South and Central America Microplate Reader Market Forecast to 2027 – COVID-19 Impact and 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 South and Central America microplate readers market is expected to reach US$ 33.74 million by 2027 from US$ 27.19 million in 2019; it is estimated to grow with a CAGR of 2.8% 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.
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 Coronavirus outbreak has negatively affected the South and Central America region. At present, the majority of the diagnostic laboratories and research institutes are engaged in diagnosing the COVID-19 patients. Also, 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 South and Central America microplate reader market.
Key Market Segments
Based on Type, the South and Central America 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, South and Central 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, whereas the clinical diagnostics segment is estimated to register the highest CAGR in the market during the forecast period.
Based on end user, the South and Central America 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 South and Central America microplate readers market are the Centers for Disease Control and Prevention (CDC), National Health Service (NHS) and Pharmaceutical Research and Manufacturers of America (PhRMA).
Reasons to buy the report
- Determine prospective investment areas based on a detailed trend analysis of South and Central 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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SOUTH AND CENTRAL 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
- Brazil
- Argentina
- Rest of South and Central America
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 South and Central America Microplate Reader Market – By Type
1.3.2 South and Central America Microplate Reader Market – By Application
1.3.3 South and Central America Microplate Reader Market – By End User
1.3.4 South and Central 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. South and Central America Microplate Reader Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 South and Central America (SCAM) – 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 – South and Central America Analysis
6.1 South and Central 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 & 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 –South and Central America Analysis
10.1 South and Central America: Microplate Reader Market
10.1.1 South and Central America: Microplate Reader Market Share by Country – 2019 & 2027, (%)
10.1.1.1 Brazil: Microplate Reader Market- Revenue and Forecasts to 2027 (USD Million)
10.1.1.1.1 Brazil: Microplate Reader Market- Revenue and Forecasts to 2027 (USD Million)
10.1.2 Brazil: Microplate Reader Market, by Type, 2018 -2027 (USD Million)
10.1.2.1 Brazil: Microplate Reader Market, by Single-Mode Microplate Reader – Revenue and Forecast to 2027 (USD Million)
10.1.2.2 Brazil: Microplate Reader Market, by Multi-Mode Microplate Reader– Revenue and Forecast to 2027 (USD Million)
10.1.3 Brazil: Microplate Reader Market, by Application, 2018-2027 (USD Million)
10.1.4 Brazil: Microplate Reader Market, by End User, 2018-2027 (USD Million)
10.1.4.1 Argentina: Microplate Reader Market- Revenue and Forecasts to 2027 (USD Million)
10.1.4.1.1 Argentina: Microplate Reader Market- Revenue and Forecasts to 2027 (USD Million)
10.1.5 Argentina: Microplate Reader Market, by Type, 2018 -2027 (USD Million)
10.1.5.1 Argentina: Microplate Reader Market, by Single-Mode Microplate Reader – Revenue and Forecast to 2027 (USD Million)
10.1.5.2 Argentina: Microplate Reader Market, by Multi-Mode Microplate Reader– Revenue and Forecast to 2027 (USD Million)
10.1.6 Argentina: Microplate Reader Market, by Application, 2018-2027 (USD Million)
10.1.7 Argentina: Microplate Reader Market, by End User, 2018-2027 (USD Million)
10.1.7.1 Rest of South and Central America: Microplate Reader Market- Revenue and Forecasts to 2027 (USD Million)
10.1.7.1.1 Rest of South and Central America: Microplate Reader Market- Revenue and Forecasts to 2027 (USD Million)
10.1.8 Rest of South and Central America: Microplate Reader Market, by Type, 2018 -2027 (USD Million)
10.1.8.1 Rest of South and Central America: Microplate Reader Market, by Single-Mode Microplate Reader – Revenue and Forecast to 2027 (USD Million)
10.1.8.2 Rest of South and Central America: Microplate Reader Market, by Multi-Mode Microplate Reader– Revenue and Forecast to 2027 (USD Million)
