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Label-Free Detection Market Growth and Business Opportunities in Coming Years

01-24-2020 12:54 PM CET | Health & Medicine

Press release from: MarketsandMarkets.com

Label-Free Detection Market Growth and Business Opportunities

Label-free detection is gaining widespread acceptance as an important research and development tool in biotechnology and pharmaceutical industries as well as in academic research. It helps in the investigation of biomolecular interactions without using fluorescent labels, which usually cause spatial interference or quenching. The major advantage offered by label-free technology is that it can help in the study of varied cell types and targets.

Label-free detection is a highly sensitive method used for the measurement of endogenous targets in live cell assays, without the use of dyes, labeling reagents, and engineered cells. Owing to this, label-free detection is used widely in basic research, drug discovery, and drug development.

The global label-free detection market is expected to reach USD 1.31 Billion by 2022 from USD 0.87 Billion in 2017, at a CAGR of 8.5% during forecast period.

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Innovations in label-free detection technologies, increasing drug discovery programs through research partnerships between pharmaceutical companies and academic institutes, and growth in the global pharmaceutical and biotechnology industries are factors driving the growth of this market. The development of more sensitive label-free technologies and rising life science research activities in emerging markets are expected to provide a range of growth opportunities for players in the market

Bio-layer interferometry technology segment is projected to register a higher CAGR during the forecast period. It is a fast and high-throughput technology that allows real-time analysis for the determination of affinity, kinetics, and concentration. Bio-layer interferometry has gained major acceptance in the recent years owing to its ability to detect rapid real-time biomolecular interactions (for instance, protein-protein interactions) in micro-volume sample sizes.

Geographical Region Covered

North America is expected to account for the largest share of this market. Increasing research activities in drug discovery and development, growing number of biotechnology and pharmaceutical companies, and higher investments for label-free detection as compared to other regions are the key factors driving the growth of the label-free detection market in North America.

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Key Market Players

General Electric Company, PerkinElmer, AMETEK, Corning Incorporated, Malvern PANalytical, TA Instruments, F. Hoffman-La Roche AG, Hitachi High-Technologies Corporation, HORIBA , Shimadzu Corporation, , Danaher Corporation, Mettler-Toledo International, BiOpti, Wyatt Technology Corporation.

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