PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1568169
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1568169
Microplate Readers
Global Microplate Readers Market to Reach US$814.3 Million by 2030
The global market for Microplate Readers estimated at US$523.5 Million in the year 2023, is expected to reach US$814.3 Million by 2030, growing at a CAGR of 6.5% over the analysis period 2023-2030. Single-Mode Readers, one of the segments analyzed in the report, is expected to record a 6.1% CAGR and reach US$489.2 Million by the end of the analysis period. Growth in the Multi-Mode Readers segment is estimated at 7.1% CAGR over the analysis period.
The U.S. Market is Estimated at US$137.6 Million While China is Forecast to Grow at 6.3% CAGR
The Microplate Readers market in the U.S. is estimated at US$137.6 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$130.5 Million by the year 2030 trailing a CAGR of 6.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.0% and 5.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.
Global Microplate Readers Market - Key Trends & Drivers Summarized
How Are Microplate Readers Revolutionizing Laboratory Testing?
Microplate readers have become indispensable tools in laboratories, enabling high-throughput analysis of biological, chemical, and pharmaceutical samples. These devices are primarily used for detecting biological, chemical, or physical events in samples contained in microtiter plates. Capable of handling various assays such as enzyme-linked immunosorbent assays (ELISAs), nucleic acid quantification, and protein analysis, microplate readers streamline laboratory workflows and increase accuracy in data collection. In drug discovery, these devices are crucial for high-throughput screening, allowing researchers to analyze thousands of compounds rapidly. They are also essential in diagnostic labs where they help detect biomarkers, pathogens, or other molecular components with a high degree of sensitivity and precision. The growing adoption of microplate readers is transforming laboratory testing by providing fast, automated, and highly reliable results across numerous scientific and clinical fields.
What Technological Innovations Are Shaping the Microplate Readers Market?
Technological advancements in microplate readers are continually enhancing their performance and expanding their applications. Modern microplate readers now feature multimode capabilities, integrating absorbance, fluorescence, luminescence, and even imaging technologies into a single platform. This versatility allows laboratories to conduct multiple types of assays on a single device, improving efficiency and reducing costs. Advancements in optical systems, including LED light sources and photomultiplier tubes (PMTs), have greatly improved the sensitivity and dynamic range of these readers, making them more accurate in detecting low-concentration signals. Additionally, software enhancements have provided researchers with more robust data analysis tools, allowing for real-time monitoring, kinetic measurements, and high-content screening. Automation features, such as robotic plate handling and stacker systems, have also made these devices essential for high-throughput applications in pharmaceutical and biotech industries. These innovations continue to expand the role of microplate readers in life sciences and clinical diagnostics.
How Is Changing Consumer Demand Impacting the Adoption of Microplate Readers?
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Microplate Readers - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- 2. FOCUS ON SELECT PLAYERS
III. MARKET ANALYSIS
IV. COMPETITION
