MICROPLATE READERS MARKET ANALYSIS

Regional Analysis

Regional Insights

On the basis of region, the global microplate readers market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds a dominant position in the global microplate readers market and is expected to retain its dominance over the forecast period. This dominance attributes to the rising incidence of epidemic diseases as well as early diagnosis and treatment of diseases. For instance, according to the Centers of Disease Control and Prevention (CDC), 2017, the vector borne disease cases in the U.S. has tripled from 2004 to 2016. Moreover, the paradigm shift of scientific bio-labs towards automated tools for conducting various assays is fueling growth of the global microplate readers market in North America region. For instance, in 2012, Hudson Robotics, Inc. introduced SOLO Automated ELISA Workstation, with liquid handlers and microplate readers as a simple, low-cost yet efficient ELISA preparation workstation that supports serial dilutions to study concentration-dependent effects.

Furthermore, Asia Pacific is expected to witness a significant growth in the market, owing to developments in healthcare infrastructure, increasing investment in research and development by various regional pharmaceutical and biotechnology companies. For instance, in October 2016, Sun Pharma, an India-based pharmaceutical company announced plans to increase its research development by investing in a new R&D unit at Madhya Pradesh, India.