Surface Plasmon Resonance Market is valued at USD 725.75 Million in 2020 and expected to reach USD 1099.94 Million by 2027 with the CAGR of 6.12% over the forecast period.
Surface Plasmon Resonance Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Increasing investments in life-science software and R&D projects in tandem with shifting preference towards label-free techniques to analyze kinetic aspects of bimolecular interactions are driving the market growth.
Surface plasmon resonance is an optical technique that is used for detecting molecular interactions, such as interactions that occur between proteins or other classes of molecules. It is used to monitor label-free bimolecular interactions in real time. In this technique, one of the molecules is immobilized on metallic film. Metallic film is usually made of gold as it gives a SPR signal at convenient combinations of reflectance angle and wavelength. Surface plasmons are used to improve the surface sensitivity of several spectroscopic dimensions such as fluorescence, Raman scattering, and second-harmonic generation. It is also used in several industries like clinical research, food, biotechnology companies apart from pharmaceutical industries. It is principally a technique used for analyzing bimolecular kinetics interaction. It is a novel technique used for detecting label-free bio molecular interactions in real time. This technique is used for material science, biosensors and drug discovery.
Global Surface Plasmon Resonance Market is segmented based on product type, application, end-user and region & country level. Based upon product type, surface plasmon resonance market is classified into imaging system, sensor system and reagents. Based upon application, the market is classified into drug discovery, material science and biosensors. Based upon end-users, surface plasmon resonance market is classified into academic & research institutes, food & beverage industry, biopharmaceutical companies, CROS and among others.
The regions covered in this surface plasmon resonance market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of surface plasmon resonance is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
September 2019; Leading industry experts from some of the most influential pharmaceutical, biotech companies, and institutions in the world such as Bristol Myers Squibb, Boehringer Ingelheim, and the Huntsman Cancer Institute provided insight on using high throughput surface plasmon resonance (SPR) technology to explore the full kinetic and epitope diversity of antibody libraries. Presentations from leading industry experts and Carterra demonstrated how high throughput SPR using the Carterra LSA is facilitating a paradigm shift in antibody screening, enabling higher information content assays to be conducted earlier in the research pipeline.
Increasing application in food industry is one of the major factors driving the growth of global surface plasmon resonance market. In food industry, examining food quality is mandatory to ensure transparency and accuracy regarding the nutritional profile of the product as well as for regulatory compliance. Owing to its benefits such as faster sample generation and reduced assay time, surface plasmon resonance is gathering prominence in the food industry over existing techniques such as microbiological assays. Such increasing application of SPR in the food sector is convincing the players in the surface plasmon resonance market to restore their strategies. Additionally, drug discovery will continue to be the target application area for surface plasmon resonance market players throughout the period of projection.
However, high cost of the SPR products may hinder the growth of the surface plasmon resonance market over the forecast period. In spite of that, improving reliability of analyzed kinetic parameters by innovation in the analyzing software or sensors is expected to provide unique opportunities for small sample volume analysis and high affinity measurement.
North America is expected to dominate the global surface plasmon resonance market due to early adoption of the latest technologies and launch of innovative techniques in favor of the end-users are magnifying the demand in this region. Additionally, increased focus to improve diagnosis and treatment procedures in hospitals is also anticipated to expand the market in this region.
Asia-Pacific is anticipated to grow at a highest CAGR over forecast period due to rising geriatric population and emergence of this technique in food and beverages industries to improve the quality of food products. According to UNESCAP, the region is experiencing population ageing at an unprecedented pace, with the number of older persons expected to more than double, from 535 million in 2015 to about 1.3 billion by 2050.
|Market Size in 2019:
|US$ 683.9 Million
|Market Historical Analysis:
|Forecast Period CAGR %:
|Market Size Expected to reach in 2026:
|US$ 1036.6 Million
|Tables, Charts & Figures:
|Bio-Rad Laboratories, Inc., Biosensing Instrument Inc., Bristol-Meyers, Boehringer Ingelheim, Kinetic Evaluation Instruments BV, AMETEK Inc., Nicoya Lifesciences Inc. and others.
|Product Type, Application, End-User
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
By Product Type:
Regional & Country Analysis
Middle East and Africa
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