Automated Plate Readers Market Outlook 2031
The global automated plate readers market size was valued at USD XX Million in 2022 and is likely to reach USD XX Million by 2031, expanding at a CAGR of 5% during the forecast period, 2023–2031. The growth of the market is attributed to the flexibility and adaptability of the 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 microplants. 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 the 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.
Automated Plate Readers Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for automated cell-based and biochemical in the biotechnology industry is projected to drive the market growth during the forecast period.
- Rising prevalence of chronic and infectious diseases is expected to boost the market growth in the coming years.
- Growing research and development initiatives is projected to drive the market growth during the forecast period.
- High cost of reagents is estimated to restrict the market growth in the coming years.
- Label-free technologies and sensitivity toward storage conditions can restrain the growth of the market.
- Rapid growth in technologies such as polymerase chain reaction (PCR) and DNA sequencing can create lucrative opportunities during the forecast period.
Scope of Automated Plate Readers Market Report
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.
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Attributes
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Details
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Report Title
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Automated Plate Readers Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Product Types (Dedicated Microplate Readers [Single-mode Readers] and Multimode Microplate Readers) and Applications (Drug Discovery, Genomics and Proteomics Research, Clinical Diagnostics and Others)
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Regions
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Thermo Fisher Scientific; Tecan Group Ltd; Eppendorf AG; Bio-Rad; Siemens Healthcare; Bio-Tec; Shimadzu Corp.; PerkinElmer; and Danaher Corporation
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Automated Plate Readers Market Segment Insights
Multimode microplate readers segment to hold a significant market share
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.
Genomics and proteomics research segment is expected to grow at a rapid pace
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.
North America is estimated to account for a major market share
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.
Segments
The global automated plate readers market has been segmented on the basis of
Product Types
- Dedicated Microplate Readers (Single-mode Readers)
- Multimode Microplate Readers
Applications
- Drug Discovery
- Genomics and Proteomics Research
- Clinical Diagnostics
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the automated plate readers market include 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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