Surface Plasmon Resonance Market is valued at USD 684.83 Million in 2018 and expected to reach USD 1029.74 Million by 2025 with the CAGR of 6% over the forecast period.
Increasing demand of the latest technology for R& D in the pharmaceutical and healthcare industry due to rising prevalence of chronic and infectious ailments like covid-19, cancer, diabetes etc. are some important factor driving the growth of surface plasmon resonance market.
Surface plasmon resonance is the optical instrument used to measure the effect of the binding molecules in real time. This technique can detect the two different molecules in which one is mobile and other can be fixed on a thin gold film. This technique is used to monitor the refractive index of the biomolecules. The surface plasmon resonance has been utilized in many industries including food and beverages, pharmaceuticals, electronics for biosensors and healthcare for drug discovery. As this technology provides significant advantages like real time monitoring, provides reusable sensor chips, label-free detection, making small sample size and provides the accurate results in the pharmaceutical industry.
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Recent study shows that Plasmon Resonance (SPR) is widely used in the development of nanoparticles (NPs) for biomedical purposes, for enhancing the pharmacokinetic profile of drugs by targeting specific disease site. Hence the novel usage of SPR technology sensors is for screening, developing and characterizing the advanced nanodevices for the biomedical purposes.
The global surface plasmon resonance market is segmented on the product type, application, end-user and region and country level. On the basis on product type, the surface plasmon resonance market is segmented into sensor system, reagents, imaging system and others. On the basis of application, the global surface plasmon resonance market is divided into cathode-ray oscilloscope (CRO), drug discovery biosensors, material science. Among this, biosensor has shown significant market growth followed by CRO and drug discovery. On the basis of end-user, the global surface plasmon resonance market is bifurcated into Pharmaceutical & biopharmaceutical companies, food and beverage industry and academic and research institutes. Of this biopharmaceutical companies has the highest market share during the study period.
The regions covered in global surface plasmon resonance market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, global surface plasmon resonance market sub divided in to U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Surface Plasmon Resonance Companies:
Bio-Rad Laboratories, Inc.
General Electric Co.
Carterra Bristol Myers Squibb
Global Surface Plasmon Resonance Market Dynamics –
The key factor for growth of global surface plasmon resonance market is increasing demand of the latest technology for R& D in the pharmaceutical and healthcare industry due to rising prevalence of chronic ailments like cancer, diabetes etc. As per the Association of the British Pharmaceutical Industry, research and development expenditure from 2007 to 2016 was estimated USD 1.36 trillion in the global pharmaceutical industry. This organization also stated that the annual investment would cross USD 181 billion owing to increasing the adoption of advanced technology like label free detection and rising research for new drug discovery using SPR systems. However, the global surface plasmon resonance market is hampered by the high cost and investment for establishing new sensor technology and lack of sensitivity range. Moreover rising technological advancement for extensive research & development of pharmaceutical drugs with the advent of nanomaterials as well as surge in government funding and initiatives may create huge opportunity for global surface plasmon resonance market in the forecast period. For instance in Sept 2019, Carterra Company had launched advanced technology SPR system which provides the comprehensive study of binding kinetics and affinities of hundreds of interactions in parallel forms of the antibodies.
Impact Analysis due to Covid-19:
During the covid-19 pandemic, the global demand for the advanced technology based products and devices have been increased. Hence the SPR system is the advance method for researcher in detecting and studying the biomolecular interactions.
For example due to covid-19 outbreak, On April 2020, Nicoya, the leader analytical instruments provider for biotechnology and pharmaceutical industries, has provided surface plasmon resonance (SPR) technical support to all researchers without any cost. Hence this technology would in turn accelerate the research related activities for examining the molecular characteristics of the virus through structural data. Furthermore, SPR technology will help to accelerate to finding of the vaccination for Covid-19 by studying binding affinity and kinetics using data in real-time and without the use of labels.
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Surface Plasmon Resonance Market Regional Analysis –
North America is dominating the surface plasmon resonance market with the high potential rate due to presence of advanced research laboratories, and rising biopharmaceutical industry growth followed by Europe region. As per the report of The Pharmaceutical Research and Manufacturers of America (PhRMA), the total estimated expenditure of United States on the biopharmaceutical industries was valued USD 56.9 and which approximately accounts are for 17.6% of total GDP in 2013 followed by Europe. This rising biopharmaceutical expenditure was attributed with advanced technology research using SPR technology which ultimately boosts the demand for surface plasmon resonance market.
The Asia Pacific and the Africa is expected to emerge as the fastest-growing regional market due to rapidly increasing government funding for research institutes as well as increased demand of new drugs due to high population.
