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Microplate Instrumentation & Supplies Market to Exceed $5.0 Billion by 2015, According to New Report by Global Industry Analysts, Inc
Date:11/3/2008

Driven by the burgeoning demand from drug discovery research and high throughput screening applications, global market for microplate instrumentation & supplies is projected to amount to $5.0 billion by 2015. A key driving force is the increasing involvement of pharmaceutical and biotechnology companies into screening thousands of compounds.

San Jose, CA (PRWEB) November 3, 2008 -- Playing a pivotal role in laboratory automation and simplification of research process, microplate technology has come to replace conventional micro test tubes and cuvettes for running medium-to-high throughput assays. Ever increasing testing volumes have prompted majority of laboratories to implement lab automation, which essentially include microplate instrumentation. Miniaturization of laboratory processes is yet another driving force for the industry, leading to a drastic cut in the need for expensive reagent sample size, thereby cutting costs and improving throughput. The market is evolving rapidly following innovative developments in automation, liquid handling and detection devices. Drug Discovery has emerged as a lucrative application in the worldwide microplate instrumentation & supplies market. Rapid growth stems from spurt in scientific discoveries, following the human genome project, and other advancements in analytical technology.

United States, Europe and Japan represent the leading regions with share exceeding 85% for the year 2008, as stated in a recent report published by Global Industry Analysts, Inc. United States market for microplate instrumentation is highly competitive and comprises of suppliers offering a whole range of microplate products including instruments, accessories and consumables. Liquid handling and robotic equipment market in the United States is projected to reach US$698 million by 2012.

Sudden upsurge in the use of high throughput microplate readers in drug discovery is ascribed to the advancements in combinational chemistry that created rapid synthesis of several new compounds. Further, the emergence of multimode readers capable of functioning with multiple detection techniques, especially a combination of fluorescence and luminescence, is also fuelling growth in the segment market. Microplate readers market in Europe is projected to register sales of US$305 million by the year 2010.

Leading players profiled in the report include Beckman Coulter Inc., Biohit Plc, Bio-Rad Laboratories Inc., BioTek Instruments Inc., BMG LABTECH GmbH, Caliper Life Sciences, Molecular Devices, PerkinElmer Inc., Tecan Group Ltd., and Thermo Fisher Scientific Inc.

The report titled "Microplate Instrumentation & Supplies: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive insight into market trends and technology trends shaping the industry. Product Segments analyzed in the report include Microplate Readers (UV-Vis Spectrophotometer, Fluorometer, Luminometer, Scintillation Counter, and Multimode Readers), Microplate Washers & Accessories, Liquid Handling & Robotic Equipment, and Microplates & Consumables market. The report enumerates recent product launches/innovations, developments, mergers, acquisitions and other strategic industry activities. Analysis is presented for established and emerging markets including United States, Japan, France, Germany, United Kingdom, Italy, and Asia-Pacific for the period 2000-2015.

For more details of this 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 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 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 @ StrategyR.com
Web Site http://www.StrategyR.com/

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