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.
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Microplate Reader Market – ByType
1.3.2 North America Microplate Reader Market – By Application
1.3.3 North America Microplate Reader Market – By End User
1.3.4 North America Microplate Reader Market – By Country
2. Microplate Reader Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Microplate Reader Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.3 Expert Opinions
5. Microplate Reader Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Research and Development in Pharmaceutical Industry
5.1.2 Increasing Incidence of Infectious Diseases
5.2 Market Restraints
5.2.1 High Cost of Advanced Microplate Reader
5.3 Market Opportunities
5.3.1 Consistent Research in Drug Discovery Activities
5.4 Future Trends
5.4.1 Technological Advancement in Microplate Readers
5.5 Impact Analysis
6. Microplate Reader Market – North America Analysis
6.1 North America Microplate Reader Market Revenue Forecast and Analysis
7. Microplate Reader Market– By Type
7.1 Overview
7.2 Microplate Reader Market Share, by Type, 2019 and 2027 (%)
7.3 Single-Mode Microplate Reader
7.3.1 Overview
7.3.2 Single-Mode Microplate Reader: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
7.3.3 Absorbance Plate Readers
7.3.3.1 Overview
7.3.3.2 Absorbance Plate Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
7.3.4 Fluorescence Plate Readers
7.3.4.1 Overview
7.3.4.2 Fluorescence Plate Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
7.3.5 Luminescence Plate Readers
7.3.5.1 Overview
7.3.5.2 Luminescence Plate Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
7.4 Multi-Mode Microplate Reader
7.4.1 Overview
7.4.2 Multi-Mode Microplate Reader: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
7.4.3 Monochromator-Based Readers
7.4.3.1 Overview
7.4.3.2 Monochromator-Based Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
7.4.4 Filter-Based Readers
7.4.4.1 Overview
7.4.4.2 Filter-Based Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
7.4.5 Hybrid Readers
7.4.5.1 Overview
7.4.5.2 Hybrid Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
8. Microplate Reader Market– By Application
8.1 Overview
8.2 Microplate Reader Market Share, by Application, 2019 and 2027 (%)
8.3 Genomics & Proteomics Research
8.3.1 Overview
8.3.2 Genomics and Proteomics Research: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
8.4 Drug Discovery
8.4.1 Overview
8.4.2 Drug Discovery: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
8.5 Clinical Diagnostics
8.5.1 Overview
8.5.2 Clinical Diagnostics: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
9. Microplate Reader Market– By End User
9.1 Overview
9.2 Microplate Reader Market Share, by End User, 2019 and 2027 (%)
9.3 Biotechnology & Pharmaceutical Companies
9.3.1 Overview
9.3.2 Biotechnology & Pharmaceutical Companies: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
9.4 Research & Academic Institutes
9.4.1 Overview
9.4.2 Research & Academic Institutes: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
9.5 Hospital & Diagnostic Laboratories
9.5.1 Overview
9.5.2 Hospital & Diagnostic Laboratories: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
10. Microplate Reader Market –North America Analysis
10.1 North America: Microplate Reader Market
10.1.1 Overview
10.1.3 North America: Microplate Reader Market, by Country, 2019 & 2027 (%)
10.1.3.1 US: Microplate Reader Market- Revenue and Forecasts to 2027 (USD Million)
10.1.3.1.1 US: Microplate Reader Market- Revenue and Forecasts to 2027 (USD Million)
10.1.3.1.2 US: Microplate Reader Market, by Type, 2018 -2027 (USD Million)
10.1.3.1.2.1 US: Microplate Reader Market, by Single-Mode Microplate Reader – Revenue and Forecast to 2027 (USD Million)
10.1.3.1.2.2 US: Microplate Reader Market, by Multi-Mode Microplate Reader– Revenue and Forecast to 2027 (USD Million)
10.1.3.1.3 US: Microplate Reader Market, by Application, 2018-2027 (USD Million)
10.1.3.1.4 US: Microplate Reader Market, by End User, 2018-2027 (USD Million)
10.1.3.2 Canada: Microplate Reader Market – Revenue and Forecast to 2027 (USD Million)
10.1.3.2.1 Canada: Microplate Reader Market – Revenue and Forecast to 2027 (USD Million)
10.1.3.2.2 Canada: Microplate Reader Market, by Type, 2018 -2027 (USD Million)
10.1.3.2.2.1 Canada: Microplate Reader Market, by Single-Mode Microplate Reader – Revenue and Forecast to 2027 (USD Million)
10.1.3.2.2.2 Canada: Microplate Reader Market, by Multi-Mode Microplate Reader– Revenue and Forecast to 2027 (USD Million)
10.1.3.2.3 Canada: Microplate Reader Market, by Application, 2018-2027 (USD Million)
10.1.3.2.4 Canada: Microplate Reader Market, by End User, 2018-2027 (USD Million)
10.1.3.3 Mexico: Microplate Reader Market – Revenue and Forecast to 2027 (USD Million)
10.1.3.3.1 Mexico Microplate Reader Market Revenue and Forecasts to 2027 (USD Million)
10.1.3.3.2 Mexico: Microplate Reader Market, by Type, 2018 -2027 (USD Million)
10.1.3.3.2.1 Mexico: Microplate Reader Market, by Single-Mode Microplate Reader – Revenue and Forecast to 2027 (USD Million)
10.1.3.3.2.2 Mexico: Microplate Reader Market, by Multi-Mode Microplate Reader– Revenue and Forecast to 2027 (USD Million)
10.1.3.3.3 Mexico: Microplate Reader Market, by Application, 2018-2027 (USD Million)
10.1.3.3.4 Mexico: Microplate Reader Market, by End User, 2018-2027 (USD Million)
