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Label-free Detection Market worth $863 million | MarketsandMarkets

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CHICAGO, July 20, 2023 /PRNewswire/ — In the near future, the label-free detection industry is poised to witness a revolutionary transformation, driven by advancements in cutting-edge technologies and increasing demand for non-invasive and real-time analysis in various sectors. Leveraging techniques such as surface plasmon resonance (SPR), interferometry, and optical biosensors, label-free detection systems will enable accurate and sensitive measurements without the need for chemical labels or complex sample preparation, making them faster, cost-effective, and environmentally friendly. This industry’s growth will be propelled by applications spanning medical diagnostics, drug discovery, food safety, environmental monitoring, and more, offering researchers and industries unprecedented insights into molecular interactions and cellular behavior. As the technology matures, the label-free detection industry will undoubtedly revolutionize how we understand and analyze complex biological and chemical systems, paving the way for groundbreaking discoveries and transformative solutions to global challenges.

Label-free Detection Market in terms of revenue was estimated to be worth $570 million in 2023 and is poised to reach $863 million by 2028, growing at a CAGR of 8.7% from 2023 to 2028 according to a new report by MarketsandMarkets™. The growth of this market is driven by rising prevalence of target diseases and disorders, the availability of funding for life science research and development, effectiveness of label-free technology in drug discovery. Additionally, the technological advancement in label-free detection leading to expanded applications and adoption of label-free detection products.

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Browse in-depth TOC on “Label-free Detection Market”
193 – Tables
43 – Figures
252 – Pages

Label-free Detection Market Scope:

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Report Coverage

Details

Market Revenue in 2023

$570 million

Estimated Value by 2028

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$863 million

Growth Rate

Poised to grow at a CAGR of 8.7%

Market Size Available for

2021–2028

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Forecast Period

2023–2028

Forecast Units

Value (USD Million)

Report Coverage

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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Product & Service, Technology, Application, and End User

Geographies Covered

North America, Europe, Asia Pacific, Latin America (LATAM) and Middle East and Africa (MEA)

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Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Growing life sciences research in emerging economies

Key Market Drivers

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Technological advancements in label-free detection

 

The instrument segment accounted for the largest share, by product & service in the label-free detection market in 2022.

By type, the label-free detection market has been further categorized as instruments, consumables, and software & services. The instrument segment held the largest share of the global label-free detection market in 2022. This can be attributed to Increasing R&D and the growing launches of label-free detection instruments. Label-free detection instruments are widely adopted by drug discovery researchers for applications such as kinetic studies, lead optimization, and pathway analysis. The use of labels in traditional drug discovery has been shown to cause undesirable and unanticipated interactions. Additionally, labeled technologies typically require the use of genetically modified cell lines, which can alter cellular behavior and can lead to false conclusions. These advantages are overcome by adoption of label free technologies.

The surface plasmon resonance segment accounted for the largest share of the technology segment in the label-free detection market in 2022.

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Based on technology, the global label-free detection market has been segmented into surface plasmon resonance, differential scanning calorimetry, bio-layer interferometry, isothermal titration calorimetry, and other label-free detection technologies. The surface plasmon resonance segment held the largest market share in 2022. The large share of this segment can be attributed to high sensitivity of this technology and its wide usage in determining specificity, affinity, and kinetic parameters during the binding of macromolecules.

The North America region catered the largest share of the label-free detection market in 2022.

The label-free detection market in North America has experienced significant growth in recent years, showcasing a robust expansion trajectory, owing to the well-established research infrastructure, strong pharmaceutical and biotech industry, increasing government support for life science research, technological advancements in label-free technologies, and collaborative initiatives contribute to the growth of the label-free detection market in the North America region. Additionally, rising research activity, increasing support for research from the public and private sectors, and growing pharma R&D spending are major drivers of the North American market.

