North America Microplate Reader Market Key Players and Opportunities by 2027

Historic Data: 2017-2018   |   Base Year: 2019   |   Forecast Period: 2020-2027

North America Microplate Reader Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Single-Mode Microplate Readers, and Multi-Mode Microplate Readers), Application (Genomics & Proteomics Research, Drug Discovery, Clinical Diagnostics, and Other), and End User (Hospital & Diagnostic Laboratories, Biotechnology & Pharmaceutical Companies, and Research & Academic Institutes)

  • Report Code : TIPRE00022201
  • Category : Life Sciences
  • No. of Pages : 113
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The North America microplate readers market is expected to reach US$ 322.75 million by 2027 from US$ 240.51 million in 2019; it is estimated to grow at a CAGR of 3.8% from 2020 to 2027.

The growth of the market is attributed to some key driving factors such as increasing research and development in the pharmaceutical industry and rising development of personalized medicine leading to demand for genetic studies. However, high cost of advanced microplate reader is the major factor hindering the market growth.

A microplate reader is laboratory machine used to estimate bio-chemical or physical reactions, properties, and analytes within the microplate well. It reduces operational time to save reagent costs, allowing researchers to commit more time to data analysis and create actionable insights. Pharmaceutical R&D is gaining attraction worldwide owing to the rising focus on drug discovery. The US biopharmaceutical industry has been the world leader in the development of new therapeutics. As per the Pharmaceutical Research and Manufacturers of America (PhRMA), the biopharmaceutical industry invested US$83 billion in R&D in 2019. The increasing demand for new approaches in drug discovery is bolstering the growth of microplate readers. Various companies are developing microplate readers for the drug discovery process to make the research process easier and faster. Moreover, pharmaceutical companies are investing heavily in the drug discovery, gene sequencing, and development of targeted protein to meet the growing demand of the healthcare sector. Further, the development of personalized medicine is leading to increasing demand for genetic studies, which, in turn is likely to contribute to the growth of the microplate reader market

The outbreak has highly affected the North American region. Currently, the COVID-19 diagnostic testing industry is witnessing upsurge on account of a growing number of cases coupled with the increasing emergency use authorizations from the regulatory bodies. In addition, several diagnostic companies are engaged in the development of COVID-19 point-of-care rapid diagnostics tests having higher sensitivity and low turn-around time, which is restricting the microplate reader market. Increasing research activities in the region are driving the growth of the microplate reader in the forecast period.
microplate reader market

  • This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

NORTH AMERICA MICROPLATE READER MARKET SEGMENTATION

By Type

  • Single-Mode Microplate Reader
    • Absorbance Plate Readers
    • Fluorescence Plate Readers
    • Luminescence Plate Readers
  • Multi-Mode Microplate Reader
    • Filter-Based Readers
    • Monochromator-Based Readers
    • Hybrid Readers

By Application

  • Genomics & Proteomics Research
  • Drug Discovery
  • Clinical Diagnostics
  • Other

By End User

  • Pharmaceutical & Biotechnology Companies
  • Research & Academic Institutes
  • Hospital & Diagnostic Laboratories

By Country

  • US
  • Canada
  • Mexico

Company Profiles

  • BioTek Instruments, Inc
  • Hercuvan Lab Systems
  • Molecular Devices, LLC
  • THERMO FISHER SCIENTIFIC INC
  • BMG LABTECH
  • Promega Corporation
  • PerkinElmer Inc.
  • BIO-RAD LABORATORIES INC
  • Tecan Trading AG
  • Lonza

North America Microplate Reader Report Scope

Report Attribute Details
Market size in 2019 US$ 240.51 Million
Market Size by 2027 US$ 322.75 Million
Global CAGR (2020 - 2027) 3.8%
Historical Data 2017-2018
Forecast period 2020-2027
Segments Covered By Type
  • Single-Mode Microplate Readers
  • Multi-Mode Microplate Readers
By Application
  • Genomics & Proteomics Research
  • Drug Discovery
  • Clinical Diagnostics
By End User
  • Hospital & Diagnostic Laboratories
  • Biotechnology & Pharmaceutical Companies
  • Research & Academic Institutes
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • BioTek Instruments, Inc
  • Hercuvan Lab Systems
  • Molecular Devices, LLC
  • THERMO FISHER SCIENTIFIC INC
  • BMG LABTECH
  • Promega Corporation
  • PerkinElmer Inc.
  • BIO-RAD LABORATORIES INC
  • Tecan Trading AG
    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset
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    Report Coverage

    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered

    Segment Covered

    Type, Application, and End User

    Regional Scope

    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope

    Country Scope

    US, Canada

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    North America Microplate Reader Market
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    The List of Companies - North America Microplate Reader Market

    1. BioTek Instruments, Inc
    2. Hercuvan Lab Systems
    3. Molecular Devices, LLC
    4. THERMO FISHER SCIENTIFIC INC
    5. BMG LABTECH
    6. Promega Corporation
    7. PerkinElmer Inc.
    8. BIO-RAD LABORATORIES INC
    9. Tecan Trading AG
    10. Lonza

     

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