Understanding Key Drivers and Growth Opportunities in the Surface Plasmon Resonance Market: Trends and Market Size Insights
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Factors Are Propelling the Market Growth of theSurface Plasmon Resonance Market from 2025 to 2034?
The expansion of the surface plasmon resonance market is anticipated to be fueled by the rising adoption of personalized medicine. Personalized medicine, which is healthcare specifically tailored using a person’s genetic, environmental and lifestyle factors, is being adopted more widely due to advancements in genomics, a surge in targeted therapies, and the need for more precise and effective treatments. Surface plasmon resonance plays a significant role in personalized medicine by allowing for the real-time study of biomolecular interactions, the identification of specific biomarkers, and the optimization of drug therapies personalized to the patient. For example, in February 2024, the Personalized Medicine Coalition, an organization based in the US focused on healthcare and hospitals, reported that in 2023, there were 16 new FDA-approved personalized treatments for rare diseases, a significant increase from the six approved in 2022. Additionally, the personalized treatments approved in 2023 incorporated seven cancer drugs and three for other diseases and conditions. As such, the rise in the adoption of personalized medicine is directly contributing to the growth of the surface plasmon resonance market.
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#How Does the ProjectedSurface Plasmon Resonance Market Growth Compare Over the Forecast Period?
The size of the surface plasmon resonance market has experienced fast growth lately. The expected increase will see it rise from $1.19 billion in 2024 to $1.33 billion in 2025, showing a compound annual growth rate (CAGR) of 12.0%. The historic period’s growth is linked to progress in biotechnology, a growing demand for the discovery and development of drugs, an increase in its use in clinical diagnostics, a raised focus on protein interaction studies and an increase in academic research funding.
In the coming years, the surface plasmon resonance market is anticipated to witness accelerated growth. The projection suggests that the market will reach $2.07 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 11.6%. This considerable growth during the forecasted period can be credited to several factors such as a surge in the requirement for personalized medicine, the escalating use in food safety testing, an increased emphasis on biomarker discovery, a broadening application in environmental monitoring, and higher implementation in the agricultural biotechnology field. Key trends during this forecast period encompass the need for label-free detection technologies, the application of personalized medicine, advancements in the field of nanotechnology, the creation of compact and portable SPR systems, and the incorporation of artificial intelligence in data analysis.
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How Are Market Trends and Innovations Revolutionizing theSurface Plasmon Resonance Industry in Recent Times?
Key players in the surface plasmon resonance market are introducing progressive biomolecular analysis techniques, such as injection technology, to phase out the requirement for numerous dilution series. Injection technology enhances biomolecular interaction analysis by integrating sample dilution and injection into a singular action, thereby speeding up data collection in surface plasmon resonance (SPR) through quick, one-time injection kinetics and affinity measurements. For instance, in April 2022, Germany’s pharmaceutical and laboratory equipment enterprise, Sartorius AG, introduced the Octet SF3. This is an evolved surface plasmon resonance device that’s perfect for high-throughput, label-free biomolecular interaction analysis. It’s suited to both regular and infrequent users, given its durable, easy to maintain design. The inventive OneStep and NeXtStep Gradient Injection technologies result in quicker, superior quality kinetics and affinity data gathering, hugely surpassing conventional methods. It was developed in response to the expanding global need for antibody fragment characterization, vaccine research, and biologics discovery.
Which Key Market Players Are Shaping the Future and Growth of theSurface Plasmon Resonance Market?
Major companies operating in the surface plasmon resonance market are GE HealthCare Technologies Inc., Sartorius AG, Cytiva, Bio-Rad Laboratories Inc., Bruker Corporation, HORIBA Ltd., Quanterix Corporation, Jubilant Biosys Limited, Quantum Design Inc., Reichert Inc., NanoSPR Devices, Creative BioMart Inc., Biocompare, Carterra Inc., NICOYA AB, Biosensing Instrument Inc., Plexera LLC, Insplorion AB, BioNavis Ltd., Affinité Instruments, IBIS Technologies B.V., Bioptix Inc
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What Are the Core Segments of the Surface Plasmon Resonance Market, and How Do They Contribute to Growth?
The surface plasmon resonance market covered in this report is segmented –
1) By Product Type: Imaging System, Sensor System, Reagents
2) By Technology: Prism-Based Surface Plasmon Resonance (SPR), Grating-Based Surface Plasmon Resonance (SPR), Other Technologies
3) By Application: Drug Discovery, Drug Formulation, Controlled Drug Release, Drug Cell Interaction, Material Science, Biosensors
4) By End-User: Academic And Research Institutes, Food And Beverage Industry, Biopharmaceutical Companies, Contract Research Organizations (CROs), Other End-Users
Subsegments:
1) By Imaging System: 2D Imaging Systems, 3D Imaging Systems, High-Resolution Imaging Systems
2) By Sensor System: Optical Sensor Systems, Portable Sensor Systems, Multi-channel Sensor Systems
3) By Reagents: Binding Reagents, Sample Preparation Reagents, Stabilizing Reagents
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What Regions Are Dominating the Surface Plasmon Resonance Market Growth?
North America was the largest region in the surface plasmon resonance market in 2024. The regions covered in the surface plasmon resonance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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