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Label-free Detection Market Dynamics:

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Drivers:

  1. Introduction of technologically advanced products
  2. Growing number of drug discovery programs through academic-industrial partnerships
  3. High sensitivity of label-free technologies

Restraints:

  1. High cost of instruments

Opportunities:

  1. Growing life science research activities in emerging markets

Challenges:

  1. Shortage of skilled professionals

Trends:

  1. Rising pharmaceutical outsourcing
  2. Impact of the COVID-19 outbreak on the label-free detection market

Key Market Players:

Key players in the label-free detection market include Danaher (US), Sartorius AG (Germany), Waters Corporation (US), PerkinElmer, Inc. (US), AMETEK, Inc. (US), HORIBA, Ltd. (Japan), Spectris (UK), METTLER TOLEDO International Inc., (US), Agilent Technologies, Inc. (US), Shimadzu Corporation (Japan), Hitachi High-Tech Corporation (Japan), Attana AB (Sweden), Bruker (US), NanoTemper Technologies GmbH (Germany), Affinité Instruments (Canada), Biosensing Instrument (US), Unchained Labs (US), BioNavis Ltd. (Finland), Carterra, Inc. (US), Nicoya (Canada), BiOptix Analytical LLC (US), Plexera Bioscience (US), XanTec Bioanalytics GmbH (Germany), lino Biotech AG (Switzerland), and KEP Technologies (France).

Recent Developments:

  • In April 2022, Sartorius launched the new Octet SF3, the first SPR system under the Sartorius Octet brand. Octet SF3 is a next-generation SPR instrument that offers robust, high-throughput, low maintenance characterization of biomolecular interactions.
  • In February 2021, Creoptix, a subsidiary of Malvern Panalytical, launched WaveRAPID, a new and faster way of measuring kinetics to accelerate drug discovery.

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Label-free Detection Market Advantages:

  • Real-time analysis: Label-free detection techniques provide instant and continuous monitoring of molecular interactions, allowing researchers to observe dynamic processes in real-time. This real-time capability is invaluable for understanding kinetics, reaction rates, and binding affinities, leading to deeper insights into biological and chemical interactions.
  • Non-invasive and minimal sample preparation: Label-free detection eliminates the need for attaching chemical labels or probes to target molecules, which can alter their natural behavior. As a result, the technique requires minimal sample preparation, reducing the risk of introducing artifacts and ensuring more accurate and reliable data.
  • Sensitivity and specificity: Label-free detection systems offer high sensitivity and specificity, enabling the detection of low concentrations of analytes in complex biological or environmental samples. This sensitivity is crucial for applications such as early disease detection, drug screening, and environmental monitoring.
  • Cost-effectiveness: Since label-free detection does not require expensive chemical labels or specialized reagents, it can be a more cost-effective solution for long-term use compared to labeled methods. Additionally, reduced sample preparation steps translate into lower operational costs.
  • Multiplexing capability: Many label-free detection platforms allow multiplexing, meaning they can simultaneously analyze multiple analytes in a single experiment. This multiplexing capability enhances throughput and efficiency, making it ideal for high-throughput screening and large-scale analysis.
  • Reduced environmental impact: By eliminating the need for chemical labels, label-free detection contributes to a more eco-friendly approach to research and analysis. It minimizes the generation of hazardous waste, making it a greener alternative with reduced environmental impact.
  • Wide range of applications: Label-free detection technology finds applications in various fields, including life sciences (biological interactions, protein-protein interactions, etc.), pharmaceuticals (drug discovery and development), food safety (detection of contaminants), and environmental monitoring (water quality analysis, pollutant detection), among others. This versatility makes it a powerful tool with diverse applications.
  • Long-term stability: Label-free detection platforms often have robust and stable sensor surfaces, enabling prolonged use without compromising data quality. This reliability is critical for continuous monitoring and long-term experiments.
  • In conclusion, the label-free detection market offers numerous advantages that position it as a leading choice for researchers and industries seeking accurate, real-time, and cost-effective solutions for understanding complex molecular interactions and analyzing diverse samples across various sectors.

