Insights into Label Free Detection Market and it?s Growth Outlook by 2023
Posted by Rahul Gautam on July 19th, 2018
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.
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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.
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.
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.
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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