Label-Free Detection (LFD) Market Expected to Grow by $362.6 Million; Pharmaceutical and biotech companies will show significant demand

NEW YORK, November 15, 2022 /PRNewswire/ — The “Label-Free Detection (LFD) Market by End User, Product and Geography – Forecast and Analysis 2022-2026report has been added to Technavio’s offering. The report forecasts the market size to increase by $362.6 million, accelerating at a CAGR of 7.79% during the forecast period. The report provides up-to-date analysis regarding the current market scenario, latest trends and drivers, and overall market environment. Technavio offers in-depth market insights that help global businesses seize growth opportunities. Download a Free Sample PDF Report

Technavio has announced its latest market research report titled Global Label-free Detection (LFD) Market 2022-2026

Label-Free Detection (LFD) Market 2022-2026: Scope

To help companies improve their market position, Technavio’s report provides a detailed analysis of about 25 vendors operating in the market. The rise of drug discovery programs will provide immense opportunities for growth. To take advantage of current opportunities, market vendors need to strengthen their presence in fast-growing segments while maintaining their positions in slow-growing segments.

The report also covers the following areas:

Label-Free Detection (LFD) Market 2022-2026: Segmentation

Pharmaceutical and biotechnology companies are the major end users of the market. Pharmaceutical and biopharmaceutical companies develop drug molecules for a wide range of therapeutic applications. The pharmacological study of drug molecules is an integral part of the drug discovery process and is performed to understand the molecular mechanism of action of drug molecules in biological fluids. The LFD technique is widely used by pharmaceutical and biopharmaceutical companies to analyze and determine drug action during the drug discovery process, prior to drug manufacturing. Thus, increase in drug discoveries will drive the growth of the segment during the forecast period.

By product, the market will witness the maximum growth in the biochemical testing segment over the forecast period. Biochemical assays are one of the conventional methods used for LFD. The adoption rate of biochemical tests is high due to their cost-effectiveness, high competition and greater efficiency. Additionally, there has been continuous development in the field of oncology. Thus, the increasing R&D in oncology will drive the growth of the biochemical assays segment.

Learn more about the contribution to the growth of other segments of the market. Download a free sample report now

Label-Free Detection (LFD) Market 2022-2026: Vendor Analysis

The global LFD market is competitive and dominated by the presence of large vendors who mainly focus on R&D activities to develop advanced and high quality products. Major vendors are trying to establish a strong customer base by marketing and distributing their products globally to stay competitive and generate significant revenue in the market. They mainly compete in terms of quality and reliability. The market in question is experiencing high competition owing to the presence of various global and regional vendors. Technavio identifies the following as the leading vendors in the market.

  • Agilent Technologies Inc.: The company offers a tagless detection system, namely the Seahorse XF analyzers.

  • Bio Rad Laboratories Inc.: The Company offers a label-free detection system, namely the ProteOn XPR36 Protein Interaction Network System.

  • Corning Inc.: The company offers a label-free detection system, namely the Corning Epic Label Free detection system.

  • Danaher Corp. : The company offers a label-free detection system through its subsidiary Cytiva Life Science.

  • HORIBA Ltd. : The company offers a labelless detection system namely Biacore 8K.

  • Related instruments:

  • AMETEK Inc.

  • Attana AB

  • BioNavis Ltd.

  • Access more supplier profiles available with Technavio. Buy now!

Technavio’s library includes over 17,000 reports covering over 2,000 emerging technologies. Subscribe to our “Basic Plan” right now $5,000 and get lifetime access to our Technavio Insights

Label-Free Detection (LFD) Market 2022-2026: Key Highlights

  • Market CAGR over the forecast period 2022-2026

  • In-depth information on factors that will contribute to the growth of the Label-Free Detection (LFD) market over the next five years

  • Estimation of the Label-Free Detection (LFD) market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the label-free detection (LFD) market

  • Market Competitive Landscape Analysis and Detailed Vendor Information

  • Comprehensive details of factors that will challenge the growth of the Label-Free Detection (LFD) Market vendors

Related reports:

  • The spatial genomics and transcriptomics market the share should increase to reach $401.47 million from 2021 to 2026, and the growth momentum of the market will accelerate at a CAGR of 9.06%. The surge in the adoption of spatial genomics and transcriptomics in drug discovery and development is notably driving the growth of the spatial genomics and transcriptomics market, although factors such as lack of manpower skilled work to manage could hamper the growth of the market.

  • The direct-to-consumer genetic testing market share is expected to increase by $1.26 billion from 2021 to 2026, and the growth momentum of the market will accelerate at a CAGR of 13.36%. The increasing adoption of direct-to-consumer genetic testing for early diagnosis of diseases is one of the key factors driving the growth of the direct-to-consumer genetic testing market.

Scope of the Label-Free Detection (LFD) Market

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 7.79%

Market Growth 2022-2026

$362.6 million

Market structure

Fragmented

Annual growth (%)

7.06

Regional analysis

North America, Europe, Asia and Rest of the World (ROW)

Successful market contribution

North America at 40%

Main consumer countries

United States, Germany, United Kingdom, France and China

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Affinite Instruments, Agilent Technologies Inc., AMETEK Inc., Attana AB, Bio Rad Laboratories Inc., BioNavis Ltd., BiOptix Analytical LLC, Bruker Corp., Corning Inc., Danaher Corp., HORIBA Ltd., OLS OMNI Life Science GmbH and Co. KG, PerkinElmer Inc., Sartorius AG, Spectris Plc, SYMCEL, Thermo Fisher Scientific Inc., Waters Corp., Wyatt Technology Corp. and General Electric Co.

Market dynamics

Parent market analysis, market growth drivers and barriers, analysis of fast and slow growing segments, impact of COVID-19 and future consumer dynamics, and analysis of market conditions for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents:

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by End User

6 Market Segmentation by Product

7 Customer Landscape

8 Geographic landscape

9 drivers, challenges and trends

10 Supplier Landscape

11 Vendor Analysis

12 Appendix

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Global Label-Free Detection (LFD) Market 2022-2026

Global Label-Free Detection (LFD) Market 2022-2026

Quote

Quote

Show original content to download multimedia:https://www.prnewswire.com/news-releases/label-free-detection-lfd-market-to-grow-by-usd-362-6-mn-pharmaceutical-and-biotechnology-companies-to-exhibit- important-request—technavio-301676934.html

SOURCETechnavio