MicroplateReaders Market, by Well Type (96 Wells, 384 Wells, 1536 Wells, and Others),by Reader Type (Single-mode Readers and Multi-mode Readers), by End User(Biotechnology and Pharmaceutical Companies, Research Institutes, ContractResearch Organizations and Others), and by Region - Size, Share, Outlook, and OpportunityAnalysis, 2018-2026
Microplate readers, also calledas microplate photometers are laboratory instruments used for the detection ofchemical or physical events of samples in microtiter plates. These plates areused for various research experiments in bioassay validation, drug discovery,manufacturing processes in biotechnological and pharmaceutical industries,quality control, and academic organizations. The microplate readers are able todetect physical, chemical or biological reactions by measuring emitted light.These readers help to minimize operational time, save cost, and facilitatesresearchers with easy data analysis through generation of actionable results.Common detection modes for microplate assays include fluorescence, absorbance,luminescence, fluorescence polarization, time resolved fluorescence, andothers. The sample reactions can be assayed from 6 wells to 1536 well typemicrotiter plates. Multimode plate readers can perform a wide range ofapplications that include protein and cell growth assays, ELISA, reporter assays,molecular interactions, enzyme activity, ATP quantification, immunoassays, andothers. Higher density micro plates are used mostly for advanced screeningapplications with a typical assay volume residing between 5-50 µl per well.
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Market Dynamics
Increasing incidence ofinfectious diseases is propelling demand for development of fast and efficienttherapeutics, vaccines, and other medications, which is propelling demand formicroplate readers. Infectious diseases such as influenza and other vector bornediseases that requires high throughput screening for drug development areexpected to drive growth of the global microplate readers market size.According to World Health Organization (WHO), 2017, the incidence of dengueincreased significantly, indicating around 390 million dengue infections peryear all around the world. According to the International Journal ofNanomedicine, 2015, an estimated 212 malaria cases were registered globallywith 429,000 deaths. Moreover, increasing investments in research anddevelopment to upgrade the laboratories with advanced technologies that willhelp in accelerating the drug development procedure is also expected to fuelthe growth of global microplate readers market. For instance, in September2016, Biocon’s contract research arm, Syngene International established amulti-disciplinary development center and drug discovery research laboratoryfor Amgen in Bengaluru, named Amgen Research and Development Center (SARC).High penetration of alternate methods to carry out detection of biologicalprocedures is expected to hinder the market growth.
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Regional Insights
On the basis of region, theglobal microplate readers market is segmented into North America, LatinAmerica, Europe, Asia Pacific, Middle East, and Africa. North America holds adominant position in the global microplate readers market and is expected toretain its dominance over the forecast period. This dominance attributes to therising incidence of epidemic diseases as well as early diagnosis and treatmentof diseases. For instance, according to the Centers of Disease Control andPrevention (CDC), 2017, the vector borne disease cases in the U.S. has tripledfrom 2004 to 2016. Moreover, the paradigm shift of scientific bio-labs towardsautomated tools for conducting various assays is fueling growth of the globalmicroplate readers market in North America region. For instance, in 2012,Hudson Robotics, Inc. introduced SOLO Automated ELISA Workstation, with liquidhandlers and microplate readers as a simple, low-cost yet efficient ELISApreparation workstation that supports serial dilutions to study concentration-dependenteffects.
Furthermore, Asia Pacific isexpected to witness a significant growth in the market, owing to developmentsin healthcare infrastructure, increasing investment in research and developmentby various regional pharmaceutical and biotechnology companies. For instance,in October 2016, Sun Pharma, an India-based pharmaceutical company announcedplans to increase its research development by investing in a new R&D unitat Madhya Pradesh, India.
Competitive Landscape
Key players operating in theglobal microplate readers market include Thermo Fisher Scientific, Inc.,PerkinElmer, Inc., MDS Analytical Technologies, Corning, Grenier Bio-One,Tecan, BioTek Instruments, Inc., BMG LABTECH GmbH Instruments, Inc., andothers. Market players are focused towards providing technologically advancedproducts to sustain their presence in the market. For instance, in August 2017,BioTek Instruments, Inc. introduced next generation 800 TS microplate readerand 50s washer that has a color touchscreen interface with easily programmedonboard software to expand application base of microplate readers to kineticassays such as biomagnetic separation and others.
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