10.1.9 Rest of South and Central America: Microplate Reader Market, by Application, 2018-2027 (USD Million)
10.1.10 Rest of South and Central America: Microplate Reader Market, by End User, 2018-2027 (USD Million)
11. Impact of COVID-19 Pandemic on South and Central America Microplate Reader Market
11.1 South and Central 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. Brazil Microplate Reader Market, by Type– Revenue And Forecast To 2027 (USD Million)
Table 2. Brazil Microplate Reader Market, by Single-Mode Microplate Reader– Revenue And Forecast To 2027
Table 3. Brazil Microplate Reader Market, by Multi-Mode Microplate Reader– Revenue And Forecast To 2027
Table 4. Brazil Microplate Reader Market, by Application – Revenue and Forecast to 2027(USD Million)
Table 5. Brazil Microplate Reader Market, by End User – Revenue and Forecast to 2027(USD Million)
Table 6. Argentina Microplate Reader Market, by Type– Revenue And Forecast To 2027 (USD Million)
Table 7. Argentina Microplate Reader Market, by Single-Mode Microplate Reader– Revenue And Forecast To 2027
Table 8. Argentina Microplate Reader Market, by Multi-Mode Microplate Reader– Revenue And Forecast To 2027
Table 9. Argentina Microplate Reader Market, by Application – Revenue and Forecast to 2027(USD Million)
Table 10. Argentina Microplate Reader Market, by End User – Revenue and Forecast to 2027(USD Million)
Table 11. Rest of South and Central America Microplate Reader Market, by Type– Revenue And Forecast To 2027 (USD Million)
Table 12. Rest of South and Central America Microplate Reader Market, by Single-Mode Microplate Reader– Revenue And Forecast To 2027
Table 13. Rest of South and Central America Microplate Reader Market, by Multi-Mode Microplate Reader– Revenue And Forecast To 2027
Table 14. Rest of South and Central America Microplate Reader Market, by Application – Revenue and Forecast to 2027(USD Million)
Table 15. Rest of South and Central America 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 Country
Figure 3. South and Central 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 6. South and Central America Microplate Reader Market- Leading Country Markets (USD Million)
Figure 7. South and Central America (SCAM) PEST Analysis
Figure 8. Microplate Reader Market Impact Analysis of Drivers and Restraint
Figure 9. South and Central America Microplate Reader Market – Revenue Forecast and Analysis – 2019- 2027
Figure 10. Microplate Reader Market Share, by Type, 2019 and 2027 (%)
Figure 11. Single-Mode Microplate Reader: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 12. Absorbance Plate Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 13. Fluorescence Plate Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 14. Luminescence Plate Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 15. Multi-Mode Microplate Reader: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 16. Monochromator-Based Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 17. Filter-Based Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 18. Hybrid Readers: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 19. Microplate Reader Market Share, by Application, 2019 and 2027 (%)
Figure 20. Genomics & Proteomics Research: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 21. Drug Discovery: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 22. Clinical Diagnostics: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 23. Others: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 24. Microplate Reader Market Share, by End User, 2019 and 2027 (%)
Figure 25. Biotechnology & Pharmaceutical Companies: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 26. Research & Academic Institutes: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 27. Hospital & Diagnostic Laboratories: Microplate Reader Market– Revenue and Forecast to 2027 (USD Million)
Figure 28. South and Central America: Microplate Reader Market, By Key Country – Revenue (2019) (USD Million)
Figure 29. South and Central America: Microplate Reader Market Share by Country – 2019 & 2027, (%)
Figure 30. Brazil: Microplate Reader Market- Revenue and Forecasts To 2027 (USD Million)
Figure 31. Argentina: Microplate Reader Market- Revenue And Forecasts To 2027 (USD Million)
Figure 32. Rest of South and Central America: Microplate Reader Market- Revenue And Forecasts To 2027 (USD Million)
Figure 33. Impact Of COVID-19 Pandemic in South and Central America Market
The List of Companies - South and Central 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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