Microplate Washer Market Dynamics 2021-2031
The Microplate Washer Market is expected to register a CAGR of 5.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Hand-Held Microplate Washers, Semi-Automated Microplate Washers, and Fully Automated Microplate Washers); Well Size (45, 96, 384, and 1,536); Modality (Strip Washers, Full-Plate Washers, and Combination Washer-Dispensers); Application (Magnetic Bead Washing, Vacuum Filtration, ELISA, Cell Array Washing, and Others). The report further presents analysis based on the End User (Research Laboratories , Diagnostic Centers, and Clinics). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Microplate Washer Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Microplate Washer Market Segmentation
Type- Hand-Held Microplate Washers
- Semi-Automated Microplate Washers
- Fully Automated Microplate Washers
- 45
- 96
- 384
- 1
- 536
- Strip Washers
- Full-Plate Washers
- Combination Washer-Dispensers
- Magnetic Bead Washing
- Vacuum Filtration
- ELISA
- Cell Array Washing
- Others
- Magnetic Bead Washing
- Vacuum Filtration
- ELISA
- Cell Array Washing
- Others
Strategic Insights
Microplate Washer Market Growth Drivers- Increasing Demand in Pharmaceutical, Diagnostic, and Biotechnology Applications: Pharmaceuticals, diagnostics, and biotechnology applications of high-throughput screening continue to grow increasingly in demand. These products are critical for automating the processes involving such applications as ELISA assays, in order to provide efficient, reproducible washing steps for high-throughput sample testing. Their power remains unabated with the increasing demand for faster and more accurate screening solutions within the life sciences.
- Advances in Laboratory Automation: Advances in laboratory automation technology are driving demand for microplate washers. Compared to earlier, microplate washers have automated wash cycles, integrated software for data management, and adjustable wash protocols among others. Such advancements improve accuracy while reducing errors, largely resulting in increased productivity in high-throughput laboratories, and thereby raise general market demand.
- Heightened Research and Diagnostic Applications: Biomedical research and diagnostic applications have been a major driving force in investments towards microplate washers. The equipment ensure accuracy and precision for applications, including immunoassays, clinical diagnostics, and molecular biology. Precision medicine, personalized diagnostics, and more advanced clinical research tend to fuel the demand for automation washing solutions.
- Miniaturization and Compact Designs: Next is the present trend towards the miniaturized and compact microplate washer. Models designed for space-efficient alone are meant for smaller laboratories or labs with limited space. Compact counterparts of the more powerful version have equivalent excellent performance as their more bloated brethren but added portability such that a microplate washer can easily be installed in various lab settings.
- Integration with Data Management Systems: The trend towards making the microplate washers into high-end data management systems is on the rise. Modern-day microplate washers are delivered with in-built software that monitors and records wash cycle data in real-time. Hence, laboratory workflow can be made simpler, the regulatory standards can be promoted, and the research and diagnostic lab operations can be improved.
- Multi-Use and Versatile Washers: Integrated microplate washers are increasingly designed to handle a variety of plates, including 96-well, 384-well, and 1536-well plates. A more versatile type of washer, more able to handle different plate formats or applications, becomes more popular as this flexibility supports diversity in demands from research laboratories, pharmaceutical companies, and clinical diagnostics, thus creating demand for versatile microplate washing systems.
- Growth in Emerging Markets: The Asia-Pacific, Latin America, and Middle East & Africa regions have considerable growth potential for the microplate washer market. Increasing healthcare infrastructures with rising research activities in these regions are compelling demand for automation equipment at laboratories. Such firms can easily capture a larger share with price-effective, reliable products designed to target the growing biomedical sectors in these regions.
- Environmentally Friendly Products Development: As scientists in developing friendly cleaning microplate washer systems consume less water, less energy, and fewer chemicals, the opportunity to diversify away from the norm opens up.
- As laboratories and research facilities begin to take seriously the issue of sustainability, through it being a theme, the basis of competition can now be found in the development of non-environmentally harmful washing systems in many aspects.Companies that include green technologies in their product lines can attract environmentally sensitive customers both in the research and clinical diagnostics markets.
