Market Overview:

Label-Free Detection Market was worth USD1.61 billion in 2018 and anticipated to be growing at a CAGR of 11.99%, to reach USD 2.84 billion by 2023. From the onset of the discovery of drugs label-free technologies have been used for the detecting as well as characterizing molecular interactions. The implementation of automated systems, increased sensitivity and the growth of modern technologies have recently broadened the use of label-free methods from primary screening through to mechanism-of-action studies in lead optimization. Label-free technologies have made significant development in recent years and have initiated wealth well beyond the simple sales figures associated with the instruments themselves, by sanctioning drug development and research in the life sciences.

Market Drivers and Restraints:

The essential features of Label-Free Detection involve scientists being able to study primary cell types along with the endogenous receptors in cell lines. Both grant access to receptors in several natural states. The data gathered from Label-Free Detection technologies is albeit a bit complex but provides a better reflection of the target biology. Recent advances in the label-free instruments industry offer improved cost, efficiency, higher levels of sensitivity as well as sophisticated data analysis. With the implementation of label-free technologies, a plethora of cells can be used as targets for analysis. Since the need for labels is no longer there as the name suggests, there is no need for genetic manipulation of cells. This makes sure that the response recorded by the researcher is as authentic as it can get as the cell’s physiological activity is uncontaminated. Other benefits of label-free technologies involve decreased costs, decreased instrument sizes as well as a higher value for money capital. As for the constraints of using label-free techniques, it is a known fact that the technology is relatively new and still in its preliminary stages. The deconvolution of the high content data is one more added challenge that is faced by the industry.

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Report Segmented as:

By Technology:

• Bio-layer interferometry
• Cellular Dielectric Spectroscopy
• Optical Waveguide Grating Technology
• Surface Plasmon Resonance

By Type:

• Consumables
• Instruments

By Application:

• Binding Kinetics
• Binding Thermodynamics
• Endogenous Receptor Detection
• Hit Confirmation
• Lead Generation

Geographical Analysis:

Geographically, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. North America dominates the Label-Free Detection Market in 2016 with the region accounting for 38% of the overall market share. North America was followed next in line by Europe and Asia-Pacific. Asia-Pacific is anticipated to grow rapidly in the coming years as is evident from the high CAGR value for the region.

Important Market Players:

Some of the leading companies dominating the market, by their products and services include Ametek, Inc., Bio-Rad Laboratories, Inc., BiOptix, Corning, Inc., Danaher Corporation, General Electric Corporation, Pall Corporation, PerkinElmer, all based in the U.S and Attana AB from Sweden as well as Roche based in Switzerland.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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