MICROPLATE READERS MARKET ANALYSIS

Microplate Readers MarketSize and Trends

Market Dynamics

Increasing incidence of infectious diseases is propelling demand for development of fast and efficient therapeutics, vaccines, and other medications, which is propelling demand for microplate readers. Infectious diseases such as influenza and other vector borne diseases that requires high throughput screening for drug development are expected to drive growth of the global microplate readers market size. According to World Health Organization (WHO), 2017, the incidence of dengue increased significantly, indicating around 390 million dengue infections per year all around the world. According to the International Journal of Nanomedicine, 2015, an estimated 212 malaria cases were registered globally with 429,000 deaths. Moreover, increasing investments in research and development to upgrade the laboratories with advanced technologies that will help in accelerating the drug development procedure is also expected to fuel the growth of global microplate readers market. For instance, in September 2016, Biocon’s contract research arm, Syngene International established a multi-disciplinary development center and drug discovery research laboratory for Amgen in Bengaluru, named Amgen Research and Development Center (SARC). High penetration of alternate methods to carry out detection of biological procedures is expected to hinder the market growth.