Multi-mode Microplate Readers Market Share

  • Report ID: 5800
  • Published Date: Mar 04, 2024
  • Report Format: PDF, PPT

Multi-mode Microplate Readers Market Share

North American Market Forecast

Multi-mode microplate readers market in the North American region is projected to hold the largest market share of about 30% during the forecast period. The growth of the market in this region is due to the region's technical advancements in life science research and development. In FY 2022, R&D Spending at US Universities Increased by USD 8 Billion. Academic institutions spent a total of USD 97.8 billion on research and development in FY 2022, an increase of USD 8.0 billion over FY 2021. Federally financed R&D expenses made up USD 4.9 billion of the overall increase. Furthermore, it is anticipated that the local presence of significant businesses like PerkinElmer, Inc., Danaher Corporation, and Agilent Technologies, Inc. will propel the market in the area. Additionally, the COVID-19 pandemic has led to a rise in the need for ELISA-based tests in the region and increased testing for infectious diseases, all of which have favorably impacted the growth of the North American market.

APAC Market Statistics

Multi-mode microplate readers market in the Asia Pacific region is attributed to holding the largest market share of about 27% during the forecast period. The market is rising significantly as a result of rising government support for laboratory and research operations, as well as an increase in research and development activities. Moreover, the growth is because of the region's increased interest from contract service providers and the expanding life sciences industry. Biotechnological research has more potential prospects due to the rapid economic development and large investments in R&D activities in rising economies like China and India. This is expected to drive market expansion.

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Multi-mode Microplate Readers Market size
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Author Credits:  Radhika Pawar


  • Report ID: 5800
  • Published Date: Mar 04, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The most important drivers propelling this market's growth are the high occurrence of illnesses like influenza and the growing patient awareness the major factors driving the growth of the multi-mode microplate readers market.

The market size of multi-mode microplate readers is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2024-2036.

The major players in the market are Thermo Fisher Scientific, Inc., BMG Labtech, PerkinElmer, Inc., Promega Corporation, Bio-Rad Laboratories, BioNTech SE, Agilent Technologies, Inc., Enzo Life Sciences, Berthold Technologies GmbH & Co. KG, and others.

The drug discovery segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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