Global Microplate Reader Market Forecast to 2027 – COVID-19 Impact and Analysis – ResearchAndMarkets.com

Global Microplate Reader Market Forecast to 2027 – COVID-19 Impact and Analysis – ResearchAndMarkets.com




Global Microplate Reader Market Forecast to 2027 – COVID-19 Impact and Analysis – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Microplate Reader Market Forecast to 2027 – COVID-19 Impact and Global Analysis By Type, Application, and End User” report has been added to ResearchAndMarkets.com’s offering.

According to this report the global microplate reader market is expected to reach US$ 704.4 million by 2027 from US$ 534.5 million in 2019; it is estimated to grow at a CAGR of 3.6% from 2020 to 2027.

The report highlights trends prevailing in the market, and the factors driving and hindering the market growth. The growth of the overall microplate reader market is attributed to the increasing research and development activities in the pharmaceuticals industry and mounting incidence of infectious diseases. However, high cost of advanced microplate readers is the major factor hindering the market growth.

On the basis of type, the microplate reader market is segmented into single-mode microplate readers and multi-mode microplate readers. The single-mode microplate readers segment is further segmented into absorbance plate readers, fluorescence plate readers, and luminescence plate readers. The multi-mode microplate readers segment is subsegmented as filter-based readers, monochromator-based readers, and hybrid readers. The single-mode microplate readers segment held a larger market share in 2019, and the multi-mode microplate reader segment is estimated to register a higher CAGR during the forecast period. The rising number of research and development activities for the management of chronic conditions, and accelerating pace of drug discoveries offer lucrative opportunities for the growth of the multi-mode microplate reader market.

The microplate reader market is witnessing considerable growth amid the COVID-19 pandemic. Surge in research and development, and diagnostics activities pertaining to the novel coronavirus is a key factor propelling the market growth. In addition, emphasis on vaccine development across the world is also estimated to offer lucrative opportunities for the market growth.

Reasons to Buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the microplate reader market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global microplate reader market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

Market Dynamics

Drivers

  • Increasing Research and Development in Pharmaceutical Industry
  • Increasing Incidence of Infectious Diseases

Restraints

  • High Cost of Advanced Microplate Reader

Opportunities

  • Consistent Research in Drug Discovery Activities

Future Trends

  • Technological Advancement in Microplate Readers

Companies Mentioned

  • Biotek Instruments, Inc.
  • Hercuvan Lab Systems
  • Molecular Devices, LLC
  • Thermo Fisher Scientific
  • BMG Labtech
  • Promega Corporation
  • PerkinElmer Inc.
  • Bio-Rad Laboratories, Inc.
  • Tecan Trading AG
  • Lonza

For more information about this report visit https://www.researchandmarkets.com/r/lk06sw.

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