11. Impact of COVID-19 Pandemic on North America Microplate Reader Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Microplate Reader Market–Industry Landscape
12.1 Overview
12.2 Organic Developments
12.2.1 Overview
13. Company Profiles
13.1 BioTek Instruments, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Hercuvan Lab Systems
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Molecular Devices, LLC.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 THERMO FISHER SCIENTIFIC INC.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 BMG LABTECH
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Promega Corporation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 PerkinElmer Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 BIO-RAD LABORATORIES INC.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Tecan Trading AG
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Lonza
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. US Microplate Reader Market, by Type– Revenue and Forecast To 2027 (USD Million)
Table 2. US Microplate Reader Market, by Single-Mode Microplate Reader– Revenue and Forecast To 2027
Table 3. US Microplate Reader Market, by Multi-Mode Microplate Reader– Revenue and Forecast To 2027
Table 4. US Microplate Reader Market, by Application – Revenue and Forecast to 2027(USD Million)
Table 5. US Microplate Reader Market, by End User – Revenue and Forecast to 2027(USD Million)
Table 6. Canada Microplate Reader Market, by Type– Revenue and Forecast To 2027 (USD Million)
Table 7. Canada Microplate Reader Market, by Single-Mode Microplate Reader– Revenue and Forecast To 2027
Table 8. Canada Microplate Reader Market, by Multi-Mode Microplate Reader– Revenue and Forecast To 2027
Table 9. Canada Microplate Reader Market, by Application – Revenue and Forecast to 2027(USD Million)
Table 10. Canada Microplate Reader Market, by End User – Revenue and Forecast to 2027(USD Million)
Table 11. Mexico Microplate Reader Market, by Type– Revenue and Forecast To 2027 (USD Million)
Table 12. Mexico Microplate Reader Market, by Single-Mode Microplate Reader– Revenue and Forecast To 2027
Table 13. Mexico Microplate Reader Market, by Multi-Mode Microplate Reader– Revenue and Forecast To 2027
Table 14. Mexico Microplate Reader Market, by Application – Revenue and Forecast to 2027(USD Million)
Table 15. Mexico Microplate Reader Market, by End User – Revenue and Forecast to 2027(USD Million)
Table 16. Organic Developments Done by Companies
Table 17. Glossary of Terms, Microplate Reader Market
LIST OF FIGURES
Figure 1. Microplate Reader Market Segmentation
Figure 2. Microplate Reader Market, By Region
Figure 3. North America Microplate Reader Market Overview
Figure 4. The Multi-Mode Microplate Reader Segment Is Expected to Grow Faster by Type Segment in Microplate Reader Market
Figure 5. The Clinical Diagnostics Segment Is Expected to Grow Faster by Application Segment in Microplate Reader Market
Figure 6. The Biotechnology and Pharmaceutical Companies Segment Is Expected to Grow Faster by End User Segment in Microplate Reader Market
Figure 7. North America Microplate Reader Market- Leading Country Markets (USD Million)
Figure 8. North America PEST Analysis
Figure 9. Microplate Reader Market Impact Analysis of Drivers and Restraint
Figure 10. North America Microplate Reader Market – Revenue Forecast and Analysis – 2019- 2027
Figure 11. Microplate Reader Market Share, by Type, 2019 and 2027 (%)
Figure 12. Single-Mode Microplate Reader: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 13. Absorbance Plate Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 14. Fluorescence Plate Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 15. Luminescence Plate Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 16. Multi-Mode Microplate Reader: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 17. Monochromator-Based Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 18. Filter-Based Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 19. Hybrid Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 20. Microplate Reader Market Share, by Application, 2019 and 2027 (%)
Figure 21. Genomics and Proteomics Research: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 22. Drug Discovery: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 23. Clinical Diagnostics: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 24. Others: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 25. Microplate Reader Market Share, by End User, 2019 and 2027 (%)
Figure 26. Biotechnology & Pharmaceutical Companies: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 27. Research & Academic Institutes: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 28. Hospital & Diagnostic Laboratories: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 29. North America: Microplate Reader Market, by Key Country - Revenue (2019) (USD Million)
Figure 30. North America: Microplate Reader Market, By Country, 2019 & 2027 (%)
Figure 31. US: Microplate Reader Market- Revenue and Forecasts to 2027 (USD Million)
Figure 32. Canada Microplate Reader Market Revenue and Forecasts To 2027 (USD Million)
Figure 33. Mexico: Microplate Reader Market – Revenue and Forecast To 2027 (USD Million)
Figure 34. Impact of COVID-19 Pandemic in North American Country Markets
The List of Companies - North America Microplate Reader Market
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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