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The Microplate Reader Market size was estimated at USD 486.89 million in 2023 and is expected to reach USD 941.32 million by 2032 at a CAGR of 7.6% during the forecast period of 2024-2032.
Microplate readers are devices used in laboratories, research institutes, laboratories, hospitals, and clinics to measure emitted light and study various segments. Microplate readers include multi-mode microplate readers, single-mode microplate readers, automated ELISA systems, and automated nucleic acid purification systems.
DRIVERS
Increasing Healthcare Concerns
Use in a Variety of Applications
The significant utilization in modern drug discovery and development operations, as well as genomic and proteomic research, is expected to drive market expansion. Furthermore, industry participants' increased focus on miniaturization dampens market growth during the anticipated timeframe. Moreover, the expanding healthcare sector, as well as an increase in the number of research laboratories, are likely to drive market growth.
RESTRAIN
The availability of alternatives will have a negative impact on growth.
High costs restrain growth
The increasing cost of multi-mode and sophisticated microplate readers is projected to stymie industry expansion. Furthermore, the massive investments necessary for research & development in order to put novel items into the market would restrain the market's overall growth.
OPPORTUNITY
Expanding Investments and Advancements Create Opportunities
The increasing government support for research and laboratory activity, as well as the increase in the number of research and life science laboratories, are expected to create profitable prospects for the market. Increased public awareness of the importance of biotechnology research will afford several opportunities over the anticipated period.
CHALLENGES
Small players survival in the market is challenging.
Small companies must reduce their operational costs in order to survive in the market. The survival of small firms and new entrants in the microplate reader market is a big challenge.
The Russian invasion of Ukraine has had a significant influence on the country's universities and research organizations. This column uses freshly created data to show a 10% drop in research articles published by Ukrainian scientists since the war began. This has been caused mostly by disruptions in human capital and weakened international cooperation, rather than by damage to physical capital. To effectively protect Ukraine's scientific future, policy should prioritize reducing human capital disruptions.
IMPACT OF ONGOING RECESSION
Enzo was granted EUAs and EUA extensions for our COVID-19 molecular diagnostic and serological testing options, our sample collection kit, an innovative virus-inactivating specimen collection media that reduces transmission risks for healthcare providers and clinical laboratory personnel, our use of pooled samples, and our rapid extraction method. Other advancements include the creation of more relevant positive controls for the tests, as well as increased sensitivity. To meet the growing demand for COVID-19 testing, we made considerable expenditures to extend our capacity during the time, which significantly increased our testing volumes. COVID-19 testing demand remained into fiscal 2023, although fell in the later half of that year.
By Product
Single-mode Readers
Absorbance Microplate Readers
Fluorescence Microplate Readers
Luminescence Microplate Readers
Others
Multi-mode Readers
Filter-based Microplate Readers
Monochromator-based Microplate Readers
Hybrid Microplate Readers
In 2023, single-mode readers segment is expected to held the highest market share of 60.1% during the forecast period due to their extensive market penetration and established presence in numerous academic and industry research and development contexts. Furthermore, these instruments are less expensive than multi-mode readers, and businesses such as Biotek Instruments, Inc. (Agilent Technologies, Inc.), and Tecan Group Ltd. offer modular single-mode reader designs that may be modified as needed. Furthermore, single-mode readers are simple to use and are available from a range of vendors. As a result, the availability of a diverse variety of choices is expected to drive the segment.
By Application
Genomics & Proteomics Research
Clinical Diagnostics
Others
In 2023, the drug discovery segment is expected to dominate the market growth of 40.1% during the forecast period. This is due to the wide variety of uses for microplate reading devices in drug discovery processes. These tools, for example, are utilized for automated detection and analysis of numerous labeled and label-free components during cell-based experiments. Similarly, microplate scanners provide high throughput by reading multiple wells at the same time, and throughput can be boosted further with the use of automated robotic microplate stackers. Such technological capabilities are making advanced readers easier to use and pushing their acceptance for drug discovery applications.
By End User
Pharmaceutical & Biotechnology Companies & CROs
Academic & Research Institutions
Others
In 2023, the pharmaceutical & biotechnology companies & CROs segment is expected to dominate the market growth of 60.1% during the forecast period to due to the high commercial success of biopharmaceuticals and the rapid development in demand for CRO services. A significant growth in pharmaceutical industry funding has improved drug screening activities for the identification of new medicines. Because microplate readers are a crucial part of drug screening and target identification and validation workflows, demand for these devices is likely to rise throughout the forecast period.
