NEW YORK, Feb. 16, 2016 /PRNewswire/ -- The global label free detection market is valued at USD 1.22 billion in 2015 and expected to reach USD 2.13 billion by 2020, at a CAGR of 11.86% from 2015 to 2020. Label-free technology is rapidly gaining widespread acceptance as a drug discovery and life science research tool. Currently, the drug discovery process is based on target identification and screening for drug candidates. The label-free technologies are used for studying biomolecular interactions and eliminate the confounding effects of spatial interference, autofluorescent or quenching associated with use of labels. These technologies provide a rapid and real-time approach to both biochemical and cell-based assays which aid in new drug discovery.
Since no labeling or reporter molecules are used for detection label-free detection offers higher sensitivity. Also, using the time-consuming and labor-intensive process of fluorescent, chemical, or radioactive labels has many disadvantages. As such, the acceptance of label-free technologies in biomolecular interaction analysis in drug discovery is growing. The increasing drug discovery initiatives by pharmaceutical companies and academic institutes will help to bolster the growth of label-free detection market in the forecast period. Furthermore, increasing R&D budgets of pharmaceutical companies coupled with decreasing R&D productivity have amplified the research activities in the pharmaceutical industry. This will drive the market for the overall research and development which will further boost the label-free detection market.
The report segments the global label-free detection market by technology, application, product, and geography. Bio-layer interferometry (BLI), cellular dielectric spectroscopy, optical waveguide grating technology (OWG), surface plasmon resonance (SPR) and other technologies are the technology segments of the label-free detection market. The application segments included in this report are binding kinetics, binding thermodynamics, endogenous receptor detection, hit confirmation, lead generation, and other applications. The product segments are instruments and consumables.
A combination of bottom-up and top-down approaches were used to calculate the market sizes and growth rates of the global label free detection market and its sub-segments. Secondary information was used to identify the overall revenues, geographic reach, and product portfolios of the market players. Estimates of their label free detection product segment revenues were validated through primary interviews. Primary interviews with key opinion leaders were also used to determine percentage shares of each sub segment and the relative differences in the growth rates.
The report provides qualitative insights about key market shares, growth rates, and market drivers for all important sub segments. It maps the market sizes and growth rates of each sub segment and identifies the segments poised for rapid growth in each of the geographic segments. The report also includes company profiles of the market leaders. These company profiles include financial performances, product portfolios, and market developments for each company. The report also provides a competitive landscape of the label free detection market. The competitive landscape covers the growth strategies adopted by the industry players over the last four years. It also includes analysis of industry developments like expansions, agreements and partnerships, and acquisitions and new product launches.
Reasons to Buy the Report:
The report will enable both established firms and new entrants to gauge the pulse of the market and help them make important strategic growth decisions.
The report provides insights on the following:
- Product Development: Product portfolios of the top players in the label free detection market.
- Competitive Assessment: In-depth assessment of the market shares, strategies, geographic and business segments, and product portfolios of the leading players in the label free detection market.
- Market Development: Comprehensive information about the lucrative emerging markets. The report analyzes the market for various label free detection products across geographies.
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