Market Overview:
The global microplate photometers market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in this market can be attributed to the increasing demand for microplate photometers in the clinical field and nonclinical field. In addition, the growing demand for miniaturized and portable devices is also contributing to the growth of this market. The global microplate photometers market by type is segmented into optical filter microplate reader and optical grating microplate reader.
Product Definition:
Microplate photometers are devices used to measure the absorbance of light by substances in a microplate. They are important because they can quickly and accurately measure the amount of a substance in a sample.
Optical Filter Microplate Reader:
Optical Filter Microplate Reader (OFMR) is a device used for measuring optical properties of solutions and microplates. It works on the principle of total internal reflection of light. The OFMR has applications in biochemical, life science research, clinical diagnostics and pharmaceutical industries. This product helps to reduce measurement errors by providing reliable results even for difficult to measure optical parameters such as transmittance or absorption coefficient at low concentration levels.
Optical Grating Microplate Reader:
The optical grating microplate reader is a device used to measure the amount of light that passes through a microplate. It works by directing the light onto the plate and measuring how much of it is reflected back. The more light that is reflected, the higher will be its reading.
It’s an automated system which can read multiple plates in less time.
Application Insights:
The clinical field dominated the global market in terms of revenue share in 2017. The growth is attributed to an increase in demand for microplate photometers from various healthcare applications including research, quality assessment, and drug discovery. Moreover, an increase in R&D activities pertaining to new product development for better performance is also responsible for driving the segment growth.
Nonclinical field is expected to be the fastest-growing application segment over the forecast period owing to a rise in government funding and initiatives that are aimed at improving laboratory standards across various industries such as biotechnology & pharmaceuticals globally. For instance, Clinical Laboratory Improvement Amendments (CLIA) Act was passed by U.S federal government which regulates lab testing performed by laboratories used by healthcare providers or hospitals within the country borders of United States (U.S.).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of key players, increased funding for R&D activities, and high adoption rate of advanced technologies across this region. Moreover, increasing government initiatives to develop novel diagnostic products based on LMPs is expected to fuel regional growth over the forecast period. For instance, in March 2016 ‘NIH Microplate Program’ was launched by National Institutes of Health (U.S.). The program focuses on developing automated systems for plate-reading applications that are compatible with any type of microplates available in U.S.
Growth Factors:
- Increasing demand for rapid and accurate diagnostics: The global Microplate Photometers market is expected to grow at a CAGR of 7.5% during the forecast period owing to the increasing demand for rapid and accurate diagnostics. This is mainly due to the rising incidence of chronic diseases, such as cancer, which require early diagnosis and treatment.
- Technological advancements: The development of novel technologies in Microplate Photometers is expected to drive market growth during the forecast period. For instance, recent technological advancements have led to the development of microfluidic-based systems that are miniaturized and offer high accuracy and precision. This is likely to boost demand for Microplate Photometers in the coming years.
- Growing use of microplates in drug discovery: The growing use of microplates in drug discovery is another key factor driving market growth during the forecast period.Microplates are being increasingly used for target identification, hit validation, lead optimization,and preclinical studies owingto their high throughput capabilitiesand low cost per assay as comparedto traditional methods such as ELISA or PCR .Thisis likely tobuild furtherdemandforMicroplatePhotometersin themarketduringtheforecastperiod .
Scope Of The Report
Report Attributes
Report Details
Report Title
Microplate Photometers Market Research Report
By Type
Optical Filter Microplate Reader, Optical Grating Microplate Reader
By Application
Clinical Field, Nonclinical Field
By Companies
Brüe ThermoFisher, PerkinElmer, Tecan, BioTek, BIO-RAD, Molecular Devices, BMG Labtech, KHB, Promega, Biochrom, Berthold, Awareness, Rayto, Perlong, Autobio
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Microplate Photometers Market Report Segments:
The global Microplate Photometers market is segmented on the basis of:
Types
Optical Filter Microplate Reader, Optical Grating Microplate Reader
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Clinical Field, Nonclinical Field
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Brüe ThermoFisher
- PerkinElmer
- Tecan
- BioTek
- BIO-RAD
- Molecular Devices
- BMG Labtech
- KHB
- Promega
- Biochrom
- Berthold
- Awareness
- Rayto
- Perlong
- Autobio
Highlights of The Microplate Photometers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Optical Filter Microplate Reader
- Optical Grating Microplate Reader
- By Application:
- Clinical Field
- Nonclinical Field
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Microplate Photometers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Microplate photometers are a type of instrument used to measure the amount of light that is reflected from an object. They are often used in laboratories to measure the brightness or luminosity of objects.
