Microplate Luminometers Market Illuminates Path to Reach US$ 850 Million Milestone by 2032

Between 2022 and 2032, the microplate luminometers market sales is projected to increase at a compound annual growth rate (CAGR) of 3.8%, from an estimated US$ 585 million in 2022 to US$ 850 million.Significant developments are currently being seen in the microplate luminosity market, which is indicative of a noticeable increase in demand for these specialised instruments. Microplate luminometers are essential tools for a wide range of scientific applications because they provide an accurate and efficient way to measure and identify light emissions. The biotechnology, pharmaceutical, and life sciences industries, where these instruments are used for a variety of research and diagnostic purposes, are the main drivers of the market’s expansion. Microplate luminometers are positioned to be crucial in supporting a variety of tests as scientific attempts depend more and more on accurate and high-throughput analysis, adding to developments in clinical research, molecular biology, and medication discovery. It is anticipated that market participants would prioritise technological innovations and cooperative endeavours to fulfil the changing needs of the scientific community.

Microplate luminometer are used to detect luminescence assay that are chemical and enzymatic reactions. These reactions uses a substrate and each time a substrate is acted upon, a luminescence is produced which can be detected and measured by microplate luminometer.

Microplate luminometer are used for variety of quality check experiments, for example, microplate luminometers measure the amount of ATP in water sample which gives an estimate about the presence of microbes in the sample.

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Gene expression studies and protein-gene or protein-protein interactions are precisely studied with microplate luminometers. Differential gene expression in identified infectious disease or cancer hold a promising applications for microplate luminometers.

Microplate luminometers are also used for quantitative verification and validation of biomolecules or chemical substances.

Microplate Luminometer Market: Drivers and Restraints

Microplate luminometers finds applications in various biochemical, pharmaceutical, environmental and biotechnological sectors which lure manufacturers in the microplate luminometer market.

Increasing biotechnology and biochemical research along with increasing increased research and development expenditure by government and manufacturers is expected to propel the growth of microplate luminometer in the market.

Advancing technology and developing biotechnological and pharmaceutical sector is estimated to further fuel the demand for modified and next-gen microplate luminometer in market.

Microplate luminometer is anticipated to play a role in personalized medicine, genetics study and cancer research which will promote the drive of microplate luminometer market even more over the forecast period. Rising demand for other assay quantifier devices such as fluorescence microplate reader, microplate absorbance reader, etc. pose a threat for the growth of microplate luminometer market.

Microplate Luminometer Market: Overview

The global market for microplate luminometer is expected to experience fast growth due to increasing demand and adoption of the device by end users. The global microplate luminometer market is segmented into single mode and multimode with respect to product type.

Multimode microplate luminometer is expected to register maximum market share in the terms of revenue owing to the additional features incorporated and being suitable to a wide range of samples.

On the basis of assay, the global microplate luminometer is segmented into glow type luminescence, flash type luminescence and glow and flash type luminescence, out of which glow and flash type luminescence microplate luminometer is estimated to grow with highest CAGR over the forecast years.

As per application, the market is divided into drug discovery, chemical kinetics, quality control and toxicology, bioassay validation and others. According to end users, the global microplate luminometer market is categorized into research laboratories, academic research institutions, biotechnology & biochemistry companies and food and beverage industries.

Amongst end users, biotechnology & biochemistry companies are expected to contribute highest revenue during the forecast time.

Microplate Luminometer Market: Regional Wise Outlook

Geographically, global Microplate Luminometer market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan (APEJ), Japan and the Middle East & Africa (MEA).

North America is expected to be the leader in global microplate luminometer market owing to the presence of high demand from the end users. Western Europe microplate luminometer marker is expected to register second highest share owing to the increasing adoption of the device and greater expenditure for biological and pharmaceutical research and developmental.

The microplate luminometer market in Asia Pacific excluding Japan is expected to expand at good CAGR due to increasing number of end users and presence of manufacturers. MEA microplate luminometer market is expected to register slow growth because of stagnant development in biochemical and therapeutic research.

 Key Players:

Some of the major players identified in the global microplate luminometer 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.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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The report covers exhaustive analysis on

• Microplate Luminometer Market Segments
• Microplate Luminometer Market Dynamics
• Microplate Luminometer Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
• Eastern Europe (Russia, Poland, Rest Of Eastern Europe)
• Asia Pacific Excluding Japan (China, India, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, Rest Of MEA)

Microplate Luminometer Market: Segmentation

Tentatively, the global microplate luminometer market has been segmented on the basis of treatment type, distribution channel, and geography.

Based on component, the global microplate luminometer market is divided into following:

• Multimode
• Single mode

Based on assay type, the global microplate luminometer market is divided into following:

• Glow Type Luminescence
• Flash Type Luminescence
• Glow and Flash Type Luminescence

Based on application, the global microplate luminometer market is divided into following:

• Drug Discovery
• Chemical Kinetics
• Quality Control and Toxicology
• Bioassay Validation
• Others

Based on end users, the global microplate luminometer market is segmented as below:

• Research Laboratories
• Academic Research Institutions
• Biotechnology and Biochemistry Companies
• Food and Beverage Industries

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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