Microplate
Readers Market, by Well Type (96 Wells, 384 Wells, 1536 Wells, and Others),
by Reader Type (Single-mode Readers and Multi-mode Readers), by End User
(Biotechnology and Pharmaceutical Companies, Research Institutes, Contract
Research Organizations and Others), and by Region - Size, Share, Outlook, and Opportunity
Analysis, 2018-2026
Microplate readers, also called
as microplate photometers are laboratory instruments used for the detection of
chemical or physical events of samples in microtiter plates. These plates are
used for various research experiments in bioassay validation, drug discovery,
manufacturing processes in biotechnological and pharmaceutical industries,
quality control, and academic organizations. The microplate readers are able to
detect physical, chemical or biological reactions by measuring emitted light.
These readers help to minimize operational time, save cost, and facilitates
researchers with easy data analysis through generation of actionable results.
Common detection modes for microplate assays include fluorescence, absorbance,
luminescence, fluorescence polarization, time resolved fluorescence, and
others. The sample reactions can be assayed from 6 wells to 1536 well type
microtiter plates. Multimode plate readers can perform a wide range of applications
that include protein and cell growth assays, ELISA, reporter assays, molecular
interactions, enzyme activity, ATP quantification, immunoassays, and others.
Higher density micro plates are used mostly for advanced screening applications
with a typical assay volume residing between 5-50 µl per well.
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Market Dynamics
Increasing incidence of
infectious diseases is propelling demand for development of fast and efficient
therapeutics, vaccines, and other medications, which is propelling demand for
microplate readers. Infectious diseases such as influenza and other vector
borne diseases that requires high throughput screening for drug development are
expected to drive growth of the global microplate readers market size.
According to World Health Organization (WHO), 2017, the incidence of dengue
increased significantly, indicating around 390 million dengue infections per
year all around the world. According to the International Journal of Nanomedicine,
2015, an estimated 212 malaria cases were registered globally with 429,000
deaths. Moreover, increasing investments in research and development to upgrade
the laboratories with advanced technologies that will help in accelerating the
drug development procedure is also expected to fuel the growth of global
microplate readers market. For instance, in September 2016, Biocon’s contract
research arm, Syngene International established a multi-disciplinary
development center and drug discovery research laboratory for Amgen in
Bengaluru, named Amgen Research and Development Center (SARC). High penetration
of alternate methods to carry out detection of biological procedures is expected
to hinder the market growth.
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Regional Insights
On the basis of region, the
global microplate readers market is segmented into North America, Latin
America, Europe, Asia Pacific, Middle East, and Africa. North America holds a
dominant position in the global microplate readers market and is expected to
retain its dominance over the forecast period. This dominance attributes to the
rising incidence of epidemic diseases as well as early diagnosis and treatment
of diseases. For instance, according to the Centers of Disease Control and
Prevention (CDC), 2017, the vector borne disease cases in the U.S. has tripled
from 2004 to 2016. Moreover, the paradigm shift of scientific bio-labs towards
automated tools for conducting various assays is fueling growth of the global
microplate readers market in North America region. For instance, in 2012,
Hudson Robotics, Inc. introduced SOLO Automated ELISA Workstation, with liquid
handlers and microplate readers as a simple, low-cost yet efficient ELISA
preparation workstation that supports serial dilutions to study concentration-dependent
effects.
Furthermore, Asia Pacific is
expected to witness a significant growth in the market, owing to developments
in healthcare infrastructure, increasing investment in research and development
by various regional pharmaceutical and biotechnology companies. For instance,
in October 2016, Sun Pharma, an India-based pharmaceutical company announced
plans to increase its research development by investing in a new R&D unit
at Madhya Pradesh, India.
Competitive Landscape
Key players operating in the
global microplate readers market include Thermo Fisher Scientific, Inc.,
PerkinElmer, Inc., MDS Analytical Technologies, Corning, Grenier Bio-One,
Tecan, BioTek Instruments, Inc., BMG LABTECH GmbH Instruments, Inc., and
others. Market players are focused towards providing technologically advanced
products to sustain their presence in the market. For instance, in August 2017,
BioTek Instruments, Inc. introduced next generation 800 TS microplate reader
and 50s washer that has a color touchscreen interface with easily programmed
onboard software to expand application base of microplate readers to kinetic
assays such as biomagnetic separation and others.
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