Research firm Future Market Insights says the global surface plasmon resonance market is expected to expand at a compound annual growth rate of 6.3 percent during the period 2017-2027 and reach nearly $1.3 billion in revenues in 2027. It cites increasing demand for high end, surface plasmon resonance from end users — such as hospitals, clinics, ambulatory surgical centres, nursing centers and reference laboratories — for better throughput and performance, which will generate opportunities for using the surface plasmon resonance technique over the long run and drive growth.
Imaging systems will be one of the largest market segments it says, especially with increasing adoption of label-free detection techniques over labelled detection techniques. The other segment also anticipated to register significant growth is biosensors.
A recent application highlighted research from Soochow University, China, which uses LSPR technology in smart windows, which can adapt properties in response to environmental conditions, without any manual intervention. It is based on the adaptive behavior of thermochromic materials, which change color in response to changes in temperature. The prototype smart window utilizes LSPR to convert photons from ambient sunlight to localized thermal energy. This triggers the thermochromic window to switch from transparent to opaque, blocking further incoming sunlight.