REPORT SCOPE & OVERVIEW
The Microplate Reader Market size was estimated USD 453.7 million in 2022 and is expected to reach USD 815.2 million by 2030 at a CAGR of 7.6% during the forecast period of 2023-2030.
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.
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MARKET DYNAMICS
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.
IMPACT OF RUSSIAN UKRAINE WAR
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 2022, although fell in the later half of that year.
KEY SEGMENTS
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 2022, 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
Drug Discovery
Clinical Diagnostics
Others
In 2022, 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
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In 2022, 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.
REGIONAL ANALYSES
North America held a significant market share of over 40.2% in 2022 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.
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
Key Players
The major key players are Danaher Corporation, Thermo Fisher Scientific, Inc., BMG Labtech, PerkinElmer, Inc., Promega Corporation, Bio-Rad Laboratories, Lonza, Agilent Technologies, Inc., Enzo Life Sciences, Berthold Technologies GmbH & Co. KG, and Others.
Danaher Corporation-Company Financial Analysis
RECENT DEVELOPMENT
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 2022 | US$ 453.7 Million |
| Market Size by 2030 | US$ 815.2 Million |
| CAGR | CAGR of 7.6 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| 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 | Danaher Corporation, Thermo Fisher Scientific, Inc., BMG Labtech, PerkinElmer, Inc., Promega Corporation, Bio-Rad Laboratories, Lonza, Agilent Technologies, Inc., Enzo Life Sciences, Berthold Technologies GmbH & Co. KG |
| Key Drivers | • Increasing Healthcare Concerns • Use in a Variety of Applications |
| Market Opportunity | • Expanding Investments and Advancements Create Opportunities |
Ans: USD 815.2 million is expected to grow by 2030.
Ans: Microplate Reader Market size was valued at USD 453.7 million in 2022.
Ans: Microplate Reader Market is anticipated to expand by 7.6% from 2023 to 2030.
Ans: growing healthcare Issues and usage for various applications.
Ans: North America held a significant market share of around 40.2% in 2022
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Microplate Reader Market Segmentation, By Product
8.1Single-mode Readers
8.1.1Absorbance Microplate Readers
8.1.2Fluorescence Microplate Readers
8.1.3Luminescence Microplate Readers
8.1.4Others
8.2Multi-mode Readers
8.2.1Filter-based Microplate Readers
8.2.2Monochromator-based Microplate Readers
8.2.3Hybrid Microplate Readers
9. Microplate Reader Market Segmentation, By Application
9.1Genomics & Proteomics Research
9.2Drug Discovery
9.3Clinical Diagnostics
9.4Others
10. Microplate Reader Market Segmentation, By End User
10.1Pharmaceutical & Biotechnology Companies & CROs
10.2Academic & Research Institutions
10.3Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Microplate Reader Market by Country
11.2.2North America Microplate Reader Market by Product
11.2.3 North America Microplate Reader Market by Application
11.2.4 North America Microplate Reader Market by End User
11.2.5 USA
11.2.5.1 USA Microplate Reader Market by Product
11.2.5.2 USA Microplate Reader Market by Application
11.2.5.3 USA Microplate Reader Market by End User
11.2.6 Canada
11.2.6.1 Canada Microplate Reader Market by Product
11.2.6.2 Canada Microplate Reader Market by Application
11.2.6.3 Canada Microplate Reader Market by End User
11.2.7 Mexico
11.2.7.1 Mexico Microplate Reader Market by Product
11.2.7.2 Mexico Microplate Reader Market by Application
11.2.7.3 Mexico Microplate Reader Market by End User
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Microplate Reader Market by Country
11.3.1.2 Eastern Europe Microplate Reader Market by Product
11.3.1.3 Eastern Europe Microplate Reader Market by Application
11.3.1.4 Eastern Europe Microplate Reader Market by End User
11.3.1.5 Poland
11.3.1.5.1 Poland Microplate Reader Market by Product
11.3.1.5.2 Poland Microplate Reader Market by Application
