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

Share your requirements to help us to customize the report.

I acknowledge that I have read the Privacy Policy

Confidentiality

We respect your privacy rights and safeguard your personal information. We prevent the disclosure of personal information to third parties.

License Type Top market research company in USA

File Type

Analyst Support

$5,300

BUY NOW GET FREE SAMPLE

FAQs

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 competitive environment of the 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. 'Danaher Corporation', 'Thermo Fisher Scientific, Inc.', 'BMG Labtech', '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'

The 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.

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.

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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Share your requirements to help us to customize the report.

Confidentiality

FAQs

What is the market size of Microplate Reader Market?

Who are the key vendors in the Microplate Reader Market?

What is the key driver of Microplate Reader Market?

What is the key market trend for Microplate Reader Market?

Which region accounted for the largest share in Microplate Reader Market?

Related Reports

Feedback From Our Clients

$5,300