PUNE, India, July 26, 2017 /PRNewswire/ --
According to a new market research report "Stable Isotope Labelled Compounds Market by Type (C13, D, 018, N15 label), Application (Research, Clinical Diagnostics, Industrial), End User (Pharmaceutical and Biotechnology Companies, Academic and Research Institutes, Hospital) - Global Forecast to 2022" published by MarketsandMarkets™, the market is expected to reach USD 294.2 Million by 2022 from an estimated USD 254.6 Million in 2017, at a CAGR of 2.94%.
Browse 66 Market Data Tables and 29 Figures spread through 133 Pages and in-depth TOC on "Stable Isotope Labelled Compounds Market"
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The key factors driving the growth of this market include rising proteomics research, increasing research activities in the pharmaceutical and biotechnology sector, and rising prevalence of cancer. However, the high cost of stable isotope-labeled compounds may hinder the growth of this market to a certain extent.
By type, the Deuterium (H-2) segment to account for the largest share of the market in 2017
On the basis of type, the stable-isotope-labelling market is broadly segmented into Carbon-13, Deuterium (H-2), Oxygen-18, Nitrogen-15, and others (noble gases and metals). In 2017, Deuterium (H-2) is expected to account for the largest share of this market and projected to grow at the highest CAGR during the forecast period. This is primarily attributed to increasing use of H-2 in several research and industrial applications.
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By application, the research segment to hold the largest market share in 2017
Based on the application of stable isotope-labeled compounds, the market is further classified into research, clinical diagnostics, industrial, and other applications. In 2017, the research segment is expected to account for the largest share of the Stable Isotope-Labeled Compounds Market and is expected to grow at the highest CAGR during the forecast period. The highest growth of this segment is mainly attributed to increasing research activities and funding in areas of biomedical, pharmaceutical, environmental & ecological, and agricultural research.
By end user, the pharmaceutical & biotechnology companies segment to account for the largest market share in 2017
Based on end user, the stable-isotope-labelling market is segmented into pharmaceutical and biotechnology companies, hospitals and diagnostic centers, academic & research institutes, and other end users (contract research organizations, food & beverage companies, and forensic laboratories). In 2017, the pharmaceutical and biotechnology companies segment is expected to account for the largest share of the market. Increased use of stable isotope-labeled compounds in R&D in the pharmaceutical and biotechnology sector is one of the major factors driving the growth of this segment.
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North America to dominate the market in 2017
In 2017, North America is expected to account for the largest share of the Stable Isotope-Labeled Compounds Market, followed by Europe. Factors such as growth of the pharmaceutical and biopharmaceutical industry, support for this sector from the Isotope Production and Distribution Program Fund, the presence of a large nuclear industry in the U.S., growth of the Canadian pharmaceutical industry, and the rising adoption of PET imaging in Canada are contributing to the large share of the North American region. Increasing pharmaceutical R&D and the presence of a large number of research institutes & CROs in Germany, increasing number of PET-CT procedures and favourable scenario for environmental research in the U.K., rising metabolomics research in France, and the increase in R&D expenditure in the pharmaceutical industry in the RoE are majorly contributing to the growth of the European Stable Isotope-Labeled Compounds Market, which holds the second-largest market share.
The key players in the global Stable Isotope-Labeled Compounds Market include Cambridge Isotopes Laboratories, Inc. (U.S.), Merck KGaA (Germany), URENCO (U.K.), IsoSciences, LLC (U.S.), Medical Isotopes, Inc. (U.S.), Omicron Biochemicals, Inc. (U.S.), Nordion (Canada) Inc., Trace Sciences International (U.S.), Alsachim (France), Taiyo Nippon Sanso Corporation (Japan), PerkinElmer Inc. (U.S.), and Rotem Industries Israel, Ltd. (Israel).
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