North America 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 North America microplate readers market is expected to reach US$ 322.75 million by 2027 from US$ 240.51 million in 2019; it is estimated to grow at a CAGR of 3.8% from 2020 to 2027. The growth of the market is attributed to some key driving factors such as increasing research and development in the pharmaceutical industry and rising development of personalized medicine leading to demand for genetic studies. However, high cost of advanced microplate reader is the major factor hindering the market growth.
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. Pharmaceutical R&D is gaining attraction worldwide owing to the rising focus on drug discovery. The US biopharmaceutical industry has been the world leader in the development of new therapeutics. As per the Pharmaceutical Research and Manufacturers of America (PhRMA), the biopharmaceutical industry invested US$83 billion in R&D in 2019. The increasing demand for new approaches in drug discovery is bolstering the growth of microplate readers. Various companies are developing microplate readers for the drug discovery process to make the research process easier and faster. Moreover, pharmaceutical companies are investing heavily in the drug discovery, gene sequencing, and development of targeted protein to meet the growing demand of the healthcare sector. Further, the development of personalized medicine is leading to increasing demand for genetic studies, which, in turn is likely to contribute to the growth of the microplate reader market.
The outbreak has highly affected the North American region. Currently, the COVID-19 diagnostic testing industry is witnessing upsurge on account of a growing number of cases coupled with the increasing emergency use authorizations from the regulatory bodies. In addition, several diagnostic companies are engaged in the development of COVID-19 point-of-care rapid diagnostics tests having higher sensitivity and low turn-around time, which is restricting the microplate reader market. Increasing research activities in the region are driving the growth of the microplate reader in the forecast period.
Key Market Segments
Based on Type, the North America microplate readers market is segmented into single-mode microplate readers and multi-mode microplate readers. The single-mode microplate reader segment held the largest share of the market in 2019, however, the multi-mode microplate readers segment is estimated to register the highest CAGR in the market during the forecast period.
Based on application, North America 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. However, clinical diagnostics segment is estimated to register the highest CAGR in the market during the forecast period.
The North America microplate readers market, based on end user 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 North America microplate readers market are the Centers for Disease Control and Prevention (CDC), Canadian Institutes of Health Research (CIHR) and Pharmaceutical Research and Manufacturers of America (PhRMA).
Reasons to buy the report
- Determine prospective investment areas based on a detailed trend analysis of North America microplate readers market over the next years.
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- Strengthen your knowledge of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
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NORTH AMERICA MICROPLATE READERS 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
- US
- Canada
- Mexico
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 North America Microplate Reader Market – ByType
1.3.2 North America Microplate Reader Market – By Application
1.3.3 North America Microplate Reader Market – By End User
1.3.4 North America Microplate Reader Market – By Country
2. Microplate Reader Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Microplate Reader Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.3 Expert Opinions
5. Microplate Reader Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Research and Development in Pharmaceutical Industry
5.1.2 Increasing Incidence of Infectious Diseases
5.2 Market Restraints
5.2.1 High Cost of Advanced Microplate Reader
5.3 Market Opportunities
5.3.1 Consistent Research in Drug Discovery Activities
5.4 Future Trends
5.4.1 Technological Advancement in Microplate Readers
5.5 Impact Analysis
6. Microplate Reader Market – North America Analysis
6.1 North America Microplate Reader Market Revenue Forecast and Analysis
7. Microplate Reader Market– By Type
7.1 Overview
7.2 Microplate Reader Market Share, by Type, 2019 and 2027 (%)
7.3 Single-Mode Microplate Reader
7.3.1 Overview
7.3.2 Single-Mode Microplate Reader: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
