Global Label Free Detection market

Label Free Detection Market Size, Share, Growth Analysis, By Product(Instruments, Consumables, Software, Services), 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), By End user(Pharmaceutical, Biotechnology Companies, Academic, Research Institutes), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35I2221 | Region: Global | Published Date: June, 2021
Pages: 242 | Tables: 126 | Figures: 77

Label Free Detection Market Regional Insights

North America held the largest global label free detection market share in 2021. The extensive funding provided by the region's government and the proliferation of technological advancements have contributed to the region's expansion.

The growth of the Label-Free Detection Market in North America is further fueled by the rise in the prevalence of diseases, extensive partnerships between pharmaceutical companies and academic institutions, the presence of numerous pharmaceutical and biotechnological companies employing label-free techniques like bio-layer interferometry (BLI) and surface plasmon resonance (SPR), and the development of drug discovery programs.

Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period. The increased awareness of label-free techniques like bio-layer interferometry (BLI) and surface plasmon resonance (SPR) and the rise in government initiatives to improve healthcare infrastructure are two contributing factors to this expansion.The growth of the Label-Free Detection Market in the Asia-Pacific region is further fueled by the skyrocketing investments made in biotechnology and drug discovery.

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Label Free Detection Market size was valued at USD 1.3 billion in 2022 and is poised to grow from USD 1.4 billion in 2023 to USD 2.5 billion by 2031, growing at a CAGR of 8.5% in the forecast period (2024-2031).

Global label free detection market is fragmented in nature as new players are entering the market. These players are adopting numerous strategies such as product launches, joint ventures, mergers and acquisitions, and research and development to gain an edge over their competitors and stay ahead in the competition. 'General Electric Company', 'Danaher Corporation', 'Agilent Technologies, Inc.', 'PerkinElmer, Inc.', 'F. Hoffmann-La Roche Ltd', 'Bio-Rad Laboratories, Inc.', 'Ametek, Inc.', 'Pall Corporation', 'Corning, Inc.', 'Attana AB', 'Bruker Corporation', 'BiOptix Inc.', 'Molecular Devices, LLC', 'Nanotemper Technologies GmbH', 'ForteBio, Inc.', 'Wyatt Technology Corporation', 'Creoptix AG', 'Nicoya Lifesciences Inc.', 'Xantec Bioanalytics GmbH', 'TA Instruments-Waters LLC'

Companies in the market should have access to a variety of development opportunities as a result of the growth of life sciences research in emerging markets and the development of more sensitive non-marker technologies. Some market drivers for label-free detection include the introduction of cutting-edge technology products and the rise in the use of efficient product delivery. The market for label-free detection presents numerous opportunities for investigating molecule-interaction interactions without labels' quenching effects. Label-free technologies, which are relatively new to the well-established field of high throughput screening, offer opportunities for probing biomolecular interactions without the spatial interference, autofluorescence, or quenching effects of labels.

The Label-Free Detection market is expanding due to technological advancements and collaborations. Bio-layer interferometry (BLI) and surface plasmon resonance (SPR) are two commonly used methods for label-free detection. The first commercially available optically based, single-mode benchtop model for cell-based and biochemical assays is the novel Corning® Epic® BT. Corning's benchtop label-free detection system has a packed design, a lower price point, clear data collection software, and a comprehensive microplate investigation using charge-coupled device (CCD) wavelength shift discovery. The novel system improves assay capabilities and makes it simple for researchers, including academic labs, to access the Epic technology. Advinus Therapeutics was chosen by Corning as a partner for preparing the Corning Epic® label-free detection technology for sale in India. Advinus was able to use Epic for its own drug discovery programs and for providing assay development and screening services to clients in India and around the world thanks to their partnership. The Label-Free Detection Market is expanding thanks to collaborations and technological advancements of this kind.

North America held the largest global label free detection market share in 2021. The extensive funding provided by the region's government and the proliferation of technological advancements have contributed to the region's expansion.

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Global Label Free Detection market

Report ID: SQMIG35I2221

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