Multi-mode Microplate Readers Market Size

Multi-mode Microplate Readers Market size is expected to reach USD 1.25 Billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of multi-mode microplate readers was USD 500 Million. The most important drivers propelling this market's growth are the high occurrence of illnesses like influenza and the growing patient awareness. According to a study, this flu season has already resulted in at least 25 million illnesses, 280,000 hospital admissions, and 17,000 fatalities.

In addition, the market is seeing the rise of small and portable microplate readers, which increase their accessibility for use in point-of-care environments and small laboratories. The ease of use and affordability of these little devices contribute to their increasing popularity.