Market Overview:
The global surface plasmon resonance (SPR) market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for SPR technology in drug discovery, material science, and biosensors applications. Additionally, the growing demand for miniaturized SPR systems is also contributing to the growth of this market. However, factors such as high cost of SPR systems and limited availability of skilled professionals are restraining the growth of this market. On the basis of type, the global surface plasmon resonance (SPR) market can be segmented into sensor system, imaging system, and others. The sensor system segment is expected to account for a major share of this market during the forecast period owing to its widespread use in drug discovery and biosensors applications.
Product Definition:
Surface plasmon resonance (SPR) is a technique used to measure the interaction between molecules immobilized on a surface and the surrounding medium. The technique takes advantage of the fact that when light shines on a metal film, some of the light is reflected off the surface and some is transmitted through it. If there is a molecule attached to the metal film, its absorption or emission will change in response to changes in pH, ion concentration, or other environmental factors. These changes can be detected by measuring how much light is reflected or transmitted at different wavelengths.
Sensor System:
The sensor system is used in surface plasmon resonance (SPR) market for various applications such as biosensors, chemical sensors, optical biosensors and electrochemical sensors. The growth factor of the sensor system in the market is due to its advantages over other systems such as high sensitivity and selectivity. Moreover, it provides a wide dynamic range which can be easily adjusted by changing the filter settings.
Imaging System:
Imaging system is a tool that can capture and store images of different objects. It uses electromagnetic radiation in the form of light or sound waves to create images. The modern imaging systems are digitalized which have made their usage easier and more flexible. Imaging systems are widely used in research, development, production as well as marketing processes for various applications such as quality control, inspection, medical diagnosis etc.
Application Insights:
Drug discovery was the largest application segment in 2016 and is expected to witness significant growth over the forecast period. The use of surface plasmon resonance for drug screening has proven to be a reliable and sensitive method that allows researchers to identify the interaction between target molecules and various drugs on a molecular level. This technology provides detailed information about the binding characteristics, which will help determine suitable candidates for developing drugs with improved therapeutic efficacy.
The material science segment is anticipated to register considerable growth over the forecast period owing to extensive research activities being carried out in this field. Surface plasmon resonance offers an alternative solution when compared with traditional spectroscopic techniques used for analyzing physical properties of materials such as magnetic, optical, electrical properties etc., at nanoscale levels. It can also provide crucial information regarding specific interactions between nanoparticles or metals present in samples and DNA/RNA bases or proteins present within bio-samples under study (biosensors).
Regional Analysis:
North America dominated the global surface plasmon resonance market in terms of revenue with a share of over 38.0% in 2017. This is attributed to the increasing adoption of SPR technology for various applications across different fields, such as material science, drug discovery, and others. The region is expected to maintain its dominance throughout the forecast period owing to continuous research activities undertaken by prominent universities/academia and research institutes for developing innovative sensors based on Surface Plasmon Resonance Technology (SPR).
Asia Pacific surface plasmon resonance market is anticipated to witness significant growth during the forecast period due to rising government funding for biosensing & biotechnology projects along with an increase in healthcare expenditure in emerging economies such as China & India. Furthermore, an increase in R&D investment by private companies coupled will supporting government initiatives will boost this regional market growth over the next eight years (till 2030).
Growth Factors:
- Increasing demand for miniaturization in diagnostics and drug discovery
- Rising prevalence of chronic diseases that require point-of-care testing
- Proliferation of nanotechnology and biosensors
- Growing popularity of personalized medicine 5. Advances in optical technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Surface Plasmon Resonance (SPR) Market Research Report
By Type
Sensor System, Imaging System, Others
By Application
Drug Discovery, Material Science, Biosensors
By Companies
GE Healthcare, Bio-Rad Laboratories, Biosensing Instruments, Horiba, Reichert Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Surface Plasmon Resonance (SPR) Market Report Segments:
The global Surface Plasmon Resonance (SPR) market is segmented on the basis of:
Types
Sensor System, Imaging System, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Drug Discovery, Material Science, Biosensors
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE Healthcare
- Bio-Rad Laboratories
- Biosensing Instruments
- Horiba
- Reichert Technologies
Highlights of The Surface Plasmon Resonance (SPR) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sensor System
- Imaging System
- Others
- By Application:
- Drug Discovery
- Material Science
- Biosensors
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Surface Plasmon Resonance (SPR) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Surface plasmon resonance (SPR) is a physical phenomenon that occurs when light waves interact with an interface between two media, such as a metal surface and air. The interaction creates oscillations in the wave energy at the interface, which can be detected by spectroscopy. SPR can be used to study complex interactions between light and matter, including chemical reactions and biological processes.
