GLOBAL INDUSTRY INSIGHT: Label Free Detection Market Size, Share, Development, Growth and

Demand Forecast to 2020

Global Label Free Detection Market Size, Share, Development,

Growth and Demand Forecast to 2020

The global label free detection market is growing significantly due rise in contract research organization in

emerging economies, and increasing government funding and grants in the industry. Increasing drug discovery

programs through research partnerships between pharmaceutical companies and academic institutes are also

supporting the growth of the market. Massive unexplored market in label free detection industry of developing

economies are creating significant opportunities for the label free detection market to grow during the forecasted

period.

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Moreover, the advanced research and development facilities, and new and innovative product developments by

the companies are also propelling the growth of the label free detection industry. Label free technologies are

mainly used in drug discoveries and detection of molecular interactions. It is a highly precise method for the

recognition of endogenous targets in cell assay.

The label free detection market is categorized on the basis of technology, application, products and end users. On

the basis technology of label free detection, the market can be categorized as optical waveguide grating

technology, surface plasmon resonance, cellular dielectric spectroscopy, bio-layer interferometry and others

technologies. Surface plasmon resonance leads the market, as this technology is highly employed in drug

discovery and development for getting into molecular binding mechanism and biological processes. Whereas, bio-

layer interferometry is expected to grow at fastest rate due to increasing usage of technology in lifescience

research for ligand binding studies. Based on application, the label free detection market can be segmented as

lead generation, binding kinetics, hit confirmation, endogenous receptors detection, binding thermodynamics, and

others.

On the basis of products, the market is segmented as consumables and instruments. Instruments lead the

market, in terms of size, due to increasing purchase of instruments in pharmaceutical and biotechnology

companies; whereas, consumables are expected to grow at faster rate due to advancement in drug discovery.

Consumables include biosensor chips and microplates. Moreover, on the basis of end users, the market is

categorized as academic research institutes, contract research organization, pharmaceutical and biotechnology

companies, and others. Pharmaceutical and biotechnology companies lead the market, whereas contract

research organizations are expected to grow at fastest rate due to increasing outsourcing of drug dioscovery.

Some of the factors driving the growth of global label free detection market are increasing research and

development budgets of pharmaceutical companies, increasing pharmaceutical outsourcing, increasing

biomolecular interaction analysis in drug discovery, intrinsic advantages of label free detection over alternative

technologies, such as flow cytometry, and ELISA, and increasing drug discoveries programs. However, lack of

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Global Label Free Detection Market Size, Share, Development,

Growth and Demand Forecast to 2020

skilled professionals, and high cost of instruments are some of the factors restraining the growth of the global

label free detection market.

Geographically, North America will be leading the global label free detection market in the coming years, due to

increasing research and development spending. Asia-Pacific is the fastest growing region in the global label free

detection market. The major reasons for the fastest growth of label free detection market in the region are

increasing healthcare expenditure, improving healthcare infrastructure, increasing research and development

funding, and large pool of patients in the region. Moreover, the label free detection market is growing due to

increasing awareness of healthcare in the emerging countries, such as India and China, of Asia-Pacific region.

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Some of the companies operating in the global label free detection market are Pall Corporation, Roche

Diagnostics, Bio-Rad Laboratories, Inc., General Electric, X-Body Biosciences, Ametek, Inc., Bioptix, Corning,

Inc., Attana AB, Danaher Corporation, and Perkinelmer, Inc.

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Global Label Free Detection Market Size, Share, Development,

Growth and Demand Forecast to 2020

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