Global Microplate Readers Market growing at a CAGR of 5.7% from 2023 to 2030
Category : Pharmaceuticals And Healthcare | Published Date : Jul 2023
Key Market Overview
Consegic Business Intelligence analyzes that the microplate readers market is predicted to grow at a compound annual growth rate of 5.7% from 2023 to 2030 and is expected to reach USD 822.33 million in 2030 which was valued at USD 527.78 million in 2022.
The report highlights the increasing adoption of microplate readers by pharmaceutical & biotechnology companies, which is proliferating global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the microplate readers market.
Global Microplate Readers Market By Overview
The microplate readers market is bifurcated into product type, application, and end user. Based on product type the market is segmented into single-mode readers and multi-mode readers, in 2022, the single-mode readers segment dominates in the overall microplate readers market. The application segment is categorized into genomics & proteomics research, drug discovery, clinical diagnostics, and others. In 2022, the drug discovery segment accounted for the highest market share in the microplate readers market. The end user segment is categorized into pharmaceutical & biotechnology companies, academic & research institutions, and others. In 2022, the pharmaceutical & biotechnology companies segment accounted for the highest market share in the microplate readers market.
Get Free SampleMarket Dynamics
Driver:
- The increasing adoption of microplate readers in academic & research institutions is spurring the growth of the market.
- Growth of the pharmaceutical manufacturing activities is accelerating the microplate readers market growth.
Restraints:
- Limitations associated with filters utilized in microplate readers are restraining the growth of the market.
Market Segmentation:
| Report Attributes | Report Details |
| By Product Type | Single-mode Readers and Multi-mode Readers |
| By Application | Genomics & Proteomics Research, Drug Discovery, Clinical Diagnostics, and Others |
| By End User | Pharmaceutical & Biotechnology Companies, Academic & Research Institutions, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
As per the study, the market is dominated by certain major companies such as Molecular Devices, LLC., Thermo Fisher Scientific, Inc., BMG Labtech, and PerkinElmer, Inc. which have a strong market position in current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions that are more durable, ensure superior functioning, and others. Furthermore, the microplate readers market is expected to witness substantial growth in the coming years due to the growing investment in healthcare projects in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Molecular Devices, LLC.
- 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