Microplate Readers Market worth $1,059.13 million by 2030, growing at a CAGR of 8.14% - Exclusive Report by 360iResearch

The "Microplate Readers Market by Technology (Biologic Targeting, Microfluidics, Nanotechnology), Mode (Multimode, Single Mode), Application, End User - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global Microplate Readers Market to grow from USD 566.00 million in 2022 to USD 1,059.13 million by 2030, at a CAGR of 8.14%.

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Microplate readers are laboratory instruments used to detect chemical, biological, or physical matters of samples in microtiter plates. They are made to measure a wide range of biological responses and assays such as enzyme-linked immunosorbent assays (ELISA), protein assays, cell viability, growth, and proliferation studies. The increasing need for high-throughput screening in drug discovery and development utilizes microplate readers. The surge in academic and research activities involving genomic and proteomic research has led to an uptick in the use of these instruments. However, the complexity of operation and interpretation of results of microplate readers, which require skilled personnel, impact their utility. Manufacturers have been focusing on developing user-friendly interfaces and software that simplifies data analysis. Furthermore, the introduction of cost-effective models with modular designs helps labs with limited budgets to adopt this technology. The push towards personalized medicine and the development of more complex biochemical assays require sophisticated and sensitive detection systems, driving innovation and expansion of microplate readers. Additionally, the perpetually rising standards in regulatory compliance and quality control in pharmaceutical and biotechnological industries are likely to foster the need for advanced microplate readers.

In the Americas, with a well-established biotechnology and pharmaceutical industry, the use of microplate readers is heavily oriented towards research and development, particularly in drug discovery and life sciences. The corporate scenario is marked by intense competition and significant investment in R&D, fostering a climate where technological advancements and integration with laboratory automation systems are paramount. In the APAC region, there is a burgeoning demand for microplate readers, propelled by rapid growth in pharmaceuticals and increasing government investment in biotechnology research. Countries such as China and India are emerging as significant players, with local manufacturers catering to a market that is cost-sensitive yet increasingly quality-conscious. The EMEA region presents a diverse scenario where advanced economies such as Germany, France, and the UK have a steady demand for microplate readers, primarily in diagnostic applications and clinical research. The regulatory landscape in this region also plays a critical role in shaping the production and marketing strategies of microplate reader manufacturers. The Middle East and parts of Africa are comparatively smaller markets, influenced mainly by the procurement capabilities of academic institutions and healthcare sectors, which often import devices from European manufacturers.

Market Segmentation & Coverage:

This research report categorizes the Microplate Readers Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Technology, market is studied across Biologic Targeting, Microfluidics, Nanotechnology, Protein Engineering, and Supramolecular Chemistry. The Supramolecular Chemistry commanded largest market share of 22.71% in 2022, followed by Protein Engineering.

Based on Mode, market is studied across Multimode and Single Mode. The Single Mode commanded largest market share of 60.39% in 2022, followed by Multimode.

Based on Application, market is studied across Enzyme Kinetics, Enzyme-Linked Immunosorbent Assays, Nucleic Acid Quantification, and Protein Colorimetric Assays. The Nucleic Acid Quantification commanded largest market share of 21.99% in 2022, followed by Enzyme-Linked Immunosorbent Assays.

Based on End User, market is studied across Academics, Energy & Utility, Food Testing, Manufacturing, and Pharmaceuticals & Biotechnology. The Pharmaceuticals & Biotechnology commanded largest market share of 71.96% in 2022, followed by Academics.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 35.39% in 2022, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Microplate Readers Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Microplate Readers Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Microplate Readers Market, highlighting leading vendors and their innovative profiles. These include Accuris Instruments, Agilent Technologies, Inc., Awareness Technology, Inc., Azure Biosystems Inc., Berthold Technologies GmbH & Co. KG, Bio-Rad Laboratories, Inc., Biochrom Ltd. by Harvard Bioscience, Inc., BMG LABTECH GmbH, Boeckel + Co (Gmbh + Co), Bruker Corporation, Byonoy GmbH, Corning Incorporated, CTK Biotech, Inc. by SSI Diagnostica A/S, Danaher Corporation, Dynex Technologies, Inc., Enzo Life Sciences, Inc., High Technology, Inc., Hinds Instruments, Inc., Inovia Technology, JASCO Corporation, LabLogic Systems Ltd., Lonza Group Ltd., LTEK CO., LTD., PerkinElmer, Inc., Photon Etc., Promega Corporation, QIAGEN N.V., Rayto Life and Analytical Sciences Co.,Ltd., SAFAS Monaco, Sartorius AG, Shenzhen Mindray Bio-Medical Electronics Co., Ltd. A, Tecan Group Ltd., and Thermo Fisher Scientific Inc..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Microplate Readers Market, by Technology
7. Microplate Readers Market, by Mode
8. Microplate Readers Market, by Application
9. Microplate Readers Market, by End User
10. Americas Microplate Readers Market
11. Asia-Pacific Microplate Readers Market
12. Europe, Middle East & Africa Microplate Readers Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Microplate Readers Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Microplate Readers Market?
3. What is the competitive strategic window for opportunities in the Microplate Readers Market?
4. What are the technology trends and regulatory frameworks in the Microplate Readers Market?
5. What is the market share of the leading vendors in the Microplate Readers Market?
6. What modes and strategic moves are considered suitable for entering the Microplate Readers Market?

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