Danaher Corporation (US) and Sartorius AG (Germany) are Leading Players in the Label-Free Detection Market
The global Label-free detection market is projected to reach USD 515 million in 2024 will increase to USD 747 million by 2029, with a compound annual growth rate (CAGR) of 7.7% from 2024 to 2029. Development in the market for Label-free Detection may be ascribed to elements including technical developments in label-free detection tools, rising frequency of chronic infectious disorders, and growing use of label-free detecton technologies in medication development and clinical study. On the other hand, technical restrictions of label-free detection equipment and high instrument prices are projected to impede market development.
Danaher Corporation (US), Sartorius AG (Germany), Agilent Technologies, Inc. (US), Waters Corporation (US) and Corning Incorporated (US) holding the significant global market share, the global Label-free detection market is competitive.
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Danaher Corporation (US) leading participant in the Label-free detection market in 2023. Danaher Corporation (US). Through its subsidiary firms, Cytiva and Pall—included under its biotechnology division Danaher provides label-free detection products. Although sales in the portfolio for infectious asdisease testing show a rise in revenue in 2022, it is projected that this exponential development will not continue in 2023. But Danaher has a strong pipeline of products for this expanding market, hence it heavily invests in R&D efforts to enhance its current product range. The company also emphasizes inorganic development if it is to stay competitive in the industry. Using partnerships and acquisitions, among other tactics, will help to emphasize its presence in the label-free detection industry even more.
Sartorius AG (Germany) has established itself as a key player in the Label-free detection market. Sartorius AG has a great pipeline of products for this expanding industry, hence it heavily spends in R&D operations to enhance its present product range. The corporation also emphasizes inorganic development plans including agreements and acquisitions if it is to stay competitive in the industry. These approaches help to increase the range of label-free detection techniques. By means of the introduction of complete and user-friendly goods, the company concentration on product integration will assist it to increase its presence in the Label-free detection market. For instance, surface plasmon resonance (SPR) system under the Sartorius Octet brand, Sartorius debuted the new Octet SF3 in April 2022. New product introductions into the market will thus enable businesses to compete globally in the label-free detection market.
Agilent Technologies, Inc. (US) held the third-largest share in 2023. The company offers products in life sciences, diagnostics, and applied chemical markets. The business sells goods in the applied chemical, diagnostic, and life sciences industries. Label-free detection products from ACEA Biosciences, an Agilent Technologies subsidiary, are available through the company. The company's focus in product development is on introducing new products into the global label-free detection market. For instance, Agilent declared in February 2024 that an integration between the XCELLigence RTCA HT platform and the BioTek BioSpa 8 Automated Incubator will occur. By providing a label-free, non-invasive, kinetic readout of cell growth and cytotoxicity through the analysis of up to eight 384-well E-Plates, this integration improves throughput and reduces sample sizes. By merging their goods, Agilent may be able to gain market share and fight with rivals.
Related Reports:
Label-Free Detection Market by Offering (Instrument, Consumables (Biosensor Chips, Microplates), Software, Services), Technology (Surface Plasmon Resonance, Differential Scanning Calorimetry), Application (Lead Generation) - Global Forecast to 2029
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