All updated as on -
The worldwide market for microplate readers was worth $452.56M in 2023 and is expected to increase from 2024 to 2031 at a CAGR (compound annual growth rate) of 9.59 percent.
Microplate readers are becoming more popular due to the expanding biotechnology industry and their many uses in drug discovery, genomics, and proteomics. Additionally, the availability of a wide range of reading functionalities, along with the advantages provided by microplate readers over spectrophotometric instruments, are expected to enhance the growth of the market. These advantages include faster and more efficient analytical processes.
The pharmaceutical industry's rising R&D spending on chronic condition management around the world is driving the expansion of the microplate reader market. An increase in R&D and diagnostics efforts concerning the novel coronavirus has recently driven up demand for the microplate reader. Thus, these factors have driven the market's expansion during the projected timeframe.
The tiny wells that make up a microplate allow for the independent conduct of reactions. One piece of laboratory equipment that can be utilized to estimate the analytes, biochemical or physical responses, and characteristics contained within microplate wells is a microplate reader. Signals are detected and the parameter of interest is quantified. Readers cut down on operational time and reagent expenses, freeing up researchers to focus on data analysis and finding practical insights. The rising prevalence of infectious diseases and pharmaceutical R&D spending are driving forces behind the microplate reader market. A key factor limiting the market's growth, meanwhile, is the expensive cost of modern microplate readers.
Various market segments are examined in the report to determine how the microplate readers' market size will increase over the forecast period. Market dynamics, opportunity analysis, consumption, sales, value chain, and market growth are all thoroughly covered in the study, along with quantitative and qualitative analysis. Microplate readers find extensive application in the pharmaceutical and biotechnology sectors, including but not limited to: research, quality control, drug development, and bioassay validation. With more money going into research and development, the biotechnology industry is booming. Another way to divide the industry is by the many technologies used, such as protein engineering, biologic targeting, microfluidics, nanotechnology, and supramolecular chemistry.
Rapid testing and point-of-care diagnostics have become more important in the wake of the COVID-19 pandemic for disease surveillance and outbreak management. Additionally, there has been a shift in emphasis on creating microplate readers and other inexpensive, portable, and user-friendly analytical tools to bolster diagnostic testing. Enzo Biochem, for example, released a portable microplate reader in November 2020 that is compatible with their immunoassays and molecular diagnostic assays. The market for microplate readers related to COVID-19 is predicted to increase because to the widespread usage of microwell plates in molecular testing and enzyme-linked immunosorbent assays.
Also, microplate readers last a long time and don't require much in the way of upkeep. Microplate readers' lights have been upgraded with newer, more modern options like deuterium, halogens, Xenon flash lamps, and LEDs, even though they are still the most susceptible component. These advancements have made microplate readers last even longer, which means they will be used more often.
The detection methods and detectors used in microplate readers have also advanced to the point where they can support high throughput screening, which in turn allows for more rapid and accurate drug screening. So, in order to cut expenses on reagents, assay miniaturization employing microplate readers has allowed for the processing of huge volumes of pharmacological molecules. Similarly, new opportunities for market growth are emerging as a result of the integration of important analytical technologies with microplate systems. For example, the new Cytation 7 Cell Imaging Multi-Mode Reader, which combines microscopy and multi-mode detection capabilities in a single instrument, was launched in January 2020 by Biotek Instruments, Inc. (Agilent Technologies, Inc.). These advancements have the potential to open up new applications for microplate readers and stimulate market growth in the next years.
Report Coverage
Global Microplate Reader research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Microplate Reader report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Microplate Reader competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Microplate Reader market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Microplate Reader market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Microplate Reader market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Bio-Rad Laboratories Inc. (U.S), PerkinElmer (U.S), Danaher (U.S), Thermo Fisher Scientific (U.S), Agilent Technologies Inc. (U.S), Biotron Healthcare Pvt. Ltd., (Germany), Promega Corporation (U.S), Enzo Life Sciences Inc. (U.S), Berthold Technologies GmbH & Co. K.G. (Germany), Biochrom (U.K.), Corning Incorporated (U.S), Lonza (Switzerland), Brucker (U.S), Dynex Technologies (U.S), Bio-One International GmbH (Austria), Accuris Instruments (U.S.), CTK Biotech Inc. (U.S), LTEK (South Korea), JASCO (Japan), Rayto Life and Analytical Sciences Co.,Ltd. (China), Micro Lab Instruments (India), Biohit Oyj (Finland), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), and Hudson Robotics (U.S.)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Microplate Reader market based on the below-mentioned segments:
Global Microplate Reader Market, By Product Type
Multi-Mode Microplate Readers
Automated ELISA Systems
Automated Nucleic Acid Purification Systems
Single-Mode Microplate Readers
Global Microplate Reader market, By Application
Protein and Nucleic Acid Detection
Enzyme-Linked Immunosorbent Assay
Others
Global Microplate Reader Market, By End User
Biotechnology and Pharmaceutical Companies
Contract Research Organizations
Diagnostic Laboratories
Hospital
Research and Academic Institutes
Others
Global Microplate Reader market, Regional Analysis
Microplate readers are becoming more popular due to the expanding biotechnology industry and their many uses in drug discovery, genomics, and proteomics. Additionally, the availability of a wide range of reading functionalities, along with the advantages provided by microplate readers over spectrophotometric instruments, are expected to enhance the growth of the market. These advantages include faster and more efficient analytical processes.