7.3.3 Absorbance Plate Readers
7.3.3.1 Overview
7.3.3.2 Absorbance Plate Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
7.3.4 Fluorescence Plate Readers
7.3.4.1 Overview
7.3.4.2 Fluorescence Plate Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
7.3.5 Luminescence Plate Readers
7.3.5.1 Overview
7.3.5.2 Luminescence Plate Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
7.4 Multi-Mode Microplate Reader
7.4.1 Overview
7.4.2 Multi-Mode Microplate Reader: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
7.4.3 Monochromator-Based Readers
7.4.3.1 Overview
7.4.3.2 Monochromator-Based Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
7.4.4 Filter-Based Readers
7.4.4.1 Overview
7.4.4.2 Filter-Based Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
7.4.5 Hybrid Readers
7.4.5.1 Overview
7.4.5.2 Hybrid Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
8. Microplate Reader Market– By Application
8.1 Overview
8.2 Microplate Reader Market Share, by Application, 2019 and 2027 (%)
8.3 Genomics & Proteomics Research
8.3.1 Overview
8.3.2 Genomics and Proteomics Research: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
8.4 Drug Discovery
8.4.1 Overview
8.4.2 Drug Discovery: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
8.5 Clinical Diagnostics
8.5.1 Overview
8.5.2 Clinical Diagnostics: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
9. Microplate Reader Market– By End User
9.1 Overview
9.2 Microplate Reader Market Share, by End User, 2019 and 2027 (%)
9.3 Biotechnology & Pharmaceutical Companies
9.3.1 Overview
9.3.2 Biotechnology & Pharmaceutical Companies: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
9.4 Research & Academic Institutes
9.4.1 Overview
9.4.2 Research & Academic Institutes: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
9.5 Hospital & Diagnostic Laboratories
9.5.1 Overview
9.5.2 Hospital & Diagnostic Laboratories: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
10. Microplate Reader Market –North America Analysis
10.1 North America: Microplate Reader Market
10.1.1 Overview
10.1.3 North America: Microplate Reader Market, by Country, 2019 & 2027 (%)
10.1.3.1 US: Microplate Reader Market- Revenue and Forecasts to 2027 (USD Million)
10.1.3.1.1 US: Microplate Reader Market- Revenue and Forecasts to 2027 (USD Million)
10.1.3.1.2 US: Microplate Reader Market, by Type, 2018 -2027 (USD Million)
10.1.3.1.2.1 US: Microplate Reader Market, by Single-Mode Microplate Reader – Revenue and Forecast to 2027 (USD Million)
10.1.3.1.2.2 US: Microplate Reader Market, by Multi-Mode Microplate Reader– Revenue and Forecast to 2027 (USD Million)
10.1.3.1.3 US: Microplate Reader Market, by Application, 2018-2027 (USD Million)
10.1.3.1.4 US: Microplate Reader Market, by End User, 2018-2027 (USD Million)
10.1.3.2 Canada: Microplate Reader Market – Revenue and Forecast to 2027 (USD Million)
10.1.3.2.1 Canada: Microplate Reader Market – Revenue and Forecast to 2027 (USD Million)
10.1.3.2.2 Canada: Microplate Reader Market, by Type, 2018 -2027 (USD Million)
10.1.3.2.2.1 Canada: Microplate Reader Market, by Single-Mode Microplate Reader – Revenue and Forecast to 2027 (USD Million)
10.1.3.2.2.2 Canada: Microplate Reader Market, by Multi-Mode Microplate Reader– Revenue and Forecast to 2027 (USD Million)
10.1.3.2.3 Canada: Microplate Reader Market, by Application, 2018-2027 (USD Million)
10.1.3.2.4 Canada: Microplate Reader Market, by End User, 2018-2027 (USD Million)
10.1.3.3 Mexico: Microplate Reader Market – Revenue and Forecast to 2027 (USD Million)
10.1.3.3.1 Mexico Microplate Reader Market Revenue and Forecasts to 2027 (USD Million)
10.1.3.3.2 Mexico: Microplate Reader Market, by Type, 2018 -2027 (USD Million)
10.1.3.3.2.1 Mexico: Microplate Reader Market, by Single-Mode Microplate Reader – Revenue and Forecast to 2027 (USD Million)
10.1.3.3.2.2 Mexico: Microplate Reader Market, by Multi-Mode Microplate Reader– Revenue and Forecast to 2027 (USD Million)
10.1.3.3.3 Mexico: Microplate Reader Market, by Application, 2018-2027 (USD Million)
10.1.3.3.4 Mexico: Microplate Reader Market, by End User, 2018-2027 (USD Million)
11. Impact of COVID-19 Pandemic on North America Microplate Reader Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Microplate Reader Market–Industry Landscape
12.1 Overview
12.2 Organic Developments
12.2.1 Overview
13. Company Profiles
13.1 BioTek Instruments, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Hercuvan Lab Systems
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Molecular Devices, LLC.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 THERMO FISHER SCIENTIFIC INC.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 BMG LABTECH
