USD 601.24 million
Global Microplate Reader Market Size, Share, Growth Analysis, By Product(Single-mode Readers, Absorbance Microplate Readers), By Application(Genomics & Proteomics Research, Drug Discovery), By End-use(Pharmaceutical & Biotechnology Companies & CROs, Academic & Research Institutions) - Industry Forecast 2024-2031
Report ID:
SQMIG35H2188 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
97 |
Figures:
70
Global Microplate Reader Market Insights
Global Microplate Reader Market size was valued at USD 601.24 million in 2022 and is poised to grow from USD 625.29 million in 2023 to USD 855.75 million by 2031, growing at a CAGR of 4.00% in the forecast period (2024-2031).
The increasing global population and the consequential surge in the prevalence of diseases have led to a noticeable increase in government support for research endeavors. This support is anticipated to unlock numerous growth prospects in the field. Several governments have initiated policies and incentives that encourage foreign investments, creating attractive opportunities for key industry players to extend their global reach.
Furthermore, multiple major manufacturers and research entities are forging collaborations with local producers to harness the full potential of the global microplate reader market.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
single-mode readers
Fastest Growth
multi-mode
Growth Rate
4.00% CAGR
Global Microplate Reader Market ($ Mn)
Country Share for North America Region (%)
Global Microplate Reader Market By Product ($ Mn)
Global Microplate Reader Market By Product (%)
To get more reports on the above market click here to Buy The Report
Global Microplate Reader Market Segmental Analysis
The global microplate reader market is segmented into four major segments i.e. by product, application, end-use and region. Based on product the market is segmented as, single-mode readers, absorbance microplate readers, fluorescence microplate readers, luminescence microplate readers, others, multi-mode readers, filter-based microplate readers, monochromator-based microplate readers, hybrid microplate readers. Based on application the market is segmented as, genomics & proteomics research, drug discovery, clinical diagnostics, others. Based on end-use the market is segmented as, pharmaceutical & biotechnology companies & cros, academic & research institutions, others. Based on region, the market is segmented as, North America, Europe, Asia Pacific, Latin America.
Analysis by Product
In 2022, single-mode readers dominated the market, accounting for a substantial share of over 60.0%. This leadership position can be attributed to their extensive market penetration and well-established presence in diverse academic and industrial research and development environments. Single-mode readers are favored not only for their widespread usage but also for their cost-effectiveness when compared to their multi-mode counterparts.
The multi-mode readers segment is projected to experience the fastest CAGR over the forecast period. This growth can be attributed to manufacturers' efforts to provide greater flexibility and convenience through multi-modal instruments, which can perform multiple functions without the need for several dedicated instruments.
Analysis by Application
The drug discovery segment secured the largest market share, accounting for over 40.0% of the total share. This dominance is primarily driven by the extensive applicability of microplate reading devices in various facets of drug discovery processes. Notably, these instruments play a pivotal role in the automated detection and analysis of both labeled and label-free components during cell-based assays, streamlining and enhancing the drug development workflow.
The genomics and proteomics research segment is poised for substantial growth with a significant CAGR projected from 2023 to 2030. This growth can be attributed to the diverse range of signal reading techniques available for specific applications within the realms of genomics and proteomics.
Global Microplate Reader Market By Product, 2023 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Microplate Reader Market Regional Insights
In 2022, North America emerged as the dominant market player, commanding a substantial share of over 40.0%. This market leadership can be attributed to the region's well-established biopharmaceutical and Contract Research Organization (CRO) industry, which has been a hub of extensive research and development (R&D) activities.
The Asia Pacific region is expected to experience the most rapid CAGR from 2023 to 2030. This growth trajectory is attributed to the burgeoning life sciences industry and the increasing attraction of contract service providers to the region. The Asia Pacific region is characterized by rapid economic development and substantial investments in research and development activities, particularly in emerging economies such as China and India.
Global Microplate Reader Market By Geography, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Microplate Reader Market Dynamics
Drivers
Benefits Associated with the Use of Microplate Readers
- The global microplate readers market is poised to gain substantial advantages from the forward-looking and research-centric capabilities inherent to these devices, particularly in contrast to traditional spectrometers. While traditional spectrometers typically cater to small sample sizes, microplate readers offer a distinct advantage in terms of higher throughput.
Restraints
Storage Sensitivity to Restrain the Global Market Growth
- Despite the user-friendly nature and the exceptional results they provide, microplate readers are highly sensitive to their storage conditions. Even slight deviations from the recommended storage parameters can result in permanent damage to these valuable instruments. For instance, when it comes to fluorescence measurements, it is advisable to use plates with black walls and transparent bottoms.
Request Free Customization of this report to help us to meet your business objectives.
Global Microplate Reader Market Competitive Landscape
The competitive environment of the Global Microplate Reader Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
- PerkinElmer, Inc.
- Promega Corporation
- Bio-Rad Laboratories
- Lonza
- Agilent Technologies, Inc.
- Enzo Life Sciences
- Berthold Technologies GmbH & Co. KG
- Biotek Instruments, Inc.
- Hercuvan Lab Systems
- Molecular Devices, LLC
- Tecan Trading AG
Global Microplate Reader Key Market Trends
- The widespread adoption of microplate readers is being driven by the expanding biotechnology sector and the growing array of applications in areas such as drug discovery, genomics, and proteomics research. Additionally, microplate readers offer several advantages over traditional spectrophotometric devices, including enhanced speed and efficiency in analytical workflows. Their versatility, offering a wide range of reading functions, further contributes to their appeal.
Global Microplate Reader Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global microplate reader market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. Moreover, microplate readers boast low maintenance requirements and an extended operational lifespan. While traditional microplate reader lamps have historically been susceptible to wear and tear, recent advancements have introduced more robust options, such as deuterium, halogens, Xenon flash lamps, and LEDs. These technological improvements have substantially increased the durability and longevity of microplate readers, enhancing their attractiveness to researchers and laboratories. As a result, the adoption of these instruments is poised to continue growing, driven by their enhanced reliability and sustainability.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 601.24 million |
| Market size value in 2031 | USD 855.75 million |
| Growth Rate | 4.00% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Microplate Reader Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Microplate Reader Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Microplate Reader Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Microplate Reader Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Microplate Reader Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Microplate Reader Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Microplate Reader Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
