Positive. The Microplate Reader Market projected to reach USD 941.32 million by 2032 at 7.6% CAGR.

From GlobeNewswire: 2024-12-06 09:00:00

The Microplate Reader Market is projected to reach USD 941.32 million by 2032, growing at a CAGR of 7.6% from 2024. Demand is driven by drug discovery, genomics, and diagnostic applications in pharmaceuticals, biotechnology, and research. Multi-mode readers dominate the market, supporting high-throughput screening and personalized medicine.

In 2023, multi-mode readers held a 65.0% market share due to their versatility in performing various assays on a single platform. They are crucial in drug discovery, clinical diagnostics, and academic research, with a projected rapid expansion. Drug discovery accounted for 40.0% of the market, with genomics and proteomics research growing rapidly.

North America leads the market, followed by Europe and the Asia Pacific region. Major pharmaceutical and biotechnology companies in the U.S. contribute to North America’s dominance. Europe is seeing steady growth in research and diagnostics, while the Asia Pacific region, particularly China, India, and Japan, is experiencing the fastest growth.

Recent developments in the market include the BioTek Epoch 2 Microplate Spectrophotometer and the SpectraMax iSeries Configurable Multi-Mode Microplate Reader, offering enhanced user interfaces and customizable features for improved workflows. 1. Market research and consulting agency S&S Insider provides in-depth analysis of the Microplate Reader Market. The report includes market definition, executive summary, research methodology, market dynamics impact analysis, statistical insights, competitive landscape, and regional analysis.

2. The report also covers market segmentation by product, application, and end-use, as well as company profiles, best practices, and conclusions. For deeper insights, interested parties can speak with expert analysts at S&S Insider.

3. S&S Insider aims to provide clients with current, accurate market data and insights to make confident decisions in a rapidly changing environment. Utilizing various research techniques like surveys and focus groups, the agency offers comprehensive market research services globally.



Read more at GlobeNewswire: Microplate Reader Market Projected to Grow at 7.6% CAGR,