Press release
Global label-free detection market likely to drive due to the increasing demand of biomolecular analysis in pharmaceutical & biotechnology industry
Global label-free detection market size is projected to grow at a CAGR of over 11.2% during 2020–2027. The primary factors are the rise in demand for drug discovery, innovation in technology, and increasing R&D expenditure. Additionally, label-free detection technology offers sensitivity and efficiency improvement for medicine research activities. Moreover, the increasing adoption of innovative approaches in drug discovery, rising investments made by private and government bodies, and increasing adoption of innovative practices in drug discovery will boost the industry growth during the forecast period. The market growth is also rising due to the rapid utilization of label-free detection technology to study chronic diseases and the rising demand for drugs. Furthermore, the increasing incidence of chronic conditions such as cancer, diabetes & other neurological disorders and increasing demand for therapeutics and vaccines are expected to foster the growth of the label-free detection industry.Request free sample report of this research report: www.shingetsuresearch.com/sample-enquiry-form/
Product Overview in the Global Label-free detection Market
Based on product, the global label-free detection market is classified into consumables and instruments. The consumables segment is further classified into reagents, microplates, biosensor chips, and kits. The instrument’s segment accounted for the highest market share in 2019. It is attributable to rising adoption in biochemical and cell-based drug discovery applications.
Technology Overview in the Global Label-free detection market
Based on the technology, the global label-free detection market is segregated into biolayer interferometry, isothermal titration calorimetry, differential scanning calorimetry, surface plasmon resonance, and other detection technologies. The surface plasmon resonance segment held a higher revenue share in 2019 and is projected to dominate the Label-free detection market by 2027. It is due to its broad compatibility with biomolecules and rising adoption for detecting molecular interactions.
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Application Overview in the Global Label-free detection Market
Based on the application, the global label-free detection market is segregated into binding kinetics, binding thermodynamics, endogenous receptor detection, hit confirmation, lead generation, and others. The imperative kinetics segment held a higher revenue share in 2019 and projected to dominate the Label-free detection market by 2027. It is primarily attributed to monitoring biomolecular interactions with native binding partners and providing more accurate biochemical data.
End-User Overview in the Global Label-free detection Market
Based on end-user, the global label-free detection market is classified into pharmaceutical & biotechnology companies, CROs, academic and research institutes. The pharmaceutical & biotechnology companies segment will garner higher market potential by 2027 due to the increased adoption of label-free detection technology in the drug development process and clinical testing.
Regional Overview in the Global Label-free detection Market
The global label-free detection market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa by geography. North America is estimated to account for a significant share by 2027 in the Label-free detection market. The revenue in the region can be attributed to the presence of leading market players offering innovative technology, growing pharmaceutical & bio pharmaceutical R&D spending, and rising government funding for drug discovery & development. However, The Asia Pacific is expected to provide significant growth opportunities due to the rising prevalence of chronic diseases and growing healthcare infrastructure in the countries like China and India.
Global Label-free Detection Market: Competitive Landscape
Companies such as Danaher Corporation, PerkinElmer, F. Hoffmann-La Roche Ltd, Waters Corporation, Hitachi Ltd, General Electric Company, Malvern Panalytical Ltd, Sartorius Stedim Biotech S.A., Mettler-Toledo International Inc, HORIBA Ltd, Corning Incorporated, AMETEK Inc. and Agilent Technologies Inc. are the key players in the global label-free detection market.
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