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Global Microplate Readers Market is expected to foresee significant growth. North America to lead the growth!

A microplate reader is a laboratory instrument that is used to measure chemical, biological or physical reactions, properties, and analytes within the well of a microplate. A microplate consists of small wells in which separated reactions take place. These reactions convert the presence of an analyte or the progression of biochemical processes into optical signals. The microplate reader detects these signals and thus quantifies the parameter of interest. The market for microplate readers is growing on account of the growing demand for these readers in various industries including biochemical, pharmaceutical research, environmental research, food and cosmetic industry. Furthermore, the growing incidence of infectious diseases and the rising adoption of automated platforms in diagnostic laboratories are also prominent factors driving the microplate readers market globally. For instance, as per the WHO estimates, ~3–5 million people suffer from severe flu every year worldwide, and ~650,000 people die because of the disease. People with infectious diseases account for the majority of hospital admissions and clinical diagnostics.

The Microplate Readers Market is expected to grow at a steady rate of around 4% during the forecast period. Factors such as rapid technological advancement, increasing R & D activities across the pharmaceutical industry and promulgating strategic alliances among key industry players are some of the prominent factors contributing to the growth of the market.  

Based on type, the microplate readers market is segmented into single-mode microplate readers and multi-mode microplate readers. The multi-mode microplate readers segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe owing to its greater flexibility, cost efficiency, and compact sizing options. Moreover, apart from the fluorescence, absorbance, and luminescence capabilities, these readers also offer different configurable modes for fluorescence polarization, fluorescence resonance energy transfer, etc.

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Based on application, the microplate readers market is divided into genomics & proteomics, drug discovery, clinical diagnostics and others. The genomics & proteomics segment grabbed a considerable market share of the market in 2020. The growth of this segment can be attributed to the rise in genomics & proteomics research activities and the availability of a variety of reagent kits and microplate assays for protein library screening and assessment of cell viability. However, the drug discovery segment is also expected to grow with a lucrative CAGR during the forecast period.

For a better understanding of the market adoption of the microplate readers industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. The major factors such as well-established healthcare infrastructure, the presence of numerous biopharmaceutical and pharmaceutical companies in the region, a rising focus on drug discovery and rising R&D investments by various pharmaceutical key players. For instance, in 2019, the pharmaceutical industry spent USD 83 billion on R&D. These expenditures covered a wide variety of research activities including drug discovery and development.

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Some of the major players operating in the market include Thermo Fisher Scientific, Inc., Danaher Corporation, Promega Corporation, Bio-Rad Laboratories, Agilent Technologies Inc., PerkinElmer, Inc., Enzo Life Sciences, QIAGEN, BioTek Instruments, BMG Labtech.

Global Microplate Readers Market Segmentation

Market Insight, by Type

  • Single-Mode Microplate Readers
  • Multi-Mode Microplate Readers

Market Insight, by Application

  • Genomics and Proteomics Research
  • Drug Discovery
  • Clinical Diagnostics
  • Others

Market Insight, by End-Users

  • Hospitals & Clinical Laboratories
  • Pharmaceutical & Biotechnology Companies
  • Academic & Research Institutions
  • Others

Market Insight, by Region

  • North America
    •  US
    •  Canada
    •  Rest of North America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • Rest of the World

Top Company Profiles

  • Thermo Fisher Scientific, Inc.
  • Danaher Corporation
  • Promega Corporation
  • Bio-Rad Laboratories
  • Agilent Technologies Inc.
  • PerkinElmer, Inc.
  • Enzo Life Sciences
  • BioTek Instruments
  • BMG Labtech

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