What is Global Multi-mode Microplate Readers Market?
The Global Multi-mode Microplate Readers Market is a burgeoning field that has seen significant growth in recent years. These devices are used in laboratories worldwide to detect biological, chemical, or physical events of samples in microtiter plates. They are essential tools in analytical research and diagnostic testing, with applications in genomics, proteomics, and cell biology. The market for these devices is global, with demand driven by the need for high-throughput data collection in various fields of research and diagnostics. The market is characterized by the presence of several large and small vendors, offering a wide range of products with different features and capabilities. The competition among these vendors is intense, with each striving to gain a larger share of the market through innovation and the development of new products.
Filter-based Readers, Monochromators-based Reader, Hybrid Readers in the Global Multi-mode Microplate Readers Market:
The Global Multi-mode Microplate Readers Market is segmented into three main types: Filter-based Readers, Monochromators-based Readers, and Hybrid Readers. Filter-based readers are the most common type, offering high sensitivity and speed. They use a set of filters to select the desired wavelength of light for detection. Monochromators-based readers, on the other hand, use a monochromator to select the wavelength. This allows for more flexibility in wavelength selection, but at the cost of lower sensitivity and speed. Hybrid readers combine the advantages of both filter-based and monochromators-based readers, offering both high sensitivity and flexibility in wavelength selection. Each of these types has its own advantages and disadvantages, and the choice between them depends on the specific requirements of the application.
Biotechnology and Pharmaceutical Companies, Hospitals and Diagnostic Laboratories, Research and Academic Institutes in the Global Multi-mode Microplate Readers Market:
The Global Multi-mode Microplate Readers Market finds its applications in various sectors 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, screening of drug candidates, and quality control. In Hospitals and Diagnostic Laboratories, they are used for various diagnostic tests, such as immunoassays, cell viability tests, and genetic tests. In Research and Academic Institutes, they are used for various research purposes, such as studying cellular responses, protein-protein interactions, and gene expression. The demand for these devices in these sectors is driven by the need for high-throughput, accurate, and reliable data collection.
Global Multi-mode Microplate Readers Market Outlook:
Looking at the market outlook, the Global Multi-mode Microplate Readers Market was valued at a substantial US$ 165 million in 2023. The market is expected to experience a significant upswing, with projections estimating it to reach a value of US$ 255.4 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, driven by the need for high-throughput data collection in research and diagnostics.
| Report Metric | Details |
| Report Name | Multi-mode Microplate Readers Market |
| Accounted market size in 2023 | US$ 165 million |
| Forecasted market size in 2030 | US$ 255.4 million |
| CAGR | 6.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| 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 |
