Molecular Microplate Readers and Washers Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Germany, UK, China, Japan - Size and Forecast 2024-2028

Molecular Microplate Readers and Washers Market 2024-2028

The global molecular microplate readers and washers market size is estimated to grow by USD 298.3 million, at a CAGR of 5.18% between 2023 and 2028. 

Manufacturers are responding to the increasing demand for microplate readers and washers by prioritizing continuous innovation. The market recently saw the introduction of advanced products, exemplified by Agilent Technologies' launch of the 405 TS Microplate Washer in June 2020. This next-generation device offers time-saving features and versatility for applications like cell-based assays and ELISAs. Equipped with updated software, it allows users to define specific good volumes post-aspiration, and an adjustable regulator fine-tunes vacuum pressure, safeguarding delicate cell layers. The microplate washer features a user-friendly touchscreen with password-protected protocols, ensuring security and ease of use. Therefore, the launch of technologically advanced products related to the global life sciences tools and services market is expected to drive market growth during the forecast period. 

Technavio has segmented the market into  Product, End-user, and Geography

• The product segment is classified into microplate readers and microplate washers.
• The end-user segment is classified into biotechnology and pharmaceutical companies, hospital and diagnostic laboratories, and others
• The geography segment includes key regions such as North America, Europe, Asia, and Rest of World (ROW)

It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018-2022, besides analyzing the current market scenario.

What will be the Size of the Market During the Forecast Period?

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Segmentation by Product, End-user and Geography Analysis

Product Analysis 

Microplate readers

The market share growth by the microplate readers segment will be significant during the forecast period. Microplate readers, also called microplate photometers, have various applications in life science research, bioassay validation, drug discovery, manufacturing processes, and QC in the pharmaceutical, food and beverage, and biotechnology industries and academic and research institutions. Microplate readers can assess six 1536 samples. The most used microplate reader is the 96-well type. 

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The microplate readers segment was the largest and was valued at USD 572.25 million in 2018. With increasing competition in the market and the availability of products with multiple detection modes, companies are focusing on innovations to increase the market penetration of products and, in turn, sales. Nowadays, handheld and cell phone-based cost-effective equipment are in demand. Microplate readers that can function on a 3D-printed mechanical and optical attachment to illuminate a 96-well plate with the help of an LED array are also being developed. Vendors such as Thermo Fisher Scientific are offering additional software programs along with microplate readers for improved output and reproducible data. Owing to such factors, the market is expected to witness growth during the forecast period.

Product Analysis 

Biotechnology and pharmaceutical companies

This segment accounts for the highest share in the market owing to the ever-rising demand for novel drugs and personalized medicines globally for treating various diseases and disorders. Further, the rising focus on pharmaceutical R&D has led to the emergence of novel therapies treating various carcinomas. Most of the time, this research is outsourced to CROs. However, such companies and institutions lack the required funds to conduct and complete their clinical trial research and rely on research grants from organizations. For instance, Bloodwise, a blood cancer research charity organization in the UK, offers funding to various research institutes and small pharmaceutical vendors for developing treatment options for blood cancer, including therapeutics. The organization awards grants of up to USD 320,000 for three years for research on novel therapies for blood cancer. Such research grants for developing therapies for blood cancer are expected to contribute to the growth of the segment, thereby driving the expansion of the market during the forecast period.

Hospital and diagnostic laboratories

Globally, there has been an increase in the prevalence of chronic diseases such as cancer, with approximately 10-13 million people being diagnosed with some form of cancer every year. Subsequently, there is a rising demand for instruments such as microplate readers and microplate washers that are used in day-to-day activities in hospitals and diagnostic centers to diagnose diseases earlier and improve therapies. In addition, the increasing use of automation is expected to further drive growth in the market. Hence, the increase in the number of hospitals and diagnostic centers and the growth of allied industries such as diagnostic imaging and molecular imaging is expected to create a substantial demand for microplate readers and washers from hospitals and diagnostic centers, which is driving the growth of the segment. This is expected to drive the growth of the market during the forecast period.

Regional Analysis

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North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. With the US being the leading country in terms of revenue. Recent advances in biotechnology and pharmaceutical research; a growing focus on drug and vaccine discovery and development for treating various lifestyle diseases; and the presence of several vendors, including Bio-Rad Laboratories, Thermo Fisher, and others in the US, supporting the growth of the market in North America. For instance, Bio-Rad Laboratories, a US-based company, offers various molecular microplate readers sold under the brand name iMark Microplate Absorbance Reader. It offers fast reading speeds, extensive onboard software capabilities, and a pre-programmed validation protocol for the Checkmark reader performance check plate.

Furthermore, according to the Food Safety Modernization Act (FSMA), the quality standards added to the supply chain are more focused on the prevention of health crises rather than having a reactive approach. Therefore, these regulations mandate strict guidelines for the determination of allergens in products before they are shipped to end consumers. As a result, enzyme-linked immunoassay (ELISA) tests are performed by the vendor and the United States Food and Drug Administration (US FDA) to ensure food safety, which is expected to drive the growth of the regional market, during the forecast period. 

