysis. All this indicates expediting the time to market for new drugs.

Specific segments of the microplate readers market are expected to post significant growth over the next few years, driven by consistent technological advancements that provide higher throughput at lower costs. Major driving force is the increasing involvement of pharmaceutical and biotechnology companies into screening thousands of compounds. Burgeoning demand from drug discovery research and high throughput screening applications is driving stupendous growth in microplate instrumentation market. Drug discovery has emerged as a lucrative application market and is evolving rapidly, following innovative developments in automation, liquid handling and detection devices.

The US market represents the single largest global market, as stated by the new market research report on Microplate Instrumentation & Supplies. Europe and Japan follow trail as the next significant markets. With respect to the overall fastest growth pace, Asia-Pacific is forecast to trail blaze ahead of the other world regions through 2015.

The most dominant product segment, Liquid Handling and Robotic Equipment, accounts for the lion’s share of the market. The segment mainly comprises of automated pipetting workstations and liquid handling systems among others. On the other hand, Washers & Accessories represents the fastest growing segment, projected to race ahead of the other segments by 2015.

The global microplate instrumentation & supplies market is fairly fragmented with numerous players competing fiercely on different product platforms and sub-market segments based on underlying detection technology. Some of the key players in the market include Beckman Coulter Inc., Biohit Oyj, Bio-Rad Laboratories Inc., BioTek Instruments Inc., BMG LABTECH GmbH, Caliper Life Sciences Inc., Molecular Devices, PerkinElmer Inc., Tecan Group Ltd and Thermo Fisher Scientific.

The report titled “Microplate Instrumentation & Supplies: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of industry overview, competition, end-use applications, technology trends, new product introductions, and recent industry activity. Analysis is presented for major geographic markets such as US, Canada, Japan, Europe, Asia-Pacific and Rest of World. Market analytics are provided in terms of dollar (value) for product segments including Microplate Readers (UV-Vis Spectrophotometer, Fluorometer, Luminometer, Scintillation Counter, Multimode Readers), Washers & Accessories, Liquid Handling & Robotic Equipment and Microplates & Consumables. The study also presents historic data for an insight into market evolution over the period 2000 through 2006.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Microplate_Instrumentation_and_Supplies_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com

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