Europe Microplate Reader Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Single-Mode Microplate Readers and Multi-Mode Microplate Readers), Application (Genomics & Proteomics Research, Drug Discovery, Clinical Diagnostics, and Other), and End User (Hospital & Diagnostic Laboratories, Biotechnology & Pharmaceutical Companies, and Research & Academic Institutes)
Market Introduction
A microplate reader is laboratory machine used to estimate bio-chemical or physical reactions, properties, and analytes within the microplate well. It reduces operational time to save reagent costs, allowing researchers to commit more time to data analysis and create actionable insights.
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Market Overview and Dynamics
The Europe microplate readers market is expected to reach US$ 175.96 million by 2027 from US$ 139.69 million in 2019; it is estimated to grow at a CAGR of 3.0% from 2020 to 2027. The growth of the market is attributed to some key driving factors such as increasing incidence of infectious diseases and consistent research in drug discovery activities. However, high cost of advanced microplate reader is the major factor hindering the market growth.
Infectious diseases are considered one of the leading causes of death worldwide. As per the WHO estimates, around 3–5 million people contract severe flu every year worldwide, and around 650,000 people die because of the flu. People with infectious diseases account for most hospital admissions and clinical diagnostics. Clinical diagnostics help detect early signs and risk factors, creating new opportunities for early intervention. Thus, the heavy burden of infectious diseases is expected to drive the growth of the microplate reader market during the forecast period. Diagnostic tests have a decisive impact on each step of diagnosis, from screening to help prevent certain diseases, early diagnosis at the onset of a disease, and identify the responsible pathogen. The microplate reader market is driven by the growing incidence of infectious diseases and the increasing adoption of the automated platform in diagnostic laboratories. Microplate readers are also used in the drug discovery and research, and pharmaceutical industries for screening applications. Hence, various research organizations are engaged in the research of novel therapeutics, which is further increasing the adoption of advanced analysis tools such as microplate readers.
The Coronavirus outbreak has positively affected the Europe region. Due to the second wave of COVID-19 cases, the government of many countries is working towards scaling up testing capacity, which is driving the growth of the market. Many pharmaceutical companies in the region are actively engaged in the development of COVID-19 vaccine. Many companies are utilizing existing technologies that provide the ability to rapidly upscale production once a potential vaccine candidate is identified. Pharmaceutical companies are prioritizing research and development of COVID-19 related diagnostics, treatments, health technologies and vaccines.
Key Market Segments
Based on Type, the Europe microplate readers market is segmented into single-mode microplate readers and multi-mode microplate readers. The single-mode microplate reader segment held a larger share of the market in 2019, whereas the multi-mode microplate readers segment is estimated to register a higher CAGR in the market during the forecast period.
Based on application, Europe microplate readers market is segmented into genomics & proteomics research, drug discovery, clinical diagnostics, and others. The drug discovery segment held the largest share of the market in 2019, whereas the clinical diagnostics segment is estimated to register the highest CAGR in the market during the forecast period.
Based on end user, the Europe microplate readers market is segmented into hospital & diagnostic laboratories, biotechnology & pharmaceutical companies, and research & academic institutes. The biotechnology & pharmaceutical companies segment held the largest share of the market in 2019, and the same segment is estimated to register the highest CAGR in the market during the forecast period.
Major Sources and Companies Listed
A few of the primary and secondary sources associated with this report on the Europe microplate reader market are the European Centre for Disease Prevention and Control (ECDC), European Union (EU) and Organization for Economic Co-operation and Development (OECD).
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EUROPE MICROPLATE READER MARKET SEGMENTATION
By Type
- Single-Mode Microplate Reader
- Absorbance Plate Readers
- Fluorescence Plate Readers
- Luminescence Plate Readers
- Multi-Mode Microplate Reader
- Filter-Based Readers
- Monochromator-Based Readers
- Hybrid Readers
By Application
- Genomics & Proteomics Research
- Drug Discovery
- Clinical Diagnostics
- Other
By End User
- Pharmaceutical & Biotechnology Companies
- Research & Academic Institutes
- Hospital & Diagnostic Laboratories
By Country
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Company Profiles
- BioTek Instruments, Inc
- Hercuvan Lab Systems
- Molecular Devices, LLC
- THERMO FISHER SCIENTIFIC INC
- BMG LABTECH
- Promega Corporation
- PerkinElmer Inc.