- Growing POC Testing: This trend could be converted into an opportunity for portable and fast microplate washers. Increased usage of point-of-care testing, especially in hospitals located far from cities or even in a remote setting for healthcare delivery, has brought about a rising demand for a compact, user-friendly, and fast washing system compatible with point-of-care diagnostic platforms. Manufacturers can take advantage of this trend by designing systems that meet these requirements.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Microplate Washer Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Microplate Washer Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
North America dominated the microplate washer market in 2023
The market drivers include growing need for high-throughput screening (HTS) in drug discovery, diagnostics, and biotechnology and technological advancements in in laboratory automation are driving the microplate washer market
Integration with data management systems is likely to remain the key trend during the forecast period.
The microplate washer market majorly consists of players such Thermo Fisher Scientific, BioTek Instruments, PerkinElmer among others
Asia-Pacific region is likely to witness the fastest growth rate during the forecast period
The microplate washer market is estimated to grow with a CAGR of 5.1% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Microplate Washer Market - By Type
1.3.2 Microplate Washer Market - By Well Size
1.3.3 Microplate Washer Market - By Modality
1.3.4 Microplate Washer Market - By Application
1.3.5 Microplate Washer Market - By End User
1.3.6 Microplate Washer Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MICROPLATE WASHER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. MICROPLATE WASHER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MICROPLATE WASHER MARKET - GLOBAL MARKET ANALYSIS
6.1. MICROPLATE WASHER - GLOBAL MARKET OVERVIEW
6.2. MICROPLATE WASHER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MICROPLATE WASHER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. HAND-HELD MICROPLATE WASHERS
7.3.1. Overview
7.3.2. Hand-Held Microplate Washers Market Forecast and Analysis
7.4. SEMI-AUTOMATED MICROPLATE WASHERS
7.4.1. Overview
7.4.2. Semi-Automated Microplate Washers Market Forecast and Analysis
7.5. FULLY AUTOMATED MICROPLATE WASHERS
7.5.1. Overview
7.5.2. Fully Automated Microplate Washers Market Forecast and Analysis
8. MICROPLATE WASHER MARKET - REVENUE AND FORECASTS TO 2028 - WELL SIZE
8.1. OVERVIEW
8.2. WELL SIZE MARKET FORECASTS AND ANALYSIS
8.3. 45
8.3.1. Overview
8.3.2. 45 Market Forecast and Analysis
8.4. 96
8.4.1. Overview
8.4.2. 96 Market Forecast and Analysis
8.5. 384
8.5.1. Overview
8.5.2. 384 Market Forecast and Analysis
8.6. 1,536
8.6.1. Overview
8.6.2. 1,536 Market Forecast and Analysis
9. MICROPLATE WASHER MARKET - REVENUE AND FORECASTS TO 2028 - MODALITY
9.1. OVERVIEW
9.2. MODALITY MARKET FORECASTS AND ANALYSIS
9.3. STRIP WASHERS
9.3.1. Overview
9.3.2. Strip Washers Market Forecast and Analysis
9.4. FULL-PLATE WASHERS
9.4.1. Overview
9.4.2. Full-Plate Washers Market Forecast and Analysis
9.5. COMBINATION WASHER-DISPENSERS
9.5.1. Overview
9.5.2. Combination Washer-Dispensers Market Forecast and Analysis
10. MICROPLATE WASHER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. MAGNETIC BEAD WASHING
10.3.1. Overview
10.3.2. Magnetic Bead Washing Market Forecast and Analysis
10.4. VACUUM FILTRATION
10.4.1. Overview
10.4.2. Vacuum Filtration Market Forecast and Analysis
