Microplate Readers Market By Reader Type Single-mode Readers and Multi-mode Readers

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.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging