SPR is a technique used to examine molecular interactions and to detect the interaction of two distinct molecules, one of which is mobile and the other of which is immobilised on a thin gold screen. The technique has uses in biosensors, material science, and drug development.
By the end of 2027, the worldwide market for surface plasmon resonance is anticipated to be worth US$ 1,244.7 Mn.
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The global surface plasmon resonance market is anticipated to grow over the course of the forecast period as a result of an increase in the use of SPR in an analysis of biomolecular interactions between cell or virus proteins, protein-protein, lipid membrane-protein, protein-DNA, receptor-drug, and enzyme-substrate or inhibitor. For real-time, label-free measurements of biomolecules, the SPR approach is regarded as the gold standard because to its many benefits, including time savings and great dependability. Additionally, it provides repeatable measurements, replaceable sensor chips, flexible experimental design, and real-time monitoring.
For market participants, expanding R&D in product miniaturisation and cost reduction connected to the SPR technology is anticipated to provide attractive potential prospects. Localized SPR (LSPR) sensors have a more compact design and are more affordable. In addition, these sensors outperform more traditional SPR metallic thin film sensors in terms of sensitivity to slight fluctuations in refractive index. For instance, researchers from the University of Coimbra in Portugal published a paper in January 2020 that evaluated the optical characteristics of coatings made of Au–WO3 nanocomposite materials for LSPR sensing.
An SPR-based system’s output is impacted by temperature variations because these variations alter the ratio of association rate to dissociation rate and the effectiveness of binding events. The adoption of SPR is thus predicted to decline, which is predicted to impede market expansion.
The value of the Material Science sector in the worldwide surface plasmon resonance market was US$ 73.8 Mn in 2019 and is anticipated to grow at a CAGR of 5.1% to US$ 102.3 Mn by 2027. Surface Plasmon Resonance’s expanding application in the pharmaceutical sector is responsible for the segment’s rise.
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In terms of value, the Imaging System segment led the worldwide surface plasmon resonance market in 2019 with a 56.4% share, closely followed by the Reagents segment. The growth of research into the effects of drugs on cells for the creation of new pharmaceutical goods is blamed for the segment’s dominance in imaging systems.
In order to lower the cost and complexity of assays while obtaining more qualitative data through labelled detection, label-free detection methods are being increasingly adopted for the study of biomolecules in the worldwide surface plasmon resonance market. When using label-free detection, the sensor acts as a transducer, changing one of the analyte’s physical characteristics into a measurable signal. Later, specialised tools are utilised to examine the signal. The physical characteristic of the molecule can be measured using a transducer. Additionally, the label-free detection method makes the process simpler by requiring less time and effort to build the assay.
For applications such as point-of-care testing (POCT), fast biomolecule detection, and diagnostics, LSPR-based biosensors are becoming more and more in demand. This is explained by the interactions between biomolecules and sensing surfaces as LSPR develops. There is a desire for LSPR-based methods since they do not need secondary antibodies or various fluorescence staining approaches for real-time cell monitoring applications.
Biosensing Instrument Inc., Bio-Rad Laboratories Inc., Bruker, Carterra Inc., Horiba Ltd., General Electric Co., Bristol Myers Squibb, and AMETEK Inc. are significant market participants in the surface plasmon resonance industry.
Due to the quick uptake of Carterra’s LSA platform in the European market, the company opened a Customer Experience Center (CEC) and office in Munich, Germany, in August 2019.
At the European SLAS 2018 meeting in June 2018, Bruker announced the release of their new SierraTM SPR-32 system, which has updated instrument control software to allow high SPR throughput.
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The Study Objectives are:
✔ A comprehensive insight into key players operating in the Surface Plasmon Resonance Market and their corresponding data.
✔ It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
✔ Regional analysis, which includes insight into the dominant market and corresponding market share.
✔ It also includes various socio-economic factors affecting the evolution of the market in the region.
✔ The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.
Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Surface Plasmon Resonance Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Surface Plasmon Resonance Industry Impact
Chapter 2 Global Surface Plasmon Resonance Competition by Types, Applications, and Top Regions and Countries
2.1 Global Surface Plasmon Resonance (Volume and Value) by Type
2.3 Global Surface Plasmon Resonance (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Surface Plasmon Resonance Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Surface Plasmon Resonance Market Analysis
Chapter 6 East Asia Surface Plasmon Resonance Market Analysis
Chapter 7 Europe Surface Plasmon Resonance Market Analysis
Chapter 8 South Asia Surface Plasmon Resonance Market Analysis
Chapter 9 Southeast Asia Surface Plasmon Resonance Market Analysis
Chapter 10 Middle East Surface Plasmon Resonance Market Analysis
Chapter 11 Africa Surface Plasmon Resonance Market Analysis
Chapter 12 Oceania Surface Plasmon Resonance Market Analysis
Chapter 13 South America Surface Plasmon Resonance Market Analysis
Chapter 14 Company Profiles and Key Figures in Surface Plasmon Resonance Business
Chapter 15 Global Surface Plasmon Resonance Market Forecast (2022-2028)
Chapter 16 Conclusions
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