We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress
Sign In
Advertise with Us
LGC Clinical Diagnostics

Download Mobile App




Events

09 Apr 2024 - 12 Apr 2024
15 Apr 2024 - 17 Apr 2024
23 Apr 2024 - 26 Apr 2024

Global Microplate Readers Market Driven by Rising Incidence of Infectious Diseases

By LabMedica International staff writers
Posted on 14 Dec 2022
Print article
Image: The global microplate readers market is expected to grow at a CAGR of around 12% from 2022-2028 (Photo courtesy of Pexels)
Image: The global microplate readers market is expected to grow at a CAGR of around 12% from 2022-2028 (Photo courtesy of Pexels)

A microplate reader is a laboratory instrument that is used to measure chemical, biological or physical reactions, properties, and analytes within the well of a microplate. A microplate consists of small wells in which separated reactions take place. These reactions convert the presence of an analyte or the progression of biochemical processes into optical signals. The microplate reader detects these signals and thus quantifies the parameter of interest. The market for microplate readers is growing on account of the rising incidence of infectious diseases and increasing adoption of automated platforms in diagnostic laboratories. As a result, the global microplate readers market which was valued at USD 550 million in 2020 is expected to grow at a CAGR of around 12% from 2022-2028. These are the latest findings of UnivDatos Markets Insights (UP, India), a market research firm.

Based on type, the multi-mode microplate readers segment accounted for the largest share of the microplate readers market in 2020 and is expected to register the highest growth during the forecast period owing to their greater flexibility, cost efficiency, and compact sized options. In addition to their fluorescence, absorbance, and luminescence capabilities, these readers also offer different configurable modes for fluorescence polarization, fluorescence resonance energy transfer, etc. Based on application, the genomics & proteomics segment held the largest share of the microplate readers market in 2020 due to an increase in genomics & proteomics research activities, and the availability of a variety of reagent kits and microplate assays for protein library screening and assessment of cell viability. However, the drug discovery segment is also expected to register a strong CAGR during the forecast period.

Based on end-users, the pharmaceutical & biotechnology companies segment accounted for the largest share of the microplate readers market in 2020 and is expected to register the highest growth during the forecast period owing to growing research & development activities in these companies and increasing government support & funding for biotech and pharma research. Geographically, the microplate readers market in North America is expected to register the highest growth during the forecast period due to the well-established healthcare infrastructure, presence of numerous biopharmaceutical and pharmaceutical companies in the region, and increasing focus on drug discovery and higher R&D investments by various pharmaceutical key players.

Related Links:
UnivDatos Markets Insights

Platinum Member
COVID-19 Rapid Test
OSOM COVID-19 Antigen Rapid Test
Specimen Collection & Transport
Anti-Cyclic Citrullinated Peptide Test
GPP-100 Anti-CCP Kit
New
Gold Member
Plasma Control
Plasma Control Level 1

Print article

Channels

Clinical Chemistry

view channel
Image: Reaching speeds up to 6,000 RPM, this centrifuge forms the basis for a new type of inexpensive, POC biomedical test (Photo courtesy of Duke University)

POC Biomedical Test Spins Water Droplet Using Sound Waves for Cancer Detection

Exosomes, tiny cellular bioparticles carrying a specific set of proteins, lipids, and genetic materials, play a crucial role in cell communication and hold promise for non-invasive diagnostics.... Read more

Molecular Diagnostics

view channel
Image: MOF materials efficiently enrich cfDNA and cfRNA in blood through simple operational process (Photo courtesy of Science China Press)

Blood Circulating Nucleic Acid Enrichment Technique Enables Non-Invasive Liver Cancer Diagnosis

The ability to diagnose diseases early can significantly enhance the effectiveness of clinical treatments and improve survival rates. One promising approach for non-invasive early diagnosis is the use... Read more

Hematology

view channel
Image: The low-cost portable device rapidly identifies chemotherapy patients at risk of sepsis (Photo courtesy of 52North Health)

POC Finger-Prick Blood Test Determines Risk of Neutropenic Sepsis in Patients Undergoing Chemotherapy

Neutropenia, a decrease in neutrophils (a type of white blood cell crucial for fighting infections), is a frequent side effect of certain cancer treatments. This condition elevates the risk of infections,... Read more

Pathology

view channel
Image: The OvaCis Rapid Test discriminates benign from malignant epithelial ovarian cysts (Photo courtesy of INEX)

Intra-Operative POC Device Distinguishes Between Benign and Malignant Ovarian Cysts within 15 Minutes

Ovarian cysts represent a significant health issue for women globally, with up to 10% experiencing this condition at some point in their lives. These cysts form when fluid collects within a thin membrane... Read more
Copyright © 2000-2024 Globetech Media. All rights reserved.