Molecular Grade Plate Market
Molecular Grade Plate Market Study by PCR Plates, Deep Well Plates, and Sample Preparation Filter Plates for PCR, Next Gen Sequencing, and Sample Storage from 2024 to 2034
Analysis of Molecular Grade Plate Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Molecular Grade Plate Market Outlook (2024 to 2034)
The molecular grade plate market size is projected to rise at a moderate CAGR of 4.2% through 2034 and is projected to surpass US$ 454.7 million by 2034. The market is estimated to be worth US$ 302.5 million in 2024.
Key Market Growth Drivers
- Molecular grade plates are necessary for various molecular biology applications in the lab, including gene synthesis, qPCR, PCR, and DNA sequencing.
- The demand for customized treatment, the rising incidence of genetic illnesses, and the growing need for molecular biology methods across various sectors, including biotechnology, academic research, and pharmaceuticals, propel the market expansion.
- The rising need for molecular biology procedures primarily drives the demand for molecular grade plates. Applications for molecular biology techniques include research, drug development, and diagnostics.
- Molecular biology tools are becoming increasingly necessary to diagnose and treat chronic illnesses, including cancer, cardiovascular disease, and infectious infections. The increasing emphasis on customized medicine also drives the need for molecular biology tools.
Throughout the projection period, the market for molecular grade plates is expected to increase, driven primarily by a robust product pipeline. The sector is anticipated to rise gradually as more innovative and powerful products are developed and available.
| Report Attributes | Details |
|---|---|
| Estimated Market Value (2024E) | US$ 302.5 million |
| Forecasted Market Value (2034F) | US$ 454.7 million |
| Global Market Growth Rate (2024 to 2034) | 4.2% CAGR |
| PCR plates Segment Growth Rate (2024 to 2034) | 4.0% |
| PCR Segment Growth Rate (2024 to 2034) | 4.1% |
| North America Market Share (2024) | 33.4% |
| East Asia Market Share (2024) | 14.0% |
| Key Companies Profiled |
|
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Which Factors Have Driven the Global Surge in the Molecular Grade Plate Industry?
“The Biological Application Drives the Demand for Molecular Grade Plates”
Molecular grade plates are crucial laboratory tools in molecular biology applications like PCR, qPCR, DNA sequencing, and gene synthesis. They ensure accurate results by minimizing cross-contamination and uniform heat transfer during thermal cycling. The adoption of molecular grade plates is on a rise as they are used with multiple thermal cyclers and are compatible with various chemical and biological reagents.
The market for molecular grade plates has a promising future, with substantial growth anticipated throughout the projected period. The life sciences industry's growing embrace of automation and growing need for molecular biology applications are the reasons for this rise. The development of advanced molecular-grade plates with superior characteristics, such as reduced sample evaporation, excellent sealing capabilities, and increased sound volume, is also expected to drive further market growth.
“Growing Research and Development in Multiple Diligences Drives the Market Growth”
The need for molecular biology techniques across industries like pharmaceuticals, biotechnology, and academic research is expected to drive significant growth in the global molecular grade plate market in the upcoming years. As these sectors grow, so will the demand for dependable and practical instruments.
The necessity for genetic analysis and sequencing technologies and the rising incidence of genetic illnesses are driving growth in the molecular grade plate market. These plates meet the increasing need for such instruments by providing excellent precision and repeatability.
The evolving demand of healthcare practitioners to customize patient care is driving up demand for customized medicine. Molecular-grade plates provide a dependable and economical way to analyze genetic material and are perfect for detecting genetic markers and other variables impacting the treatment outcome. The growing need for molecular biology procedures is predicted to propel the molecular grade plate market to substantial growth, pointing to a promising future.
Which Factors Present Challenges to the Molecular Grade Plates Market Growth?
“Rising Demand for Economical Plastic Plates Limits the Molecular Grade Plate Market Growth”
The heightened expenditure on PCR and Next-gen sequencing systems, coupled with small and medium-sized enterprises reluctance to adopt new PCR systems due to funding constraints and research institutes& reluctance to modernize their infrastructure, pose hurdles to the market expansion of molecular grade plates. The life sciences business may need more trained personnel, which might hinder market growth owing to a challenge for individuals matching their skill sets with employers, given the fast improvements in technology and digitalization of the workplace.
Medical plastic manufacturers must adhere to global standards due to stringent government requirements in several sectors, and these polymers are crucial to the healthcare system. Therefore, implementing molecular applications requires personnel with the appropriate skills and expertise. For PCR and molecular applications to be effective, competent personnel are needed. Creating new goods is impacted by ethical and legal constraints on plastics, which may hinder the market for molecular-grade plates.
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Country-wise Insights
North America's molecular grade plates industry is projected to grow at a remarkable annual rate of 4.0% by 2034. By 2024, laboratory-grade plates are estimated to account for 86.5% of the United States' industry. Meanwhile, the PCR plates sector in East Asia is projected to expand at 5.9% CAGR through 2034. In 2024, China is predicted to dominate the East Asian molecular grade plates market with a 58.7% market share.
Why is the United States Dominating the Global Molecular Grade Plate Market?
