According to a new report from Transparency Market Research (TMR), the global label-free detection techniques market is driven primarily by the growing awareness about the detailed data obtainable through these techniques. The report, titled ‘Label Free Detection Techniques Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,’ examines the historical development trajectory of the market to present actionable insights into the influential growth drivers for the market. Based on a solid analysis of the dynamics of the label-free detection techniques market at present, the report provides reliable forecasts regarding the market’s development in the coming years.
Label-free detection techniques comprise a crucial advance in drug discovery. The techniques refer to various ways of obtaining analytical data about a given sample without using reporter labels such as customized reagents and dyes for identification. Label-free detection techniques are used in molecular assays specifically to detect endogenous targets and present the key advantage of not requiring spatial interference, unlike conventional assay tools such as enzyme-linked immunoassays (ELISA) and flow cytometry.
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The use of label-free detection techniques is growing in the life sciences and pharmaceutical industries since they allow effective management of the multiple signaling pathways involved in drug discovery. Label-free detection techniques also help eliminate quenching in auto-fluorescent materials, making the detection process more reliable than conventional options.
The solid backing to research initiatives in industrial as well as academic settings is a key driver for the global label-free detection techniques market. Research in medicine and other life sciences is being recognized as vital by many governments across the world, resulting in promising prospects for the label-free detection techniques. Many governments have also taken steps to boost the awareness about label-free detection techniques in the life sciences industry.
The high costs of label-free detection techniques are the primary restraint on the global market for the same. Due to the technological sophistication required for accurate analysis without the use of reporter labels, label-free detection techniques are currently quite expensive and thus dependent to some extent on governments incentivizing their use and helping promote awareness. The consistent technological progression in label-free detection techniques has enabled the industry to keep in touch with the contemporaneous technological scenario, but it has also led to a consistent rise in the prices. Sustained use of label-free detection techniques in developed countries in the coming years could help the industry overcome this restraint.
Geographically, the developed countries in North America and Europe are the leading contributors to the global label-free detection techniques market. The dominant position of these two regions in the global pharmaceutical and life sciences industries has contributed to them being the leading markets for label-free detection techniques, as progressively more advanced iterations of label-free detection techniques have been available relatively easily in these regions.
The report examines the competitive landscape of the global label-free detection techniques market, profiling leading players to elucidate the competitive dynamics of the market. Key players profiled in the report include Bio-Rad Laboratories Inc., Corning Inc., Pall Corporation, Ametek, General Electric, Roche Diagnostics, and Danaher Corporation.
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