A detailed analysis of the Global Label-Free Array System Market 2023 is provided, including global, regional, and country-level market sizes, segmentation market growth, market share, competitive landscape, sales analysis, impact of domestic and global Label-Free Array System Market players, value chain optimization, trade regulations, recent developments, strategic market growth analyses, product launches, expanding the area market, and technological advances.
The global label-free array system market size was USD 1.05 Billion in 2022 and is expected to reach USD 2.36 Billion by 2032, and register a rapid revenue CAGR of 9.2% during the forecast period. Rising need for label-free technologies in drug discovery and increasing use of personalized medicine are major factors driving market revenue growth. Label-free array systems offer a more precise and effective method of analyzing drug-target interactions, which improves drug development and discovery.
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Market Overview:
In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.
Key Players covered in this report are
- General Electric Company
- PerkinElmer, Inc.
- Agilent Technologies, Inc.
- F. Hoffmann-La Roche Ltd.
- Danaher Corporation
- Bio-Rad Laboratories, Inc.
- Illumina, Inc.
- Corning Incorporated
- Thermo Fisher Scientific, Inc.
- Bruker Corporation
- Pall Corporation
- Shimadzu Corporation
Based on Technology market is segmented into:
- Surface Plasmon Resonance
- Bio-Layer Interferometry
- Quartz Crystal Microbalance
- Other Technologies
Based on Application market is segmented into:
- Drug Discovery & Development
- Protein Analysis
- Disease Diagnosis
- Other Applications
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Strategic Development:
- In November 2021, Illumina, Inc. announced the acquisition of BioSpyder Technologies, a company specializing in multiplexed gene expression analysis. The acquisition will help Illumina expand its portfolio of gene expression analysis products and enhance its position in the label-free array system market.
- In October 2021, PerkinElmer, Inc. launched the VICTOR Nivo multimode plate reader, which enables label-free detection of biomolecules in real-time. The product launch is expected to help the company expand its product offerings in the label-free array system market.
- In July 2021, Agilent Technologies, Inc. announced the acquisition of Resolution Bioscience, a company specializing in the development of liquid biopsy technologies for cancer diagnosis. The acquisition will help Agilent Technologies strengthen its position in the label-free array system market.
- In 2020, F. Hoffmann-La Roche Ltd. announced the acquisition of Stratos Genomics, a company specializing in the development of nanopore-based DNA sequencing technologies. The acquisition is expected to help Roche expand its product offerings in the label-free array system market.
- In 2020, General Electric Company announced the launch of its DeltaVision OMX Flex microscope, which offers label-free super-resolution imaging. The product launch is expected to help GE Healthcare expand its product offerings in the label-free array system market.
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