Some of the major companies in the microplate photometers market are Br¼e ThermoFisher, PerkinElmer, Tecan, BioTek, BIO-RAD, Molecular Devices, BMG Labtech, KHB, Promega, Biochrom, Berthold, Awareness, Rayto, Perlong, Autobio.
The microplate photometers market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Microplate Photometers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Microplate Photometers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Microplate Photometers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Microplate Photometers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Microplate Photometers Market Size & Forecast, 2018-2028
4.5.1 Microplate Photometers Market Size and Y-o-Y Growth
4.5.2 Microplate Photometers Market Absolute $ Opportunity
Chapter 5 Global Microplate Photometers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Microplate Photometers Market Size Forecast by Type
5.2.1 Optical Filter Microplate Reader
5.2.2 Optical Grating Microplate Reader
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Microplate Photometers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Microplate Photometers Market Size Forecast by Applications
6.2.1 Clinical Field
6.2.2 Nonclinical Field
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Microplate Photometers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Microplate Photometers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Microplate Photometers Analysis and Forecast
9.1 Introduction
9.2 North America Microplate Photometers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Microplate Photometers Market Size Forecast by Type
9.6.1 Optical Filter Microplate Reader
9.6.2 Optical Grating Microplate Reader
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Microplate Photometers Market Size Forecast by Applications
9.10.1 Clinical Field
9.10.2 Nonclinical Field
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Microplate Photometers Analysis and Forecast
10.1 Introduction
10.2 Europe Microplate Photometers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Microplate Photometers Market Size Forecast by Type
10.6.1 Optical Filter Microplate Reader
10.6.2 Optical Grating Microplate Reader
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Microplate Photometers Market Size Forecast by Applications
10.10.1 Clinical Field
10.10.2 Nonclinical Field
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Microplate Photometers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Microplate Photometers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Microplate Photometers Market Size Forecast by Type
11.6.1 Optical Filter Microplate Reader
11.6.2 Optical Grating Microplate Reader
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Microplate Photometers Market Size Forecast by Applications
11.10.1 Clinical Field
11.10.2 Nonclinical Field
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Microplate Photometers Analysis and Forecast
12.1 Introduction
12.2 Latin America Microplate Photometers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Microplate Photometers Market Size Forecast by Type
12.6.1 Optical Filter Microplate Reader
12.6.2 Optical Grating Microplate Reader
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Microplate Photometers Market Size Forecast by Applications
12.10.1 Clinical Field
12.10.2 Nonclinical Field
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Microplate Photometers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Microplate Photometers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Microplate Photometers Market Size Forecast by Type
13.6.1 Optical Filter Microplate Reader
13.6.2 Optical Grating Microplate Reader
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Microplate Photometers Market Size Forecast by Applications
13.10.1 Clinical Field
13.10.2 Nonclinical Field
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Microplate Photometers Market: Competitive Dashboard
14.2 Global Microplate Photometers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Brüe ThermoFisher
14.3.2 PerkinElmer
14.3.3 Tecan
14.3.4 BioTek
14.3.5 BIO-RAD
14.3.6 Molecular Devices
14.3.7 BMG Labtech
14.3.8 KHB
14.3.9 Promega
14.3.10 Biochrom
14.3.11 Berthold
14.3.12 Awareness
14.3.13 Rayto
14.3.14 Perlong
14.3.15 Autobio
