Navigation Links
Frost & Sullivan: Label-Free Technology is a High Potential Market with Myriad Unexplored Applications
Date:7/3/2012

LONDON, July 3, 2012 /PRNewswire/ -- The inherent advantages of label-free technology is a significant factor in driving its adoption.  The promise of reducing drug failure caused by toxicity is another key factor likely to boost the uptake of label-free technology.

New analysis from Frost & Sullivan (http://www.drugdiscovery.frost.com), Western European Market for Label Free Detection (LFD) Systems, finds that the market earned revenues of $60.9 million in 2010 and estimates this to reach $160.9 million in 2017 at a compound annual growth rate (CAGR) of 14.9 per cent from 2010-2017. The research covers key segments including biochemical assays and cell-based assays.

"The key advantage of label-free technologies is that it is true to its word: it is "label-free" as it requires no labelling or reporter molecules," notes Frost & Sullivan Programme Manager Ranjith Gopinathan. "Labels are known for their altering effect on molecules under study which, in turn, alters its binding or physicochemical properties."

The absence of labels also means lesser interference from compound autofluorescence and colour quenching, therefore leading to fewer false positives and negatives. It is also devoid of problems arising from secondary detection of auxiliary reagents.

"By virtue of its direct detection capabilities, label-free technologies could enable the use of natural ligands and substrates that is currently not possible with label-based detection assays," adds Gopinathan. "Avoidance of radioactive labels is an attractive factor for label-free technologies as this means better lab safety and cost savings from evasion of radioactive waste disposable procedures."

Of the many reasons for escalating clinical development costs, drug failure caused by toxicity is a chronic and growing problem in drug development. The problem of toxicity holds the promise of being successfully addressed with new, discovery-stage tools of which label-free technology is a key part.

While these are promising trends, consolidations in the pharmaceutical industry will negatively impact the growth of the life science research market and, by extension, of label-free detection systems.

"The large number of consolidations in the pharmaceutical industry is a harsh reality for all life science research tools providers," explains Gopinathan. "Consolidation significantly shrinks the addressable end-user pool as research facilities start to share instrumentation and resources. Sometimes after a merger or acquisition, companies segregate certain specialised kinds of work to certain research facilities, and so only those facilities will be equipped with the required equipment."

A diversification into service offerings will be key to sustaining market expansion. Being still a black box technology, companies need to offer custom assay development services that will help in the adoption of their technology.

"This, in the long-term, can lead to the upsell of a service customer into a product customer," concludes Gopinathan. "Also having more than one avenue of revenue will ensure more constant revenue generation."

If you are interested in more information on this study, please send an e-mail with your contact details to Janique Morvan, Corporate Communications, at janique.morvan@frost.com.

Western European Market for Label Free Detection (LFD) Systems is part of the Drug Discovery Technologies Growth Partnership Services programme, which also includes research in the following markets:  European Molecular Diagnostics Market, Strategic Analysis of the European Stem Cell Research Tools Market and The Emerging European Molecular POC Testing Markets. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:   Start the discussion
Join Us:         Join our community
Subscribe:     Newsletter on "the next big thing"
Register:        Gain access to visionary innovation

Western European Market for Label Free Detection (LFD) Systems
M419-55

Contact:
Janique Morvan
Corporate Communications – Europe
P: +33 (0)1 42 81 20 37
M: +33 (0)6 79 22 41 42
E: janique.morvan@frost.com

http://www.frost.com

 


'/>"/>
SOURCE Frost & Sullivan
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Frost & Sullivan: Next-Generation Sequencing Services is one of the Fastest Growing Markets in the Life Sciences Industry
2. Need for Reduced Healthcare Outlays Creates Strong Growth Potential for Medical Imaging Services, Says Frost & Sullivan
3. Frost & Sullivan: Launch of New Classes of Oral Antidiabetic Drugs by 2014 will Uplift Prospects for the European Diabetes Therapeutics Market
4. Frost & Sullivan to Host Complimentary Web Conference: Concerns and Solutions for the Anaesthesia Equipment and Associated Peripherals Market
5. Electronic Medical Records Progress from an Enterprise-Centric Solution to a Customer-Specific Application, Finds Frost & Sullivan
6. Frost & Sullivan: Expanding Sample Prep Market Supports Growth Trends in Molecular Diagnostics Markets
7. Frost & Sullivan: Developing Integration Capabilities Presents a Real Opportunity for Vendors in the European CIS Market
8. MicroRNA Research to Trigger Tremendous Growth in Related Tools Market, Says Frost & Sullivan
9. Frost & Sullivan Recognizes Labcyte for its Commitment to Innovation and Addressing Unmet Needs in the Liquid Handling Market
10. Heightened Awareness, Coupled with Expanding Patient Pool, Stimulates Sleep Apnea Diagnostics and Sleep Services Market, Says Frost & Sullivan
11. Frost & Sullivan Research Preview: Top 20 Telehealth Markets
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/8/2016)... Feb. 8, 2016  Unilife Corporation ("Unilife" or "Company") (NASDAQ: ... injectable drug delivery systems, today announced that it will release ... December 31, 2015 after market close on February 9, 2016. ... call to discuss these financial results.    About ... --> About Unilife Corporation ...
(Date:2/8/2016)... NORTHBROOK, Ill. , Feb. 8, 2016  Astellas Pharma ... today announced the promotion of James Robinson as ... the company,s operations in North and South America ... president, Astellas Pharma US, representing the commercial organization in ... assumed in 2013. Masao Yoshida , who ...
(Date:2/8/2016)... Palatin Technologies, Inc. (NYSE MKT: PTN), ... for the treatment of diseases with significant unmet ... the United States Patent and Trademark Office (USPTO) ... Patent Application Serial Number 14/313,258 (the ,258 application).  ... female sexual dysfunction using the formulation and dose ...
Breaking Medicine Technology:
(Date:2/8/2016)... ... ... Remember the old saying “rub some dirt on it”? Perhaps you should try ... Clay” the health benefits of integrating clay into a daily diet are numerous, as ... motivational speaker, Perry A~ has since dedicated her life to learning about the benefits ...
(Date:2/8/2016)... , ... February 08, 2016 , ... ... wide variety of organizations. DocuSyst provides a cloud hosted environment for FileHold ... installations include integration with various 3rd party applications using the FileHold web services ...
(Date:2/8/2016)... ... 2016 , ... GrassrootsHealth published data from its D*action public ... in the GrassrootsHealth cohort with substantially higher vitamin D levels than a cohort ... states Carole Baggerly, Director of GrassrootsHealth, “the safety and benefits of vitamin ...
(Date:2/8/2016)... (PRWEB) , ... February 08, 2016 , ... TopConsumerReviews.com recently ... in Mole removal products. , Moles are derived from a cluster of melanin when ... all the wrong places and create a lifetime of embarrassment. Historically, mole removal ...
(Date:2/8/2016)... ... , ... Guruji Mahendra Kumar Trivedi is offering 3 days of accelerated personal ... birthday on February 10th. During this time, people can achieve better health, greater ... people from over 40 different countries as an “ordinary man with an extraordinary gift.” ...
Breaking Medicine News(10 mins):