Microplate Reader Market Share

On the basis of regional analysis, the microplate reader market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

North America industry is poised to hold largest revenue share by 2037, led by availability of advanced treatment methods, and rapidly improving healthcare infrastructure. According to the statistics by the Centers for Medicare & Medicaid Services (CMS), in 2019, the national health expenditure growth of the United States was 4.8% on an average and is estimated to touch about USD 6 trillion by 2027. On the other hand, the microplate reader market in Asia-Pacific is anticipated to hold significant market share on account of increasing demand for laboratories, backed by increasing population and rising awareness among individuals regarding their health.