11.3.1.5.3 Poland Microplate Reader Market by End User
11.3.1.6 Romania
11.3.1.6.1 Romania Microplate Reader Market by Product
11.3.1.6.2 Romania Microplate Reader Market by Application
11.3.1.6.4 Romania Microplate Reader Market by End User
11.3.1.7 Turkey
11.3.1.7.1 Turkey Microplate Reader Market by Product
11.3.1.7.2 Turkey Microplate Reader Market by Application
11.3.1.7.3 Turkey Microplate Reader Market by End User
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Microplate Reader Market by Product
11.3.1.8.2 Rest of Eastern Europe Microplate Reader Market by Application
11.3.1.8.3 Rest of Eastern Europe Microplate Reader Market by End User
11.3.2 Western Europe
11.3.2.1 Western Europe Microplate Reader Market by Product
11.3.2.2 Western Europe Microplate Reader Market by Application
11.3.2.3 Western Europe Microplate Reader Market by End User
11.3.2.4 Germany
11.3.2.4.1 Germany Microplate Reader Market by Product
11.3.2.4.2 Germany Microplate Reader Market by Application
11.3.2.4.3 Germany Microplate Reader Market by End User
11.3.2.5 France
11.3.2.5.1 France Microplate Reader Market by Product
11.3.2.5.2 France Microplate Reader Market by Application
11.3.2.5.3 France Microplate Reader Market by End User
11.3.2.6 UK
11.3.2.6.1 UK Microplate Reader Market by Product
11.3.2.6.2 UK Microplate Reader Market by Application
11.3.2.6.3 UK Microplate Reader Market by End User
11.3.2.7 Italy
11.3.2.7.1 Italy Microplate Reader Market by Product
11.3.2.7.2 Italy Microplate Reader Market by Application
11.3.2.7.3 Italy Microplate Reader Market by End User
11.3.2.8 Spain
11.3.2.8.1 Spain Microplate Reader Market by Product
11.3.2.8.2 Spain Microplate Reader Market by Application
11.3.2.8.3 Spain Microplate Reader Market by End User
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Microplate Reader Market by Product
11.3.2.9.2 Netherlands Microplate Reader Market by Application
11.3.2.9.3 Netherlands Microplate Reader Market by End User
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Microplate Reader Market by Product
11.3.2.10.2 Switzerland Microplate Reader Market by Application
11.3.2.10.3 Switzerland Microplate Reader Market by End User
11.3.2.11.1 Austria
11.3.2.11.2 Austria Microplate Reader Market by Product
11.3.2.11.3 Austria Microplate Reader Market by Application
11.3.2.11.4 Austria Microplate Reader Market by End User
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Microplate Reader Market by Product
11.3.2.12.2 Rest of Western Europe Microplate Reader Market by Application
11.3.2.12.3 Rest of Western Europe Microplate Reader Market by End User
11.4 Asia-Pacific
11.4.1 Asia-Pacific Microplate Reader Market by Country
11.4.2 Asia-Pacific Microplate Reader Market by Product
11.4.3 Asia-Pacific Microplate Reader Market by Application
11.4.4 Asia-Pacific Microplate Reader Market by End User
11.4.5 China
11.4.5.1 China Microplate Reader Market by Product
11.4.5.2 China Microplate Reader Market by End User
11.4.5.3 China Microplate Reader Market by Application
11.4.6 India
11.4.6.1 India Microplate Reader Market by Product
11.4.6.2 India Microplate Reader Market by Application
11.4.6.3 India Microplate Reader Market by End User
11.4.7 Japan
11.4.7.1 Japan Microplate Reader Market by Product
11.4.7.2 Japan Microplate Reader Market by Application
11.4.7.3 Japan Microplate Reader Market by End User
11.4.8 South Korea
11.4.8.1 South Korea Microplate Reader Market by Product
11.4.8.2 South Korea Microplate Reader Market by Application
11.4.8.3 South Korea Microplate Reader Market by End User
11.4.9 Vietnam
11.4.9.1 Vietnam Microplate Reader Market by Product
11.4.9.2 Vietnam Microplate Reader Market by Application
11.4.9.3 Vietnam Microplate Reader Market by End User
11.4.10 Singapore
11.4.10.1 Singapore Microplate Reader Market by Product
11.4.10.2 Singapore Microplate Reader Market by Application
11.4.10.3 Singapore Microplate Reader Market by End User
11.4.11 Australia
11.4.11.1 Australia Microplate Reader Market by Product
11.4.11.2 Australia Microplate Reader Market by Application
11.4.11.3 Australia Microplate Reader Market by End User
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Microplate Reader Market by Product
