Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 550 Million | USD 700 Million | 4% | 2021 |
FrequentlyAsked Questions
The global microplate readers market stands to benefit from the research-oriented and future-forward benefits offered by microplate readers in comparison to the traditional spectrometer that works on solo small sample size by microplate readers offers a higher throughput like measuring a 96 well microplate within a few seconds or 1536 well plates in a matter of minutes.
According to Zion Market Research, the global microplate reader market was worth over USD 550 million in 2021 and is predicted to grow to around USD 700 million by 2028 with a compound annual growth rate (CAGR) of roughly 4% between 2022 and 2028.
An Increase in FDA approvals along with the rise in government funding for research activities is expected to aid North America to dominate the global microplate reader market growth
The global microplate reader market is dominated by leaders like BMG Labtech, Molecular Devices, LLC., Promega Corporation, Thermo Fisher Scientific, Lonza, Bio-Rad Laboratories, Inc., Hercuvan Lab Systems, Tecan Trading AG, and PerkinelmerInc.
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