10.5. ELISA
10.5.1. Overview
10.5.2. ELISA Market Forecast and Analysis
10.6. CELL ARRAY WASHING
10.6.1. Overview
10.6.2. Cell Array Washing Market Forecast and Analysis
10.7. OTHERS
10.7.1. Overview
10.7.2. Others Market Forecast and Analysis
11. MICROPLATE WASHER MARKET - REVENUE AND FORECASTS TO 2028 - END USER
11.1. OVERVIEW
11.2. END USER MARKET FORECASTS AND ANALYSIS
11.3. RESEARCH LABORATORIES
11.3.1. Overview
11.3.2. Research Laboratories Market Forecast and Analysis
11.4. DIAGNOSTIC CENTERS
11.4.1. Overview
11.4.2. Diagnostic Centers Market Forecast and Analysis
11.5. CLINICS
11.5.1. Overview
11.5.2. Clinics Market Forecast and Analysis
12. MICROPLATE WASHER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Microplate Washer Market Overview
12.1.2 North America Microplate Washer Market Forecasts and Analysis
12.1.3 North America Microplate Washer Market Forecasts and Analysis - By Type
12.1.4 North America Microplate Washer Market Forecasts and Analysis - By Well Size
12.1.5 North America Microplate Washer Market Forecasts and Analysis - By Modality
12.1.6 North America Microplate Washer Market Forecasts and Analysis - By Application
12.1.7 North America Microplate Washer Market Forecasts and Analysis - By End User
12.1.8 North America Microplate Washer Market Forecasts and Analysis - By Countries
12.1.8.1 United States Microplate Washer Market
12.1.8.1.1 United States Microplate Washer Market by Type
12.1.8.1.2 United States Microplate Washer Market by Well Size
12.1.8.1.3 United States Microplate Washer Market by Modality
12.1.8.1.4 United States Microplate Washer Market by Application
12.1.8.1.5 United States Microplate Washer Market by End User
12.1.8.2 Canada Microplate Washer Market
12.1.8.2.1 Canada Microplate Washer Market by Type
12.1.8.2.2 Canada Microplate Washer Market by Well Size
12.1.8.2.3 Canada Microplate Washer Market by Modality
12.1.8.2.4 Canada Microplate Washer Market by Application
12.1.8.2.5 Canada Microplate Washer Market by End User
12.1.8.3 Mexico Microplate Washer Market
12.1.8.3.1 Mexico Microplate Washer Market by Type
12.1.8.3.2 Mexico Microplate Washer Market by Well Size
12.1.8.3.3 Mexico Microplate Washer Market by Modality
12.1.8.3.4 Mexico Microplate Washer Market by Application
12.1.8.3.5 Mexico Microplate Washer Market by End User
12.2. EUROPE
12.2.1 Europe Microplate Washer Market Overview
12.2.2 Europe Microplate Washer Market Forecasts and Analysis
12.2.3 Europe Microplate Washer Market Forecasts and Analysis - By Type
12.2.4 Europe Microplate Washer Market Forecasts and Analysis - By Well Size
12.2.5 Europe Microplate Washer Market Forecasts and Analysis - By Modality
12.2.6 Europe Microplate Washer Market Forecasts and Analysis - By Application
12.2.7 Europe Microplate Washer Market Forecasts and Analysis - By End User
12.2.8 Europe Microplate Washer Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Microplate Washer Market
12.2.8.1.1 Germany Microplate Washer Market by Type
12.2.8.1.2 Germany Microplate Washer Market by Well Size
12.2.8.1.3 Germany Microplate Washer Market by Modality
12.2.8.1.4 Germany Microplate Washer Market by Application
12.2.8.1.5 Germany Microplate Washer Market by End User
12.2.8.2 France Microplate Washer Market
12.2.8.2.1 France Microplate Washer Market by Type
12.2.8.2.2 France Microplate Washer Market by Well Size
12.2.8.2.3 France Microplate Washer Market by Modality
12.2.8.2.4 France Microplate Washer Market by Application
12.2.8.2.5 France Microplate Washer Market by End User
