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Surface plasmon resonance market value is projected to reach USD 819.23 million by 2021 examined in new market research report

Surface plasmon resonance market value is projected to reach USD 819.23 million by 2021 examined in new market research report

Surface Plasmon Resonance (SPR) Market by Product (Sensor System and Reagent , Imaging System) by Application (Material Sciences, Drug Discovery, Biosensor), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)

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According to the Global Surface Plasmon Resonance Market Research Report, the market was worth USD 619.45 million in 2016 and estimated to be growing at a CAGR of 5.75 %, to reach USD 819.23 million by 2021.

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The technique Surface Plasmon resonance is used to describe the kinetics of interaction among bio molecules. In real time, it is one of the best emerging techniques for label-free detection for bio molecular interactions.

SPR technique has many benefits like sensitivity and high specificity and it is mostly based upon the principal of total internal reflection and it can also be used in biotechnology and pharmaceutical companies, Organizations like clinical research and industries like food.

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Surface Plasmon resonance technique has many applications in other fields.

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Surface Plasmon Resonance Market Segmentation      

By Product Type

  1. Imaging System    
  2. Sensor System      
  3. Reagent   

By Application                 

  1. Drug Discovery      
  2. Material Science   
  3. Biosensor

Labelled detection techniques are replaced by Label-free detection techniques because of availability of many types of products and cost effectiveness. SPRs major trends includes rise in the adoption of micro fluids techniques to decrease the consumption of reagent, Introducing the advanced imaging software  for the detailed report of SPR and proper investment in R and D by many companies.

By region, Market can be segmented as North America, Asia-Pacific, Latin America, Europe and Middle East and Africa.

Surface Plasmon Resonance Industry Key players are AMETEK Inc, General Electric Co, Bio-Rad Laboratories Inc and Bio sensing Instrument Inc and Horiba Ltd.

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