The global Microplate Luminometers market size was valued at around US$ 585 million in 2022, with a 3.8% CAGR to US$ 850 million between 2022 and 2032.
Chemical and enzymatic luminescence testing is performed using Microplate Luminometers. These reactions employ a substrate, and each time it is operated with, luminescence is created, which may be detected and measured using Microplate Luminometers. Microplate Luminometers are used for a number of quality control operations, such as detecting the presence of bacteria in a water sample by measuring the quantity of ATP.
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Microplate Luminometers Market: Drivers and Restraints
Manufacturers are drawn to the Microplate Luminometers market because of its applications in a variety of industries, including biochemical, pharmaceutical, environmental, and biotechnological disciplines. The expansion of the Microplate Luminometers market is predicted to be driven by an increase in biotechnology and biochemical research, as well as an increase in government and company R&D investment.
The market for improved and next-generation Microplate Luminometers is expected to grow further as technology advances and the biotechnology and pharmaceutical sectors develop. Microplate Luminometers are expected to play an important role in personalised medicine, genetics studies, and cancer research, propelling 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
End-user demand and acceptance of Microplate Luminometers are likely to drive the global market’s rapid growth. The market is divided into single mode and multimode product categories, with multimode Microplate Luminometers likely to dominate the revenue share due to its extra features and applicability for a wide range of samples.
The global Microplate Luminometers market is divided into three categories based on assay type: glow type luminescence, flash type luminescence, and glow and flash type luminescence, with glow and flash type luminescence Microplate Luminometers expected 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
North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific except Japan (APEJ), Japan, and the Middle East and Africa (MEA) regions comprise the global Microplate Luminometers market. Because of high end-user demand, North America is likely to lead the global Microplate Luminometers market. Western Europe is predicted to follow with the second-largest market share, owing to increased device adoption and increased 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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