12.2.8.3 Italy Microplate Washer Market
12.2.8.3.1 Italy Microplate Washer Market by Type
12.2.8.3.2 Italy Microplate Washer Market by Well Size
12.2.8.3.3 Italy Microplate Washer Market by Modality
12.2.8.3.4 Italy Microplate Washer Market by Application
12.2.8.3.5 Italy Microplate Washer Market by End User
12.2.8.4 Spain Microplate Washer Market
12.2.8.4.1 Spain Microplate Washer Market by Type
12.2.8.4.2 Spain Microplate Washer Market by Well Size
12.2.8.4.3 Spain Microplate Washer Market by Modality
12.2.8.4.4 Spain Microplate Washer Market by Application
12.2.8.4.5 Spain Microplate Washer Market by End User
12.2.8.5 United Kingdom Microplate Washer Market
12.2.8.5.1 United Kingdom Microplate Washer Market by Type
12.2.8.5.2 United Kingdom Microplate Washer Market by Well Size
12.2.8.5.3 United Kingdom Microplate Washer Market by Modality
12.2.8.5.4 United Kingdom Microplate Washer Market by Application
12.2.8.5.5 United Kingdom Microplate Washer Market by End User
12.2.8.6 Russia Microplate Washer Market
12.2.8.6.1 Russia Microplate Washer Market by Type
12.2.8.6.2 Russia Microplate Washer Market by Well Size
12.2.8.6.3 Russia Microplate Washer Market by Modality
12.2.8.6.4 Russia Microplate Washer Market by Application
12.2.8.6.5 Russia Microplate Washer Market by End User
12.2.8.7 Rest of Europe Microplate Washer Market
12.2.8.7.1 Rest of Europe Microplate Washer Market by Type
12.2.8.7.2 Rest of Europe Microplate Washer Market by Well Size
12.2.8.7.3 Rest of Europe Microplate Washer Market by Modality
12.2.8.7.4 Rest of Europe Microplate Washer Market by Application
12.2.8.7.5 Rest of Europe Microplate Washer Market by End User
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Microplate Washer Market Overview
12.3.2 Asia-Pacific Microplate Washer Market Forecasts and Analysis
12.3.3 Asia-Pacific Microplate Washer Market Forecasts and Analysis - By Type
12.3.4 Asia-Pacific Microplate Washer Market Forecasts and Analysis - By Well Size
12.3.5 Asia-Pacific Microplate Washer Market Forecasts and Analysis - By Modality
12.3.6 Asia-Pacific Microplate Washer Market Forecasts and Analysis - By Application
12.3.7 Asia-Pacific Microplate Washer Market Forecasts and Analysis - By End User
12.3.8 Asia-Pacific Microplate Washer Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Microplate Washer Market
12.3.8.1.1 Australia Microplate Washer Market by Type
12.3.8.1.2 Australia Microplate Washer Market by Well Size
12.3.8.1.3 Australia Microplate Washer Market by Modality
12.3.8.1.4 Australia Microplate Washer Market by Application
12.3.8.1.5 Australia Microplate Washer Market by End User
12.3.8.2 China Microplate Washer Market
12.3.8.2.1 China Microplate Washer Market by Type
12.3.8.2.2 China Microplate Washer Market by Well Size
12.3.8.2.3 China Microplate Washer Market by Modality
12.3.8.2.4 China Microplate Washer Market by Application
12.3.8.2.5 China Microplate Washer Market by End User
12.3.8.3 India Microplate Washer Market
12.3.8.3.1 India Microplate Washer Market by Type
12.3.8.3.2 India Microplate Washer Market by Well Size
12.3.8.3.3 India Microplate Washer Market by Modality
12.3.8.3.4 India Microplate Washer Market by Application
12.3.8.3.5 India Microplate Washer Market by End User
12.3.8.4 Japan Microplate Washer Market
12.3.8.4.1 Japan Microplate Washer Market by Type
12.3.8.4.2 Japan Microplate Washer Market by Well Size
12.3.8.4.3 Japan Microplate Washer Market by Modality
12.3.8.4.4 Japan Microplate Washer Market by Application
12.3.8.4.5 Japan Microplate Washer Market by End User
