Microplate Reader Market Size is projected to reach USD 798.83 million by 2029 - $160
Uşak, Uşak Merkez/Uşak, Türkiye
Details:Microplate Reader Market Analysis and Size
• Microplate Reader Market was valued at USD 579.22 million in 2021 and is expected to reach USD 798.83 million by 2029, registering a CAGR of 4.1% during the forecast period of 2022-2029. The “multi-mode microplate” accounts for the largest product type segment in the microplate reader market within the forecasted period owing to the rising number of research and development activities for the management of chronic conditions. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Microplate Reader Market Definition
Microplate readers are instruments that are used in labs, research institutes, laboratories, hospitals, and clinics to measure emitted light and investigate several segments. Multi-mode microplate readers, single-mode microplate readers, automated ELISA systems, and automated nucleic acid purification systems are all examples of microplate readers.
REPORT METRIC DETAILS
Forecast Period 2022 to 2029
Base Year 2021
Historic Years 2020 (Customizable to 2019 - 2014)
Quantitative Units Revenue in USD Million, Volumes in Units, Pricing in USD
Segments Covered Well System (96 Wells, 384 Wells, 1536 Wells, Others), Product Type (Multi-Mode Microplate Readers, Automated ELISA Systems, Automated Nucleic Acid Purification Systems, Single-Mode Microplate Readers), Application (Protein and Nucleic Acid Detection, Enzyme-Linked Immunosorbent Assay, Others), End User (Biotechnology and Pharmaceutical Companies, Contract Research Organizations, Diagnostic Laboratories, Hospital, Research and Academic Institutes and Others), Distribution Channel (Direct Tenders and Retail Sales)
Countries Covered U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa
Market Players Covered 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.)
Microplate Reader Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
• Growing Healthcare Issues
The factors such as the high prevalence of diseases such as influenza and the rising patient awareness are the most significant factors driving the growth for this market.
• Usage for Various Applications
The high use in modern drug discovery and development activities and genomic and proteomic research are also projected to bolster the growth of the market.
Moreover, market players' increasing focus on miniaturization also cushions the market’s growth within the forecasted period. Furthermore, the expanding healthcare sector along with the rise in the increasing number of research laboratories are also expected to fuel market growth.
• Growing Investments and Advancements Offer Opportunities
Moreover, the rise in the number of research and life science laboratories and growing government support for research and laboratories work are estimated to generate lucrative opportunities for the market. Surge in the alertness between the people related to the significance of biotechnological studies will further provide numerous opportunities within forecasted period.
Microplate Reader Market Scope
The microplate reader market is segmented on the basis of well system, product type, application, end user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
• 96 Wells
• 384 Wells
• 1536 Wells
On the basis of well system, the microplate reader market is segmented into 96 wells, 384 wells, 1536 wells and others.
• Multi-Mode Microplate Readers
• Automated ELISA Systems
• Automated Nucleic Acid Purification Systems
• Single-Mode Microplate Readers
Post Covid-19 Impact on Microplate Reader Market
The microplate reader market was largely industry impacted by the outbreak of COVID-19. The COVID-19 pandemic has had a substantial impact on hospital resources around the world. This has largely been accomplished by drastically lowering inpatient and outpatient services for various diseases and instituting infection prevention and control methods. Given the present pandemic and the pharmaceutical and biotechnology industries' role in containing the virus's spread by providing crucial medications, vaccines, kits, and other supplies, the demand for microplate products in this area is projected to rise. Owing to the increased product, the market is projected to grow at a substantial pace in the upcoming years.
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The large scale Microplate Reader Market report utilizes excellent research methodology which focuses on market share analysis and key trend analysis. A data triangulation method has been utilized for this purpose which has plentiful components such as data mining, analysis of data variable effect on the market, and primary or industry expert validation. Not to mention, large sample sizes have been exploited for the collection of data and info in this report. Few more data models employed for the research methodology are merchant positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, thorough analysis and vendor share analysis.
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Major TOC of the Report
2 MARKET SEGMENTATION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
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