An Incisive, In-depth Analysis on the Surface Plasmon Resonance Spr Systems Market
This study offers a comprehensive, 360 degree analysis on the Surface Plasmon Resonance Spr Systems market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Surface Plasmon Resonance Spr Systems market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Surface plasmon resonance is a technique which is used to analyze kinetics of interaction between biomolecules. This is an emerging technique for label-free detection in real time for bio molecular interactions. Surface plasmon resonance technique offers benefits such as high specificity and sensitivity and is based on the principle of total internal reflection and is mainly used in pharmaceutical and biotechnology companies, food industry and clinical research organization. This technique is used in various fields such as drug discovery, material science and biosensors. SPR technique also used for various purposes such as to identifying binding specificity of two or more molecules, determining affinity of the reaction, and measuring association and dissociation rate. In terms of value, the global surface plasmon resonance market is anticipated to be valued at US$ 1273.8 Mn by 2027, exhibiting a 6.3% CAGR during the forecast period.
The global surface plasmon resonance market is mainly driven by increasing adoption of label-free detection techniques over labelled detection techniques due to cost-effectiveness, availability of versatile products in the SPR market for refined outcomes and coupling of complementary techniques with SPR to enhance specificity of the test are major factors leading to increased demand for surface plasmon resonance. This in turn is fuelling growth of the global surface plasmon resonance market. Emergence of alternative techniques for detection of protein and high prices of products are few factors expected to hamper growth of the global surface plasmon resonance market to a certain extent. Major trends in the surface plasmon resonance market include increased adoption of microfluidics technique to lower consumption of reagent, introduction of advanced imaging software for analysis of surface plasmon resonance and consistent investment in research and development by various companies.
Development of SPR based point of care devices presents a huge opportunity in the market
Application of SPR for the development of point-of-care devices has been a primary area of focus in the recent past. Companies are focused on developing of point-of-care devices based on SPR technique; however, factors such as mass fabrication of durable metal nanostructure on the substrate, detection sensitivity shortage and high cost incurred for the combination of microfluidic chip with the POC system and the sensor is hampering development of POC devices. Researchers are continuously working on taking SPR technique out of the laboratories and to sites closer to the common user through development of user-friendly device. However, the current SPR technique does not pose any significant competition to costly POC devices using labelled detection techniques.
Global Surface Plasmon Resonance Market Analysis and Forecast, By Region
By region, the global surface plasmon resonance market has been segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East & Africa (MEA). Globally, in terms of revenue, North America has been estimated to account for the highest share of 35.5% in 2017, followed by Western Europe. Meanwhile, revenue from the market in Asia Pacific excluding Japan (APEJ) is expected to expand at the significant CAGR of 7.4% over the forecast period. The North America surface plasmon resonance market was estimated to be valued at nearly US$ 250 Mn in 2017 and is forecasted to reach a valuation of nearly US$ 470 Mn in 2027, exhibiting a CAGR of 6.7% during the period of assessment from 2017-2027. The Latin America surface plasmon resonance market was estimated to be valued at nearly US$ 50 Mn in 2017, and is anticipated to reach a valuation of nearly US$ 70 Mn in 2027, exhibiting a CAGR of 4.6% during the period of forecast.
FREQUENTLY ASKED QUESTIONS ABOUT Surface Plasmon Resonance Market
How the market is expected to grow in the forecast period?
Surface plasmon resonance market is anticipated to grow by 1.8X over the forecast period, owing to the increasing application of surface plasmon resonance in food industries.
Which product type have better growth potential over the next decade?
Imaging system product type is expected to witness relatively high demand, primarily attributed to increasing adoption of label-free technique for detection of biomolecular interactions.
Which region will offer more lucrative opportunities for surface plasmon resonce market players?
Asia Pacific excluding Japan surface plasmon resonance market is expected to show significant growth opportunities during the forecast period, owing to due to the presence of key market players and increasing adoption of surface plasmon resonance in the drug delivery application
Who are the major players contributing to the growth of surface plasmon resonance market?
The surface plasmon resonance is consolidated by top three players namely, GE Healthcare, Horiba, and AMETEK, Inc. GE healthcare alone accounts for more than half revenue share of the global surface plasmon resonance market.
What are the major restraints hampering the growth of the surface plasmon resonance market?
High cost of the surface plasmon resonance products and lack of skilled professional to perform the protocol are some of the key factors anticipated to deter the growth of the surface plasmon resonance market over the forecast period.
This report examines the ‘Global Surface Plasmon Resonance Market’ for the period 2019-2027. The primary objective of the report is to offer market dynamics such as trends, drivers, restraints, and opportunities for manufacturers and service providers operating in the global surface plasmon resonance market. The report also offers value forecast for the global surface plasmon resonance market for the period 2019-2027.
In order to have an ease of understanding and for the better organization of the report, the report on global surface plasmon resonance market has been divided into four distinct parts. The first part of the report contains the introduction section that has the executive summary of the report along with the market taxonomy and the definition of the concerned product and the market viewpoint. This section of the report also contains detailed information regarding the market dynamics operating in the global surface plasmon resonance market in the form of drivers, restraints, opportunities and trends. Detailed and comprehensive information is given on all such important aspects and market dynamics of the global surface plasmon resonance market and this is an invaluable section of the report.
The second part of the report contains the regional surface plasmon resonance market analysis and the regions are chosen as per the market taxonomy. The last part of the report contains the global surface plasmon resonance market analysis and forecast by product type, application, end user and by region. This section of the report contains important market numbers in the form of market attractiveness index, incremental dollar opportunity and basis point share analysis.
Another part of the report contains the competition landscape of the global surface plasmon resonance market and has information on the key players operating in this market. The competition landscape contains detailed information on the important companies operating in the global surface plasmon resonance market in the form of company description, product overview, key developments, strategic overview and key financials of each of the featured companies along with the SWOT analysis of the companies. This competition landscape is a valuable part of the report as it contains all the necessary information to study the leading companies operating in the global surface plasmon resonance market in detail and also reveals how they implement their strategies and vision to stay at top in this highly competitive market.
Overall market size has been analysed through historical data, primary responses, and public domain data. Revenue of companies in the global surface plasmon resonance market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinized using advanced tools to garner quantitative and qualitative insights into the global surface plasmon resonance market.
Surface Plasmon Resonance Market Reports - Table of Contents
11. Forecast Factors: Relevance and Impact
12. Forecast Assumptions
19. Assumptions and Acronyms Used
20. Research Methodology