The latest research report on Surface Plasmon Resonance Market delivers a comprehensive study on current market trends. The outcome also includes revenue forecasts, statistics, market valuations which illustrate its growth trends and competitive landscape as well as the key players in the business.
Surface Plasmon Resonance Market is valued at USD 684.83Million in 2018 and expected to reach USD 1029.74 Million by 2025 with the CAGR of 6% over the forecast period.
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Surface plasmon resonanceis the optical instrument used to measure the effect of the binding molecules in real time. This technique can detect the two different moleculesin which one is mobile and other can be fixed on a thin gold film. This technique is used to monitor the refractive index of the biomolecules. The surface plasmon resonance has been utilized in many industries including food and beverages, pharmaceuticals, electronics for biosensors and healthcare for drug discovery. As this technology provides significant advantages like real time monitoring, provides reusable sensor chips, label-free detection,making small sample size and provides the accurate results in the pharmaceutical industry.
Recent study shows that Plasmon Resonance (SPR) is widely used in the development of nanoparticles (NPs) for biomedical purposes, for enhancing the pharmacokinetic profile of drugs by targeting specific disease site. Hence the novel usage of SPR technology sensors is for screening, developing and characterizing the advanced nanodevices for the biomedical purposes.
The global surface plasmon resonance market is segmented on the product type, application, end-user and region and country level. On the basis on product type, the surface plasmon resonance market is segmented into sensor system, reagents, imaging system and others. On the basis of application, the global surface plasmon resonance market is divided into cathode-ray oscilloscope (CRO), drug discovery biosensors, material science. Among this, biosensor has shown significant market growth followed by CRO and drug discovery. On the basis of end-user, the global surface plasmon resonance market is bifurcated into Pharmaceutical & biopharmaceutical companies, food and beverage industryand academic and research institutes. Of this biopharmaceutical companies has the highest market share during the study period.
The regions covered in global surface plasmon resonance market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, global surface plasmon resonance market sub divided in to U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key players for global surface plasmon resonancemarket reports –
Global surface plasmon resonance market reports cover prominent players like Carterra Inc., Bio-Rad Laboratories, Inc., Bruker,Nicoya Lifescience, Amtek,General Electric Co., AMETEK, Inc., CarterraBristol Myers Squibb, Biosensing Instrument, Horiba, and others.
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Biosensing instrument has been introduced the world’s first commercially available surface plasmon resonance microscopy system for membrane protein interactions research
News: 22Feb 2017- Biosensing Instrument has launchedsurface plasmon resonance microscopy (SPRM) system SPRM 200. The SPRM system was made commercially available for the first time by Biosensing instruments. This new system enables to manage label-free solution in scientific in vitro measurement of binding reactions and kinetics of individual cells in their native environment. Furthermore system also provides the ability to study molecular interactions using cells grown on the sensor chip by redefining the frontier of SPR technology.
Global Surface Plasmon Resonance Market Dynamics –
The key factor for growth of global surface plasmon resonancemarket is increasing demand of the latest technology for R& D in the pharmaceutical and healthcare industry due to rising prevalence of chronic ailments like cancer, diabetes etc. As perthe Association of the British Pharmaceutical Industry, research and development expenditurefrom 2007 to 2016 was estimated USD 1.36 trillion in the global pharmaceutical industry. This organization also stated that the annual investment would cross USD 181 billion owing to increasing the adoption of advanced technology like label free detection and rising research for new drug discovery using SPR systems. However, the global surface plasmon resonancemarket is hampered by the high cost and investment for establishing new sensor technology and lack of sensitivity range. Moreover rising technological advancement for extensive research & development of pharmaceutical drugs with the advent of nanomaterials as well as surge in government funding and initiatives may create huge opportunity forglobal surface plasmon resonance market in the forecast period. For instance in Sept 2019, Carterra Company had launched advanced technology SPR system which provides the comprehensive study of binding kinetics and affinities of hundreds of interactions in parallel forms of the antibodies.
Impact Analysis due to Covid-19:
During the covid-19 pandemic, the global demand for the advanced technology based products and devices have been increased. Hence the SPR system is the advance method for researcher in detecting and studying the biomolecular interactions.
For example due to covid-19 outbreak, On April 2020,Nicoya, the leader analytical instruments provider for biotechnology and pharmaceutical industries, has provided surface plasmon resonance (SPR) technical support to all researchers without any cost.Hence this technology would in turn accelerate the research related activities for examining the molecular characteristics of the virus through structural data. Furthermore, SPR technology will help to accelerate to finding of the vaccinationfor Covid-19by studying binding affinity and kinetics usingdata in real-time and without the use of labels.
Surface Plasmon ResonanceMarket Regional Analysis –
North America is dominating the surface plasmon resonance market with the high potential rate due to presence of advanced research laboratories, and rising biopharmaceutical industry growth followed by Europe region.As per the report of The Pharmaceutical Research and Manufacturers of America (PhRMA), the total estimated expenditure of United States on the biopharmaceutical industrieswas valued USD 56.9 and which approximately accounts are for 17.6% of total GDP in 2013 followed by Europe. This rising biopharmaceutical expenditure was attributed with advanced technology research using SPR technology which ultimately boosts the demand for surface plasmon resonance market.
The Asia Pacific and the Africa is expected to emerge as the fastest-growing regional market due to rapidly increasinggovernment funding for research institutes as well as increased demand of new drugs due to high population.
Key Benefits for Surface Plasmon ResonanceMarket Reports –
Global surface plasmon resonance market report covers in depth historical and forecast analysis.
Global surface plasmon resonance market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Globalsurface plasmon resonance market report helps to identify opportunities in market place.
Global surface plasmon resonance market report covers extensive analysis of emerging trends and competitive landscape.
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Surface Plasmon Resonance Market Segmentation –
Surface Plasmon Resonance Market: by Product Type
Surface Plasmon ResonanceMarket: by Application
Cathode-ray oscilloscope (CRO)
Surface Plasmon Resonance Market: by End-user Type
Pharmaceutical and biopharmaceutical companies
food and beverage industry
Academic and research institutes
Surface Plasmon Resonance Market: by Regional & Country Analysis (North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa)
Table of Content
1 Study Coverage
1.1 Surface Plasmon Resonance Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Executive Summary
2.1 Global Surface Plasmon Resonance Market Size
2.2 Surface Plasmon Resonance Growth Rate (CAGR) 2020-2025
2.3 Analysis of Competitive Landscape
2.4 Key Trends for Surface Plasmon Resonance Markets & Products
3 Market Size by Manufacturers
3.1 Surface Plasmon Resonance Production by Manufacturers
3.2 Surface Plasmon Resonance Revenue by Manufacturers
3.3 Surface Plasmon Resonance Price by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans
4 Surface Plasmon Resonance Production by Regions
4.1 Global Surface Plasmon Resonance Production by Regions
4.2 North America
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