Growth in this market is largely driven by the introduction of technologically advanced products, a growing number of drug discovery programs through academic-industrial partnerships, and the high sensitivity of label-free technologies.
The global Label-free Detection Market size is estimated to be USD 431 million in 2020 and projected to reach USD 626 million by 2025, at a CAGR of 7.7%.
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Market Segmentation: -
On the basis of product & service, the label-free detection market is broadly segmented into instruments, consumables and software & services. The consumables segment is further segmented into biosensor chips, microplates and reagents & kits. In 2019, instruments accounted for the largest share of the label-free detection products market owing to the various technological advancements in label-free detection systems.
On the basis of technology, the market is categorized into five technology segments—surface plasmon resonance, bio-layer interferometry, differential scanning calorimetry, isothermal titration calorimetry, and other label-free detection technologies. The surface plasmon resonance segment accounted for the largest share in 2019, due to the high sensitivity of this technology and its wide usage in determining specificity, affinity, and kinetic parameters during the binding of macromolecules.
Key Market Drivers: –
1 Introduction of technologically advanced products
2 Growing number of drug discovery programs through academic-industrial partnerships
3 High sensitivity of label-free technologies
Regional Analysis: -
In 2019, Asia Pacific region accounted for the fastest growing region of the label-free detection market. It is also estimated to grow at the highest CAGR in the label-free detection market during the forecast period, this is mainly due to the rising awareness, increasing government support and funding, and growth in life science research.
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Top Key Players: -
Some of the leading players in the label-free detection market include Danaher (US), Sartorius AG (Germany), Waters Corporation (US), PerkinElmer Inc. (US), AMETEK, Inc. (US), HORIBA Ltd. (Japan), Spectris (UK), METTLER TOLEDO (US), Corning Incorporated (US), and Agilent Technologies, Inc. (US)
The Label-free Detection Market is expected to grow from USD 872 million in 2017 to USD 1.3 billion by 2022, at a CAGR of 8.5%.
Market growth is supported mainly by the growing pharmaceutical and biotechnology industries across the globe, innovations in label-free detection technologies, and the increasing number of drug discovery programs.Browse 110 market data Tables and 39 Figures spread through 147 Pages and in-depth TOC on "Label-free Detection Market by Technology (Surface Plasmon Resonance, Bio-layer Interferometry), Products (Consumables, Microplates, Biosensor Chips), Applications (Binding Kinetics, Thermodynamics, Lead Generation), End User - Global Forecast to 2022"View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/label-free-detection-market-32435593.htmlInstruments will continue to dominate the label-free detection products market in 2022By product, the label-free detection market is segmented into instruments and consumables.
With the help of technologically advanced instruments, pharmaceutical & biotechnology companies can streamline and simplify laboratory workflows to improve productivity and reduce costs.
These advantages are driving the adoption of label-free detection instruments.The bio-layer interferometry segment to register the highest growth between 2017 and 2022 Based on technology, the label-free detection market is segmented into surface plasmon resonance, bio-layer interferometry, isothermal titration calorimetry, differential scanning calorimetry, and other technologies.
As a result, this technology has gained wide acceptance in recent years.North America commanded the largest share of the label-free detection market in 2017Based on the region, the label-free detection market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW).
The availability of public and private funding for label-free detection, the increasing number of drug discovery and development research activities, and growth in the pharmaceutical & biotechnology industries are driving the market for label-free detection in North America.The prominent players in the label-free detection market are General Electric Company (US), Danaher Corporation (US), PerkinElmer (US), AMETEK (US), Roche (Switzerland), Corning (US), Hitachi High-Technologies Corporation (Japan), HORIBA (Japan), Shimadzu Corporation (Japan), and TA Instruments (US).Don’t miss out on business opportunities in NRemote Towers Market.
Data Bridge Market research presents the top quality and comprehensive Label-Free Detection Market research report which provides clear insights into market dynamics and prospects the whole market including global production, revenue forecast, value and volume.
This Label-Free Detection Market report deeply study competitive scenario and evaluated the crucial vendors with regard to product stratification and business strategies.
It analyzes the detailed insight with respect to industries and geographies.
The detailed information of the existed industries is the first acquired by the dedicated team to provide exact and accurate data of the market.Global Label-Free Detection Market is expected to rise from its initial estimated value of USD 0.93 billion in 2018 to an estimated value of USD 1.68 billion by 2026, registering a CAGR of 7.7% in the forecast period of 2019-2026Grab Sample Report + All Related Tables & Charts of Global Label-Free Detection Market Study Now @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-label-free-detection-marketMarket Definition: Global Label-Free Detection MarketLabel-free detection systems are the type of integrated systems which are used for the examination of the biomolecular interactions without reducing the labels or auto-fluorescent effects.
Label-free detection systems are used for the detection of biochemical and cell-based assaysTop Manufacturers Covered in the Report:Few of the major competitors currently working in the label-free detection market are General Electric, Danaher, Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd, Illumina, Inc., QIAGEN, Merck KGaA, Agilent Technologies Inc, Bio-Rad Laboratories, Inc., AMETEK, Inc, HORIBA, Ltd., Corning Incorporated, Attana, New England Biolabs, PerkinElmer Inc., Macrogen, Inc., Zymo Research, Abcam plc, Hitachi High-Technologies Corporation, Shimadzu Corporation, Malvern Panalytical Ltd., TA Instruments and others.Recent Developments in the Market:In April 2019, Hitachi High-Technologies Corporation announced that they will sale SU3800 and the oversized SU3900 scanning electron microscopes (SEMs) that have advanced functionalities for automated measurement and wide-angle camera navigation.In Feb 2019, Hitachi High-Technologies Corporation and Asia Clean Capital Limited announced that they both collaborated in distributed solar power project for development of Japanese enterprises operation in the China market.Competitive Analysis:Global label-free detection market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
The report includes market shares of label-free detection market for global, Europe, North America, Asia-Pacific, South America and Middle East & AfricaFocal points covered in this Label-Free Detection Market reportThis Label-Free Detection Market report provides pin point analysis of the market outlook and later establishes its comparison with current patterns.
