Press release
Surface Plasmon Resonance Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Surface Plasmon Resonance
The growth of the surface plasmon resonance market is predicted to surge due to the rising implementation of personalized medicine. This personalized approach to healthcare leverages an individual's genetic, environmental, and lifestyle information to create treatment and prevention plans tailored specifically to them. The growing use of personalized medicine is prompted by progress in genomics, an upsurge in targeted therapies, and the need for more accurate and effective treatment options. Surface plasmon resonance plays a part in personalized medicine by enabling real-time examination of biomolecular interactions, assisting in the identification of certain biomarkers and the optimization of drug treatments for individual patients. For example, the Personalized Medicine Coalition reported in February 2024, that a U.S. hospital and healthcare organization revealed that the FDA approved 16 new personalized treatments for rare disease patients in 2023, up from 6 approved in 2022. The approvals for 2023 also include seven cancer drugs and three drugs for other illnesses and conditions. As a result, the amplified application of personalized medicine is stimulating the expansion of the surface plasmon resonance market.
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What is the future CAGR of the surface plasmon resonance market, and how will it impact industry expansion?
Recently, the surface plasmon resonance market has witnessed considerable expansion. Its size is projected to escalate from $1.19 billion in 2024 to $1.33 billion in 2025, reflecting a compound annual growth rate (CAGR) of 12.0%. This growth during the historical period is due to multiple factors including advancements in the field of biotechnology, heightened demand for drug discovery and development, an uptick in applications for clinical diagnostics, increased focus on protein interaction analyses, and a surge in academic research funding.
In the coming years, the surface plasmon resonance market size is projected to experience a significant surge, with anticipation to reach $2.07 billion in 2029 at a compound annual growth rate (CAGR) of 11.6%. The predicted expansion during this forecast period can be ascribed to an increase in demand for tailored medicine, a rise in food safety testing applications, a heightened focus on biomarker discovery, more usage in environmental monitoring, and growing acceptance in the agricultural biotechnology sector. Key trends expected during this period include a demand for label-free detection technologies, a shift towards personalized medicine, advancements in the field of nanotechnology, the evolution of compact and portable SPR systems, as well as the incorporation of artificial intelligence in data interpretation.
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What are the most significant trends transforming the surface plasmon resonance market today?
Leading players in the surface plasmon resonance market are innovating biomolecular analysis techniques, such as injection technology, to make several dilution series redundant. Injection technology consolidates biomolecular interaction analysis by integrating both sample dilution and injection, thereby accelerating data collection in surface plasmon resonance (SPR) with quick, single-injection kinetics, and affinity measurements. For example, Sartorius AG, a German pharmaceutical and laboratory equipment firm, debuted the Octet SF3 in April 2022. This next-gen surface plasmon resonance device is specifically crafted for high-throughput, label-free biomolecular interaction analysis and is suitable for both regular and sporadic users, thanks to its hard-wearing, low-upkeep design. The revolutionary OneStep and NeXtStep Gradient Injection technologies facilitate faster, high-grade kinetics and affinity data accumulation, considerably outdoing conventional methodologies. The device caters to the escalating international demand for antibody fragment characterization, vaccine study, and biologics discovery.
Which key market segments comprise the surface plasmon resonance market and drive its revenue growth?
The surface plasmon resonance market covered in this report is segmented -
1) By Product Type: Imaging System, Sensor System, Reagents
2) By Technology: Prism-Based Surface Plasmon Resonance (SPR), Grating-Based Surface Plasmon Resonance (SPR), Other Technologies
3) By Application: Drug Discovery, Drug Formulation, Controlled Drug Release, Drug Cell Interaction, Material Science, Biosensors
4) By End-User: Academic And Research Institutes, Food And Beverage Industry, Biopharmaceutical Companies, Contract Research Organizations (CROs), Other End-Users
Subsegments:
1) By Imaging System: 2D Imaging Systems, 3D Imaging Systems, High-Resolution Imaging Systems
2) By Sensor System: Optical Sensor Systems, Portable Sensor Systems, Multi-channel Sensor Systems
3) By Reagents: Binding Reagents, Sample Preparation Reagents, Stabilizing Reagents
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What regions are at the forefront of surface plasmon resonance market expansion?
North America was the largest region in the surface plasmon resonance market in 2024. The regions covered in the surface plasmon resonance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the surface plasmon resonance market?
Major companies operating in the surface plasmon resonance market are GE HealthCare Technologies Inc., Sartorius AG, Cytiva, Bio-Rad Laboratories Inc., Bruker Corporation, HORIBA Ltd., Quanterix Corporation, Jubilant Biosys Limited, Quantum Design Inc., Reichert Inc., NanoSPR Devices, Creative BioMart Inc., Biocompare, Carterra Inc., NICOYA AB, Biosensing Instrument Inc., Plexera LLC, Insplorion AB, BioNavis Ltd., Affinité Instruments, IBIS Technologies B.V., Bioptix Inc
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What Is Covered In The Surface Plasmon Resonance Global Market Report?
•Market Size Forecast: Examine the surface plasmon resonance market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the surface plasmon resonance market for a structured understanding.
•Key Players Overview: Analyze major players in the surface plasmon resonance market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the surface plasmon resonance market.
•Segment Contributions: Evaluate how different segments drive overall growth in the surface plasmon resonance market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the surface plasmon resonance market.
•Industry Challenges: Identify potential risks and obstacles affecting the surface plasmon resonance market.
•Competitive Landscape: Review strategic developments in the surface plasmon resonance market, including expansions, agreements, and new product launches.
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