“Rising Healthcare Research Spurs the United States’ Molecular Grade Plate Sector”
According to Fact.MR., the demand for molecular grade plates is expected to increase considerably in the United States, with an estimated market value of US$ 87 million by 2024. Moreover, the projected CAGR during the forecast period is 4.1%, which is quite promising. This anticipated growth will result in a market value of US$ 130 million by 2034.
Research and development receives funding from various investors in the United States. Some investors include the federal government, academic institutions, other organizations, and the healthcare industry.
The principal aim of this financing is to investigate various substances that can potentially treat multiple ailments and implement novel approaches that can contribute to the constantly increasing expense of healthcare. These elements have helped the American healthcare industry expand and become one of the most lucrative industries in the nation.
Which Factors Position China as a Prospering Molecular Grade Plates Industry?
“Regional Endeavours Offers Fertile Ground for the Chinese Molecular Grade Plate Industry”
Molecular grade plate demand in China is expected to increase and reach a predicted value of US$ 24.9 million by 2024. In the East Asia’s PCR plate market, China is forecast to maintain a commanding 67.9% share in 2024. In recent years, this market has been expanding substantially. The projected growth rate between 2024 and 2034 is 6.8% CAGR.
Molecular diagnostic test producers have access to a sizable market in China, propelling the market's value throughout the forecast period.
Cutting-edge technology advancements are supporting these quickly developing techniques. To make an impact in developing countries like China, major businesses build new buildings, research and development labs, and innovation hubs. For instance, the Haimen Aibende Experimental Equipment Co., Ltd. developed a novel range of lab supplies for scientific research, clinical testing, molecular biology, and life sciences. Initiatives such as those help to align China’s molecular grade plate industry.
Category-wise Insights
By product type, the PCR plates segment is expected to hold a 62.1% of global molecular grade plate market share in 2024. Simultaneously, the deep well plates segment is predicted to hold a 22.3% of the market. In 2024, PCR applications are likely to have a significant 51.2% stake in the molecular grade plate market based on applications. Also, the next-gen sequencing is projected to possess a 38.0% market share.
Why is the Molecular Grade Plate Industry's Augmented Demand for PCR Plates?
“PCR Plates Heightens the Molecular Grade Plate Industry Growth”
In 2024, the PCR plates segment is anticipated to command a 62.1% market share. The PCR plates category is anticipated to increase at a 4.0% CAGR of 2034. The IPCR plate segment is anticipated to be valued at US$ 187.7 million in 2024. Bacterial infections are often identified using PCR plates and specialized molecular biology tools that amplify DNA sequences for further analysis. PCR plates offer a faster and more efficient method for DNA amplification than traditional methods due to their design to hold small reaction mixtures and undergo a thermal cycling process, producing many identical copies of the target DNA.
PCR plates are a popular DNA amplification method due to their ability to amplify a broader range of DNA targets without the need for complementary sequences. They also require single-stranded DNA, achieved through denaturation, which separates double-stranded DNA into two separate strands, making them a popular choice for researchers and scientists globally.
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Competitive Landscape
To accommodate a wide range of patient preferences and healthcare demands, manufacturers of molecular grade plates are diversifying their product offerings to incorporate a broader range of electronic clinical outcome evaluations. They are also spending on research and development to provide long-lasting, effective, and enticing digital medical solutions.
To reach a broader consumer base, makers of molecular grade plates are fortifying their local and international distribution networks. To increase their online presence, they are forming alliances with tech platforms, working with medical chains to guarantee that their products are easily accessible at physical locations, and forming partnerships with pharmacy service providers to meet the increasing need for affordable and long-lasting academic research services in the healthcare sector.
- In October 2023, Eppendorf presented new biobased PCR plates to expedite diagnostics, therapeutics, and personalized medicine research, enhancing precision, complexity, and automation in laboratory workflows.
- In May 2023, Berkeley Lights acquired IsoPlexis and started PhenomeX to combine optofluidic and barcoding technologies for phenomic applications, aiming to enhance the company's achievements by providing innovative tools and instruments.
Segmentation of Molecular Grade Plate Market
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By Product type :
- PCR plates
- Deep Well Plates
- Sample preparation filter plates
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By Application :
- PCR
- Next Gen Sequencing
- Sample storage
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By End-User :
- Biotechnology Companies
- Research & Academic Institutes
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By Region :
- North America
- Europe
- East Asia
- East Asia
- South Asia & Oceania
- Middle East & Africa
- FAQs -
What was the value of the molecular grade plate market in 2019?
The global Molecular Grade Plate Market was worth US$ 247.2 million in 2019.
What is the sales outlook for molecular grade plate in 2024?
The sales outlook for Molecular Grade Plate is likely to be valued at US$ 302.5 million in 2024.
What is the demand forecast for molecular grade plate for the decade?
Demand for Molecular Grade Plate is projected to reach a market value of US$ 454.7 million by the end of 2034.
What is the adoption growth projection for molecular grade plate?
Adoption of Molecular Grade Plate is projected to rise at a CAGR of 4.2% through 2034.
At what rate is North America’s molecular grade plate market is predicted to grow?
The North American market for Molecular Grade Plate is forecasted to expand at a CAGR of 4.0% through 2034.
Molecular Grade Plate Market