The global automated plate readers market is expected to grow at a CAGR of 10.68%, over the forecast period (2018-2023). Absorbance detection is used for plate readers for quantifying protein and other activities, via a specific light source connected through an optical filter, for analyzing the sample. Fluorescence detection is developed for detecting micro plate. It is more expensive than absorbance detection. In the pattern for fluorescence detection, the sample undergoes illumination through two optical systems. The main advantage for fluorescence detection is, it detects the sample with proper range as per sample size, for sensitivity. Luminescence detection is operated without a light source, as they consist of a light chamber for reading the sample. Light scattering detection is operated by passing the beam of light through the sample, with the help of a micro plate.
The operational and strategic needs of labs are continually changing, evolving, and expanding. The adoption of a new laboratory automation solution utilizes a workflow analysis and offers benefits to laboratories to a large extent. A workflow study will provide lab leaders with a transparent and data-driven picture of what the laboratory is doing right now. As the demand for testing and more test types, coupled with efficient usage of advanced diagnostic devices, and increasing automation increases, the laboratory equipment for laboratory automation is rising to meet the needs. The need for flexibility and adaptability in a laboratory is driving more number of laboratories to look for solutions that will help in growing their panel selections in diagnostic systems, along with the ability to offer flexibility to third-party providers.
The use of technology to streamline or substitute manual intervention of equipment and processes is known as lab automation. Technological innovations leading to device miniaturization and increased throughput, demand for replicable and accurate solutions to aid diagnostics/clinical research, and the need for efficient testing processes to off-set lack of highly skilled laboratory professionals, are the factors fuelling the growth in bioanalysis. This segment is expected to grow with the highest annual growth rate, during the forecast period. This is due to the snowballing investments and R&D activities in biotechnology and life sciences for applications in drug discovery, which propel the need for automated plate readers.
The market landscape in North America is extremely dynamic, with a high level of merger and acquisition activities and many high-value deals. The United States is a major contributor in this region. Asia-Pacific and Latin America are the emerging regions and are expected to grow at an exponential rate, owing to factors like considerable increase in outsourcing pharmaceutical manufacturing, due to the availability of cheaper resources and labors. Stringent regulations for classification of devices imposed by the US government and the FDA, to assure safety and effectiveness, along with the growing demand in the market, is also expected to drive the market for automated plate readers.
Major Players: Thermo Fisher Scientific, Beckman Coulter, Hudson Robotics, Becton Dickinson, Synchron Lab Automation, Agilent Technologies, Siemens Healthcare, Tecan Group Ltd, Perkinelmer, Bio-Rad, Roche Holding AG, Eppendorf AG, Shimadzu, and Aurora Biomed.
Looking to Customize Report?