Microplate Readers Market Analysis
Microplate readers, also known as microplate photometers, are laboratory instruments used to detect chemical or physical events of samples in microtiter plates. These plates are used in various research experiments, such as bioassay validation, drug discovery, quality control, and academic organizations in the biotechnological and pharmaceutical industries. Microplate readers measure emitted light to detect physical, chemical, or biological reactions, and help minimize operational time, reduce costs, and facilitate researchers with easy data analysis through the generation of actionable results. Common detection modes for microplate assays include fluorescence, absorbance, luminescence, fluorescence polarization, time-resolved fluorescence, and others. The microtiter plates can range in size from 6 to 1536 wells, with higher density microplates typically used for advanced screening applications with a typical assay volume of 5-50 µl per well. Multimode plate readers can perform a wide range of applications, including protein and cell growth assays, ELISA, reporter assays, molecular interactions, enzyme activity, ATP quantification, immunoassays, and others.
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Market Dynamics
The rising incidence of infectious diseases has created a need for rapid and efficient development of therapeutics, vaccines, and medications, leading to an increased demand for microplate readers. High throughput screening is necessary for drug development for vector-borne diseases like influenza, and this is expected to drive the growth of the global microplate readers market. The World Health Organization (WHO) reported a significant increase in the incidence of dengue in 2017, with approximately 390 million dengue infections occurring worldwide annually. The International Journal of Nanomedicine estimates that there were 212 million malaria cases globally in 2015, resulting in 429,000 deaths. Additionally, investment in research and development to upgrade laboratories with advanced technologies to speed up the drug development process is expected to propel the growth of the global microplate readers market. For example, in September 2016, Biocon’s contract research arm, Syngene International, established the Amgen Research and Development Center (SARC), a multi-disciplinary development center and drug discovery research laboratory for Amgen in Bengaluru. However, the market growth of microplate readers is expected to be hindered by the high penetration of alternative methods for biological procedure detection.
Competitive Landscape
Thermo Fisher Scientific, Inc., PerkinElmer, Inc., MDS Analytical Technologies, Corning, Grenier Bio-One, Tecan, BioTek Instruments, Inc., BMG LABTECH GmbH Instruments, Inc., and other companies are among the key players in the global microplate readers market. These players are primarily focused on providing advanced technological products to maintain their market position. For example, BioTek Instruments, Inc. introduced the next-generation 800 TS microplate reader and 50s washer with a color touchscreen interface and easily programmable onboard software in August 2017, expanding the application base of microplate readers to kinetic assays such as biomagnetic separation.
Market Taxonomy
The worldwide microplate readers market is divided according to well type into:
- 96-Wells
- 384-Wells
- 1536-Wells
- Others
The global market for microplate readers is divided into the following categories based on reader type:
- Single Mode Readers
- Multi-Mode Readers
The following categories of end users make up the worldwide microplate readers market:
- Biotechnology and Pharmaceutical Companies
- Research Institutes
- Contract Research Organizations (CROs)
- Others
On the basis of region, the worldwide microplate readers market is split into:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
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Regional Insights
The global microplate readers market is categorized into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa based on the region. North America dominates the global microplate readers market and is expected to maintain its leading position throughout the forecast period. The increased prevalence of epidemic diseases and the need for early diagnosis and treatment of diseases contribute to this dominance. According to the Centers for Disease Control and Prevention (CDC) in 2017, vector-borne disease cases in the U.S. tripled from 2004 to 2016. Additionally, the shift of scientific bio-labs towards automated tools for conducting various assays is also driving the growth of the global microplate readers market in the North American region. Hudson Robotics, Inc. introduced the SOLO Automated ELISA Workstation in 2012, which included liquid handlers and microplate readers as a simple, low-cost, and effective ELISA preparation workstation that supports serial dilutions to study concentration-dependent effects.
Moreover, significant growth is expected in the Asia Pacific region, driven by advancements in healthcare infrastructure and increasing investments in research and development by regional pharmaceutical and biotechnology companies. For instance, in October 2016, Sun Pharma, an Indian pharmaceutical company, announced its plans to enhance its research and development capabilities by investing in a new R&D unit in Madhya Pradesh, India.
Table of Contents with Major Points:
Executive Summary
- Introduction
- Key Findings
- Recommendations
- Definitions and Assumptions
Market Overview
- Definition of Microplate Readers Market
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Trends and Developments
Key Insights
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Microplate Readers Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
Conclusion
Appendix
- Data Sources
- Abbreviations
- Disclaimer
TOC Continued…!
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