North America held a significant market share of over 40.2% in 2023 due to the presence of a strong biopharmaceutical and CRO industry in the region and a high extent of R&D activity. Furthermore, significant players with a local presence in the region, such as Agilent Technologies, Inc., Danaher Corporation, and PerkinElmer, Inc., are projected to drive the market in the region. In addition, increased infectious disease testing and high demand for ELISA-based tests in the region as a result of the COVID-19 pandemic have boosted market growth in North America.
Asia-Pacific is witness to expand fastest CAGR rate during the forecast period owing to an expanding life sciences industry and rising interest in contract service providers in the region. Rapid economic development and significant investments in research & development activities in emerging economies such as China and India are boosting the growth prospects for biotechnology research, which is expected to grow the market.
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REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major players are Thermo Fisher Scientific, Inc., PerkinElmer, Inc., Lonza, Agilent Technologies, Inc., Berthold Technologies GmbH & Co. KG, Danaher Corporation, Promega Corporation, Bio-Rad Laboratories, BMG Labtech, Enzo Life Sciences and Other Players
Danaher Corporation, in April 2022, Danaher Corporation has introduced the new SpectraMax Mini Multi-Mode reader, which is a benchtop design ideal for academic laboratories.
| Report Attributes | Details |
| Market Size in 2023 | US$ 486.89 Million |
| Market Size by 2032 | US$ 941.32 Million |
| CAGR | CAGR of 7.6% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Single-mode Readers, Multi-mode Readers) • By Application (Genomics & Proteomics Research, Drug Discovery, Clinical Diagnostics, Others) • By End User (Pharmaceutical & Biotechnology Companies & CROs, Academic & Research Institutions, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Thermo Fisher Scientific, Inc., PerkinElmer,Inc.,Lonza,Agilent Technologies, Inc., Berthold Technologies GmbH & Co. KG, Danaher Corporation,Promega Corporation,Bio-Rad Laboratories,BMG Labtech,Enzo Life Sciences |
| Key Drivers | • Increasing Healthcare Concerns • Use in a Variety of Applications |
| Market Opportunity | • Expanding Investments and Advancements Create Opportunities |
Ans: USD 941.32 million is expected to grow by 2032.
Ans: Microplate Reader Market size was valued at USD 486.89 million in 2023.
Ans: Microplate Reader Market is anticipated to expand by 7.6% from 2024 to 2032.
Ans: growing healthcare Issues and usage for various applications.
Ans: North America held a significant market share of around 40.2% in 2023
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Microplate Reader Market Segmentation, By Product
9.1 Introduction
9.2 Trend Analysis
9.3 Single-mode Readers
9.3.1 Absorbance Microplate Readers
9.3.2 Fluorescence Microplate Readers
9.3.3 Luminescence Microplate Readers
9.3.3 Others
9.4 Multi-mode Readers
9.4.1 Filter-based Microplate Readers
9.4.2 Monochromator-based Microplate Readers
9.4.3 Hybrid Microplate Readers
10. Microplate Reader Market Segmentation, By Application
10.1 Introduction
10.2 Trend Analysis
10.3 Genomics & Proteomics Research
10.4 Drug Discovery
10.5 Clinical Diagnostics
10.6 Others
11. Microplate Reader Market Segmentation, By End user
11.1 Introduction
11.2 Trend Analysis
11.3 Pharmaceutical and BioApplication Companies & CROs
11.4 Academic and Research Institutes
11.5 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Microplate Reader Market by Country
12.2.3 North America Microplate Reader Market By Product
12.2.4 North America Microplate Reader Market By Application
12.2.5 North America Microplate Reader Market By End user
12.2.6 USA
12.2.6.1 USA Microplate Reader Market By Product
12.2.6.2 USA Microplate Reader Market By Application
12.2.6.3 USA Microplate Reader Market By End user
12.2.7 Canada
12.2.7.1 Canada Microplate Reader Market By Product
12.2.7.2 Canada Microplate Reader Market By Application
12.2.7.3 Canada Microplate Reader Market By End user
12.2.8 Mexico
12.2.8.1 Mexico Microplate Reader Market By Product
12.2.8.2 Mexico Microplate Reader Market By Application
12.2.8.3 Mexico Microplate Reader Market By End user
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Microplate Reader Market by Country
12.3.2.2 Eastern Europe Microplate Reader Market By Product
12.3.2.3 Eastern Europe Microplate Reader Market By Application
12.3.2.4 Eastern Europe Microplate Reader Market By End user
12.3.2.5 Poland
