What is Global Lab Single-mode Microplate Readers Market?
The Global Lab Single-mode Microplate Readers Market is a specialized sector within the broader scientific and laboratory equipment industry. These devices are designed to measure and analyze biological, chemical, or physical reactions, properties, and changes in microplate wells. The single-mode microplate readers are specifically designed to perform one type of detection, such as fluorescence, luminescence, or absorbance. The global market for these devices is vast and diverse, encompassing a wide range of applications in various fields such as biotechnology, pharmaceuticals, diagnostics, and academic research. The market's growth is driven by the increasing demand for high-throughput screening and analysis in these fields, as well as the ongoing technological advancements in microplate reader technology.
Fluorescence Plate Readers, Absorbance Plate Readers, Luminescence Plate Readers in the Global Lab Single-mode Microplate Readers Market:
The Global Lab Single-mode Microplate Readers Market is segmented into three main types based on the detection mode: Fluorescence Plate Readers, Absorbance Plate Readers, and Luminescence Plate Readers. Fluorescence Plate Readers are used to measure the intensity of the fluorescent signal from a sample. They are widely used in various biological and chemical assays, including DNA sequencing, protein analysis, and cell viability studies. Absorbance Plate Readers, on the other hand, measure the amount of light absorbed by a sample. They are commonly used in colorimetric assays, such as ELISA and protein quantification. Lastly, Luminescence Plate Readers detect light emitted from a sample as a result of a chemical or biological reaction. They are typically used in assays that involve reporter genes, ATP quantification, and cell viability. Each of these types has its unique advantages and applications, contributing to the overall growth and diversity of the global market.
Biotechnology and Pharmaceutical Companies, Hospitals and Diagnostic Laboratories, Research and Academic Institutes in the Global Lab Single-mode Microplate Readers Market:
The Global Lab Single-mode Microplate Readers Market finds its usage in various areas such as Biotechnology and Pharmaceutical Companies, Hospitals and Diagnostic Laboratories, and Research and Academic Institutes. In Biotechnology and Pharmaceutical Companies, these devices are used for drug discovery and development, high-throughput screening, and quality control. They help in accelerating the drug discovery process by enabling rapid and accurate analysis of thousands of samples simultaneously. In Hospitals and Diagnostic Laboratories, microplate readers are used for various diagnostic tests, including infectious disease testing, allergy testing, and hormone level measurement. They provide quick and accurate results, thereby improving patient care and treatment outcomes. In Research and Academic Institutes, these devices are used for various research activities, including cell biology studies, genetic research, and biochemical analysis. They facilitate high-throughput data generation, thereby accelerating the pace of scientific research and discovery.
Global Lab Single-mode Microplate Readers Market Outlook:
Looking at the market outlook, the Global Lab Single-mode Microplate Readers Market was valued at a significant US$ 260 million in 2023. The market is projected to experience substantial growth, reaching an estimated value of US$ 399 million by 2030. This represents a compound annual growth rate (CAGR) of 6.4% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing demand for these devices in various sectors, including biotechnology, pharmaceuticals, diagnostics, and academic research, as well as the ongoing technological advancements in microplate reader technology.
| Report Metric | Details |
| Report Name | Lab Single-mode Microplate Readers Market |
| Accounted market size in 2023 | US$ 260 million |
| Forecasted market size in 2030 | US$ 399 million |
| CAGR | 6.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Consumption by Region |
|
| By Company | ThermoFisher, PerkinElmer, Tecan, BioTek, BIO-RAD, Molecular Devices, BMG Labtech, KHB, Promega, Biochrom, Berthold, Awareness, Rayto, Perlong, Autobio |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
