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Global Fluorescence Microplate Reader Market Research Report 2023 | Valuates Reports
Fluorescence Microplate Reader MarketThe global Fluorescence Microplate Reader market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029.
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The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Fluorescence Microplate Reader Market Trends
Fluorescence plate readers are often used for FRET detection and fluorescence intensity measurement. Single-mode fluorescence microplate readers can sometimes and with limited sensitivity, or not at all, detect other fluorescence-based detection modes such as fluorescence polarization, time-resolved fluorescence, and TR-FRET. Multi-mode microplate readers are often needed to cover these detection modalities in addition to absorbance and luminescence. This factor is expected to drive the growth of the Fluorescence Microplate Reader Market.
The expansion of the biotechnology industry and the expanding range of applications in drug discovery, genomics, and proteomics research are driving the usage of microplate readers. Additionally, benefits provided by microplate readers over spectrophotometric instruments, including faster and more efficient analytical processes and the availability of a wide variety of reading functionalities, is expected to fuel market expansion. This factor is expected to drive the growth of the Fluorescence Microplate Reader Market.
Fluorescence Microplate readers also have a long lifespan and require little maintenance. Even though lamps are the most fragile part of microplate readers, more sophisticated solutions including deuterium, halogens, Xenon flash lamps, and LEDs have been launched recently. As a result of these advancements, microplate readers now last longer, which is projected to boost the use of these tools. This factor is expected to drive the growth of the Fluorescence Microplate Reader Market.
Fluorescence Microplate Reader Market Share
Due to the area's expanding contract service market and expanding life sciences sector, the Asia Pacific region is expected to develop at the quickest CAGR during the forecast period. Emerging economies like China and India, which are experiencing rapid economic growth and significant expenditures in R&D, are extending the growth potential for biotechnology research, which is expected to accelerate market expansion.
Key Segmentations
By Company
• AID
• BioTek Instruments
• Boditech Med
• HP Medizintechnik
• Molecular Devices
• PerkinElmer
Segment by Type
• Semi-Automatic
• Fully Automatic
Segment by Application
• Medical
• Scientific Research
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