The Growth in label-free detection market is largely driven by the introduction of technologically advanced products, a growing number of drug discovery programs through academic-industrial partnerships, and the high sensitivity of label-free technologies.
The global Label-free detection market size is estimated to be USD 431 million in 2020 and projected to reach USD 626 million by 2025, at a CAGR of 7.7%.
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Scope of the Report
The study categorizes the label free detection market into the following segments and subsegments:
Label-free detection Market, by Product & Service
Instruments
Consumables
Biosensor Chips
Microplates
Reagents & Kits
Software & Services
Label-free detection Market, by Technology
Surface Plasmon Resonance
Bio-layer Interferometry
Isothermal Titration Calorimetry
Differential Scanning Calorimetry
Other LFD Technologies
Label-free detection Market by Application
Binding Kinetics
Hit Confirmation
Lead Generation
Endogenous Receptor Detection
Binding Thermodynamics
Other Applications
Label-free detection Market, by End User
Pharmaceutical and Biotechnology Companies
Academic and Research Institutes
Contract Research Organizations (CROs)
Other End Users
Label-free detection Market, by Region
North America
US
Canada
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Rest of the World
Latin America
The Middle East and Africa
Market Segmentation:
On the basis of product & service, the market is broadly segmented into instruments, consumables and software & services. The consumables segment is further segmented into biosensor chips, microplates and reagents & kits. In 2019, instruments accounted for the largest share of the label-free detection products market owing to the various technological advancements in label-free detection systems.
On the basis of technology, the market is categorized into five technology segments—surface plasmon resonance, bio-layer interferometry, differential scanning calorimetry, isothermal titration calorimetry, and other label-free detection technologies. The surface plasmon resonance segment accounted for the largest share in 2019, due to the high sensitivity of this technology and its wide usage in determining specificity, affinity, and kinetic parameters during the binding of macromolecules.
Regional Analysis:
In 2019, Asia Pacific region accounted for the fastest growing region of the market. It is also estimated to grow at the highest CAGR in the market during the forecast period, this is mainly due to the rising awareness, increasing government support and funding, and growth in life science research.
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Top Key Players: -
Some of the leading players in the label-free detection market include Danaher (US), Sartorius AG (Germany), Waters Corporation (US), PerkinElmer Inc. (US), AMETEK, Inc. (US), HORIBA Ltd. (Japan), Spectris (UK), METTLER TOLEDO (US), Corning Incorporated (US), and Agilent Technologies, Inc. (US)
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