The global automated plate readers market size is anticipated to expand at a significant CAGR during the forecast period, 2021-2028. The growth of the market is attributed to flexibility and adaptability of lab automation system.
Plate readers are also known as microplate readers or microplate photometers. Microplate readers are used for measuring chemical, biological, and physical reactions and properties. Types of microplate readers include absorbance detection, fluorescence detection, luminescence detection, and light scattering detection. Absorbance detection is used for plate readers for measuring protein & other activities and examine the sample. Fluorescence detection is used for detecting micro plate. It is more expensive than absorbance detection. The main advantage of fluorescence detection is to detect the sample with proper range as per the sample size. Luminescence detection is operated without a light source and they are used for reading the sample. With the help of a micro plate, light scattering detection is operated by passing the ray of light through the sample.
During COVID-19 pandemic, the medical supplies were affected due to supply chain disruption. However, increasing demand for personal protective equipment such as masks, gloves, and protective eyeglasses can fuel the growth of the market.
The report on the global automated plate readers market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes | Details |
Report Title | Automated Plate Readers Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2020 |
Historic Data | 2018–2019 |
Forecast Period | 2021–2028 |
Segmentation | Product Types (Dedicated Microplate Readers [Single-mode Readers] and Multimode Microplate Readers) and Applications (Drug Discovery, Genomics and Proteomics Research, Clinical Diagnostics and Others) |
Regions | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | Thermo Fisher Scientific; Tecan Group Ltd; Eppendorf AG; Bio-Rad; Siemens Healthcare; Bio-Tec; Shimadzu Corp.; PerkinElmer; and Danaher Corporation |
Based on product types, the market is divided into dedicated microplate readers and multimode microplate readers. The dedicated microplate reader segment includes single-mode readers. The dedicated microplate readers segment is anticipated to hold a key share of the market in the coming years. However, the multimode microplate readers segment is anticipated to expand at a rapid pace during the forecast period owing to wider range of detection technologies at a fraction of the cost of multiple dedicated instruments.
On the basis of applications, the market is divided into drug discovery, genomics and proteomics research, clinical diagnostics, and others. The clinical diagnostics segment is expected to represent a major share of the market in the coming years. However, the genomics and proteomics research segment is anticipated to expand at a rapid pace during the forecast period owing to better diagnosis of disease, early detection of certain diseases, and gene therapy and control systems for drugs.
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period due to high level of merger and acquisition activities and many high-value deals. Moreover, increasing funding for the development of research and health care infrastructure is estimated to spur the segment growth. However, the market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to increasing outsourcing pharmaceutical manufacturing, due to the availability of cheaper resources and labors.
Key players competing in the automated plate readers market includes Thermo Fisher Scientific; Tecan Group Ltd; Eppendorf AG; Bio-Rad; Siemens Healthcare; Bio-Tec; Shimadzu Corp.; PerkinElmer; and Danaher Corporation.
Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.
Key players competing in the automated plate readers market includes Thermo Fisher Scientific; Tecan Group Ltd; Eppendorf AG; Bio-Rad; Siemens Healthcare; Bio-Tec; Shimadzu Corp.; PerkinElmer; and Danaher Corporation.
Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.
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