Key Benefits for Surface Plasmon Resonance Market Reports –
Global surface plasmon resonance market report covers in depth historical and forecast analysis.
Global surface plasmon resonance market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global surface plasmon resonance market report helps to identify opportunities in market place.
Global surface plasmon resonance market report covers extensive analysis of emerging trends and competitive landscape.
Surface Plasmon Resonance Market Segmentation –
by Product Type: Sensor system, Reagents, Imaging system, Others
by Application: Cathode-ray oscilloscope (CRO), Drug discovery, Biosensors, Material science
by End-user Type: Pharmaceutical and biopharmaceutical companies, food and beverage industry, Academic and research institutes, Others
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
Table of Content
1 Study Coverage
1.1 Surface Plasmon Resonance Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Executive Summary
2.1 Global Surface Plasmon Resonance Market Size
2.1.1 Global Surface Plasmon Resonance Revenue 2014-2025
2.1.2 Global Surface Plasmon Resonance Production 2014-2025
2.2 Surface Plasmon Resonance Growth Rate (CAGR) 2020-2025
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio
2.3.2 Key Surface Plasmon Resonance Manufacturers
220.127.116.11 Surface Plasmon Resonance Manufacturing Base Distribution, Headquarters
18.104.22.168 Manufacturers Surface Plasmon Resonance Product Offered
22.214.171.124 Date of Manufacturers Enter into Surface Plasmon Resonance Market
2.4 Key Trends for Surface Plasmon Resonance Markets & Products
3 Market Size by Manufacturers
3.1 Surface Plasmon Resonance Production by Manufacturers
3.1.1 Surface Plasmon Resonance Production by Manufacturers
3.1.2 Surface Plasmon Resonance Production Market Share by Manufacturers
3.2 Surface Plasmon Resonance Revenue by Manufacturers
3.2.1 Surface Plasmon Resonance Revenue by Manufacturers (2014-2020)
3.2.2 Surface Plasmon Resonance Revenue Share by Manufacturers (2014-2020)
3.3 Surface Plasmon Resonance Price by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans
4 Surface Plasmon Resonance Production by Regions
4.1 Global Surface Plasmon Resonance Production by Regions
4.1.1 Global Surface Plasmon Resonance Production Market Share by Regions
4.1.2 Global Surface Plasmon Resonance Revenue Market Share by Regions
4.2 North America
4.2.1 North America Surface Plasmon Resonance Production
4.2.2 North America Surface Plasmon Resonance Revenue
4.2.3 Key Players in North America
4.2.4 North America Surface Plasmon Resonance Import & Export
4.3.1 Europe Surface Plasmon Resonance Production
4.3.2 Europe Surface Plasmon Resonance Revenue
4.3.3 Key Players in Europe
4.3.4 Europe Surface Plasmon Resonance Import & Export
4.4.1 China Surface Plasmon Resonance Production
4.4.2 China Surface Plasmon Resonance Revenue
4.4.3 Key Players in China
4.4.4 China Surface Plasmon Resonance Import & Export
4.5.1 Japan Surface Plasmon Resonance Production
4.5.2 Japan Surface Plasmon Resonance Revenue
4.5.3 Key Players in Japan
4.5.4 Japan Surface Plasmon Resonance Import & Export
5 Surface Plasmon Resonance Consumption by Regions
5.1 Global Surface Plasmon Resonance Consumption by Regions
5.1.1 Global Surface Plasmon Resonance Consumption by Regions
5.1.2 Global Surface Plasmon Resonance Consumption Market Share by Regions
5.2 North America
5.2.1 North America Surface Plasmon Resonance Consumption by Application
5.2.2 North America Surface Plasmon Resonance Consumption by Countries
5.2.3 United States
5.3.1 Europe Surface Plasmon Resonance Consumption by Application
5.3.2 Europe Surface Plasmon Resonance Consumption by Countries
5.4 Asia Pacific
5.4.1 Asia Pacific Surface Plasmon Resonance Consumption by Application
5.4.2 Asia Pacific Surface Plasmon Resonance Consumption by Regions
5.4.5 South Korea
5.5 Central & South America
5.5.1 Central & South America Surface Plasmon Resonance Consumption by Application
5.5.2 Central & South America Surface Plasmon Resonance Consumption by Country
5.6 Middle East and Africa
5.6.1 Middle East and Africa Surface Plasmon Resonance Consumption by Application
5.6.2 Middle East and Africa Surface Plasmon Resonance Consumption by Countries
5.6.4 GCC Countries
5.6.6 South Africa
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