Microplate Readers Market to grow at a CAGR of 5.29% by 2021


    Global Microplate Readers Market Research Report 2017 to 2021 provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure of the Microplate Readers Market.

    Companies Mentioned are BioTek Instruments, PerkinElmer, Tecan, Thermo Fisher Scientific, Awareness Technology, Biochrom, Bio-Rad, BMG LABTECH, and Molecular Devices.

    The global Microplate Readers market consists of different international, regional, and local vendors. The market competition is foreseen to grow higher with the rise in technological innovation and M&A activities in the future. Moreover, many local and regional vendors are offering specific application products for varied end-users. The new vendor entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.

    Major points covered in Global Microplate Readers Market 2017 Research are:-

    • What will the market size and the growth rate be in 2021?
    • What are the key factors driving the global Microplate Readers market?
    • What are the key market trends impacting the growth of the global Microplate Readers market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Microplate Readers market?
    • What are the market opportunities and threats faced by the vendors in the global Microplate Readers market?
    • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
    • What are the key outcomes of the five forces analysis of the global Microplate Readers market?

    This independent 70 page report guarantees you will remain better informed than your competition. With over 160 tables and figures examining the Microplate Readers market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.

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    Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Microplate Readers in these regions, from 2012 to 2021 (forecast), covering Americas, APAC and EMEA.

    The report provides a basic overview of the Microplate Readers industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.

    Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Microplate Readers industry development trends and marketing channels are analyzed.

    Commenting on the report, an analyst from MIR’s team said: “The latest trend gaining momentum in the market is increasing focus on drug discovery and development. There is an increase in the focus on drug discovery and development by pharmaceutical and biotechnology companies. This is due to the increasing prevalence of various diseases such as HIV, acquired immune deficiency syndrome (AIDS), and cancer, which increases the financial burden of countries. Therefore, new drugs and therapies are required to successfully reduce the prevalence of these diseases. Research institutions are also utilizing microplate readers to better understand diseases at a molecular level to discover potential therapies. The biopharmaceutical shift within the drug development industry has increased the focus of drug developing countries to study the behavior of biological molecules in the formulation.”

    According to the report, one of the major drivers for this market is increasing automation in healthcare. Fully automated lab solutions can contribute toward cost savings and provide effective results to end-users such as doctors, laboratories, hospitals, organizations, and patients across the globe. Automated solutions can also contribute to considerable savings on labor as automation replaces manually intensive tasks and researchers can use the time for analysis and interpretation. Additionally, improved overall lab productivity can also be achieved through automated solutions as they are free from human errors.

    Further, the report states that one of the major factors hindering the growth of this market is lack of trained professionals. Most critical diagnostic tests are performed in laboratories by highly skilled staff. Critical diagnostic tests are at their infancy stage in developing countries. Most medical professionals and laboratory technicians lack knowledge about clinical diagnostics tests and their benefits. There is also a shortage of trained professionals who can handle newly developed technologically advanced diagnostic devices. Furthermore, as most experiments involving microplate readers work on experimental readings, any discrepancy or any incorrect recording of observations will lead to incorrect results.

    The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

    The research includes historic data from 2012 to 2016 and forecasts until 2021 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Microplate Readers on the basis of stating current situation of the industry in 2017 so as to make comprehensive organization and judgment on the competition situation and development trend of Microplate Readers Market and assist manufacturers and investment organization to better grasp the development course of Microplate Readers Market.

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