Microplate Reader Market to witness significant growth to drive market expansion in the near future at a CAGR of 8.00% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Microplate Reader Market” that contains information from 2019 to 2032. The Microplate Reader market is estimated to register a CAGR of 8.00% during the forecast period of 2024 to 2032.

Market Highlights

The global Microplate Reader market is accounted to register a CAGR of 8.00% during the forecast period and is estimated to reach USD 1 billion by 2032.

The most important drivers propelling this market's growth are the high occurrence of illnesses like influenza and the growing patient awareness. The market is expected to rise because of its increasing application in contemporary medication discovery and development operations, as well as genomic and proteomic research. Growth in the market is predicted to be hampered by the rising cost of advanced and multi-mode microplate readers. Furthermore, the market's overall expansion would be hampered by the enormous expenditures needed for research and development.

Key Players

MRFR recognizes the following companies as the key players in the global Microplate Reader market— Danaher Corporation, Thermo Fisher Scientific, Inc., BMG Labtech, PerkinElmer, Inc., Promega Corporation, Bio-Rad Laboratories, Lonza, Agilent Technologies, Inc., Enzo Life Sciences, Berthold Technologies GmbH & Co. KG

Segment Analysis

The global Microplate Reader market has been segmented based on Product, Application and End-user.

On the basis of product, the market is segmented into Single-mode Readers and Multi-mode Readers. The Single-mode Readers segment was attributed to holding the largest market share in 2023. This is a result of their well-established presence and significant market penetration.

Based on application, the global Microplate Reader market has been segmented into Genomics & Proteomics Research, Drug Discovery, Clinical Diagnostics and Others. The Drug Discovery segment was expected to hold the largest market share in 2023. This is a result of the many applications that microplate reading tools have in the process of finding new drugs.

Based on end-use, the global Microplate Reader market has been segmented into Pharmaceutical & Biotechnology Companies & CROs, Academic & Research Institutions and Others. The Pharmaceutical & Biotechnology Companies & CROs segment was expected to hold the largest market share in 2023. This is due to the robust commercial performance of biopharmaceuticals and the quickly rising demand for CRO services.

Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Microplate Reader Market Research Report

Regional Analysis

The global Microplate Reader market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Microplate Reader market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Microplate Reader market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Microplate Reader market comprises the Middle East, Africa, and Latin America.

The largest market share for Microplate Reader was maintained by the North American regional sector. This is because of the region's well-established pharmaceutical and CRO industries as well as its high level of R&D activity; North America accounted for the greatest proportion. Additionally, the COVID-19 pandemic has led to a rise in the need for ELISA-based tests in the region and increased testing for infectious diseases, all of which have favorably impacted the growth of the North American market. The market for microplate readers is fueled by advancements in technology for life science research.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for the use of microplate readers for pathogen detection and immunoassays is growing in Europe due to a greater understanding of infectious illnesses and the value of early diagnosis and screening.

Additionally, due to the expanding life sciences sector and the increased interest of contract service providers in the region, the Asia Pacific region is anticipated to grow at the quickest rate. Expansion opportunities for biotechnology research are rising in emerging economies like China and India due to their rapid economic development and substantial expenditure in R&D activities. The expansion of government funding for regional laboratory and research projects is expected to drive market expansion.

Furthermore, the rest of the world's Microplate Reader market is divided into the Middle East, Africa, and Latin America. The growth in the market is predicted to be hampered by the rising cost of advanced and multi-mode microplate readers. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.

Key Findings of the Study

• The global Microplate Reader market is expected to reach USD 1 billion by 2032, at a CAGR of 8.00% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market because of the rise in emerging economies like China and India due to their rapid economic development and substantial expenditure in R&D activities.


• Based on application, the Drug Discovery segment was expected to hold the largest market share in 2023.


• Danaher Corporation, Thermo Fisher Scientific, Inc., BMG Labtech, PerkinElmer, Inc., Promega Corporation, Bio-Rad Laboratories, Lonza, Agilent Technologies, Inc., Enzo Life Sciences, and Berthold Technologies GmbH & Co. KG are the key market players.