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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 cons
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Microplate Instrumentation & Supplies Market to Exceed $5.0 Billion by 2015, According to New Report by Global Industry Analysts, Inc
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