LONDON--(BUSINESS WIRE)--The molecular microplate readers and washers market will witness an incremental growth of USD 270.80 million during 2020-2024, according to the latest pandemic recovery-based research report by Technavio. Factors such as imposition of worldwide lockdowns have partially halted operations and affected supply chains and logistics. This has further impacted economies around the globe, resulting in an overall slowdown during 2020. However, businesses are gradually carving out unique pathways to recover from the COVID-19 crisis. With the exemption of lockdowns, growing incorporation of active social distancing and remote working, and surging entries of players in digital marketplaces, various industry and market conditions are likely to improve by early 2021.
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COVID-19 Highlights
- Health Care industry will have Positive impact due to the pandemic
- Molecular microplate readers and washers market is expected to witness Neutral growth during 2020-2024
- Health Care Industry will witness Direct impact during the forecast period
- Molecular microplate readers and washers market growth is likely to Increase in 2020 compared to 2019 due to Positive YOY
Markets across the globe have faced the economic wrath of the pandemic and are dealing with uncertainties by banking on the online marketspace to reach out to a wider target audience. This molecular microplate readers and washers market research report encompasses all possible factors expected to drive the market growth and create opportunities for all the stakeholders in the supply chain. View detailed molecular microplate readers and washers market insights here: https://www.technavio.com/report/molecular microplate readers and washers market-industry-analysis
Key Molecular Microplate Readers and Washers Market Research Findings
- A CAGR of almost 5% is expected to be recorded in the molecular microplate readers and washers market during 2020-2024
- Microplate readers will hold the largest share. The availability of accessories such as software, along with microplate readers that can be customized, is driving the growth of the molecular microplate reader segment.
- North America will account for the highest incremental growth. Factors such as advances in biotechnology and pharmaceutical research, growing focus on drug and vaccine discovery and development for treating various lifestyle diseases, and the presence of several vendors in the US offering a wide range of products will significantly drive molecular microplate readers and washers market growth in this region over the forecast period.
- Increase in automation in healthcare will boost the molecular microplate readers and washers market growth
- Rising investments in R&D will have a positive impact on the molecular microplate readers and washers market
- High costs of instruments is likely to create hindrance for the molecular microplate readers and washers market
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Molecular Microplate Readers and Washers Market Vendor Participation Scenario
- Market is Fragmented
- Several leading companies in the market are focusing on restoring their economic activity
- Vendors are concentrating on growth prospects from fast-growing segments while retaining their positions in slow-growing segments.
- Prominent molecular microplate readers and washers market players are Agilent Technologies Inc., Avantor Inc., Bio-Rad Laboratories Inc., Biosan, Bruker Corp., Danaher Corp., Harvard Bioscience Inc., PerkinElmer Inc., Tecan Group Ltd., and Thermo Fisher Scientific Inc.
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Key Considerations for Market Forecast
- Products and services used to manage or contain the spread of COVID-19 virus
- Products and services used for the treatment of COVID-19 virus
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, base case, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- and post-COVID 19 market estimates
- Quarterly impact analysis as the spread reaches global level and updates on market estimates
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Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Microplate readers - Market size and forecast 2019-2024
- Microplate washers - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Biotechnology and pharmaceutical companies - Market size and forecast 2019-2024
- Hospital and diagnostic laboratories - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by End-user
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- Asia - Market size and forecast 2019-2024
- ROW - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Agilent Technologies Inc.
- Avantor Inc.
- Bio-Rad Laboratories Inc.
- Biosan
- Bruker Corp.
- Danaher Corp.
- Harvard Bioscience Inc.
- PerkinElmer Inc.
- Tecan Group Ltd.
- Thermo Fisher Scientific Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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