Middle East and Africa Microplate Reader Market

Market Introduction

A microplate reader is laboratory machine used to estimate bio-chemical or physical reactions, properties, and analytes within the microplate well. It reduces operational time to save reagent costs, allowing researchers to commit more time to data analysis and create actionable insights.

Middle East and Africa Microplate Reader Strategic Insights

Strategic insights for the Middle East and Africa Microplate Reader provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East and Africa Microplate Reader Report Scope

Middle East and Africa Microplate Reader Regional Insights

The geographic scope of the Middle East and Africa Microplate Reader refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The Middle East and Africa microplate readers market is expected to reach US$ 19.79 million by 2027 from US$ 16.24 million in 2019; it is estimated to grow with a CAGR of 2.6% from 2020 to 2027. The growth of the market is attributed to some key driving factors such as increasing incidence of infectious diseases and consistent research in drug discovery activities. However, high cost of advanced microplate reader is the major factor hindering the market growth.

Infectious diseases are considered one of the leading causes of death worldwide. As per the WHO estimates, around 3–5 million people contract severe flu every year worldwide, and around 650,000 people die because of the flu. People with infectious diseases account for most hospital admissions and clinical diagnostics. Clinical diagnostics help detect early signs and risk factors, creating new opportunities for early intervention. Thus, the heavy burden of infectious diseases is expected to drive the growth of the microplate reader market during the forecast period. Diagnostic tests have a decisive impact on each step of diagnosis, from screening to help prevent certain diseases, early diagnosis at the onset of a disease, and identify the responsible pathogen. The microplate reader market is driven by the growing incidence of infectious diseases and the increasing adoption of the automated platform in diagnostic laboratories. Microplate readers are also used in the drug discovery and research, and pharmaceutical industries for screening applications. Hence, various research organizations are engaged in the research of novel therapeutics, which is further increasing the adoption of advanced analysis tools such as microplate readers.

The Coronavirus outbreak has highly affected the Middle East region. Since the beginning of 2020, the COVID-19 pandemic has caused enormous health, social and economic impacts on the countries, which is likely to continue in 2021. Even after some of these impacts have been mitigated or contained, there will be medium- and longer-term consequences like shortage of healthcare facilities and less production of medical equipment. With many laboratory and research services under acute pressure, the market for microplate reader is expected to be negatively impacted in the region.

Key Market Segments

Based on Type, the Middle East and Africa microplate readers market is segmented into single-mode microplate readers and multi-mode microplate readers. The single-mode microplate reader segment held a larger share of the market in 2019, whereas the multi-mode microplate readers segment is estimated to register a higher CAGR in the market during the forecast period.

Based on application Middle East and Africa microplate readers market is segmented into genomics & proteomics research, drug discovery, clinical diagnostics, and others. The drug discovery segment held the largest share of the market in 2019, whereas the clinical diagnostics segment is estimated to register the highest CAGR in the market during the forecast period.

Based on end user, the Middle East and Africa microplate readers market is segmented into hospital & diagnostic laboratories, biotechnology & pharmaceutical companies, and research & academic institutes. The biotechnology & pharmaceutical companies segment held the largest share of the market in 2019, and the same segment is estimated to register the highest CAGR in the market during the forecast period.

Major Sources and Companies Listed

A few of the primary and secondary sources associated with this report on the Middle East and Africa microplate reader market are the Center for Drug Evaluation and Research (CDER), World Health Organization (WHO) and Organization for Economic Co-operation and Development (OECD).

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MIDDLE EAST AND AFRICA MICROPLATE READER MARKET SEGMENTATION

By Type

• Single-Mode Microplate Reader
  • Absorbance Plate Readers
  • Fluorescence Plate Readers
  • Luminescence Plate Readers
• Multi-Mode Microplate Reader
  • Filter-Based Readers
  • Monochromator-Based Readers
  • Hybrid Readers

By

Application

• • Genomics & Proteomics Research
  • Drug Discovery
  • Clinical Diagnostics
  • Other

By End User

• • Pharmaceutical & Biotechnology Companies
  • Research & Academic Institutes
  • Hospital & Diagnostic Laboratories

By Country

• • UAE
  • South Africa
  • Saudi Arabia
  • Rest of Middle East and Africa

Company Profiles

• BioTek Instruments, Inc
• Hercuvan Lab Systems
• Molecular Devices, LLC
• THERMO FISHER SCIENTIFIC INC
• BMG LABTECH
• Promega Corporation
• PerkinElmer Inc.
• BIO-RAD LABORATORIES INC
• Tecan Trading AG
• Lonza