Microplate Readers Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of Microplate Readers Market by product (absorbance, single mode, fluorescence, multimode reader), technology (nanotechnology, microfluidics, protein engineering), application (neurology, oncology, biotechnology), end user (pathology labs, diagnostic laboratories, research lab) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the Microplate Readers Market it includes the five years Industry analysis and the 6 years annual forecast from 2018 to 2024. Some of the prominent participants in the Global Microplate Readers Market are Tecan, Thermo Fisher Scientific, Corning, MDS Analytical Technologies, Greiner Bio-One, BioTek Instruments, Inc., BMG LABTECHAccording to the report the Global Microplate Readers Market is projected to grow at a CAGR of 5.5% in terms of value over the period of 2018-2024
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Market Growth will be driven by Rising Research and Development Initiatives, Development of High-Throughput Screening (HTS) For Drug Discovery Approaches to Improve Overall Survival Rates
High occurrence of diseases such as flu, increasing patient awareness, rising research and development initiatives, development of high-throughput screening (HTS) for drug discovery, and genomic technology are important driving factors for the growth of the microplate readers market. Moreover high cost of components, label-free technologies, and sensitivity towards storage conditions are factor expected to hamper the growth of the global microplate readers market.
The report on global microplate readers market covers segments such as product, technology, application, and end-user. The product segments include absorbance reader, single mode reader, fluorescence reader and multimode reader. The multi-mode microplate segment accounted for the major shares of the microplate readers market, the comfort of operation, the provision to accommodate additional features, and the improved cost savings, will contribute to the growth of the market segment. Moreover, the launch of products with new detection modes and other features will also drive the demand for multi-mode microplate readers. On the basis of technology the global microplate readers market is categorized into biologic targeting, supramolecular chemistry, nanotechnology, microfluidics, protein engineering and others. Furthermore, on the basis of application the microplate readers market is segmented as neurology, oncology, biotechnology and others. Biotechnology is a growing segment due to increasing resources in research and technology. On the basis of end-user the microplate readers market, is segmented as pathology labs, diagnostic laboratories, life sciences and research lab and others.
The U.S. Drives the Growth in the North America Region As it is the Largest Market in the Region
he report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2016 – 2024. North America dominates the global microplate readers market due to rising frequency of epidemic diseases and early phase diagnosis and treatment of diseases, the increase in funding for the development of research and robust key players in these regions are driving the growth of the market for microplate readers in North America. The countries covered in the North America region include the U.S., Canada, and Mexico; The U.S. drives the growth in the North America region as it is the largest market in the region. While Asia-Pacific is includes China, Japan, India, South Korea and Malaysia among others. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China due to The U.S. drives the growth in the North America region as it is the largest market in the region due to increasing population, changing lifestyle, growing awareness among patients, and increasing per capita expenditure. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018 – 2024.
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Major Key Players Covered in this Premium Report
The report provides profiles of the companies in the global microplate readers market such as, PerkinElmer, Inc., Tecan, Thermo Fisher Scientific, Corning, MDS Analytical Technologies, Greiner Bio-One, BioTek Instruments, Inc., BMG LABTECH, and Others.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global microplate readers market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of microplate readers market.
Moreover, the study highlights current market trends and provides forecast from 2018 to 2024. We also have highlighted future trends in the microplate readers market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the microplate readers market to understand the present and future trends in this market and formulate their strategies accordingly.