Label-Free Detection Market by Technology, Products, Applications, End User - Global Forecast to 2022

NEW YORK, Oct. 17, 2017 /PRNewswire/ --

"Global label-free detection is projected to grow at a CAGR of 8.5%."
The global label-free detection market is expected to reach USD 1,311.2 million by 2022 from USD 872.0 million in 2017, at a CAGR of 8.5%. Innovations in label-free detection technologies, increasing drug discovery programs through research partnerships between pharmaceutical companies and academic institutes, and growth in the global pharmaceutical and biotechnology industries are expected to support market growth. The development of more sensitive label-free technologies and rising life science research activities in emerging markets are expected to provide a range of growth opportunities for players in the market. However, the high cost of instruments is a major factor restricting market growth. The shortage of skilled professionals and unclear FDA guidelines are also expected to challenge market growth to a certain extent.



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"Bio-layer Interferometry to register the highest CAGR during the forecast period."
The label-free detection market is classified on the basis of technology into surface plasmon resonance, bio-layer interferometry, isothermal titration calorimetry, differential scanning calorimetry and other technologies. The bio-layer interferometry segment is expected to grow at the highest CAGR during the forecast period. BLI has gained major acceptance in the recent years owing to its ability to detect rapid real-time biomolecular interactions (for instance, protein-protein interactions) in micro-volume sample sizes.

"The biosensor chips consumables segment to dominate the market during the forecast period."
The label-free detection market is segmented based on consumables into biosensor chips and microplates. In 2017, the biosensor chips segment is expected to command the largest share and is also estimated to grow at the fastest rate. The application of label-free detection technologies and methodologies with their consumables in the field of drug discovery and development is expected to drive the growth of the label-free detection consumables market during the forecast period.

"Asia Pacific is estimated to grow at the highest CAGR during the forecast period."
Geographically, the label-free detection market is dominated by North America, followed by Europe, Asia Pacific, and the Rest of the World (RoW). APAC is expected to grow at the highest CAGR during the forecast period. Growth in the Asian market is expected to be centered in China, India, and Japan. Increasing foreign investments, expanding pharmaceutical contract research outsourcing, and improving life sciences research infrastructure are the major factors driving the growth of the label-free detection market in Asia Pacific.

The primary interviews conducted for this report can be categorized as follows:
• By Company Type - Tier 1 – 58%, Tier 2 – 29% and Tier 3 – 13%
• By Designation – C-level – 58%, Director-level – 25%, Others – 17%
• By Region – North America – 50%, Europe – 20%, Asia Pacific – 30%

The key players in the label-free detection market include General Electric (US), Danaher (US), PerkinElmer (US), AMETEK (US), Roche (Switzerland), Corning (US), Hitachi (Japan), HORIBA (Japan), Shimadzu (Japan), TA Instruments (US), Mettler-Toledo (US), Spectris (Malvern PANalytical) (UK), BiOptix (US), Wyatt Technology (UK), ACEA BIO (US), Attana (Sweden), NanoTemper Technologies (Germany), Affinité Instrument (Canada), Nicoya Lifesciences (Canada), Applied Photophysics (UK), Biosensing Instrument (US), Unchained Labs. (US), BioNavis (Finland), Insplorion (Sweden), and LUMICKS (Netherlands).

Study Coverage:
The report analyses the label-free detection market by product, technology, application, end user, and regions. Apart from comprehensive geographic & product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. In addition, the company profiles comprise the product portfolios, developments, and strategies adopted by prominent market players to maintain and increase their shares in the market. Market research data, current market size, and forecast of the future trends will help key market players and new entrants to make the necessary decisions regarding product offerings, geographic focus, change in strategic approach, and levels of output in order to remain successful in the market.

Key benefits of buying the Report:
This report will enable both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help these firms garner greater market shares. Firms purchasing the report can use any one or a combination of the below-mentioned five strategies for strengthening their market shares.

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on the product portfolios of the top players in the label-free detection market
• Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the label-free detection market
• Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the label-free detection market
• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various label-free detection products across geographies
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the label-free detection market

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