Some of the key players operating in the surface plasmon resonance (spr) market are GE Healthcare, Bio-Rad Laboratories, Biosensing Instruments, Horiba, Reichert Technologies.
The surface plasmon resonance (spr) market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Surface Plasmon Resonance (SPR) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Surface Plasmon Resonance (SPR) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Surface Plasmon Resonance (SPR) Market - Supply Chain
4.5. Global Surface Plasmon Resonance (SPR) Market Forecast
4.5.1. Surface Plasmon Resonance (SPR) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Surface Plasmon Resonance (SPR) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Surface Plasmon Resonance (SPR) Market Absolute $ Opportunity
5. Global Surface Plasmon Resonance (SPR) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Surface Plasmon Resonance (SPR) Market Size and Volume Forecast by Type
5.3.1. Sensor System
5.3.2. Imaging System
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Surface Plasmon Resonance (SPR) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Surface Plasmon Resonance (SPR) Market Size and Volume Forecast by Application
6.3.1. Drug Discovery
6.3.2. Material Science
6.3.3. Biosensors
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Surface Plasmon Resonance (SPR) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Surface Plasmon Resonance (SPR) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Surface Plasmon Resonance (SPR) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Surface Plasmon Resonance (SPR) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Surface Plasmon Resonance (SPR) Demand Share Forecast, 2019-2026
9. North America Surface Plasmon Resonance (SPR) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Surface Plasmon Resonance (SPR) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Surface Plasmon Resonance (SPR) Market Size and Volume Forecast by Application
9.4.1. Drug Discovery
9.4.2. Material Science
9.4.3. Biosensors
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Surface Plasmon Resonance (SPR) Market Size and Volume Forecast by Type
9.7.1. Sensor System
9.7.2. Imaging System
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Surface Plasmon Resonance (SPR) Demand Share Forecast, 2019-2026
10. Latin America Surface Plasmon Resonance (SPR) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Surface Plasmon Resonance (SPR) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Surface Plasmon Resonance (SPR) Market Size and Volume Forecast by Application
10.4.1. Drug Discovery
10.4.2. Material Science
10.4.3. Biosensors
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Surface Plasmon Resonance (SPR) Market Size and Volume Forecast by Type
10.7.1. Sensor System
10.7.2. Imaging System
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Surface Plasmon Resonance (SPR) Demand Share Forecast, 2019-2026
11. Europe Surface Plasmon Resonance (SPR) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Surface Plasmon Resonance (SPR) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Surface Plasmon Resonance (SPR) Market Size and Volume Forecast by Application
11.4.1. Drug Discovery
11.4.2. Material Science
11.4.3. Biosensors
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Surface Plasmon Resonance (SPR) Market Size and Volume Forecast by Type
11.7.1. Sensor System
11.7.2. Imaging System
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Surface Plasmon Resonance (SPR) Demand Share, 2019-2026
12. Asia Pacific Surface Plasmon Resonance (SPR) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Surface Plasmon Resonance (SPR) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Surface Plasmon Resonance (SPR) Market Size and Volume Forecast by Application
12.4.1. Drug Discovery
12.4.2. Material Science
12.4.3. Biosensors
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Surface Plasmon Resonance (SPR) Market Size and Volume Forecast by Type
12.7.1. Sensor System
12.7.2. Imaging System
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Surface Plasmon Resonance (SPR) Demand Share, 2019-2026
13. Middle East & Africa Surface Plasmon Resonance (SPR) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Surface Plasmon Resonance (SPR) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Surface Plasmon Resonance (SPR) Market Size and Volume Forecast by Application
13.4.1. Drug Discovery
13.4.2. Material Science
13.4.3. Biosensors
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Surface Plasmon Resonance (SPR) Market Size and Volume Forecast by Type
13.7.1. Sensor System
13.7.2. Imaging System
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Surface Plasmon Resonance (SPR) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Surface Plasmon Resonance (SPR) Market: Market Share Analysis
14.2. Surface Plasmon Resonance (SPR) Distributors and Customers
14.3. Surface Plasmon Resonance (SPR) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE Healthcare
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bio-Rad Laboratories
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Biosensing Instruments
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Horiba
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Reichert Technologies
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook