Press release
Microplate Reader Market Exhibit Steadfast Expansion by 2027 | Biotek Instruments, Hercuvan Lab Systems, Molecular Devices, Thermo Fisher Scientific, BMG Labtech and Others
Microplate Reader Market
The microplate reader market was valued at US$ 534.5 million in 2019 and is projected to reach US$ 704.4 million by 2027; it is expected to grow at a CAGR of 3.6%from 2020 to 2027.
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Market Insights
Increasing Incidence of Infectious Diseases Drives Microplate Reader Market Growth
Infectious diseases are among the leading causes of death worldwide. As per the WHO estimates, ~3–5 million people suffers from severe flu every year worldwide, and ~650,000 people die because of the disease. People with infectious diseases account for the majority of hospital admissions and clinical diagnostics. For instance, as per the CDC (Centers of Disease Control and Prevention), ~15.5 million people in the US consulted physicians in 2017, primarily for the diagnosis of infectious diseases. Clinical diagnostics help detect early signs and risk factors, making early intervention possible. Diagnostic tests have a decisive impact on each step of diagnosis—including screening, disease prevention, and early diagnosis, followed by identifying the responsible pathogen. The microplate reader market is driven by the growing incidence of infectious diseases and the increasing adoption of automated platforms in diagnostic laboratories.
Top Leading Companies
Biotek Instruments, Inc.
Hercuvan Lab Systems
Molecular Devices, LLC
Thermo Fisher Scientific
BMG Labtech
Promega Corporation
PerkinelmerInc
Bio-Rad Laboratories, Inc.
Tecan Trading AG
Lonza
Our expert team is consistently working on updated data and information of key player’s related business processes which values the market. For future strategies and predictions, we provide special section regarding covid-19 situation.
Due to the pandemic, we have included a special section on the Impact of COVID 19 on the Microplate Reader Market which would mention How the Covid-19 is Affecting the Market Trends and Potential Opportunities in the COVID-19 Landscape, Covid-19 Impact on Key Regions and Proposal for Disposable Incontinence Products (DIPs) Players to fight Covid-19 Impact.
The researchers have analysed the competitive advantages of those involved in the industries or in the Microplate Reader industry. While historical years were taken as 2020 – 2027, the base year for the study was 2020 . Similarly, the report has given its projection for the year 2020 apart from the outlook for years 2020 – 2027.
The objective of the researchers is to find out the sales, value, and status of the Microplate Reader industry at the international levels. While the status covers the years of 2020 – 2027, the forecast is for the period 2020 – 2027 that will enable market players to not only plan but also execute strategies based on the market needs.
The study wanted to focus on key manufacturers, competitive landscape, and SWOT analysis for the Microplate Reader Market. Apart from looking into the geographical regions, the report concentrated on key trends and segments that are either driving or preventing the growth of the industry. Researchers have also focused on individual growth trends besides their contribution to the overall market.
An outline of the regional analysis:
• Geographically, the report segments the Microplate Reader market into North America, Europe, Asia-Pacific, Southeast Asia, Middle East and Africa, South America.
• Contribution of each region to the overall market share, along with their growth rate forecast are mentioned in the report.
• Total sales and revenue generated by each regional market are illustrated.
• Comprehensive assessment of all opportunities and risks in the Microplate Reader market.
Microplate Reader market recent innovations and major events.
• A detailed study of business strategies for the growth of the Microplate Reader market-leading players.
• Conclusive study about the growth plot of the Microplate Reader market for forthcoming years.
• In-depth understanding of Microplate Reader market-particular drivers, constraints, and major micro markets.
• Favorable impression inside vital technological and market latest trends striking the Microplate Reader market.
Additional highlights of the Microplate Reader market report:
• The product offerings, company profiles, production patterns, and market remunerations are discussed at length.
• Pricing model followed by every company, plus their gross margins and market share are given.
• Volume predictions for each product category as well as their revenue share are graphed in the report.
• Other essentials such as market share and growth rate of each product category over the forecast timeframe are included.
• Market share held by each application segment and their projected growth rate during the study period are evaluated.
• The report examines the competition trends, and also offers a complete analysis of the industry supply chain.
Note: Access insightful study with over 150+ pages, list of tables & figures, profiling 10+ companies.
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