12.3.2.5.1 Poland Microplate Reader Market By Product
12.3.2.5.2 Poland Microplate Reader Market By Application
12.3.2.5.3 Poland Microplate Reader Market By End user
12.3.2.6 Romania
12.3.2.6.1 Romania Microplate Reader Market By Product
12.3.2.6.2 Romania Microplate Reader Market By Application
12.3.2.6.4 Romania Microplate Reader Market By End user
12.3.2.7 Hungary
12.3.2.7.1 Hungary Microplate Reader Market By Product
12.3.2.7.2 Hungary Microplate Reader Market By Application
12.3.2.7.3 Hungary Microplate Reader Market By End user
12.3.2.8 Turkey
12.3.2.8.1 Turkey Microplate Reader Market By Product
12.3.2.8.2 Turkey Microplate Reader Market By Application
12.3.2.8.3 Turkey Microplate Reader Market By End user
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Microplate Reader Market By Product
12.3.2.9.2 Rest of Eastern Europe Microplate Reader Market By Application
12.3.2.9.3 Rest of Eastern Europe Microplate Reader Market By End user
12.3.3 Western Europe
12.3.3.1 Western Europe Microplate Reader Market by Country
12.3.3.2 Western Europe Microplate Reader Market By Product
12.3.3.3 Western Europe Microplate Reader Market By Application
12.3.3.4 Western Europe Microplate Reader Market By End user
12.3.3.5 Germany
12.3.3.5.1 Germany Microplate Reader Market By Product
12.3.3.5.2 Germany Microplate Reader Market By Application
12.3.3.5.3 Germany Microplate Reader Market By End user
12.3.3.6 France
12.3.3.6.1 France Microplate Reader Market By Product
12.3.3.6.2 France Microplate Reader Market By Application
12.3.3.6.3 France Microplate Reader Market By End user
12.3.3.7 UK
12.3.3.7.1 UK Microplate Reader Market By Product
12.3.3.7.2 UK Microplate Reader Market By Application
12.3.3.7.3 UK Microplate Reader Market By End user
12.3.3.8 Italy
12.3.3.8.1 Italy Microplate Reader Market By Product
12.3.3.8.2 Italy Microplate Reader Market By Application
12.3.3.8.3 Italy Microplate Reader Market By End user
12.3.3.9 Spain
12.3.3.9.1 Spain Microplate Reader Market By Product
12.3.3.9.2 Spain Microplate Reader Market By Application
12.3.3.9.3 Spain Microplate Reader Market By End user
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Microplate Reader Market By Product
12.3.3.10.2 Netherlands Microplate Reader Market By Application
12.3.3.10.3 Netherlands Microplate Reader Market By End user
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Microplate Reader Market By Product
12.3.3.11.2 Switzerland Microplate Reader Market By Application
12.3.3.11.3 Switzerland Microplate Reader Market By End user
12.3.3.1.12 Austria
12.3.3.12.1 Austria Microplate Reader Market By Product
12.3.3.12.2 Austria Microplate Reader Market By Application
12.3.3.12.3 Austria Microplate Reader Market By End user
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Microplate Reader Market By Product
12.3.3.13.2 Rest of Western Europe Microplate Reader Market By Application
12.3.3.13.3 Rest of Western Europe Microplate Reader Market By End user
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Microplate Reader Market by Country
12.4.3 Asia-Pacific Microplate Reader Market By Product
12.4.4 Asia-Pacific Microplate Reader Market By Application
12.4.5 Asia-Pacific Microplate Reader Market By End user
12.4.6 China
12.4.6.1 China Microplate Reader Market By Product
12.4.6.2 China Microplate Reader Market By Application
12.4.6.3 China Microplate Reader Market By End user
12.4.7 India
12.4.7.1 India Microplate Reader Market By Product
12.4.7.2 India Microplate Reader Market By Application
12.4.7.3 India Microplate Reader Market By End user
12.4.8 Japan
12.4.8.1 Japan Microplate Reader Market By Product
12.4.8.2 Japan Microplate Reader Market By Application
12.4.8.3 Japan Microplate Reader Market By End user
12.4.9 South Korea
12.4.9.1 South Korea Microplate Reader Market By Product
12.4.9.2 South Korea Microplate Reader Market By Application
12.4.9.3 South Korea Microplate Reader Market By End user
12.4.10 Vietnam
12.4.10.1 Vietnam Microplate Reader Market By Product
12.4.10.2 Vietnam Microplate Reader Market By Application
12.4.10.3 Vietnam Microplate Reader Market By End user
12.4.11 Singapore
12.4.11.1 Singapore Microplate Reader Market By Product
12.4.11.2 Singapore Microplate Reader Market By Application
12.4.11.3 Singapore Microplate Reader Market By End user
12.4.12 Australia
12.4.12.1 Australia Microplate Reader Market By Product
12.4.12.2 Australia Microplate Reader Market By Application
12.4.12.3 Australia Microplate Reader Market By End user
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Microplate Reader Market By Product
12.4.13.2 Rest of Asia-Pacific Microplate Reader Market By Application