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Key Market Players 

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Agilent Technologies Inc.  - The company offers molecular microplate readers and washers such as BioTek 406 FX Washer Dispenser, BioTek MultiFlo FX Multimode Dispenser, BioTek 405 TS Washer, BioTek EL406 Washer Dispenser, BioTek 50 TS Washer and others.

• Awareness Technology Inc.
• Berthold Technologies GmbH and Co.KG
• Bio Rad Laboratories Inc.
• Biosan
• BMG LABTECH GmbH
• Bruker Corp.
• Danaher Corp.
• Enzo Biochem Inc.
• Hidex Oy
• Hudson Robotics Inc.
• Lonza Group Ltd.
• LTEK co ltd.
• Mindray Bio medical Electronics Co. Ltd.
• Molecular Device LLC
• PerkinElmer Inc
• Promega Corp.
• Tecan Trading AG
• Thermo Fisher Scientific Inc.
• VSI Electronics Pvt. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Key Drivers, Trends, Challenges, and Customer Landscape

There are multiple factors influencing market growth. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, market trends and analysis, and challenges. 

Key Drivers

Rising investments in R&D related to the global life sciences tools and services market are notably driving the market development. The R&D spending on the global life sciences sector increased by more than 7.3% in 2021 when compared to 2020. In addition, the expenditure is primarily driven by factors such as the increase in chronic diseases, the ageing population, global population growth, and rising life expectancy. These factors are positively influencing the demand for molecular microplate readers and microplate washers in life sciences research. Hence, with the market growth analysis of the life sciences sector, the demand for analytical instruments such as microplate readers is expected to increase.

In addition, various government bodies are making efforts to increase R&D investments in the healthcare sector. Therefore, the increased fund allocation allows for easy procurement of advanced instruments such as microplate readers and microplate washers required for various processes in day-to-day routine wet-lab procedures. Considering all these factors, the market is expected to grow significantly during the forecast period.

Significant  Trends

The increasing number of conferences and symposiums aimed at promoting the efficiency of laboratory devices is an emerging trend influencing market growth. Recent developments in life science research have enabled precise characterization of cell lineage and cell state genetic profiles, as well as quantification of several biological and chemical assays using a microplate. In addition, the wide availability of reagent kits enables the abundant use of microplate readers in different fields and for many different applications. Moreover, various conferences and symposiums across the world have helped in upholding the varied applications and advanced technologies of microplate readers and microplate washers by making the scientific community aware of their efficacy.

Moreover, various companies, such as Molecular Devices, LLC., a subsidiary of DH Life Sciences, participated in the conference to showcase their latest microplate readers. Hence, the increasing number of conferences as such and symposiums aimed at promoting the efficiency of laboratory devices such as microplate readers and microplate washers, their applications, and advanced technologies will increase the adoption of microplate readers. These factors will drive the growth of the market during the forecast period.

Major  Challenges

Limitations associated with the functioning of microplate washers and microplate readers are a significant challenge hindering market growth and trends.  Microplate readers and washers are integral to protein and molecular biology research labs, but their compact design demands a precise setup for efficient functionality. Errors in setup can compromise experiments and yield inaccurate results, emphasizing the need for proper calibration. For instance, the intricate setup of microplate readers may lead to the mispositioning of dispensers, impacting molecular biology experiment accuracy. 

However, some microplate washers face challenges such as inadequate residual volume, limited flow rate control, and vacuum issues, resulting in damaged cells, poor wash quality, and unpredictable results. Liquid spills may require device replacement, incurring unnecessary overhead costs. Despite software solutions addressing these issues, widespread adoption remains pending, posing challenges to the market growth during the market forecast period.

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Key Market Customer Landscape

The market growth and forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market analysis and report also include key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

 Customer Landscape

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

• Product Outlook
  • Microplate readers
  • Microplate washers

• End-user Outlook
  • Biotechnology and pharmaceutical companies
  • Hospital and diagnostic laboratories
  • Others

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • Rest of World (ROW)
    • Brazil
    • Argentina 
    • Australia 

Molecular Microplate Readers and Washers Market Scope
Report Coverage	Details
Page number	166
Base year	2023
Historic period	2018-2022
Market forecasting period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 5.18%
Market Growth 2024-2028	USD 298.3 million
Market structure	Fragmented
YoY growth 2023-2024(%)	4.72
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 35%
Key countries	US, Germany, UK, China, and Japan
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Agilent Technologies Inc., Awareness Technology Inc., Berthold Technologies GmbH and Co.KG, Bio Rad Laboratories Inc., Biosan, BMG LABTECH GmbH, Bruker Corp., Danaher Corp., Enzo Biochem Inc., Hidex Oy, Hudson Robotics Inc., Lonza Group Ltd., LTEK co ltd., Mindray Bio medical Electronics Co. Ltd., Molecular Device LLC, PerkinElmer Inc, Promega Corp., Tecan Trading AG, Thermo Fisher Scientific Inc., and VSI Electronics Pvt. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Molecular Microplate Readers and Washers Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2024 and 2028
• Precise estimation of the size and its contribution of the market in focus to the parent market
• Detailed analysis of customer landscape covering Diver of price sensitivity, Adoption of the lifecycle, and key purchase criteria 
• Companies landscape comparing criticality of inputs and factors of differentiation
• Exclusive Matrix on companies position and classification
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of companies

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