12.3.8.5 South Korea Microplate Washer Market
12.3.8.5.1 South Korea Microplate Washer Market by Type
12.3.8.5.2 South Korea Microplate Washer Market by Well Size
12.3.8.5.3 South Korea Microplate Washer Market by Modality
12.3.8.5.4 South Korea Microplate Washer Market by Application
12.3.8.5.5 South Korea Microplate Washer Market by End User
12.3.8.6 Rest of Asia-Pacific Microplate Washer Market
12.3.8.6.1 Rest of Asia-Pacific Microplate Washer Market by Type
12.3.8.6.2 Rest of Asia-Pacific Microplate Washer Market by Well Size
12.3.8.6.3 Rest of Asia-Pacific Microplate Washer Market by Modality
12.3.8.6.4 Rest of Asia-Pacific Microplate Washer Market by Application
12.3.8.6.5 Rest of Asia-Pacific Microplate Washer Market by End User
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Microplate Washer Market Overview
12.4.2 Middle East and Africa Microplate Washer Market Forecasts and Analysis
12.4.3 Middle East and Africa Microplate Washer Market Forecasts and Analysis - By Type
12.4.4 Middle East and Africa Microplate Washer Market Forecasts and Analysis - By Well Size
12.4.5 Middle East and Africa Microplate Washer Market Forecasts and Analysis - By Modality
12.4.6 Middle East and Africa Microplate Washer Market Forecasts and Analysis - By Application
12.4.7 Middle East and Africa Microplate Washer Market Forecasts and Analysis - By End User
12.4.8 Middle East and Africa Microplate Washer Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Microplate Washer Market
12.4.8.1.1 South Africa Microplate Washer Market by Type
12.4.8.1.2 South Africa Microplate Washer Market by Well Size
12.4.8.1.3 South Africa Microplate Washer Market by Modality
12.4.8.1.4 South Africa Microplate Washer Market by Application
12.4.8.1.5 South Africa Microplate Washer Market by End User
12.4.8.2 Saudi Arabia Microplate Washer Market
12.4.8.2.1 Saudi Arabia Microplate Washer Market by Type
12.4.8.2.2 Saudi Arabia Microplate Washer Market by Well Size
12.4.8.2.3 Saudi Arabia Microplate Washer Market by Modality
12.4.8.2.4 Saudi Arabia Microplate Washer Market by Application
12.4.8.2.5 Saudi Arabia Microplate Washer Market by End User
12.4.8.3 U.A.E Microplate Washer Market
12.4.8.3.1 U.A.E Microplate Washer Market by Type
12.4.8.3.2 U.A.E Microplate Washer Market by Well Size
12.4.8.3.3 U.A.E Microplate Washer Market by Modality
12.4.8.3.4 U.A.E Microplate Washer Market by Application
12.4.8.3.5 U.A.E Microplate Washer Market by End User
12.4.8.4 Rest of Middle East and Africa Microplate Washer Market
12.4.8.4.1 Rest of Middle East and Africa Microplate Washer Market by Type
12.4.8.4.2 Rest of Middle East and Africa Microplate Washer Market by Well Size
12.4.8.4.3 Rest of Middle East and Africa Microplate Washer Market by Modality
12.4.8.4.4 Rest of Middle East and Africa Microplate Washer Market by Application
12.4.8.4.5 Rest of Middle East and Africa Microplate Washer Market by End User
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Microplate Washer Market Overview
12.5.2 South and Central America Microplate Washer Market Forecasts and Analysis
12.5.3 South and Central America Microplate Washer Market Forecasts and Analysis - By Type
12.5.4 South and Central America Microplate Washer Market Forecasts and Analysis - By Well Size
12.5.5 South and Central America Microplate Washer Market Forecasts and Analysis - By Modality
12.5.6 South and Central America Microplate Washer Market Forecasts and Analysis - By Application
12.5.7 South and Central America Microplate Washer Market Forecasts and Analysis - By End User
