Molecular Microplate Readers and Washers Market to grow at a CAGR of 5.18% during 2024-2028
The Molecular Microplate Readers and Washers Market is expected to grow at a CAGR of 5.18% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 298.3 million. Recent advancements in life sciences have significantly increased the demand for molecular microplate readers and washers in research and development. These technologies enable the precise measurement of genetic profiles and the quantification of various biological and chemical assays using microplates. The widespread availability of reagent kits further expands their applications across numerous fields. Major industry players, such as Molecular Devices, LLC., a subsidiary of DH Life Sciences, showcased their latest microplate reader innovations at various conferences and symposiums, underscoring the advanced technologies and diverse applications of these instruments. These events serve to inform the scientific community about the efficacy and versatility of molecular microplate readers and washers.
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Technavio analysts predict that the Microplate readers subsegment will lead the Product segment during 2024 and 2028 In the realm of life science research and development, microplate readers play a pivotal role, particularly in industries such as pharmaceuticals, food and beverage, biotechnology, and academic and research institutions. These instruments, also referred to as microplate photometers, support various applications, including bioassay validation, drug discovery, and quality control. Microplate readers can process 1536 samples in total, with the most common being the 96-well type, featuring a reaction volume of 100-200 µL per well. For high-content screening applications, microplates with higher configurations are employed, although there are associated cost considerations. Microplate readers can analyze samples based on absorbance, luminescence, and fluorescence, and are further segmented into single-mode and multi-mode types. Single-mode readers offer versatility, supporting applications like fluorescence, absorbance, luminescence, and time-resolved fluorescence.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish increase in automation in healthcare industry
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Title: Molecular Microplate Readers and Washers Market: A Control Engineering Perspective in Process Industries Molecular microplate readers and washers have become indispensable tools in process industries, particularly in laboratories and research facilities. These devices enable automated and high-throughput analysis of biological samples, playing a crucial role in fields such as pharmaceuticals, biotechnology, and food and beverage industries. Control engineering plays a significant role in the integration of these systems into process control systems. Programmable Process Controllers (PPCs) with Standard Function (SF) blocks and Ladder Logic programming are commonly used for controlling microplate readers and washers. Programming languages like C, C++, and Python are also employed for more complex applications. Inputs and outputs, digital interfaces, Ethernet, and actuators are essential components for interfacing microplate readers and washers with PLCs. Sensors, such as temperature and pressure sensors, are used to monitor the environment and ensure optimal operating conditions. Robotic systems, assembly lines, and electromechanical equipment often require PLC programming for coordinated control. Human Machine Interfaces (HMI) facilitate easy operation and monitoring of these systems. Microprocessors and Central Processing Units (CPUs) power the control logic, enabling real-time data processing and analysis. In conclusion, the molecular microplate readers and washers market continues to grow in process industries, driven by the need for automation, increased productivity, and data-driven decision making. Control engineering plays a vital role in integrating these systems into existing process control architectures, ensuring seamless operation and improved efficiency.
According to Technavio, the global molecular microplate readers and washers market is a significant segment of the expansive life sciences tools and services market. This market encompasses organizations involved in the research and development (R&D) of various product categories, such as capital equipment, instruments, accessories, and consumables. These products are utilized in the pharmaceutical and biotechnology industries for R&D purposes, as well as in laboratory diagnosis of various diseases. Furthermore, the market includes life sciences-related services, including contract research, contract manufacturing, and contract sales. Technavio determines the size of the global healthcare market by calculating the combined revenue generated by manufacturers of equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services.
The Molecular Microplate Readers and Washers Market is experiencing significant growth, fueled by the increase in automation in healthcare industry. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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