Label-Free Detection Market Worth 2.13 Billion USD by 2020
PUNE, India, January 29, 2016 /PRNewswire/ --
According to a new market research "Label-Free Detection Market by Technology (Surface Plasmon Resonance, Bio-Layer Interferometry), Products (Consumables, Microplates, Biosensor Chips), Applications (Binding Kinetics, Binding Thermodynamics, Lead Generation) - Global Forecasts to 2020", published by MarketsandMarkets, This market is valued at an estimated USD 1.22 Billion in 2015 and expected to grow at a CAGR of 11.86% between 2015 and 2020, to reach USD 2.13 Billion in 2020.
Browse 70 market data Tables and 75 Figures spread through 144 Pages and in-depth TOC on "Label-Free Detection Market"
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The report segments this market by technology, application, product, and geography. The technology segments included in this report are bio-layer interferometry (BLI), cellular dielectric spectroscopy, optical waveguide grating technology (OWG), surface plasmon resonance (SPR), and other technologies. Of these, the surface plasmon resonance technology segment commanded the largest share of the global Label-Free Detection Market in 2015 and is also poised to grow at the healthy CAGR between 2015 and 2020. However, bio-layer interferometry segment is will grow at the highest CAGR between 2015 and 2020. The advantage of not using any labels or reporter molecules for detection along with increasing application of biomolecular interaction analysis in drug discovery are driving the growth of this technology segment.
The application segments included in this report are binding kinetics, binding thermodynamics, endogenous receptor detection, hit confirmation, lead generation, and other application segments. The binding kinetics application segment commanded the largest share of the global Label-Free Detection Market in 2015, while the hit confirmation segment is poised to grow at the highest CAGR between 2015 and 2020. The binding kinetic studies measure drug residence time, which are important for predicting clinical outcome of drug candidates. As such, the development in drug discovery will boost the binding kinetics studies and drive the Label-Free Detection Market.
The product segments in this report are instruments and consumables. Of these, the instrument segment commanded the largest share of the global Label-Free Detection Market in 2015 and is also poised to grow at the healthy CAGR between 2015 and 2020. Enhanced instrumentation makes it possible for pharmaceutical and biotechnology companies to streamline and simplify laboratory workflows, improve productivity and leads to reduction in the costs. Increasing adoption of label-free detection technologies in drug discovery will boost the growth of instruments in the forecast period.
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Based on geography, the global Label-Free Detection Market is segmented into geographic segments of Asia, Europe, North America, and the Rest of the World (RoW).
Label-free detection is a very well accepted drug discovery tool in the pharmaceutical & biotech industry and academic research. It helps in the investigation of biomolecular interactions without auto-fluorescent, spatial-interference, or quenching effects of labels. Increasing drug discovery programs by pharmaceutical companies and academic institutes will drive the growth of this market between 2015 and 2020. However, increasing market consolidation and high cost of instruments and consumables will restrain the growth of this market
The major players in the Label-Free Detection Market are Ametek, Inc. (U.S.), Attana AB (Sweden), Bio-Rad Laboratories, Inc. (U.S.), BiOptix (USA), Corning, Inc. (U.S.), Danaher Corporation (U.S.), General Electric Corporation (U.S.), Pall Corporation (U.S.), PerkinElmer (U.S.), and Roche (Switzerland).
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