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.
Surface Plasmon Resonance (SPR) Market By Product – Imaging System, Sensor System, Reagent; By Application – Drug Discovery, Material Science, Biosensor; By Region – North America, Western Europe, Eastern Europe, Latin America, Middle East & Africa, APEJ, Japan
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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