The global Microplate Luminometer Market was worth US$ 585 Million in the year 2022 and is expected to reach US$ 850 Million at a CAGR of 3.8% between 2022 and 2032.
Microplate luminometers are used for detecting various quality control experiments like measuring quantity of ATP in water sample, which does provide an estimation of microbes present in sample. Microplate luminometers do study gene expression with protein-gene/protein-protein interactions. They could also be used for quantifying and validating chemical substances or biomolecules.
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Microplate luminometer is likely to play a major role in genetics research, personalized medicine, and cancer research, or even further in forecast period.
At the same time, the fact that there are the other assay quantifier devices like microplate absorbance readers, fluorescence microplate readers coming up can’t be ignored. This fact is, in fact, expected to restrain the microplate luminometer market in the years to come.
Future Market Insights has entailed these findings with insights in its latest market study entitled ‘Microplate Luminometer Market’. It has its indigenous line in the form of analysts and consultants for deploying a 360-degree approach across macros and micros.
“With microplate luminometers being used at a large scale for detecting chemical and enzymatic luminescence assays, the global microplate luminometer market is likely to grow on a splendid note in the forecast period”, says an analyst from Future Market Insights.
Key Takeaways from Microplate Luminometer Market
- North America holds more than 40% of the market share owing to the US being home to several established biopharmaceutical companies and CROs herein. As such, there is an increase in frequency of infectious disease testing coupled with higher demand for ELISA-based tests, especially during as well as after pandemic.
- The Asia-Pacific is expected to grow at the fastest rate in the microplate luminometer market with countries like India and China ruling the roost.
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Competitive Luminometers
- Danaher Corporation, in April 2022, did launch Spectramax Mini Multi-Mode reader comprising a benchtop design conducive to academic laboratories.
- The other players in microplate luminometer market include Thermo Fisher Scientific, Inc., BMG Labtech, PeerkinElmer, Inc., Promega Corporation, Bio-Rad Laboratories, Lonza, Agilent Technologies, Inc., Enzo Life Sciences, Berthold Technologies GmbH.
What does the Report throw light on?
- The research study is based on component (multimode microplate luminometers and single mode microplate luminometers), assay type (glow type luminescence microplate luminometers, flash type luminescence microplate luminometers, and glow and flash type luminescence microplate luminometerss), application (microplate luminometers for drug discovery, microplate luminometers for chemical kinetics, microplate luminometers for quality control and toxicology, microplate luminometers for bioassay validation, and microplate luminometers for other applications), and end-user (microplate luminometers for research laboratories, microplate luminometers for academic & research institutions, microplate luminometers for biotechnology and biochemistry companies, and microplate luminometers for food and beverages vertical).
- With microplate luminometers being increasingly used in pharmaceutical, biochemical, biotechnological, and environment-oriented applications, the global microplate luminometer market is bound to grow on a good note in the forecast period.
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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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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