Middle East and Africa Microplate Reader Market – Industry Trends and Forecast to 2030

Middle East and Africa Microplate Reader Market Analysis and Size

The increasing R&D activities in the pharmaceuticals sector for managing chronic conditions worldwide have led to the market's growth. The microplate reader has been in high demand lately due to increased research and development and diagnostics activities related to the new coronavirus. Furthermore, manufacturers have discovered detectors and associated detection methods for microplate readers which have evolved to assist high throughput screening and allowed a faster turnaround time with increased accuracy for multiple drug screening applications.

Data Bridge Market Research analyses a growth rate in the Middle East and Africa microplate reader market in 2023-2030. The expected CAGR of the Middle East and Africa microplate reader market tends to be around 3.60% in the mentioned forecast period. The market was valued at USD 17.29 million in 2022 and would grow to USD 22.94 million by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Middle East and Africa Microplate Reader Market Scope and Segmentation

Market Definition

The microplate reader is widely used in laboratories, labs, hospitals, research institutes, and clinics to study numerous segments by measuring the emitted light. There are numerous microplate readers with automated nucleic acid purification systems, single-mode microplate readers, automated ELISA systems, and multimode microplate readers. Also, microplates created from virgin polymers have strong chemical and heat resistance, can survive extreme temperatures for long sample storage, have low extractability, and have good biocompatibility.

Middle East and Africa Microplate Reader Market Dynamics

Drivers

• Increasing Demand for Single-Mode Readers

The increasing use of single-mode users in several academic and industrial research and development settings increases market growth. Additionally, these instruments are less costly than multimode readers. Several companies such as Biotek Instruments, Inc. and Tecan Group Ltd. offer modular single-mode reader designs, which can be modified as required. In addition, these readers are moderately easy to operate and are provided by several manufacturers. Thus, the availability of a wide range of alternatives is estimated to boost the market's growth. Thus, this factor boosts market growth.

• Rising Adoption of Readers in Genomics and Proteomics

The increasing demand for several new approaches in proteomics and genomics is boosting the growth of microplate systems. The microplate systems and readers are mainly used in genomics and proteomics research for advanced genotyping assays, DNA quantification methods, and some staining techniques and others. Multimode microplate readers are widely used for the ideal measurements of advanced genomics and proteomics techniques for effective sensitivity and flexibility. Therefore, the wide use of microplate systems in genomics and proteomics research is anticipated to boost the market's growth because of several advantages.

Opportunities

• Increasing Healthcare Expenditure for Microplate Reader

The growing government funding for genomics and proteomics research is anticipated to grow the market. For instance, the Spanish government invested EUR 25 million in genomic, precision, and data science over the next three years under a new precision medicine infrastructure associated with science and technology projects in 2020. Several investments are anticipated to contribute to the high usage of microplate systems in different genomic and proteomics research activities. Thus, this factor boosts market growth.

• Increasing Product Launches by Market Players  

Numerous major participants are adopting strategic formulations such as new product development to increase market growth. For instance, Integra launched the WELLJET family of dispensers in 2022 to decrease running costs, surge productivity and provide longer walk-away time for bulk microplate filling and reagent dispensing. Thus, this factor boosts market growth.

Restraints/Challenges

• High Cost of Readers

The increasing cost of both the readers will impede or restrict the adoption of the devices, hindering the market growth. The rise in the price of multimode and developed microplate readers is expected to obstruct market growth. The huge investments required for research and development to launch numerous innovative products will also hinder the market's growth. All these major factors impede the growth of the market.

This Middle East and Africa microplate reader market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Middle East and Africa microplate reader market, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In 2020, Biotek Instruments, Inc. launched its new Cytation 7 Cell Imaging Multimode Reader, combining microscopy and multimode detection capabilities in a single instrument.
• In 2020, Enzo Biochem launched a portable microplate reader compatible with the company's immunoassays and molecular diagnostic assays. As microwell plates are generally used in enzyme-linked immunosorbent assays and molecular tests, this launch is expected to increase the demand for COVID-19-related offerings of microplate readers.

Middle East and Africa Microplate Reader Market Scope

The Middle East and Africa microplate reader market is segmented on the basis of well system, product type, application, end-user, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Well System

• 96 Wells
• 384 Wells
• 1536 Wells
• Others

Product Type

• Multimode Microplate Readers
• Filter-Based Readers
• Monochromator-Based Readers
• Hybrid Readers
• Automated ELISA Systems
• Automated Nucleic Acid Purification Systems
• Single-Mode Microplate Readers
• Absorbance Plate Readers
• Fluorescence Plate Readers
• Luminescence Plate Readers

Application

• Protein and Nucleic Acid Detection
• Enzyme-Linked Immunosorbent Assay
• Others

End-user

• Biotechnology and Pharmaceutical Companies
• Contract Research Organizations
• Diagnostic Laboratories, Hospitals
• Research and Academic Institutes
• Others

Distribution Channel

• Direct Tender
• Retail Sales

Middle East and Africa Microplate Reader Market Regional Analysis/Insights

The Middle East and Africa microplate reader market is analysed and market size insights and trends are provided by well system, product type, application, end user, and distribution channel as referenced above.

The major countries covered in the microplate reader market report are Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

South Africa is anticipated to lead the market due to growing awareness regarding microplate reader systems. Also, the demand for small-volume genomic and proteomics analysis for life science research further boosts the growth in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The microplate reader also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for microplate reader market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the microplate reader market. The data is available for historic period 2011-2021.

Competitive Landscape and Middle East and Africa Microplate Reader Market Share Analysis

The Middle East and Africa microplate reader market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Middle East and Africa microplate reader market

Key players operating in the Middle East and Africa microplate reader market include:

• Bio-Rad Laboratories Inc. (U.S.)
• PerkinElmer (U.S.)
• Danaher (U.S.)
• Thermo Fisher Scientific (U.S.)
• Agilent Technologies Inc. (U.S.)
• Biotron Healthcare Pvt. Ltd. (Germany)
• Promega Corporation (U.S.)
• Enzo Life Sciences Inc. (U.S.)
• Berthold Technologies GmbH & Co. K.G. (Germany)
• Biochrom (U.K.)
• Corning Incorporated (U.S.)
• Lonza (Switzerland)
• Brucker (U.S.)
• Dynex Technologies (U.S.)
• Bio-One International GmbH (Austria)
• Accuris Instruments (U.S.)
• CTK Biotech Inc. (U.S.)
• LTEK (South Korea)
• JASCO (Japan)

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