Related Reports:

Cell Analysis Market – Global Forecasts to 2028

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Proteomics Market – Global Forecasts to 2028

Cell Culture Market – Global Forecasts to 2028

Cell-based Assays Market – Global Forecasts to 2028

Microscopy Market – Global Forecasts to 2027

About MarketsandMarkets™:

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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Blockchain Press Releases

Bybit Pledges RMB 5 Million to Support Relief Efforts Following Devastating Tibet Earthquake

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DUBAI, UAE, Jan. 16, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is deeply saddened by the devastating earthquake that struck Tibet earlier this week, leaving a trail of destruction and heartache.

The tragedy has claimed at least 126 lives, injured 188 people, and displaced tens of thousands as over 3,000 buildings collapsed in the remote region near the northern base of Mount Everest. In response, Bybit is committing RMB 5 million in collaboration with the Red Cross Society of China (RCSC) to support critical relief and recovery efforts in the affected communities.

The 7.1-magnitude earthquake, which struck on January 7, has caused widespread devastation, with extreme winter conditions complicating rescue operations. More than 14,000 rescue workers have been mobilized to search for survivors amid sub-zero temperatures and strong winds, highlighting the urgent need for immediate aid.

“As a responsible global leader in the blockchain industry, Bybit is committed to standing with communities in their time of need,” said Helen Liu, Chief Operating Officer at Bybit. “Our thoughts are with the survivors, the rescue teams, and the families affected by this tragic event. We hope our contribution will help provide much-needed relief and support the road to recovery.”

The donation will be directed towards essential services, including emergency shelter, medical supplies, and food aid, as well as long-term rehabilitation efforts. Bybit is proud to partner with RCSC to ensure swift and impactful assistance to those in need.

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At Bybit, we firmly believe in the power of compassion and collaboration. This contribution reflects our commitment to fostering resilience and hope in the face of adversity.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press 

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For media inquiries, please contact: [email protected]

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Blockchain Press Releases

Bybit & SignalPlus Unveil the 100,000 USDC Global Trading Showdown

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DUBAI, UAE, Jan. 16, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, and SignalPlus, an innovative social trading platform aimed at democratizing options trading for digital and crypto assets, are excited to announce the Bybit x SignalPlus 2025 Global Trading Competition. With a staggering total prize pool of 100,000 USDC, this competition promises to be the ultimate stage for traders to showcase their skills and seize lucrative rewards.

From now until February 5, 2025, 8:00 AM UTC, the competition is open to all Bybit users—excluding residents of restricted jurisdictions.. This event invites participants to engage in options, spot, or futures trading for their chance to claim a share of the impressive prize pool.

“We are thrilled to partner with SignalPlus for the Bybit x SignalPlus 2025 Global Trading Competition,” said Joan Han, Sales & Marketing Director at Bybit. “This event reflects our commitment to fostering an active and vibrant trading community. Whether you’re a novice or a seasoned trader, this competition offers a platform to enhance your trading skills and earn exciting rewards.”

Chris Yu, CEO at SignalPlus, shared his enthusiasm: “Collaborating with Bybit reflects our unwavering commitment to empowering traders with cutting-edge tools and actionable insights. This competition is a unique opportunity for participants to showcase their trading expertise and be handsomely rewarded for their achievements.”

Competition Highlights

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  • 100,000 USDC Prize Pool: Compete for your share of a massive prize pool.
  • Daily Rewards System: Win prizes daily, with rewards credited promptly to energize your next trades.
  • Team Competition: The top four (4) teams will split a 7,300 USDC prize pool. Daily, one lucky team member will win a luxury 3-day, 2-night trip to Korea or its equivalent value in USDC.
  • Individual Competition: The top 35 winners will share 7,702 USDC, with individual prizes ranging from 30 USDC to 2,000 USDC. Daily rankings and lucky draws offer opportunities to win up to 250 USDC.
  • Daily Lucky Draw: Over 21 days, 129 winners will be chosen daily, ensuring that every trade counts toward exciting rewards.
  • Special Bonuses: Link your Bybit API to SignalPlus for a 10 USDC rebate. Complete your first Options trade on SignalPlus to earn an additional 20 USDC rebate.

