Global Label-free Array Systems Market Projected to Gain Significant Revenues of Worth US$1,722.9 Mn by 2024 End

Albany, US, May 17, 2018: Worldwide, label-free array systems are used in the drug discovery industry by pharmaceutical and biotechnology companies. To elaborate further on the market for label-free array systems, Market Research Hub (MRH) has publicized a new study to its massive repository. The research is titled as “Label-free Array Systems Market - Global Industry, Size, Share, Growth, Trends, and Forecast 2017 – 2024” which majorly aims to provide wide-ranging insights into the market current scenario and future growth prospects during the mentioned forecast period of 2017-2025. The global market growth has been analyzed in terms of revenue and volume estimates (in US$ Mn and Thousand Units), across different geographies such as North America, Europe, Asia-Pacific, Middle East and Africa and Latin America.

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Forecast Assumptions and Market DynamicsPresently, in order to meet the growing demand for new and effective drugs, pharmaceutical companies are demanding advanced label-free array systems that can help in reducing the high cost of drug identification and validation process. According to the research evaluations, the global label-free array systems market is likely to register a CAGR of 5.6% between 2017 and 2024. Also, by 2024 end, the market is projected to bring in US$ 1,722.9 Million revenue.The report further also adds that, due to the increasing prevalence of various chronic diseases worldwide, there has been the rapid rise in the drug discovery process. This, as a result, has given significant impetus to the market growth. Moreover, next-gen label-free technologies including a mass spectrometer, biochip/microarray, and others have shown positive results in identifying clinical microorganisms. Moving further, the research has been categorized into various segments and sub-segments for in-depth analysis, such as by technology, end users, and applications. Based on the technology, the segmentation includes Cellular dielectric spectroscopy, Surface Plasmon resonance, Bio-layer interferometry, and others. Among these, surface plasmon resonance technology is likely to see a significant growth in the global market for label-free array technology. They are being used for rapid label-free detection of microribonucleic acids liked with the disorders such as heart diseases and cancers. Major end-users are Agriculture Research Institutes, Contract Research Organizations, R&D Laboratories and others.

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From a geographical viewpoint, the research predicts that North America region will emerge as the leading region in the global market for label-free array systems. The rise in chronic and life-threatening diseases is resulting in the increase in drug discovery program in the U.S. This is leading to the increasing demand for label-free array systems. Competitive Outlook
Later, the authors of the report have decoratively profiled the key players in order to provide a sound understanding of how the competitive landscape could shape in the near future. F. Hoffmann-La Roche AG, Attana AB, Biacore, GWC Technologies, Agilent Technologies, ForteBio, PerkinElmer, Inc., Riot Block chain Inc., Molecular Devices LLC, and Bio-Rad Laboratories are some of the leading companies in the global label-free array systems market.

 

 

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