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Growing Availability of Versatile Products to Drive Surface Plasmon Resonance (SPR) Market

Press release Description

Albany, New York, August 25, 2016: Market Research Reports Search Engine (MRRSE) has announced that its repository now features a report titled “Surface Plasmon Resonance (SPR) Market: Global Industry Analysis and Opportunity Assessment 2015 – 2025.” The report, by Future Market Insights (FMI), states that the global surface plasmon resonance (SPR) market is anticipated to touch US$1,110.4 mn by the end of 2025.

The first section of the report presents an overview of the surface plasmon resonance market. This part comprises information on the drivers, opportunities, restraints, and trends in the market. The growing availability of versatile products and the rising utilization of label-free detection techniques in place of labelled detection techniques are amongst the prime factors fuelling the growth of the market. In addition, the rising employment of microfluidics techniques for reducing the consumption of reagents and the launch of cutting-edge imaging software for evaluating surface plasmon resonance are the main trends seen in the market.

Contrariwise, the upcoming alternative techniques for protein detection and the skyrocketing prices of products are the crucial factors predicted to impede the growth of the market for surface plasmon resonance, as stated in this study.

On the basis of product, the segment of sensor systems is poised to lead the market in the forecast period in terms of volume growth. On the other hand, the segment of imaging systems is anticipated to exhibit the highest growth rate in the forecast horizon. This segment is predicted to lead the market in terms of value in the forecast horizon.

By application, biosensors lead the market in terms of revenue growth due to the increasing utilization of surface plasmon resonance in food safety. On the other hand, the growing utilization of surface plasmon resonance technique by researchers for analyzing drug-cell interactions is stimulating the growth of the drug discovery application segment of the global SPR market.

Geographically, the market is segmented into Latin America, North America, Eastern Europe, Asia Pacific excluding Japan (APEJ), the Middle East and Africa, Western Europe, and Japan. Of these, North America is predicted to lead the market and exhibit a 6.20% CAGR on the basis of value during the forecast period. The North America SPR market represented a revenue share of 35.1% in 2014.

As per the report, the prominent players in the global surface plasmon resonance market are Bio-Rad Laboratories, Inc., GE Healthcare, Biosensing Instruments, Reichert Technologies (acquired by Ametek, Inc.), and Horiba Ltd., among others.

Browse Full Global Surface Plasmon Resonance (SPR) Market Report with TOC:

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