According to the recent study the label-free detection market is projected to grow at a CAGR of 7%-9% from 2020 to 2025. Growth in this market is primarily driven by increasing research activities related to drug discovery and growing pharmaceutical and biotechnology industry.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in label-free detection market by product (instruments, consumables, and software & services), technology (surface plasmon resonance, bio-layer interferometry, isothermal titration calorimetry, differential scanning calorimetry, and other LFD technologies), application (binding kinetics, binding thermodynamics, endogenous receptor detection, hit confirmation, lead generation, and other applications), end user (pharmaceutical & biotechnology companies, academic & research institutes, contract research organizations, and other end users), and region (North America, Europe, Asia Pacific, and Rest of the World).
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“Consumables market is expected to remain the largest segment during the forecast period.”
Based on product, the label-free detection market is segmented into instruments, consumables, and software & services. Lucintel forecasts that the consumables is expected to witness the largest segment over the forecast period as biosensor chips have high specificity and ability to monitor molecular interactions in real-time.
“Within the label-free detection market, the pharmaceutical and biotechnology companies segment is expected to remain the largest end user”
Based on end user, the pharmaceutical and biotechnology companies segment is expected to witness the largest application over the forecast period due to increasing usage of label-free detection technologies for studying biomolecular interactions in drug discovery.
“North America will dominate the label-free detection market in near future”
North America is expected to be the largest region over the forecast period due to increasing research activities related to development of drugs and presence of major companies in the region.
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Major players of label-free detection market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. General Electric, Danaher, Thermo Fisher Scientific, Roche, Illumina, Qiagen, Merck, Agilent Technologies, Bio-Rad Laboratories, and AMETEK are among the major label-free detection providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/label-free-detection-market.aspx or [email protected]
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