The pharmaceutical industry's rising R&D spending on chronic condition management around the world is driving the expansion of the microplate reader market. An increase in R&D and diagnostics efforts concerning the novel coronavirus has recently driven up demand for the microplate reader. Thus, these factors have driven the market's expansion during the projected timeframe.
The tiny wells that make up a microplate allow for the independent conduct of reactions. One piece of laboratory equipment that can be utilized to estimate the analytes, biochemical or physical responses, and characteristics contained within microplate wells is a microplate reader. Signals are detected and the parameter of interest is quantified. Readers cut down on operational time and reagent expenses, freeing up researchers to focus on data analysis and finding practical insights. The rising prevalence of infectious diseases and pharmaceutical R&D spending are driving forces behind the microplate reader market. A key factor limiting the market's growth, meanwhile, is the expensive cost of modern microplate readers.
Various market segments are examined in the report to determine how the microplate readers' market size will increase over the forecast period. Market dynamics, opportunity analysis, consumption, sales, value chain, and market growth are all thoroughly covered in the study, along with quantitative and qualitative analysis. Microplate readers find extensive application in the pharmaceutical and biotechnology sectors, including but not limited to: research, quality control, drug development, and bioassay validation. With more money going into research and development, the biotechnology industry is booming. Another way to divide the industry is by the many technologies used, such as protein engineering, biologic targeting, microfluidics, nanotechnology, and supramolecular chemistry.
Rapid testing and point-of-care diagnostics have become more important in the wake of the COVID-19 pandemic for disease surveillance and outbreak management. Additionally, there has been a shift in emphasis on creating microplate readers and other inexpensive, portable, and user-friendly analytical tools to bolster diagnostic testing. Enzo Biochem, for example, released a portable microplate reader in November 2020 that is compatible with their immunoassays and molecular diagnostic assays. The market for microplate readers related to COVID-19 is predicted to increase because to the widespread usage of microwell plates in molecular testing and enzyme-linked immunosorbent assays.
Also, microplate readers last a long time and don't require much in the way of upkeep. Microplate readers' lights have been upgraded with newer, more modern options like deuterium, halogens, Xenon flash lamps, and LEDs, even though they are still the most susceptible component. These advancements have made microplate readers last even longer, which means they will be used more often.
The detection methods and detectors used in microplate readers have also advanced to the point where they can support high throughput screening, which in turn allows for more rapid and accurate drug screening. So, in order to cut expenses on reagents, assay miniaturization employing microplate readers has allowed for the processing of huge volumes of pharmacological molecules. Similarly, new opportunities for market growth are emerging as a result of the integration of important analytical technologies with microplate systems. For example, the new Cytation 7 Cell Imaging Multi-Mode Reader, which combines microscopy and multi-mode detection capabilities in a single instrument, was launched in January 2020 by Biotek Instruments, Inc. (Agilent Technologies, Inc.). These advancements have the potential to open up new applications for microplate readers and stimulate market growth in the next years.
Report Coverage
Global Microplate Reader research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Microplate Reader report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Microplate Reader competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Microplate Reader market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Bio-Rad Laboratories Inc. (U.S), PerkinElmer (U.S), Danaher (U.S), Thermo Fisher Scientific (U.S), Agilent Technologies Inc. (U.S), Biotron Healthcare Pvt. Ltd., (Germany), Promega Corporation (U.S), Enzo Life Sciences Inc. (U.S), Berthold Technologies GmbH & Co. K.G. (Germany), Biochrom (U.K.), Corning Incorporated (U.S), Lonza (Switzerland), Brucker (U.S), Dynex Technologies (U.S), Bio-One International GmbH (Austria), Accuris Instruments (U.S.), CTK Biotech Inc. (U.S), LTEK (South Korea), JASCO (Japan), Rayto Life and Analytical Sciences Co.,Ltd. (China), Micro Lab Instruments (India), Biohit Oyj (Finland), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), and Hudson Robotics (U.S.) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Microplate Reader Market from 2021 to 2031.
- Market Forecast for Microplate Reader Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Microplate Reader competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Microplate Reader
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Microplate Reader market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Microplate Reader market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Bio-Rad Laboratories Inc. (U.S), PerkinElmer (U.S), Danaher (U.S), Thermo Fisher Scientific (U.S), Agilent Technologies Inc. (U.S), Biotron Healthcare Pvt. Ltd., (Germany), Promega Corporation (U.S), Enzo Life Sciences Inc. (U.S), Berthold Technologies GmbH & Co. K.G. (Germany), Biochrom (U.K.), Corning Incorporated (U.S), Lonza (Switzerland), Brucker (U.S), Dynex Technologies (U.S), Bio-One International GmbH (Austria), Accuris Instruments (U.S.), CTK Biotech Inc. (U.S), LTEK (South Korea), JASCO (Japan), Rayto Life and Analytical Sciences Co.,Ltd. (China), Micro Lab Instruments (India), Biohit Oyj (Finland), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), and Hudson Robotics (U.S.)
Primary Target Market
- Market Players of Microplate Reader
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Microplate Reader market based on the below-mentioned segments:
Global Microplate Reader Market, By Product Type
Multi-Mode Microplate Readers
Automated ELISA Systems
Automated Nucleic Acid Purification Systems
Single-Mode Microplate Readers
Global Microplate Reader market, By Application
Protein and Nucleic Acid Detection
Enzyme-Linked Immunosorbent Assay
Others
Global Microplate Reader Market, By End User
Biotechnology and Pharmaceutical Companies
Contract Research Organizations
Diagnostic Laboratories
Hospital
Research and Academic Institutes
Others
Global Microplate Reader market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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