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Promega Corporation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 PerkinElmer Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 BIO-RAD LABORATORIES INC.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Tecan Trading AG
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Lonza
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. US Microplate Reader Market, by Type– Revenue and Forecast To 2027 (USD Million)
Table 2. US Microplate Reader Market, by Single-Mode Microplate Reader– Revenue and Forecast To 2027
Table 3. US Microplate Reader Market, by Multi-Mode Microplate Reader– Revenue and Forecast To 2027
Table 4. US Microplate Reader Market, by Application – Revenue and Forecast to 2027(USD Million)
Table 5. US Microplate Reader Market, by End User – Revenue and Forecast to 2027(USD Million)
Table 6. Canada Microplate Reader Market, by Type– Revenue and Forecast To 2027 (USD Million)
Table 7. Canada Microplate Reader Market, by Single-Mode Microplate Reader– Revenue and Forecast To 2027
Table 8. Canada Microplate Reader Market, by Multi-Mode Microplate Reader– Revenue and Forecast To 2027
Table 9. Canada Microplate Reader Market, by Application – Revenue and Forecast to 2027(USD Million)
Table 10. Canada Microplate Reader Market, by End User – Revenue and Forecast to 2027(USD Million)
Table 11. Mexico Microplate Reader Market, by Type– Revenue and Forecast To 2027 (USD Million)
Table 12. Mexico Microplate Reader Market, by Single-Mode Microplate Reader– Revenue and Forecast To 2027
Table 13. Mexico Microplate Reader Market, by Multi-Mode Microplate Reader– Revenue and Forecast To 2027
Table 14. Mexico Microplate Reader Market, by Application – Revenue and Forecast to 2027(USD Million)
Table 15. Mexico Microplate Reader Market, by End User – Revenue and Forecast to 2027(USD Million)
Table 16. Organic Developments Done by Companies
Table 17. Glossary of Terms, Microplate Reader Market
LIST OF FIGURES
Figure 1. Microplate Reader Market Segmentation
Figure 2. Microplate Reader Market, By Region
Figure 3. North America Microplate Reader Market Overview
Figure 4. The Multi-Mode Microplate Reader Segment Is Expected to Grow Faster by Type Segment in Microplate Reader Market
Figure 5. The Clinical Diagnostics Segment Is Expected to Grow Faster by Application Segment in Microplate Reader Market
Figure 6. The Biotechnology and Pharmaceutical Companies Segment Is Expected to Grow Faster by End User Segment in Microplate Reader Market
Figure 7. North America Microplate Reader Market- Leading Country Markets (USD Million)
Figure 8. North America PEST Analysis
Figure 9. Microplate Reader Market Impact Analysis of Drivers and Restraint
Figure 10. North America Microplate Reader Market – Revenue Forecast and Analysis – 2019- 2027
Figure 11. Microplate Reader Market Share, by Type, 2019 and 2027 (%)
Figure 12. Single-Mode Microplate Reader: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 13. Absorbance Plate Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 14. Fluorescence Plate Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 15. Luminescence Plate Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 16. Multi-Mode Microplate Reader: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 17. Monochromator-Based Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 18. Filter-Based Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 19. Hybrid Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 20. Microplate Reader Market Share, by Application, 2019 and 2027 (%)
Figure 21. Genomics and Proteomics Research: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 22. Drug Discovery: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 23. Clinical Diagnostics: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 24. Others: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 25. Microplate Reader Market Share, by End User, 2019 and 2027 (%)
Figure 26. Biotechnology & Pharmaceutical Companies: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 27. Research & Academic Institutes: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 28. Hospital & Diagnostic Laboratories: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 29. North America: Microplate Reader Market, by Key Country - Revenue (2019) (USD Million)
Figure 30. North America: Microplate Reader Market, By Country, 2019 & 2027 (%)
Figure 31. US: Microplate Reader Market- Revenue and Forecasts to 2027 (USD Million)
Figure 32. Canada Microplate Reader Market Revenue and Forecasts To 2027 (USD Million)
Figure 33. Mexico: Microplate Reader Market – Revenue and Forecast To 2027 (USD Million)
Figure 34. Impact of COVID-19 Pandemic in North American Country Markets
The List of Companies - North America 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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