According to a new report available on Radiant Insights, Inc.; the worldwide microplate readers market is projected to witness moderate growth over the forecast period (from 2017 to 2021). High adoption in diagnosis of various Cardiovascular Diseases (CVDs) and cancers is anticipated to drive the market at a healthy CAGR till 2021. Growing adoption of automation in healthcare sector is expected to boost the overall market. Growing focus on drug discovery and novel drug development is one of the major trends. It can further support the global market in the near future.
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A microplate reader is utilized to process and detect chemical, physical, or biological events in the cells. These readers are widely used in molecular biology research and discovery of novel treatments for Human Immunodeficiency Virus (HIV), cancer, and other deadly diseases. Growing automation levels in the healthcare industry. Rising focus on drug discovery & development by biotechnology & pharma companies is the ongoing trend that can propel the market in the forthcoming years. High prevalence of Acquired Immune Deficiency Syndrome (AIDS), cancer, HIV, and others add to the economic burden of countries. Novel therapies & drugs are required to control such diseases. This is anticipated to support the adoption of microplate readers in the years to come.
Various research institutions use microplate readers to better understand the ailments at a molecular level and to discover potential treatments. Microplate readers are multimodal (multi-detection) and user-friendly. Hence, researchers can perform manifold assay types using a single instrument. All these factors contribute to rising demand in the global market for microplate readers. Shifting focus of various research institutes & biotech companies is also anticipated to boost the expansion. However, lack of trained experts & professionals may hinder growth of the global microplate readers market over the forecast period.
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The worldwide market for microplate reader is categorized into products, end-users, and regions. According to products, the market is bifurcated into single-mode and multi-mode readers. As per end-users, the fragments are pharmaceutical & biotechnology companies and hospitals & diagnostic centers. On the basis of geographies, the global microplate readers market is divided into Americas, Europe and Middle East & Africa (EMEA), and Asia-Pacific (APAC). Some of the major companies operating in the worldwide market are PerkinElmer, Inc.; BioTek Instruments, Inc.; Awareness Technology, Inc.; Tecan Group Ltd.; Thermo Fisher Scientific; Molecular Devices, LLC.; and BMG LABTECH GmbH. Development of novel applications is one of the key growth strategies adopted by the most companies to sustain the growing global competition.
Generally utilized for intensity measurements, these readers are also used for miniscule volume samples. Tecan Group Limited’s Spark multimode microplate reader can smoothly handle complex assays or routine with a fully upgradeable and modular design. It can adapt to the current workflow and create possibilities of new assays. Its modular concept can enable users to pick just the modules that are required for the application. It can offer flexible and custom-made solutions for different laboratory budgets & assay requirements. The unique technology and software features of this microplate reader ensure can improve the productivity of labs.
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According to a new report available on Radiant Insights, Inc.; the worldwide microplate readers market is projected to witness moderate growth over the forecast period (from 2017 to 2021). High adoption in diagnosis of various Cardiovascular Diseases (CVDs) and cancers is anticipated to drive the market at a healthy CAGR till 2021. Growing adoption of automation in healthcare sector is expected to boost the overall market. Growing focus on drug discovery and novel drug development is one of the major trends. It can further support the global market in the near future.
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