Microplate Readers Market is Projected to Grow a CAGR of 5.7% Between 2023 and 2030
The Microplate Readers Market is a dynamic and rapidly growing sector within the biomedical research and life sciences industries. These sophisticated laboratory instruments have become indispensable tools for researchers and scientists seeking efficient and accurate analysis of biological and chemical reactions in microplates. Microplate Readers Market was valued at USD 527.78 Million in 2022 and is projected to reach USD 822.33 Million by 2030, growing at a CAGR of 5.7% during the forecast period. Market Definition: A Microplate Reader, also known as a Microtiter Plate Reader, is a sophisticated laboratory instrument designed to detect and quantify biological and chemical reactions that occur in microplates. These microplates are typically made of plastic or glass and contain an array of wells that can hold small volumes of liquid samples. Market Drivers: The expanding scope of research in drug discovery, genomics, proteomics, and personalized medicine has fueled the d...