The global Label Free Detection market size is estimated at 1.8 billion USD with a CAGR of 9.5% during the forecasted period from 2021-2028.
A method wherein a foreign molecule is attached chemically or temporarily to a molecule of interest, that can potentially alter its intrinsic properties to detect molecule presence or activity is referred to Label Free Detection (LDF). It detects biomolecules and their interactions. This technique is used in the process of drug discovery for kinetics and analysis. It is widely used for end point screening and specificity testing.
The key factor driving the growth of Label Free Detection market is attributed to rising occurrence of disease across the globe. Moreover, technical innovations along with high sensitivity of label free detection is expected to foster the market growth.
In addition, increase in research & development activities along with a rise in drug discovery programs is influencing the Label Free Detection. Also, collaborations between pharmaceutical companies and academic institutes will amplify the growth of this market.
On the other hand, factors such as high cost of instruments and lack of skilled professionals may constrain the growth of Label Free Detection market.
A label is defined as any foreign molecule that is chemically or temporarily attached to the molecule of interest, which can potentially alter its intrinsic properties, in order to detect molecular presence or activity. LFD technology is used in the process of drug discovery, which includes kinetics and analysis. LFD technology is extensively used for end-point screening and specificity testing. The label-free detection (LFD) market is driven by development in the global pharmaceutical & biotechnology industries, growing drug discovery programs through research partnerships between pharmaceutical companies & academic institutes and increasing pharmaceutical outsourcing. However, the reimbursement policies for diagnostic testing are highly unstable. Moreover, high cost of instruments are also hindering the market growth. R&D activities and acquisitions are major strategies adopted by the key market players of label-free detection market.
Label Free Detection (LFD) Market Research Objective
â¢ To define the scope and simplify the research study based on product type, technology, application and geography.
â¢ Estimate the current market size and forecast the same for the period (2017-2024).
â¢ Market share by revenue for each segment and region analyzed.
â¢ To provide insights on the major market dynamics (drivers, restraints & opportunities) and their impact analysis for the forecast period.
â¢ Micro and macro level analysis of the market to elucidate lucrative investment opportunities.
â¢ Porterâs five forces analysis to deliver a comprehensive buyer-seller scenario and the state of business environment.
â¢ Identification of the label-free detection (LFD) market trends in current scenario and its growth indicators.
â¢ Benchmarking leading vendors in the label-free detection (LFD) industry based on their strategic attempts, financial status, and other internal and external parameters.
Label Free Detection (LFD) Market Segmentation
By Product Type
â¢ Bio-layer Interferometry
â¢ Isothermal Titration Calorimetry
â¢ Differential Scanning Calorimetry
â¢ Surface Plasmon Resonance
â¢ Lead Generation
â¢ Endogenous Receptor Detection
â¢ Binding Thermodynamics
â¢ Binding Kinetics
â¢ Hit Confirmation
By End User
â¢ Academic Research Institutes
â¢ Contract Research Organizations
â¢ Pharmaceutical and Biotechnology Companies
â¢ North America
o Rest of Europe
â¢ Asia-Pacific (APAC)
o Rest of Asia Pacific (APAC)
â¢ Rest of the World
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