Overview

Surface Plasmon Resonance Market is predicted to value over USD xx billion by 2027 end with a CAGR of over xx% during the forecast period 2020 to 2027.

Rising applications of surface plasmon resonance in drug discovery is oner of the factors responsible for the proliferation of the market. SPR is used for monitoring protein to protein, protein to small molecules and protein to peptide interactions that offer valuable equilibrium and kinetic data. The characterization of reaction affinity and kinetic binding between a receptor and a potential drug is compulsory for developing a new drug. Increased usage of SPR in the food sector shall boost the surface plasmon resonance market growth. SPR is used for monitoring the food quality through vitamin quantification in food matrices. SPR provides different advantages like faster preparation, reduced assay time and ease of use in comparison with alternative methods like microbiological assays shall aid in the growth of the market. However, the high expense of SPR products shall restrain the growth of the market.
Furthermore, reagents bolstering such systems are expensive, thereby increasing the total interaction cost. Additionally, the development of point-of-care SPR products shall provide many lucrative market growth opportunities. Conversely, the SPR POC device development is restrained by multiple factors like shortage of detection sensitivity, high cost incurred for combining microfluidic chips with POC system and mass fabrication of substrate metal nanostructures that are durable.

Surface Plasmon Resonance Market

Market Segmentation:

By Product Type
•   Imaging System
•   Sensor System
•   Reagents
By Application
•   Drug Discovery
•   Material Science
By Region
•   North America
•   Europe
•   Asia-Pacific
•   Latin America
•   Middle East and Africa

The market is classified into product type, application and region. The product type segment is diversified into imaging system, sensor system and reagents. The application segment is categorised into drug discovery, material science, biosensors. The drug discovery segment is further fragmented into drug formulation, drug-cell interactions and controlled drug release while the material science segment is divided into new material and coatings and process optimization.

Regional Analysis:

The North America region is predicted to dominate the market during the forecast period owing to a strong presence of key market players in the region, growing investments from government bodies for conducting extensive researches on SPR technology.

Competitive Landscape:

The key market players associated are Bio-Rad Laboratories Inc., Biosensing Instrument Inc., Kinetic Evaluation Instruments BV, AMETEK, Inc., Nicoya Lifesciences Inc.

FutureWise Key Takeaways:

• Growth prospects
• SWOT analysis
• Key market trends
• Key data-points affecting market growth

Objectives of the Study:

• To provide with an exhaustive analysis on the global surface plasmon resonance market by product type, by application and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East and Africa
• To record, evaluate and analyze competitive landscape mapping- product launches, technological advancements, mergers and expansions

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