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.
Market Taxonomy
On the basis of well type, the global microplate readers market is segmented into:
•96-Wells
•384-Wells
•1536-Wells
•Others
On the basis of reader type, the global microplate readers market is segmented into:
•Single Mode Readers