Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Microplate Readers Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 2.6% during the review period (2022 to 2027).
Microplate Readers Market Overview
Microplate readers, also called as microplate photometers are laboratory instruments used for the recognition of chemical or physical events of samples in microtiter plates. These plates are used for several research experiments in bioassay validation, drug discovery, manufacturing processes in biotechnological and pharmaceutical industries, quality control, and academic organizations. The microplate readers are able to detect physical, chemical or biological reactions by measuring emitted light. These readers help to minimize operational time, save cost, and facilitates researchers with easy data study through generation of actionable results. Common detection modes for microplate assays include fluorescence, absorbance, luminescence, fluorescence polarization, time resolved fluorescence, and others. The sample reactions can be assayed from 6 wells to 1536 well type microtiter plates. Multimode plate readers can perform a wide range of applications that include protein and cell progress assays, ELISA, reporter assays, molecular interactions, enzyme activity, ATP quantification, immunoassays, and others. Higher density micro plates are used mostly for advanced screening applications with a typical assay volume residing between 5-50 µl per well.rising incidence of infectious diseases is propelling demand for development of fast and efficient therapeutics, vaccines, and other medications, which is propelling demand for microplate readers.
Industry News
Thermo Fisher Scientific Invests $40 Million to Expand Bioprocessing Manufacturing Site
In 2020, Agilent Technologies Inc. launched the BenchCel Microplate Handler
15, 2022 Thermo Fisher Scientific announced that it is investing $40 million to increase its single-use technology built-up facility in Millersburg, Penn. The expansion is part of a $650 million multi-year deal to enhance the company’s ability to provide flexible, scalable, and reliable bioprocessing production capacity.
What are the major Applications, Types and Regions for Microplate Readers Market?
Microplate Readers Market is segmented based on the type, applications, companies and regions.
By Type, Microplate Readers Market has been segmented into
- Optical Filter Microplate Reader
- Optical Grating Microplate Reader
The end user’s industry application on Microplate Readers Market is,
- Clinical Field
- Nonclinical Field
Microplate Readers Market Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the Microplate Readers Market in important regions, including the
North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
Microplate Readers Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Microplate Readers Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
North America dominates the microplate readers market due to initial phase diagnosis and treatment of diseases, increasing frequency of epidemic diseases and the rise in funding for the growth of research. Convenience of strong distribution networks in US and Canada may also drive the market. Asia Pacific is the second highest region in terms of large manufacture and output.
What is our Microplate Readers Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 2.6% during the review period (2022 to 2027).
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By Type
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- Optical Filter Microplate Reader
- Optical Grating Microplate Reader
- Others
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By Application
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- Clinical Field
- Nonclinical Field
- Others
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By Companies
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ThermoFisher, PerkinElmer, Tecan, BioTek, BIO-RAD, Molecular Devices, BMG Labtech, KHB, Promega, Biochrom, Berthold, Awareness, Rayto, Perlong, Autobio and others.
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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121
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Microplate Readers Report
- Evaluate Microplate Readers market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Microplate Readers market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Frequently Asked Questions
What is the study period of this market?
The Microplate Readers Market is studied from 2017 - 2027.
What is the growth rate of Microplate Readers Market?
The Microplate Readers Market is growing at a CAGR of 2.6% over the next 5 years.
Who are the key players in Microplate Readers Market?
ThermoFisher, PerkinElmer, Tecan, BioTek, BIO-RAD, Molecular Devices, BMG Labtech, KHB, Promega, Biochrom, Berthold, Awareness, Rayto, Perlong, Autobio and others.
What region does this Microplate Readers Market report covers?
North America (the United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Colombia, etc.) The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Microplate Readers Market?
Optical Filter Microplate Reader, Optical Grating Microplate Reader
What are the major end-use applications of Microplate Readers Market?
Clinical Field, Nonclinical Field
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
