Pune, India -- (SBWIRE) -- 03/16/2018 -- The Global Label-Free Detection Market accounted to USD 805.0 million in 2016 growing at a CAGR of 8.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Label-free detection systems are the type of integrated systems which are used for the examination of the biomolecular interactions without reducing the labels or auto-fluorescent effects. These systems offer rapid and real time approach for new drug discovery. Label-free detection systems are used for the detection of the biochemical and cell-based assays.

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Major Market Drivers & Restraints:

- Innovations in Label-Free Detection Technologies
- Increasing Therapeutic Outsourcing
- Growing Pharmaceutical and Biotechnology Industries
- Increasing Life Science Research Activities in Emerging Markets
- Scarcity of Skilled Professionals
- High Growth Potential in Emerging Markets
- Uncertain FDA Strategies
- Microscale Thermophoresis

Market Segmentation: Global Label-Free Detection Market

By product the global label-free detection market is segmented into instruments and consumables.

Consumables segment is further sub-segmented into biosensor chips, and microplates.

On the basis of technology the global label-free detection market is segmented into surface plasmon resonance, bio-layer interferometry, isothermal titration calorimetry, differential scanning calorimetry, and other LFD technologies.

On the basis of application the global label-free detection market is segmented into binding kinetics, binding thermodynamics, endogenous receptor detection, hit confirmation, and lead generation.

On the basis of end-user the global label-free detection market is segmented into pharmaceutical & biotechnology companies, academic & research institutes, contract research organizations, and other end users.

On the basis of geography, global label-free detection market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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Competitive Analysis: Global Label-Free Detection Market

The global label-free detection market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of label-free detection market for global, Europe, North America, Asia Pacific and South America.

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