Microplate reader, a laboratory instrument, is designed for detecting and processing physical, chemical or biological reactions for experimental purpose. Useful in gene expression, testing biochemical reactions, and quantification of proteins, microplate readers are mostly utilised for the purpose of research in manufacturing, bioassay, and drug discovery. Microplate reader helps in analysing multiple samples simultaneously, utilising different formats involved with traditional measurements.
Advancements in technology over the recent past have made it possible for interactive user interface in including data acquisition from a microplate reader. They can either be semiautomatic or automatic, working remaining almost the same. Working on principle of luminescence, fluorescence, and absorbance, microplate reader’s basic technique involves measuring absorbed light through different compounds. Typically used on numerous samples for intensity measurements, microplate readers are also utilised for miniscule volume sample.
Automation in Microplate Readers has Removed Hurdles Faced by Traditional Measurements
Altering focus of research institutes and biotech companies are expected to fuel the growth of the global microplate reader market in the near future, according to a report by Future Market Insights (FMI). Recent advancements include capability of microplate reader in generating more reliable and flexible results as compared to traditional measurements, inclining focus of researchers towards microplate readers. The hurdles faced by traditional measurements are now removed owing to the automation in microplate reader.
With the advancements of detection and assays technologies in microplate format over the past few years, space-saving has come into realisation. Multimodal and user-friendly, microplate reader enables researchers in performing multiple types of assays in one instrument. These factors are foreseen to propel the market growth in the upcoming years. In contrast, availability of highly sophisticated alternatives are expected to restrain the growth of market.
Surging Utilisation of Microplate Readers across Multiple Domains Expected to drive its Market Growth
The market for microplate readers is significantly established and integral, continuously evolving coupled with more technological advancements. Microplate reader is gaining higher functionality, throughput, speed and flexibility owing to its surging utilisation across multiple domains. Varying functionalities and capabilities decide the microplate reader’s range. Growing necessity for users has resulted into a growth in demand for microplate readers. This has made companies to primarily focus on R&D for attaining higher market share. The global microplate reader market is projected to register a double-digit CAGR in the near future, according to FMI’s report.
Key market players are focusing mainly on reinforced lines of distribution channels as well as marketing for increasing the adoption of microplate readers. These players include Thermo Fisher Scientific Inc., BMG LABTECH GmbH Instruments, Inc., Corning Incorporated, Tecan Trading AG, BioTek Molecular Devices, LLC, and PerkinElmer Inc.
