Us Single-mode Microplate Readers Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Single-mode Microplate Readers Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.0 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The US single-mode microplate readers market is experiencing significant growth, driven by advancements in biotechnology and a surge in research activities. Single-mode microplate readers, designed to detect specific types of assays such as fluorescence, absorbance, or luminescence, are essential tools in laboratories for various applications, including drug discovery, clinical diagnostics, and genomics research.
According to recent data, the global microplate reader market was valued at approximately USD 452.6 million in 2022, with projections indicating a compound annual growth rate (CAGR) of 7.59% from 2023 to 2030. While this figure encompasses both single-mode and multi-mode readers, the US market contributes a substantial share, reflecting the country's robust research infrastructure and investment in life sciences.
Several factors are propelling the demand for single-mode microplate readers in the US:
Increased Research Funding: Government agencies and private sectors are allocating more funds towards life sciences research, necessitating advanced laboratory equipment.
Technological Advancements: Innovations in microplate reader technology have enhanced sensitivity and specificity, making single-mode readers more reliable and efficient.
Rising Prevalence of Diseases: The need for rapid diagnostic tools has grown due to an increase in chronic and infectious diseases, where single-mode readers play a crucial role.
Leading companies in the US single-mode microplate readers market include:
PerkinElmer: Offers a range of absorbance and fluorescence plate readers known for their precision and user-friendly interfaces.
Danaher (Beckman Coulter Molecular Devices): Provides luminescence and fluorescence readers with advanced features catering to high-throughput screening.
Thermo Fisher Scientific: Supplies versatile absorbance microplate readers suitable for various applications in research and diagnostics.
In my experience working in a biotechnology lab, the integration of single-mode microplate readers has streamlined our workflow. For instance, utilizing a dedicated fluorescence reader allowed our team to achieve more accurate measurements in our protein-binding assays, reducing variability and enhancing reproducibility. The specificity of single-mode readers ensures that we obtain high-quality data tailored to our experimental needs.
Despite the positive trajectory, the market faces challenges such as high costs associated with advanced microplate readers and the availability of alternative technologies like mass spectrometry. However, the continuous demand for precise and efficient laboratory instruments is expected to sustain the growth of single-mode microplate readers in the US.
Interestingly, parallels can be drawn between this market and the 100 Gigabit Fiber Optic Transceiver Market, where technological advancements and increasing data demands drive growth. Similarly, the need for rapid and accurate data in life sciences propels the adoption of specialized equipment like single-mode microplate readers.
In conclusion, the US single-mode microplate readers market is poised for continued expansion, supported by technological innovations, increased research funding, and the pressing need for advanced diagnostic tools. Stakeholders in the biotechnology and healthcare sectors should stay abreast of these developments to capitalize on emerging opportunities.
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Tecan Group (Switzerland)
PerkinElmer (US)
Danaher (Beckman Coulter & Molecular Devices) (US)
Thermo Fisher (US)
Agilent Technologies (US)
Hamilton Robotics (US)
Abbot Diagnostics (US)
Eppendorf (Germany)
QIAGEN (Netherlands)
Roche Diagnostics (Switzerland)
Siemens Healthcare (Germany)
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Single-mode Microplate Readers Market
Absorbance Microplate Readers
Fluorescence Microplate Readers
Luminescence Microplate Readers
Multimode Microplate Readers (Specific to Single-Mode Functionality)
Optical Technology
Electronic Detection Technology
Software-Driven Systems
Compact Analytical Devices
Clinical Diagnostics
Drug Discovery and Development
Environmental Testing
Food and Beverage Testing
Academic Research
Pharmaceutical Companies
Biotechnology Firms
Research Laboratories
Clinical Laboratories
Academic Institutions
Low Throughput (1-96 Wells)
Medium Throughput (96-384 Wells)
High Throughput (More than 384 Wells)
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Single-mode Microplate Readers Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Single-mode Microplate Readers Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Single-mode Microplate Readers Market, By Type
6. Global Single-mode Microplate Readers Market, By Application
7. Global Single-mode Microplate Readers Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Single-mode Microplate Readers Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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