Global Label-Free Detection (LFD) Market to Grow 10.76% CAGR to 2021 – Analysis of Bio-Rad Laboratories, GE Healthcare, and F.Hoffman-La Roche

MarketResearchNest.com adds “Global Label-Free Detection (LFD) Market 2017-2021” new reports to its research database. The report spread across 76 pages with tables and figures in it.

The research analysts forecast the global label-free detection (LFD) market to grow at a CAGR of 10.76% during the period 2017-2021.

LFD technology is used in the process of drug discovery. The main use of LFD technology is kinetics and analysis during drug discovery. LFD technology is widely used for end-point screening and specificity testing. Some of the benefits of LFD technology include faster turnaround time, real-time kinetic analysis, and others. LFD technology has replaced radioactive assay and enzyme-linked immunosorbent assay (ELISA). It helps study the interaction between drug and target.

Get more details about report at https://www.marketresearchnest.com/global-label-free-detection-lfd-market-2017-2021.html .

Technavio recognizes the following companies as the key players in the global label-free detection (LFD) market: Bio-Rad Laboratories, GE Healthcare, and F.Hoffman-La Roche.

Other Prominent Vendors in the market are: AMETEK, Attana, BiOptix, Corning, Juno Therapeutics, Pall, and SymCel.

One trend in the market is potential opportunities for POL. Across the globe, there is neither uniformity nor support for the use of decentralized IVD tests in primary healthcare and outpatient settings. These tests are often performed in POL. The payers, regulators, and administrators are required to address the importance of POL testing as there are technical advances in portable IVD instruments.

Order a Purchase Report Copy at https://www.marketresearchnest.com/purchase.php?reportid=267769 . (This is premium report, Single User License – USD 3500 and Corporate User License – USD 6000)

According to the report, one driver in the market is rise in drug discovery programs. The increasing incidence of chronic diseases such as respiratory diseases, chronic kidney diseases, leukemia, and others have contributed to the rise in drug discovery. Various drug discovery programs organized by many academic and research institutes across the world. The drug development helps in testing the toxicity of drug and efficacy at the target tissue or organ in a patient. Rise in drug discovery results in an increased demand for personalized medicines in the market. The market also witnesses an increase in partnership between academic research institutes and major pharmaceutical/ biotechnology companies.

Further, the report states that one challenge in the market is strained laboratory budgets and decline in reimbursement. The reimbursement policies for diagnostic testing are not constant across different geographies and they are moving in downward trend. The hospitals and diagnostic laboratories that are the primary end-user group are forced to reduce their expenditure on in-vitro diagnostic (IVD) instruments to have either break even or profitable revenue. There are workforce shortages at clinical laboratories and frequent visits to the doctor by patients who have lost their health insurance cards. These conditions have forced clinical laboratories to find alternative ways to maintain revenue despite limited capacity and testing volumes.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Inquire before buying this report at https://www.marketresearchnest.com/enquirybuy.php?reportid=267769 .

MarketResearchNest.com is the most comprehensive collection of market research products and services on the Web. We offer reports from almost all top publishers and update our collection on daily basis to provide you with instant online access to the world’s most complete and recent database of expert insights on global industries, organizations, products, and trends.

Mr. Jeet Jain
Sales Manager
sales@marketresearchnest.com
+1-240-284-8070 / +44-20-3290-4151
Pune, India

This release was published on openPR.