12.5.8 South and Central America Microplate Washer Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Microplate Washer Market
12.5.8.1.1 Brazil Microplate Washer Market by Type
12.5.8.1.2 Brazil Microplate Washer Market by Well Size
12.5.8.1.3 Brazil Microplate Washer Market by Modality
12.5.8.1.4 Brazil Microplate Washer Market by Application
12.5.8.1.5 Brazil Microplate Washer Market by End User
12.5.8.2 Argentina Microplate Washer Market
12.5.8.2.1 Argentina Microplate Washer Market by Type
12.5.8.2.2 Argentina Microplate Washer Market by Well Size
12.5.8.2.3 Argentina Microplate Washer Market by Modality
12.5.8.2.4 Argentina Microplate Washer Market by Application
12.5.8.2.5 Argentina Microplate Washer Market by End User
12.5.8.3 Rest of South and Central America Microplate Washer Market
12.5.8.3.1 Rest of South and Central America Microplate Washer Market by Type
12.5.8.3.2 Rest of South and Central America Microplate Washer Market by Well Size
12.5.8.3.3 Rest of South and Central America Microplate Washer Market by Modality
12.5.8.3.4 Rest of South and Central America Microplate Washer Market by Application
12.5.8.3.5 Rest of South and Central America Microplate Washer Market by End User
13. IMPACT OF COVID-19 PANDEMIC ON GLOBAL MICROPLATE WASHER MARKET
13.1 North America
13.2 Europe
13.3 Asia-Pacific
13.4 Middle East and Africa
13.5 South and Central America
14. INDUSTRY LANDSCAPE
14.1. MERGERS AND ACQUISITIONS
14.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
14.3. NEW PRODUCT LAUNCHES
14.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
15. MICROPLATE WASHER MARKET, KEY COMPANY PROFILES
15.1. TECAN TRADING AG
15.1.1. Key Facts
15.1.2. Business Description
15.1.3. Products and Services
15.1.4. Financial Overview
15.1.5. SWOT Analysis
15.1.6. Key Developments
15.2. SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD,
15.2.1. Key Facts
15.2.2. Business Description
15.2.3. Products and Services
15.2.4. Financial Overview
15.2.5. SWOT Analysis
15.2.6. Key Developments
15.3. BIO-RAD LABORATORIES, INC.
15.3.1. Key Facts
15.3.2. Business Description
15.3.3. Products and Services
15.3.4. Financial Overview
15.3.5. SWOT Analysis
15.3.6. Key Developments
15.4. CAPP
15.4.1. Key Facts
15.4.2. Business Description
15.4.3. Products and Services
15.4.4. Financial Overview
15.4.5. SWOT Analysis
15.4.6. Key Developments
15.5. BIOTEK INSTRUMENTS, INC. (AGILENT TECHNOLOGIES)
15.5.1. Key Facts
15.5.2. Business Description
15.5.3. Products and Services
15.5.4. Financial Overview
15.5.5. SWOT Analysis
15.5.6. Key Developments
15.6. MOLECULAR DEVICES, LLC (DANAHER)
15.6.1. Key Facts
15.6.2. Business Description
15.6.3. Products and Services
15.6.4. Financial Overview
15.6.5. SWOT Analysis
15.6.6. Key Developments
15.7. BIOSAN
15.7.1. Key Facts
15.7.2. Business Description
15.7.3. Products and Services
15.7.4. Financial Overview
15.7.5. SWOT Analysis
15.7.6. Key Developments
15.8. PARAMEDICAL S.R.L.
15.8.1. Key Facts
15.8.2. Business Description
15.8.3. Products and Services
15.8.4. Financial Overview
15.8.5. SWOT Analysis
15.8.6. Key Developments
15.9. BERTHOLD TECHNOLOGIES GMBH AND CO.KG
1. Tecan Trading AG
2. Shenzhen Mindray Bio-Medical Electronics Co., Ltd,
3. Bio-Rad Laboratories, Inc.
4. CAPP
5. BioTek Instruments, Inc. (Agilent Technologies)
6. Molecular Devices, LLC (Danaher)
7. Biosan
8. Paramedical S.r.l.
9. Berthold Technologies GmbH and Co.KG
10. Thermo Fisher Scientific, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.