Label-Free Detection Market is expected to rise from its initial estimated value of USD 0.93 billion in 2018 to an estimated value of USD 1.68 billion by 2026, registering a CAGR of 7.7% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing innovations in the label-free detection technologies.
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Label-free detection systems are the type of integrated systems which are used for the examination of the biomolecular interactions without reducing the labels or auto-fluorescent effects. These systems offer rapid and real time approach for new drug discovery. Label-free detection systems are used for the detection of biochemical and cell-based assays.
Increasing drug discovery programs through research partnerships between pharmaceutical companies and academic institution is expected to act as a driver to the market growth.
- Growth in the global pharmaceutical and biotechnology industries
- Significant expenditure on research and development by biopharma companies
- Rising pharmaceutical outsourcing
- Increasing life science research activities in emerging markets act as driver to the market
- High cost of instruments will act as restraints to the market
- Issues in sensitivity and throughput will also act as a restraint to the market
Key Market Competitors:
Few of the major competitors currently working in the label-free detection market are General Electric, Danaher, Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd, Illumina, Inc., QIAGEN, Merck KGaA, Agilent Technologies Inc, Bio-Rad Laboratories, Inc., AMETEK, Inc, HORIBA, Ltd., Corning Incorporated, Attana, New England Biolabs, PerkinElmer Inc., Macrogen, Inc., Zymo Research, Abcam plc, Hitachi High-Technologies Corporation, Shimadzu Corporation, Malvern Panalytical Ltd., TA Instruments and others.
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Key Developments in the Market:
- In April 2019, Hitachi High-Technologies Corporation announced that they will sale SU3800 and the oversized SU3900 scanning electron microscopes (SEMs) that have advanced functionalities for automated measurement and wide-angle camera navigation.
- In Feb 2019, Hitachi High-Technologies Corporation and Asia Clean Capital Limited announced that they both collaborated in distributed solar power project for development of Japanese enterprises operation in the China market.
Segmentation: Global Label-Free Detection Market
- By Product
- By Technology
- Surface Plasmon Resonance
- Bio-Layer Interferometry
- Isothermal Titration Calorimetry
- Differential Scanning Calorimetry
- By Application
- Binding Kinetics
- Binding Thermodynamics
- Endogenous Receptor Detection
- Hit Confirmation
- Lead Generation
- By End-User
- Pharmaceutical & Biotechnology Companies
- Academic & Research Institutes
- Contract Research Organizations
- Other End Users
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
Global label-free detection market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of label-free detection market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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