According to the new market research report "Label-free Detection Market by Product & Service (Instruments, Consumables (Biosensor Chip), Software), Technology (Surface Plasmon Resonance), Application (Binding Kinetics), End User (Pharmaceutical & Biotechnology Companies) & region - Global Forecast to 2025", published by MarketsandMarkets™, the global Label-Free Detection Market size is estimated to be USD 431 million in 2020 and projected to reach USD 626 million by 2025, at a CAGR of 7.7%.
Browse in-depth TOC on "Label-free Detection Market"
187 – Tables
29 – Figures
193 – Pages
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The Growth in this market is largely driven by the
introduction of technologically advanced products, a growing number of drug
discovery programs through academic-industrial partnerships, and the high
sensitivity of label-free technologies.
The instruments segment accounted for the largest
share of the product & service segment in the label-free detection market
in 2019.
On the basis of product & service, the market is
broadly segmented into instruments, consumables and software & services.
The consumables segment is further segmented into biosensor chips, microplates
and reagents & kits. In 2019, instruments accounted for the largest share
of the label-free detection products market owing to the various technological
advancements in label-free detection systems.
The surface plasmon resonance segment accounted for
the largest share of the technology segment in the market in 2019.
On the basis of technology, the market is
categorized into five technology segments—surface plasmon resonance, bio-layer
interferometry, differential scanning calorimetry, isothermal titration
calorimetry, and other label-free detection technologies. The surface plasmon
resonance segment accounted for the largest share in 2019, due to the high
sensitivity of this technology and its wide usage in determining specificity,
affinity, and kinetic parameters during the binding of macromolecules.
The Asia
Pacific region is the fastest growing region of the
label-free detection market in 2019.
In 2019, Asia
Pacific region accounted for the fastest growing
region of the market. It is also estimated to grow at the highest CAGR in the
market during the forecast period, this is mainly due to the rising awareness,
increasing government support and funding, and growth in life science research.
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Some of the leading players in the label-free
detection market include Danaher (US), Sartorius AG (Germany),
Waters Corporation (US), PerkinElmer Inc. (US), AMETEK, Inc. (US), HORIBA Ltd.
(Japan),
Spectris (UK), METTLER TOLEDO (US),
Corning Incorporated (US), and Agilent Technologies, Inc. (US)
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