- BIO-RAD LABORATORIES INC
- Tecan Trading AG
- Lonza
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Microcatheters Market – By Indication
1.3.2 Europe Microcatheters Market – By End User
1.3.3 Europe Microcatheters Market – By Country
2. Microcatheters Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Microcatheters Market– Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Europe– PEST Analysis
4.3 Expert Opinions
5. Europe Microcatheter Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Escalating Prevalence of Cardiovascular Diseases
5.1.2 Increasing Incidence of Neurovascular Diseases
5.1.3 Surge in Elderly Population
5.2 Key Market Restraints
5.2.1 Product Recall and Stringent Regulatory Requirements
5.2.2 Lack of Expert Professionals
5.3 Future Trends
5.3.1 Rising Demand for Minimally Invasive Procedures
6. Microcatheters Market – Europe Analysis
6.1 Europe Microcatheters Market Revenue Forecast and Analysis
7. Microcatheters Market Analysis – By Indication
7.1 Overview
7.2 Microcatheters Market Revenue Share, by Indication (2019 and 2027)
7.4 Coronary
7.4.1 Overview
7.4.2 Coronary: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Neurovascular
7.5.1 Overview
7.5.2 Neurovascular: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
7.6 General Peripheral Vascular
7.6.1 Overview
7.6.2 General Peripheral Vascular: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
8. Microcatheters Market Analysis – By End User
8.1 Overview
8.2 Microcatheters Market Share, by End User, 2019 and 2027, (%)
8.3 Hospitals
8.3.1 Overview
8.3.2 Hospitals: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Specialty Clinics
8.4.1 Overview
8.4.2 Specialty Clinics: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Ambulatory Surgical Centres
8.5.1 Overview
8.5.2 Ambulatory Surgical Centers: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
9. Microcatheters Market – Europe Analysis
9.1 Europe: Microcatheters Market
9.1.1 Overview
9.1.2 Europe: Microcatheters Market, by Country, 2019 & 2027 (%)
9.1.3 Germany: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
9.1.3.1 Germany: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
9.1.4 Germany: Microcatheters Market, By Indication – Revenue and Forecast to 2027 (USD Million)
9.1.5 Germany: Microcatheters Market, By End User – Revenue and Forecast to 2027 (USD Million)
9.1.6 France: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
9.1.6.1 France: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
9.1.7 France: Microcatheters Market, By Indication – Revenue and Forecast to 2027 (USD Million)
9.1.8 France: Microcatheters Market, By End User – Revenue and Forecast to 2027 (USD Million)
9.1.9 UK: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
9.1.9.1 UK: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
9.1.10 UK: Microcatheters Market, By Indication – Revenue and Forecast to 2027 (USD Million)
9.1.11 UK: Microcatheters Market, by End User – Revenue and Forecast to 2027 (USD Million)
9.1.12 Italy: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
9.1.12.1 Italy: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
9.1.13 Italy: Microcatheters Market, By Indication – Revenue and Forecast to 2027 (USD Million)
9.1.14 Italy: Microcatheters Market, by End User – Revenue and Forecast to 2027 (USD Million)
9.1.15 Spain: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
9.1.15.1 Spain: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
9.1.16 Spain: Microcatheters Market, By Indication – Revenue and Forecast to 2027 (USD Million)
9.1.17 Spain: Microcatheters Market, by End User – Revenue and Forecast to 2027 (USD Million)
10. Impact of COVID-19 Pandemic on Europe Microcatheters Market
10.1 Europe: Impact Assessment of COVID-19 Pandemic
11. Microcatheters Market – Industry Landscape
11.1 Overview
11.2 Organic Developments
11.2.1 Overview
11.3 Inorganic Developments
11.3.1 Overview
12. Company Profiles
12.1 Boston Scientific Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Medtronic
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Merit Medical Systems Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Terumo Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Asahi Intecc USA, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Penumbra, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Stryker Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Teleflex Incorporated
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About the Insight Partners
LIST OF TABLES
Table 1. Germany: Microcatheters Market, By Indication – Revenue and Forecast to 2027 (USD Million)
Table 2. Germany: Microcatheters Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 3. France: Microcatheters Market, By Indication – Revenue and Forecast to 2027 (USD Million)
Table 4. France: Microcatheters Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 5. UK: Microcatheters Market, By Indication – Revenue and Forecast to 2027 (USD Million)
Table 6. UK: Microcatheters Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 7. Italy: Microcatheters Market, By Indication – Revenue and Forecast to 2027 (USD Million)
Table 8. Italy: Microcatheters Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 9. Spain: Microcatheters Market, By Indication – Revenue and Forecast to 2027 (USD Million)
Table 10. Spain: Microcatheters Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 11. Organic Developments Done by Companies
Table 12. Inorganic Developments Done by Companies
Table 13. Glossary of Terms, Microcatheters Market
LIST OF FIGURES
Figure 1. Microcatheters Market Segmentation
Figure 2. Microcatheters Market, By Country
Figure 3. Europe Microcatheters Market Overview
Figure 4. The Coronary Segment Is Expected to Grow Faster by Indication Segment in Microcatheters Market
Figure 5. Europe Microcatheters Market- Leading Country Markets (USD Million)
Figure 6. Europe PEST Analysis
Figure 7. Microcatheter Market Impact Analysis of Driver and restraint
Figure 8. Europe Microcatheters Market – Revenue Forecast and Analysis – 2019- 2027
Figure 9. Microcatheters Market Revenue Share, by Indication (2019 and 2027)
Figure 10. Coronary: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. Neurovascular: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. General Peripheral Vascular: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Microcatheters Market Share, by End User, 2019 and 2027 (%)
Figure 14. Hospitals Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Specialty Clinics: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Ambulatory Surgical Centers: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Europe: Microcatheters Market, by Key Country – Revenue (2019) (USD Million)
Figure 18. Europe: Microcatheters Market, by Country, 2019 & 2027 (%)
Figure 19. Germany: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
Figure 20. France: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
Figure 21. UK: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
Figure 22. Italy: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
Figure 23. Spain: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
Figure 24. Impact of COVID-19 Pandemic on Microcatheters Market in European Countries
The List of Companies - Europe Microplate Reader Market
- BioTek Instruments, Inc
- Hercuvan Lab Systems
- Molecular Devices, LLC
- THERMO FISHER SCIENTIFIC INC
- BMG LABTECH
- Promega Corporation
- PerkinElmer Inc.
- BIO-RAD LABORATORIES INC
- Tecan Trading AG
- Lonza
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