No. of Pages: 137 | Report Code: TIPRE00022184 | Category: Life Sciences
The Middle East & Africa microplate reader market was valued at US$ 14.93 million in 2023 and is expected to reach US$ 19.42 million by 2031; it is estimated to register a CAGR of 3.3% from 2023 to 2031.
In recent years, there have been significant advancements in microplate reader technology, driven by the demand for enhanced optics, accuracy, and reduction of research and development costs. Advancements in microplate reader technology, including enhanced optics and automation, improve overall performance. Major industry players such as PerkinElmer Inc., Molecular Devices, and Lonza are making significant progress in improving the speed and scale of these technologies. A few advancements that are gaining significant traction and are foreseen to become trends in the market in the coming years are mentioned below.
Countries such as the UAE and South Arabia are expected to be the largest contributors to the Middle East & Africa microplate reader market. The market is driven by extensive research projects undertaken by several research institutes and the availability of infrastructure and facilities for research in the UAE and Saudi Arabia.
In terms of value, the Middle East & Africa microplate reader market in South Africa was valued at US$ 5.1 million in 2023 and is projected to reach US$ 7.0 million by 2031; it is expected to register a CAGR of 4.0% from 2023 to 2031.The growth of the South Africa microplate reader market is majorly attributed to the expansion of research facilities in the country. For instance, in August 2023, African Academy of Sciences (AAS), the European Union (EU), and the African Union (AU) launched an initiative to empower early-career scientists in delivering cutting-edge research for which the EU provided US$ 27.09 million. Such investments are estimated to boost the demand for research laboratory infrastructure, which will eventually drive the growth of the South Africa microplate reader market during the forecast period. South Africa has become one of the important nations in Africa due to its development in science and technology. The country has well-educated people and the scientific capabilities to succeed in biotechnology. The country is making progress in developing its biotechnology sector. This focus on drug development and the emergence of biochemical engineering are projected to drive the growth of the South Africa microplate reader market during the forecast period.
The Middle East & Africa microplate reader market is categorized into type, application, end user, and country.
Based on type, the Middle East & Africa microplate reader market is bifurcated into single-mode microplate readers and multi-mode microplate readers. The single-mode microplate readers segment held a larger Middle East & Africa microplate reader market share in 2023. Furthermore, the single-mode microplate readers segment is subcategorized into absorbance plate readers, fluorescence plate readers and luminescence plate readers. Additionally, the multi-mode microplate readers segment is sub segmented into filter-based readers, monochromator-based readers and hybrid readers.
In terms of application, the Middle East & Africa microplate reader market is segmented into drug discovery, clinical diagnostics, genomics and proteomics research, and others. The drug discovery segment held the largest Middle East & Africa microplate reader market share in 2023.
In terms of end user, the Middle East & Africa microplate reader market is categorized into biotechnology and pharmaceutical companies, hospital and diagnostic laboratories, and research and academic institutes. The biotechnology and pharmaceutical companies segment held the largest Middle East & Africa microplate reader market share in 2023.
By country, the Middle East & Africa microplate reader market is segmented into South Africa, the UAE, Saudi Arabia, and the Rest of Middle East & Africa. South Africa dominated the Middle East & Africa microplate reader market share in 2023.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 14.93 Million |
| Market Size by 2031 | US$ 19.42 Million |
| Global CAGR (2023 - 2031) | 3.3% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
Hercuvan Lab Systems, Molecular Devices LLC, Thermo Fisher Scientific Inc, BMG LABTECH, Promega Corp, Revvity Inc, Bio-Rad Laboratories Inc, Tecan Trading AG, Lonza Group AG, and Agilent Technologies Inc. are some of the leading companies operating in the microplate reader market.
The Middle East & Africa Microplate Reader Market is valued at US$ 14.93 Million in 2023, it is projected to reach US$ 19.42 Million by 2031.
As per our report Middle East & Africa Microplate Reader Market, the market size is valued at US$ 14.93 Million in 2023, projecting it to reach US$ 19.42 Million by 2031. This translates to a CAGR of approximately 3.3% during the forecast period.
The Middle East & Africa Microplate Reader Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Microplate Reader Market report:
The Middle East & Africa Microplate Reader Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Microplate Reader Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Microplate Reader Market value chain can benefit from the information contained in a comprehensive market report.
E 1803, Panchshil Towers, Vagholi, Haveli, Pune- 412207, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Middle East & Africa Microplate Reader Market