For more details on the Bybit x SignalPlus 2025 Global Trading Competition, please visit here: https://announcements.bybit.com/article/-bybit-x-signalplus-2025-global-trading-competition-returns-with-bigger-rewards-win-your-share-of-the-100-000-usdc-prize-pool–blt36f0435aff9e950f/

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Blockchain

Blocks & Headlines: Today in Blockchain (BubbleMaps, Pantera Capital, Week 2025, FP Complete, FP Block, Bybit, FarmX)

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Op-Ed: Blockchain’s Expanding Horizons

Blockchain technology continues to disrupt traditional systems, fostering innovation across diverse industries. From advancing digital infrastructure to enhancing transparency and security, its transformative potential is undeniable. Today’s briefing delves into groundbreaking developments that underline blockchain’s growing influence globally.


BubbleMaps Enhances Transparency in Solana Ecosystem

BubbleMaps, a blockchain investigation platform, has extended its capabilities to include Solana tokens. This platform empowers users to visualize token distributions, enhancing transparency and accountability within decentralized ecosystems. By highlighting token relationships, BubbleMaps aids in identifying potential risks, such as centralized holdings or suspicious activity.

This expansion underscores the increasing demand for tools that ensure trust and integrity in blockchain networks, a critical factor in driving mass adoption.

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Source: Decrypt


Pantera Capital Highlights Blockchain’s Role in USD Dominance

Pantera Capital has published insights emphasizing blockchain’s crucial role in fortifying the U.S. dollar’s global supremacy. By creating robust digital infrastructures, blockchain technologies enable seamless cross-border transactions, enhance financial transparency, and reduce reliance on intermediaries.

The report advocates for strategic adoption of blockchain solutions to maintain the dollar’s position in an increasingly digital financial landscape. This perspective aligns with broader trends favoring blockchain’s integration into national economic strategies.

Source: Daily Hodl


German Blockchain Week 2025: Bridging Europe and Asia

The recently concluded German Blockchain Week 2025 showcased innovative projects and fostered collaboration between European and Asian markets. Key discussions revolved around regulatory harmonization, decentralized finance (DeFi) opportunities, and cross-border partnerships.

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This event highlights the importance of international cooperation in addressing challenges and unlocking the full potential of blockchain technology on a global scale.

Source: AccessWire


FP Complete Evolves into FP Block, Emphasizing Blockchain Engineering

FP Complete has announced its strategic transformation into FP Block, marking a significant shift toward blockchain engineering. This rebranding reflects the company’s commitment to delivering cutting-edge blockchain solutions, including smart contract development, decentralized application (dApp) frameworks, and tokenomics design.

The move positions FP Block as a key player in the blockchain innovation space, catering to the growing demand for specialized engineering expertise in decentralized technologies.

Source: Business Wire

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Bybit Web3 Launches FarmX on Telegram

Bybit Web3 has unveiled FarmX, a decentralized farming game integrated into Telegram’s Web3 ecosystem. FarmX combines gaming with blockchain-based rewards, enabling players to earn digital assets through in-game activities.

This innovative approach to gaming exemplifies the potential of blockchain to redefine user engagement, blending entertainment with financial incentives in decentralized environments.

Source: PR Newswire


Analysis and Takeaways

  1. Enhanced Transparency: BubbleMaps’ integration of Solana tokens demonstrates the importance of tools that promote transparency in blockchain networks.
  2. Strategic Infrastructure: Pantera Capital’s insights reinforce the critical role of blockchain in maintaining economic dominance in the digital age.
  3. Global Collaboration: Events like German Blockchain Week 2025 emphasize the need for international partnerships to address regulatory and operational challenges.
  4. Specialized Engineering: FP Block’s focus on blockchain engineering highlights the growing demand for expertise in building decentralized systems.
  5. Blockchain Gaming: Bybit Web3’s FarmX showcases the fusion of gaming and blockchain, paving the way for innovative user experiences and financial inclusivity.

 

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