Valley Cottage, NY, Dec. 08, 2017 (GLOBE NEWSWIRE) -- Surface plasmon resonance system is utilized to evaluate energy interaction among biomolecules. The technique is a growing for tag free recognition of biomolecular associations continuously. Surface plasmon resonance systems offer advantages, for example, sensitivity and great specificity and depends on the theory of aggregate inner reflection as well as is for the most part utilized in clinical research groups, biotechnology and pharmaceutical companies along with food industry. This system has broad application in diverse fields, for example, material science, biosensors and drug discovery.
With more alternative techniques surfacing for the finding of protein along with high cost of the products are some factors estimated to impede the growth of the worldwide market for surface plasmon resonance.
The worldwide market for surface plasmon resonance will be registering a 5.9% CAGR in revenue terms during 2015 - 2025. The overall market accounted for approx US$ 628.2 Million through 2015 in terms of revenue and is likely to grow around US$ 1.11 Billion through the end of the forecast year 2025.
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Market Segmentation
Segmentation by regions
The overall market is studied across the following regions
- Japan
- Western Europe
- North America
- Latin America
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa
North America is projected to dominate the worldwide market for surface plasmon resonance all through the assessment period. The Japan and Asia Pacific excluding Japan regions are estimated to record CAGRs of 6.7% and 7.0% respectively, in value terms, over the predicted period. The Eastern Europe and Western Europe, however, are likely to lose their revenue share during the calculated period.
Segmentation by products
The overall market is categorized into
- Reagent
- Sensor System
- Imaging System
The sensor system category is projected to reach the highest share in the overall market in volume growth terms. The imaging system category is likely to record maximum CAGR in value terms during the calculation period. Additionally, the reagents category is likely to be the second biggest market in volume terms and value during the estimated period.
Segmentation by application
The worldwide market is categorized into:
- Bio-sensors
- Material Science
- Drug Discovery
In terms of volume and value, the drug discovery category is projected to lead the worldwide market for surface plasmon resonance through the end of the anticipated period. With the growing implementation of the technique of surface plasmon resonance in between researchers for examination of drug-cell interactions is driving the overall expansion of the drug discovery category.
Key Market Players
A few of the prominent market participants in the global market for surface plasmon resonance include
- Reichert Technologies (acquired by Ametek, Inc.)
- Bio-Rad Laboratories Inc.
- GE Healthcare
- Horiba Ltd.
- Biosensing Instruments
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