According to our latest study on "Label Free Detection Market Forecast to 2028 – COVID-19 Impact and Global Analysis - by Product (Consumables and Instruments), Technology (Surface Plasmon Resonance, Bio-Layer Interferometry, Differential Scanning Calorimetry, Isothermal Titration Calorimetry, and Other LFD Technologies), Application (Binding Kinetics, Binding Thermodynamics, HIT Confirmation, Lead Generation, Endogenous Receptor Detection, and Other Applications), End User (Pharmaceutical & Biotechnology Companies, Academic and Research Institutes, Contract Research Organizations, Other End Users)," the market is expected to grow from US$ 474.82 million in 2021 to US$ 829.71 million by 2028; it is estimated to grow at a CAGR of 8.3% from 2021 to 2028. The report highlights the key factors driving the market and prominent players with their developments. The growth of the label free detection market is primarily attributed due to introduction of high-tech products and growing number of drug discovery programs through academic–industrial partnerships. However, high cost of LFD instruments can hamper the market's growth.

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Based on product, the label free detection market is bifurcated into consumables and instruments. The consumables segment held the largest share of the market in 2021 moreover, the same segment is anticipated to register the highest CAGR of 8.6% in the market during the forecast period. Consumables used in the label free detection market comprise microplates, sample tubes & tips, biosensor chips, software etc. A successful detection requires every element of the process to go smoothly. For instance, the sensor chips are made of a high refractive index glass prism coated with a gold thin film specially developed for imaging purposes. Importantly, the sensor chips can be provided with pre-functionalized surface chemistry or as bare biochips suitable for exploring your own chemistry and target molecule detection.
The label free detection market is segmented based on product, technology, application, end user, and geography. Based on product, the market is bifurcated consumables and instruments. Based on technology, the market is segmented into surface plasmon resonance, bio-layer interferometry, differential scanning calorimetry, isothermal titration calorimetry, and other LFD technologies. Based on application, the market is segmented into binding kinetics, binding thermodynamics, hit confirmation, lead generation, endogenous receptor detection, and other applications.

General Electric; Perkin Elmer, Inc.; AMETEK Inc.; F. HOFFMANN-LA ROCHE LTD; Spectris; METTLER TOLEDO; Agilent Technologies, Inc.; Waters Corporation; Sartorius AG; Corning Incorporated are a few leading companies operating in the label free detection market.

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