Danaher (US) and Sartorius AG (Germany) are Leading Players in the Label-free Detection Market
The label-free detection market is projected to reach USD 863 million by 2028 from an estimated USD 570 million in 2023, at a CAGR of 8.7% during the forecast period. The major factors driving the growth of this market include the technological advancements in label-free detection market, growing number academic-industrial partnerships for drug discovery programs and high sensitivity of label-free technologies. However, the high cost of instruments is a major factor restraining market growth to a certain extent.
The global market is a consolidated with top players such as, Danaher (US), Sartorius AG (Germany), Waters Corporation (US), PerkinElmer, Inc. (US), and AMETEK, Inc. (US).
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Danaher (US)
Danaher (US) dominated the global label-free detection market with the largest share in 2022. The company is a global leader in label-free detection and has been operating in the market for about 100 years. The company operates through three business segments: Diagnostics, Biotechnology, Life Sciences, and Environmental & Applied Solutions. The company offers label-free detection products through its Life Sciences segment.
The company focuses on organic and inorganic growth strategies such as product launches, acquisitions, collaborations, and partnerships to strengthen its market presence. Danaher has a history of strategically acquiring innovative life sciences and diagnostics companies. For instance, in March 2020, Danaher acquired the Biopharma business from GE’s Life Sciences division. The business was renamed Cytiva and now acts as a standalone operating company within Danaher’s Life Sciences segment. A diversified product portfolio, broad geographical reach, and constant focus on R&D have enabled the company to create a strong foothold in the label-free detection market.
Sartorius AG (Germany)
Sartorius AG is a leading provider of integrated solutions for the biopharmaceutical industry. The company operates through two divisions: Bioprocess Solutions and Lab Products & Services. In April 2020, Sartorius AG acquired the life science company, ‘ForteBio,’ the former biologics business unit of Molecular Devices (a part of Danaher). ForteBio offers label-free biomolecular characterization products, including innovative protein analysis instruments, biosensors, and reagents used in drug discovery through the Sartorius Lab Products & Services division.
The company is well-established in the laboratory products and services industry, with a strong presence in the label-free detection market. Sartorius provides bio-layer interferometry systems, reagents & kits, and biosensor chips. The company has focused on several product launches to sustain its market position. More recently, in April 2022, Sartorius launched the new Octet SF3, the first SPR system under the Sartorius Octet brand.
Waters Corporation (US)
Waters designs and manufactures ultra-performance liquid chromatography (UPLC), high-performance liquid chromatography (HPLC), chromatography columns and chemistry products, mass spectrometry (MS) systems, and thermal analysis & rheometry instruments. The company operates through two business segments: Waters and TA. The TA segment is further subsegmented into TA Instrument Systems and TA Services. The company operates in the label-free detection market through the TA Instrument Systems subsegment.
The company focuses on product launches, acquisitions, and collaborations. For instance, in September 2021, TA introduced the TMA 450RH and the Discovery SA. The TMA 450RH measures the dimensional compatibility of materials under controlled temperature and humidity. Discovery SA is used in pharmaceutical development to assess the impact of moisture in drug product processing and storage on crystalline structure, which is related to drug product efficacy. Thus, the launch of technologically advanced products in the market is expected to increase their footprint.
Related Reports:
Label-free Detection Market by Product & Service (Instruments, Consumables(Biosensor Chips, Microplates), Software), Technology(Surface Plasmon Resonance), Application (Hit Confirmation, Lead Generation), End User (Pharma, CROs) – Global Forecast to 2028
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