Global Label Free Detection market

Global Label Free Detection Market Size, Share, Growth Analysis, By Product(Instruments, Consumables), By Technology(Surface Plasmon Resonance, Bio-Layer Interferometry), By Application(Binding Kinetics, Binding Thermodynamics), By End user(Pharmaceutical, Biotechnology Companies) - Industry Forecast 2024-2031

Report ID: SQMIG35I2221 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 126 | Figures: 77

Global Label Free Detection Market News

  • In January 2022, Waters Corporation announced that it has acquired the technology assets and intellectual property rights of Megadalton Solutions, Inc., an early-stage developer of Charge Detection Mass Spectrometry (CDMS) technology and services.
  • In August 2021, Agilent Technologies Inc. announced the launch of the Agilent Seahorse XF Pro Analyzer, featuring new pharma-oriented workflow solutions incorporating advanced experimental design and analysis tools.
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Label Free Detection Market size was valued at USD 1.3 billion in 2019 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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