Label-free Array Systems Market Trends

Report ID: GMI9649
   |
Published Date: May 2024
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Report Format: PDF

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Label-free Array Systems Market Trends

The rising cases of chronic and infectious diseases is a significant driver for market. With increasing incidences of chronic and infectious diseases, there is a heightened demand for advanced diagnostic tools that can provide rapid, accurate, and real-time detection of biomarkers associated with these diseases.
 

  • According to the World Health Organization (WHO), in 2024, over 35 million new cancer cases are predicted in 2050, a 77% increase from the 20 million cases in 2022.
     
  • Similarly, as per the same report, about 422 million people worldwide have diabetes, the majority living in low-and middle-income countries, and 1.5 million deaths are directly attributed to diabetes each year. Both the number of cases and the prevalence of diabetes have been steadily increasing over the past few decades.
     
  • The surge in chronic and infectious diseases necessitates the development of new therapeutics. Label-free array systems are essential in the drug discovery process, as they enable detailed analysis of biomolecular interactions, helping researchers identify and develop effective drugs more efficiently.
     
  • Chronic diseases such as cancer, diabetes, and cardiovascular diseases, often require personalized treatment approaches. Label-free array systems facilitate the study of individual patient samples to identify specific biomarkers and tailor treatments, thereby increasing the growth of the market.
Authors: Mariam Faizullabhoy, Gauri Wani
Frequently Asked Question(FAQ) :
Why is the demand for drug discovery label-free array systems rising?
The drug discovery segment of the label-free array systems market accounted for USD 483.6 million in 2023 due to screening large libraries of compounds to identify potential drug candidates and the ability to conduct real-time analysis.
Who are the major label-free array systems industry players?
How big is the label-free array systems market?
Why is the use SRP label-free array systems rising?
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    Base Year: 2023

    Companies covered: 15

    Tables & Figures: 237

    Countries covered: 23

    Pages: 150

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