12.4.13.3 Rest of Asia-Pacific Microplate Reader Market By End user
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Microplate Reader Market by Country
12.5.2.2 Middle East Microplate Reader Market By Product
12.5.2.3 Middle East Microplate Reader Market By Application
12.5.2.4 Middle East Microplate Reader Market By End user
12.5.2.5 UAE
12.5.2.5.1 UAE Microplate Reader Market By Product
12.5.2.5.2 UAE Microplate Reader Market By Application
12.5.2.5.3 UAE Microplate Reader Market By End user
12.5.2.6 Egypt
12.5.2.6.1 Egypt Microplate Reader Market By Product
12.5.2.6.2 Egypt Microplate Reader Market By Application
12.5.2.6.3 Egypt Microplate Reader Market By End user
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Microplate Reader Market By Product
12.5.2.7.2 Saudi Arabia Microplate Reader Market By Application
12.5.2.7.3 Saudi Arabia Microplate Reader Market By End user
12.5.2.8 Qatar
12.5.2.8.1 Qatar Microplate Reader Market By Product
12.5.2.8.2 Qatar Microplate Reader Market By Application
12.5.2.8.3 Qatar Microplate Reader Market By End user
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Microplate Reader Market By Product
12.5.2.9.2 Rest of Middle East Microplate Reader Market By Application
12.5.2.9.3 Rest of Middle East Microplate Reader Market By End user
12.5.3 Africa
12.5.3.1 Africa Microplate Reader Market by Country
12.5.3.2 Africa Microplate Reader Market By Product
12.5.3.3 Africa Microplate Reader Market By Application
12.5.3.4 Africa Microplate Reader Market By End user
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Microplate Reader Market By Product
12.5.3.5.2 Nigeria Microplate Reader Market By Application
12.5.3.5.3 Nigeria Microplate Reader Market By End user
12.5.3.6 South Africa
12.5.3.6.1 South Africa Microplate Reader Market By Product
12.5.3.6.2 South Africa Microplate Reader Market By Application
12.5.3.6.3 South Africa Microplate Reader Market By End user
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Microplate Reader Market By Product
12.5.3.7.2 Rest of Africa Microplate Reader Market By Application
12.5.3.7.3 Rest of Africa Microplate Reader Market By End user
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Microplate Reader Market by country
12.6.3 Latin America Microplate Reader Market By Product
12.6.4 Latin America Microplate Reader Market By Application
12.6.5 Latin America Microplate Reader Market By End user
12.6.6 Brazil
12.6.6.1 Brazil Microplate Reader Market By Product
12.6.6.2 Brazil Microplate Reader Market By Application
12.6.6.3 Brazil Microplate Reader Market By End user
12.6.7 Argentina
12.6.7.1 Argentina Microplate Reader Market By Product
12.6.7.2 Argentina Microplate Reader Market By Application
12.6.7.3 Argentina Microplate Reader Market By End user
12.6.8 Colombia
12.6.8.1 Colombia Microplate Reader Market By Product
12.6.8.2 Colombia Microplate Reader Market By Application
12.6.8.3 Colombia Microplate Reader Market By End user
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Microplate Reader Market By Product
12.6.9.2 Rest of Latin America Microplate Reader Market By Application
12.6.9.3 Rest of Latin America Microplate Reader Market By End user
13. Company Profiles
13.1 Thermo Fisher Scientific, Inc.
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Product/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 PerkinElmer, Inc.
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Product / Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Lonza
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Product / Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Agilent Technologies, Inc.
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Product / Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Berthold Technologies GmbH & Co. KG
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Product/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Danaher Corporation
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Product/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Promega Corporation
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Product/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Bio-Rad Laboratories
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Product/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 BMG Labtech
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Product/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Enzo Life Sciences
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Product/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
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