Surface Plasmon Resonance Market Growth Accelerated by Increased Adoption in New Applications



 Surface plasmon resonance is a technique used for studying the kinetics of biochemical interactions between biomolecules such as antigen-antibody binding, protein-DNA binding, and protein-protein binding. It enables real-time analysis of biomolecular interactions without the use of labels. The technique provides details about binding affinity and kinetics of molecular interactions through the use of chip-based technology. The global Surface Plasmon Resonance Market is estimated to be valued at US$ 976.1 Mn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:
The increased adoption of SPR in new applications such as diagnostics, drug discovery, and food safety has emerged as a key trend fueling the growth of the surface plasmon resonance market over the forecast period. SPR allows for label-free detection of biomolecular interactions in real-time, serving as a valuable screening tool in the development of novel drugs and assays. Furthermore, the technique offers a viable alternative to radioisotope-based detection, which has contributed significantly to its increased adoption in diagnostics applications. The high sensitivity, real-time measurement capabilities and minimal sample requirements associated with SPR have positioned it as an indispensable tool in modern life sciences research and development.

Segment Analysis
The global Surface Plasmon Resonance (SPR) market is segmented into instrument type, application and end user. Based on instrument type, the biosensor segment dominates the market due to its high precision in detection of molecular binding events. SPR biosensors provide real-time detection of biomolecular interaction which has increased its adoption in pharmaceutical and biotechnology companies for drug discovery applications.

Key Takeaways
The global Surface Plasmon Resonance market is expected to witness high growth.

Regional analysis - North America dominated the market and is expected to continue its dominance over the forecast period. This is attributed to presence of major SPR instrument manufacturers along with heavy investments in research and development by pharmaceutical and biotechnology companies. Furthermore, growing proteomics and life science research in the US driving the demand for SPR instruments.

Key players operating in the Surface Plasmon Resonance market are Bio-Rad Laboratories, Inc., Carterra Inc., AMETEK, Inc., Bristol Myers Squibb, Horiba, Ltd., and Bruker. Bio-Rad Laboratories holds leading position in the global market due to strong expertise in developing high throughput analyzers used clinical research and drug discovery studies. Bristol Myers Squibb and Biosensing Instrument Inc. are also actively engaged in developing more sensitive SPR biosensors systems for early stage disease diagnosis. Carterra Inc. provides advanced plasmonic biosensing solutions optimized for label-free biomarker detection to support drug development.

Comments

Post a Comment

Popular posts from this blog

Neuroendocrine Cancer is the fastest growing segment fueling the growth of Pituitary Cancer Market

Image
The pituitary cancer market comprises of medical treatment options for patients diagnosed with pituitary cancer. Pituitary cancers are rare tumors that start in the pituitary gland which is a pea-sized gland located at the base of the brain.  The global Pituitary Cancer Market is estimated to be valued at US$ 380.7 Mn in 2023 and is expected to exhibit a CAGR of 9.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.    Market key trends: One of the key trends fueling the growth of the pituitary cancer market is rising preference of targeted drug therapy over conventional chemotherapy. Targeted drug therapies mainly include somatostatin analogs and dopamine agonists which directly act on cancer cells and have less side effects compared to chemotherapy. These targeted drugs are effective in controlling symptoms and slowing tumor growth in patients with hormone secreting pituitary adenomas and carcinomas. The targe...
Read more

Enhancing Patient Care and Comfort: The Evolution of Hospital Beds

Image
  Hospital beds play a crucial role in patient care, providing comfort, safety, and functionality for individuals requiring medical attention. Over the years, advancements in technology and design have revolutionized hospital beds, leading to improved patient outcomes and caregiver efficiency. From basic adjustable beds to sophisticated models equipped with cutting-edge features, the evolution of hospital beds has transformed the healthcare landscape. Evolution of Hospital Beds: Historically, hospital beds were simple in design, primarily consisting of a metal frame with adjustable height and manual controls. However, as medical practices advanced and patient needs became more complex, the demand for more versatile and ergonomic hospital beds grew. In recent decades, significant strides have been made in the development of hospital bed technology. Modern hospital beds are designed with a focus on patient comfort, safety, and mobility. Features such as electronic controls, motorize...
Read more

Dry Eye Disease Market is Estimated to Witness High Growth Owing to Rising Awareness About Disease Management

Image
  Dry eye disease, also known as keratoconjunctivitis sicca, is a multifactorial disease of the ocular surface characterized by lack of sufficient moisture and tear film instability. Common symptoms of dry eye include stingy or burning sensation in eyes and blurred vision.   Market Dynamics : The Dry Eye Disease Market is witnessing high growth owing to rising awareness about disease management and increasing number of people experiencing symptoms of dry eyes. According to the report, increasing usage of electronic devices and prolonged screen time is a major driver fueling the demand for dry eye treatments. Additionally, growing geriatric population worldwide who are more prone to dry eyes is also contributing to the market growth. Availability of various treatment options along with new product launches is further expected to boost the market during forecast period.   Increasing Prevalence of Dry Eye Disease is Driving Market Growth   One of the major market drive...
Read more