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Pulished Date April, 2021
ID: 4687
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Latin America Surface Plasmon Resonance Market Research Report – Segmented By Product, Application and Country (Brazil, Argentina, Chile, Mexico and Rest of Latin America) – Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 4687
Pages: 145

Latin America Surface Plasmon Resonance Market Size (2021 to 2026)

The size of the Surface Plasmon Resonance Market in Latin America is predicted to be worth USD 114.61 million by 2026 from USD 81.56 million in 2021, registering a CAGR of 7.04% from 2021 to 2026.

The growing prevalence of chronic illnesses and other health problems is fuelling the growth of the surface plasmon resonance market in the Latin American region during the forecast period.  Also, the rise in discoveries and innovations is pushing the market's growth rate. One of the primary technologies utilized for label-free detection is surface plasmon resonance. The launch of technologically sophisticated products, a growing number of drug development initiatives through academic-industrial alliances, and the high sensitivity of label-free technologies are critical drivers of the label-free detection industry.

These technologies and approaches are making their way into significant industries, including pharmaceuticals, biotechnology, and the food industry; this strategy uses both demand and the availability of flexible products. Increased government and non-government funding in research institutes have also contributed to the growth. Moreover, pharmaceutical and biopharmaceutical firms and university research institutes have expanded their label-free technologies for biomolecular analysis during drug development due to these technical developments, which are likely to fuel market expansion.

Furthermore, the increase in competition between the market players like Bio- Rad Laboratories Inc., Bio-Sensing Instruments Inc., General Electric Co, and others are propelling the surface plasmon resonance market growth in the awareness of this market.

The protocol is detailed, and a qualified expert must carry it out to get the desired outcomes with minimal manual error. The chemicals that support these systems are likewise costly, which raises the overall cost per contact as the plasmon resonance equipment is very costly. In addition, setting up the equipment and maintaining them is very costly. For example, a surface plasmon resonance unit costs over US$ 200,000 - 300,000 in Brazil. Therefore, lesser players enter the market. Also, the lack of skilled laborers is a primary concern in developing and underdeveloped regions.

There are alternative techniques such as localized surface plasmon resonance that are cheaper and more efficient. However, this also restricts the demand. In addition, the raw material prices are constantly fluctuating, limiting the scope of the market and thus slowing its growth.

This research report on the Latin American surface plasmon resonance market has been segmented and sub-segmented into the following categories.

By Product:

  • Imaging System    
  • Sensor System      
  • Reagent   

By Application:

  • Drug Discovery     
  • Material Science  
  • Biosensor

By Country:

  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America

Latin America has seen massive growth in recent years. As a result, the market is anticipated to record a prominent share in the global market during the forecast period. At the same time, the growing prevalence of chronic diseases and the increasing geriatric population are the main drivers for market growth.

Currently, Brazil is leading the Surface Plasmon Resonance Market in Latin America, and it is expected to continue its growth throughout the forecast period. However, the high cost of therapy and other low-cost and efficient alternatives are the main challenges in the sector.

On the other hand, Chile and Argentina are projected to showcase a moderate share of the Surface Plasmon Resonance Market in the coming years and expand the Latin American regional market growth.


Companies leading the Latin America surface plasmon resonance market analyzed in this report are Bio-Rad Laboratories Inc., AMETEK Inc., Bio sensing Instrument Inc., General Electric Co, and Horiba Ltd.


                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Product                        

                                5.1.1 Introduction           

                                5.1.2 Imaging System    

                                5.1.3 Sensor System      

                                5.1.4 Reagent   

                                5.1.5  Y-o-Y Growth Analysis, By Product              

                                5.1.6  Market Attractiveness Analysis, By Product            

                                5.1.7  Market Share Analysis, By Product              

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Drug Discovery      

                                5.2.3 Material Science   

                                5.2.4 Biosensor

                                5.2.5 Y-o-Y Growth Analysis, By Application         

                                5.2.6  Market Attractiveness Analysis, By Application      

                                5.2.7  Market Share Analysis, By Application       

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                       By Geographical Area

                                       By Product

                                       By Application

                                6.1.4  Market Attractiveness Analysis     

                                       By Geographical Area

                                       By Product

                                       By Application

                                6.1.5  Market Share Analysis      

                                       By Geographical Area

                                       By Product

                                       By Application

                6.2 Brazil                             

                6.3 Mexico                         

                6.4 Rest of Latin America                             

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8.Market Leaders' Analysis                                         

                8.1 Bio-Rad Laboratories Inc                       

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 AMETEK Inc                

                8.3 Biosensing Instrument Inc                   

                8.4 General Electric Co                  

                8.5 Horiba Ltd                   

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10.Market Outlook and Investment Opportunities                                          


                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms by Product type, and by Application along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the regional market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Latin America Surface Plasmon Resonance (SPR) Market, By Product, From 2021 to 2026 (USD Million)
  2. Latin America Imaging System Market, By Region, From 2021 to 2026 (USD Million)
  3. Latin America Sensor System  Market, By Region, From 2021 to 2026 (USD Million)
  4. Latin America Reagent Market, By Region, From 2021 to 2026 (USD Million)
  5. Latin America Surface Plasmon Resonance (SPR) Market, By Application, From 2021 to 2026 (USD Million)
  6. Latin America Drug Discovery Market, By Region, From 2021 to 2026 (USD Million)
  7. Latin America Material Sciences  Market, By Region, From 2021 to 2026 (USD Million)
  8. Latin America Biosensor Market, By Region, From 2021 to 2026 (USD Million)
  9. Brazil Surface Plasmon Resonance (SPR) Market, By Product, From 2021 to 2026 (USD Million)
  10. Brazil Surface Plasmon Resonance (SPR) Market, By Application, From 2021 to 2026 (USD Million)
  11. Argentina Surface Plasmon Resonance (SPR) Market, By Product, From 2021 to 2026 (USD Million)
  12. Argentina Surface Plasmon Resonance (SPR) Market, By Application, From 2021 to 2026 (USD Million)
  13. Mexico Surface Plasmon Resonance (SPR) Market, By Product, From 2021 to 2026 (USD Million)
  14. Mexico Surface Plasmon Resonance (SPR) Market, By Application, From 2021 to 2026 (USD Million)
  15. Rest of Latin America Surface Plasmon Resonance (SPR) Market, By Product, From 2021 to 2026 (USD Million)
  16. Rest of Latin America Surface Plasmon Resonance (SPR) Market, By Application, From 2021 to 2026 (USD Million)

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