The Growth in label-free detection 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 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%.
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Scope
of the Report
The study categorizes the label free detection
market into the following segments and subsegments:
Label-free
detection Market, by Product & Service
- Instruments
- Consumables
- Biosensor Chips
- Microplates
- Reagents & Kits
- Software
& Services
Label-free
detection Market, by Technology
- Surface
Plasmon Resonance
- Bio-layer
Interferometry
- Isothermal
Titration Calorimetry
- Differential
Scanning Calorimetry
- Other
LFD Technologies
Label-free
detection Market by Application
- Binding
Kinetics
- Hit
Confirmation
- Lead
Generation
- Endogenous
Receptor Detection
- Binding
Thermodynamics
- Other
Applications
Label-free
detection Market, by End User
- Pharmaceutical
and Biotechnology Companies
- Academic
and Research Institutes
- Contract
Research Organizations (CROs)
- Other
End Users
Label-free
detection Market, by Region
- North
America
- US
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia
Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Rest
of the World
- Latin America
- The Middle East and Africa
Market Segmentation:
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.
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.
Regional Analysis:
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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Top Key Players: -
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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