Microplate Reader Market Size

Microplate Reader Market size was valued at USD 483.27 million in 2023 and is expected to reach USD 1.28 billion by 2036, expanding at around 7.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of microplate reader is evaluated at USD 513.43 million.

Microplate Reader are used in gene expression, testing of biochemical reactions and quantification of proteins. Technically, these readers, which takes few minutes or even seconds to analyze information, can handle multiple samples at a time, allowing researchers to analyze more amount of data in a single shot. With the rising competition among biotechnology companies to develop products using genomic technology, the demand for microplate reader is anticipated to increase over the coming years.