11.4.12.2 Rest of Asia-Pacific Microplate Reader Market by Application
11.4.12.3 Rest of Asia-Pacific Microplate Reader Market by End User
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Microplate Reader Market by Country
11.5.1.2 Middle East Microplate Reader Market by Product
11.5.1.3 Middle East Microplate Reader Market by Application
11.5.1.4 Middle East Microplate Reader Market by End User
11.5.1.5 UAE
11.5.1.5.1 UAE Microplate Reader Market by Product
11.5.1.5.2 UAE Microplate Reader Market by Application
11.5.1.5.3 UAE Microplate Reader Market by End User
11.5.1.6 Egypt
11.5.1.6.1 Egypt Microplate Reader Market by Product
11.5.1.6.2 Egypt Microplate Reader Market by Application
11.5.1.6.3 Egypt Microplate Reader Market by End User
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Microplate Reader Market by Product
11.5.1.7.2 Saudi Arabia Microplate Reader Market by Application
11.5.1.7.3 Saudi Arabia Microplate Reader Market by End User
11.5.1.8 Qatar
11.5.1.8.1 Qatar Microplate Reader Market by Product
11.5.1.8.2 Qatar Microplate Reader Market by Application
11.5.1.8.3 Qatar Microplate Reader Market by End User
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Microplate Reader Market by Product
11.5.1.9.2 Rest of Middle East Microplate Reader Market by Application
11.5.1.9.3 Rest of Middle East Microplate Reader Market by End User
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by Country
11.5.2.2 Africa Microplate Reader Market by Product
11.5.2.3 Africa Microplate Reader Market by Application
11.5.2.4 Africa Microplate Reader Market by End User
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Microplate Reader Market by Product
11.5.2.5.2 Nigeria Microplate Reader Market by Application
11.5.2.5.3 Nigeria Microplate Reader Market by End User
11.5.2.6 South Africa
11.5.2.6.1 South Africa Microplate Reader Market by Product
11.5.2.6.2 South Africa Microplate Reader Market by Application
11.5.2.6.3 South Africa Microplate Reader Market by End User
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Microplate Reader Market by Product
11.5.2.7.2 Rest of Africa Microplate Reader Market by Application
11.5.2.7.3 Rest of Africa Microplate Reader Market by End User
11.6 Latin America
11.6.1 Latin America Microplate Reader Market by Country
11.6.2 Latin America Microplate Reader Market by Product
11.6.3 Latin America Microplate Reader Market by Application
11.6.4 Latin America Microplate Reader Market by End User
11.6.5 Brazil
11.6.5.1 Brazil Microplate Reader Market by Product
11.6.5.2 Brazil Microplate Reader Market by Application
11.6.5.3 Brazil Microplate Reader Market by End User
11.6.6 Argentina
11.6.6.1 Argentina Microplate Reader Market by Product
11.6.6.2 Argentina Microplate Reader Market by Application
11.6.6.3 Argentina Microplate Reader Market by End User
11.6.7 Colombia
11.6.7.1 Colombia Microplate Reader Market by Product
11.6.7.2 Colombia Microplate Reader Market by Application
11.6.7.3 Colombia Microplate Reader Market by End User
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Microplate Reader Market by Product
11.6.8.2 Rest of Latin America Microplate Reader Market by Application
11.6.8.3 Rest of Latin America Microplate Reader Market by End User
12. Company profile
12.1 Danaher Corporation
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Thermo Fisher Scientific, Inc.
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 BMG Labtech
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 PerkinElmer, Inc.
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 LGC Biosearch Technologies
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Promega Corporation
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Bio-Rad Laboratories
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Lonza
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Agilent Technologies, Inc.
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Enzo Life Sciences
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Berthold Technologies GmbH & Co. KG
12.11.1 Company Overview
12.11.2 Financials
12.11.3 Product/Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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