Tools for label-free array systems have several uses in fields like medicine and healthcare. Optical biosensors, such surface plasmon resonance (SPR) and isothermal titration calorimetry (ITC), impedance-based biosensors, like bio-layer interferometry, and others make up label-free array systems. In addition, SPR is the go-to method. Numerous major companies produce tweaked forms of SPR, which they sell alongside related supplies. The Biacore T200 from General Electric Healthcare is one example of a flexible instrument capable of performing high-quality characterisation of molecular interactions, including those between ions and viruses.
Sensor chips, running buffers, regeneration solution, capture reagents, and other SPR consumables are all products that General Electric produces and sells. General Electric, BioNavis Ltd, and others are also major players in the international label-free array systems market.
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Global Label-Free Array Systems Market Drivers
The global label-free array systems market is anticipated to develop at a double-digit CAGR during the forecast period, primarily due to rising demand for label-free array systems in the pharmaceutical industry. For instance, label-free array systems are widely used for secondary screening to identify the lead molecule for the drug development process from the small molecule hits, and for lead optimization to identify the candidate drug from the leads molecules, as reported by the National center for Biotechnology Information (NCBI) in 2016. Moreover, the kinetics of the bond between the drug molecule and its receptor is the most critical bond to characterize in the drug discovery process, and label-free array devices are being employed widely for this purpose, as reported by the same source.
Over the projected time, key players in the worldwide label-free array systems market are planning to increase output of innovative new items. For instance, in 2018, Bruker Company released an improved SPR system (the Sierra SPR-32) with enhanced sensitivity and updated instrument control software to allow for the maximum SPR throughput possible while maintaining outstanding sensitivity. The global market for label-free array systems is likely to expand as a result of these factors during the predicted time period.
Global Label-Free Array Systems Market Restraints
Over the forecast period, the worldwide label-free array systems market is likely to be restrained by a lack of skilled individuals to perform label-free techniques in both developed and emerging nations. The techniques include highly particular protocols that can only be carried out by a properly trained professional. Errors and inaccuracies during the procedure should be reduced.
It is anticipated that the high price of SPR goods will slow the expansion of the market. Biacore (recently bought by GE Healthcare) imaging equipment, for instance, can cost between US$ 200,000 and US$ 300,000. In addition, the price per contact rises due to the high cost of the chemicals used in such systems. Over the forecast period, these factors are likely to slow the expansion of the global market for label-free array systems.
Global Label-Free Array Systems Market Regional Analysis
Since many of the leading manufacturers are headquartered there, North America is predicted to dominate the worldwide label-free array systems market over the forecast period. North America is home to a number of important manufacturing companies, including General Electric, Reichert, Inc., NanoSPR Devices, Bruker Corporation, and others.
Furthermore, several mergers and acquisitions have occurred in the worldwide label-free array systems market recently for the purpose of developing and introducing new products. For example, in 2018, Bruker Corporation bought Sierra Sensors GmbH, a maker of cutting-edge SPR detection-based analytical biosensors. Mass spectrometry, nuclear magnetic resonance (NMR), and X-ray crystallography are available from Bruker Corporation, whereas specificity, affinity, thermodynamics, and kinetic rates of interaction between molecules can be measured by Sierra Sensors GmbH. The drug discovery process can benefit greatly from a combination of the two technologies. Growth in the worldwide label-free array systems market is anticipated to be driven by the aforementioned factors during the predicted time period.
Global Label-Free Array Systems Market Key Players
Key players in the market for label-free array systems worldwide include General Electric Healthcare, BioNavis Ltd, Reichert, Inc., Metrohm India Limited, Horiba instruments Incorporated, ABL&E Group, plasmetrix.com, Nicoya, NanoSPR Devices, Biosensing Instrument, and Bruker Corporation.
Market Taxonomy
By Technology
- Surface Plasmon Resonance(SPR)
- Differential Scanning Calorimetry (DSC)
- Isothermal Titration Calorimetry (ITC)
- Others
By Accessories
- Sensor Chips
- Consumables
- Reagents
- Others
By Applications
- Drug Discovery
- Receptor Ligand Assays
- Protein-protein Interactions
- Kinetics/Affinity Mapping
- Thermodynamics
- Others
By End User
- Contract Research Organizations
- Pharmaceutical and Biotechnology Manufacturers
- Academic and Research Institutes
By Region
- North America
- Middle East
- Europe
- Latin America
- Asia Pacific
- Africa
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| The market size value in 2023 |
Table of Contents with Major Points:
Executive Summary
- Introduction
- Key Findings
- Recommendations
- Definitions and Assumptions
Executive Summary
Market Overview
- Definition of Label-Free Array Systems Market
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Trends and Developments
Key Insights
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Globalย Label-Free Array Systems Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
Conclusionย
Appendix
- Data Sources
- Abbreviations
- Disclaimer
TOC Continuedโฆ!
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