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Global Label-free Array Systems Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Label-free Array Systems Market
Global label-free array systems market was valued at US $ XX Mn in 2017 and expected to grow at 5.5% Compound Annual Growth Rate (CAGR) over 2018 to 2024
Market Outline: Label-free Array Systems Market
Label-free array systems are the devices that monitors the molecular interactions in an array format. These are used in identification and validation of new molecules. The system offers freedom to choose array format. The label-free array systems are used in the biotechnology and pharmacological industries.
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Market Dynamics: Label-free Array Systems Market
Increase in the prevalence of chronic diseases has driven the need for discovery of the drugs to treat ailments. Hence, for the identification or validation of new molecules these systems play a vital role and they also reduce the time and cost of the procedure which is expected to drive the growth of the label-free array systems market. The increasing number of biotechnology companies and growing collaborations and acquisitions among the pharmaceutical companies is adding fuel for the growth of the label-free array systems market. The rising investments in the research and development by the pharmaceutical and biotechnology companies are also boosting the growth of the market. However, the high cost of the equipment is expected to hinder the growth of the label-free array systems market.
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Market Scope: Label-free Array Systems Market
Label-free array systems market is segmented based on the technology, application, and end user
Based on the technology, the market is segmented into the following:
• Cellular Dielectric Spectroscopy
• Surface Plasmon Resonance
• Bio-layer Interferometry
• Others
Based on the application, the market is segmented into the following:
• Protein Complex & Cascade Analysis
• Drug Discovery
• Antibody Characterization & Development
• Protein Interface Analysis
• Others
Based on the end user, the market is segmented into the following:
• R&D Laboratories
• Contract Research Organizations
• Agriculture Research Institutes
• Others
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Regional Analysis: Label-free Array Systems Market
Geographically, global label-free array systems market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America label-free array systems market is the dominant market when compared with that of the other regional markets. The technological advancements laid a major scope for the growth of the market in this region. The presence of large number of pharmaceutical and biotechnology companies and increasing R&D expenditure are attributed for the growth of the market in this region. The Europe and Asia Pacific regions label-free array systems market is expected to grow at significant rate over the forecasted period owing to its developing research infrastructure and emerging economies.
Competition Assessment: Label-free Array Systems Market
Some of the players in the global label-free array systems market include:
• Danaher Corporation (U.S)
• Ametek, Inc(U.S)
• Bio-Rad Laboratories, Inc (U.S)
• PerkinElmer (U.S)
• Pall Corporation (U.S)
• General Electric Corporation (U.S)
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