Dublin–(business wire)–“Microplate Reader Market Size, Share & Trend Analysis Report” by Product (Single-Mode Reader, Multi-Mode Reader), By Application, By End-Use, By Region and Segment Forecast, 2023-2030 Report add to of ResearchAndMarkets.com Recruitment.
The global market size of microplate readers is expected to reach USD 809.2 million by 2030, growing at a CAGR of 7.59% from 2023 to 2030. In addition, the global rise in the prevalence of infectious diseases and frequent disease outbreaks in endemic areas are expected to increase the demand for microplate readers for clinical diagnostics.
Additionally, the microplate reader offers high-throughput screening, allowing analysis of up to 3456 samples at once. This minimizes the manipulation time and amount of reagents required, and increases the flexibility of data analysis and interpretation. As a result, the application of microplate readers in research activities is expected to increase, as evidenced by the launch of several research-oriented products in this area. For example, in February 2022, BMG LABTECH launched his VANTAstar reader for application in life science research activities. Additionally, the growing preference for multi-mode readers will spur market growth in the near future, as these readers offer the flexibility, cost efficiency, and convenience of using multi-purpose instruments instead of multiple dedicated instruments. expected to take.
The COVID-19 pandemic has increased demand for point-of-care and rapid testing methods for disease surveillance and outbreak management. Additionally, there is growing interest in developing cost-effective, portable, and easy-to-use analytical devices such as microplate readers to support diagnostic testing activities. For example, in November 2020, Enzo Biochem launched a portable reader compatible with the company’s immunoassays and molecular diagnostic assays. As microwell plates are frequently used in enzyme-linked immunosorbent assays and molecular tests, such developments are expected to increase the demand for his COVID-19 related applications of microplate readers.
Microplate Reader Market Report Highlights
In terms of products, the single-mode reader segment accounted for the largest share with over 60.0% in 2022. This is because of its widespread presence, the utility of microplate technology, and the cost efficiency of single-mode readers versus multimode readers.
By application, the drug discovery segment accounted for the largest share of over 40.0% in 2022. High-throughput capabilities of microplate systems and increasing adoption of automation in these instruments are driving this segment.
North America held the largest share at over 40.0% in 2022. This is due to the heavy investment in R&D, the availability of established commercial infrastructure for pharmaceutical and biotech companies, and the presence of major players in the region.
Based on end-use, the pharmaceutical and biotech companies and CRO segment dominated the market in 2022 due to increased investment in the biopharmaceutical sector and emerging applications of microplate-based technology in cell-based assays .
Growth in drug discovery and R&D activity by biopharmaceutical companies drives the market
Growing interest in miniaturization of cell-based assays is expanding the applicability of microplate readers
Rapid Increase in Adoption of Multimode Readers is Energizing the Market
High cost of advanced microplate readers may limit market growth
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Market variables, trends and ranges
Chapter 4 Product Business Analysis
Chapter 5 Application Business Analysis
Chapter 6 End Use Business Analysis
Chapter 7 Business Analysis by Region
Chapter 8 Competitive Environment
Thermo Fisher Scientific
Agilent Technologies, Inc.
Enzo Life Science
Berthold Technologies GmbH & Co. Kg
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