According to our new research study on “Microplate Reader Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Type, Application, and End User” the microplate reader market was valued at US$ 534.5 million in 2019 and is projected to reach US$ 704.4 million by 2027; it is expected to grow at a CAGR of 3.6% during 2020–2027. The market growth is mainly attributed to the increasing research and development in the pharmaceuticals industry, and surging incidence of infectious diseases. However, the high cost of advanced microplate readers is the major factor hindering the market growth.
In 2019, North America dominated microplate reader market with more than one-third revenue share. The increase in the demand for advanced and quick processing technologies by biopharmaceutical and biotechnology companies; presence of key market players and their increasing number of product lunches; extensively expanding research activities in various fields of life sciences, such as genomic and proteomics research and drug discovery; and rise in clinical diagnostics conducted by various academic and research institutes are the prime factors contributing to the market growth in this region.
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Here we have listed the top Microplate Reader Market companies in the world
- Biotek Instruments, Inc.
- Hercuvan Lab Systems
- Molecular Devices, LLC
- Thermo Fisher Scientific
- BMG Labtech
- Promega Corporation
- Bio-Rad Laboratories, Inc.
- Tecan Trading AG
The microplate reader market players adopt the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.
Microplate Reader Market – by Type
- Single-Mode Microplate Readers
- Absorbance Plate Readers
- Fluorescence Plate Readers
- Luminescence Plate Readers
- Multi-Mode Microplate Readers
- Filter-Based Readers
- Monochromator-Based Readers
- Hybrid Readers
Microplate ReaderMarket – by Application
- Drug Discovery
- Clinical Diagnostics
- Genomics and Proteomics Research
Microplate Reader Market – by End User
- Biotechnology and Pharmaceutical Companies
- Hospital and Diagnostic Laboratories
- Research and Academic Institutes
Microplate Reader Market– by Geography
- North America
- Rest of Europe
- Asia Pacific(APAC)
- South Korea
- Rest of APAC
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
- South Americaand Central America (SCAM)
- Rest of SCAM
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Reasons for buying this report:
– It offers an analysis of changing competitive scenario.
– For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies.
– It offers a seven-year assessment of Microplate Reader Market.
– It helps in understanding the major key product segments.
– Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities.
– It offers a regional analysis of Microplate Reader Market along with business profiles of several stakeholders.
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