Global Microplate Luminometers market size was held at around US$ 585 million in 2022, rising at a 3.8% CAGR to US$ 850 million between 2022 and 2032.
Microplate Luminometers are used to detect chemical and enzymatic luminescence testing. These reactions use a substrate, and each time it is acted on, a luminescence is produced that may be detected and measured using a Microplate Luminometers. Microplate Luminometers are used for a variety of quality control procedures, such as detecting the presence of bacteria by measuring the amount of ATP in a water sample.
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Microplate Luminometers Market: Drivers and Restraints
The Microplate Luminometers market is attractive to manufacturers due to its applications in various sectors, including biochemical, pharmaceutical, environmental, and biotechnological fields. The growth of the Microplate Luminometers market is expected to be propelled by an increase in biotechnology and biochemical research, as well as an increase in research and development expenditure by government and manufacturers.
The demand for modified and next-gen Microplate Luminometers in the market is estimated to be further fueled by advancing technology and the development of the biotechnological and pharmaceutical sectors. Microplate Luminometers are anticipated to play a significant role in personalized medicine, genetics studies, and cancer research, thereby promoting the growth of the Microplate Luminometers market even further over the forecast period.
However, the rising demand for other assay quantifier devices, such as fluorescence microplate readers and microplate absorbance readers, poses a threat to the growth of the Microplate Luminometers market.
Microplate Luminometers Market: Overview
The demand and adoption of Microplate Luminometers by end-users are expected to fuel the fast growth of the global market. The market is segmented into single mode and multimode product types, with the multimode Microplate Luminometers expected to dominate the market share in terms of revenue due to its additional features and suitability to a wide range of samples.
Based on assay type, the global Microplate Luminometers market is segmented into glow type luminescence, flash type luminescence, and glow and flash type luminescence, with the glow and flash type luminescence Microplate Luminometers estimated to exhibit the highest compound annual growth rate (CAGR) over the forecast years.
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The market is divided into drug discovery, chemical kinetics, quality control and toxicology, bioassay validation, and other applications. In terms of end-users, the global Microplate Luminometers market is categorized into research laboratories, academic research institutions, biotechnology and biochemistry companies, and food and beverage industries, with biotechnology and biochemistry companies expected to contribute the highest revenue during the forecast period.
Microplate Luminometers Market: Regional Wise Outlook
The global Microplate Luminometers market is classified into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan (APEJ), Japan, and the Middle East & Africa (MEA) regions. North America is expected to lead the global Microplate Luminometers market due to high demand from end-users. Western Europe is expected to follow with the second-highest market share, driven by the increasing adoption of the device and higher expenditure on biological and pharmaceutical research and development.
The Microplate Luminometers market in the Asia-Pacific excluding Japan region is expected to expand at a good compound annual growth rate (CAGR) due to an increasing number of end-users and the presence of manufacturers. However, the MEA Microplate Luminometers market is expected to register slow growth due to stagnant development in biochemical and therapeutic research.
Microplate Luminometers Market: Key Players
Some of the major players identified in the global Microplate Luminometers market are Promega Corporation, Tecan Trading AG, Danaher Corporation, Berthold Technologies GmbH & Co. KG, Thermo Fisher Scientific, Meril Life Sciences Pvt. Ltd., Luminex Corporation, STRATEC SE, SAFAS and MicroDigital Co., Ltd.
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Key Segments Covered in the Microplate Luminometers Market Study
Microplate Luminometers Market by Component:
- Multimode Microplate Luminometers
- Single Mode Microplate Luminometers
Microplate Luminometers Market by Assay Type:
- Glow Type Luminescence Microplate Luminometers
- Flash Type Luminescence Microplate Luminometers
- Glow and Flash Type Luminescence Microplate Luminometers
Microplate Luminometers Market by Application:
- Microplate Luminometers for Drug Discovery
- Microplate Luminometers for Chemical Kinetics
- Microplate Luminometers for Quality Control and Toxicology
- Microplate Luminometers for Bioassay Validation
- Microplate Luminometers for Other Applications
Microplate Luminometers Market by End Users:
- Microplate Luminometers for Research Laboratories
- Microplate Luminometers for Academic & Research Institutions
- Microplate Luminometers for Biotechnology and Biochemistry Companies
- Microplate Luminometers for Food and Beverage Industries
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