Global Stable Isotope Labeled Compound Market estimates the existing state of the market, market size and market share, revenue generated from the product sale, and necessary changes required in the future products. A team of skilled analysts, statisticians, research experts, enthusiastic forecasters, and economists work painstakingly to structure such a great market research report for the businesses seeking a potential growth. This team is focused on understanding client’s businesses and its needs so that the finest market research report is delivered to the client. As market research reports are gaining immense importance in this swiftly transforming market place, Global Stable Isotope Labeled Compound Market report has been created in a way that you anticipate.
Global stable isotope labeled compound market is expected to register a CAGR of 3.1% in the forecast period of 2019 to 2026.
Major Players: Global Stable Isotope Labeled Compound Market
Some of the major players operating in this market IsoSciences, TAIYO NIPPON SANSO CORPORATION, PerkinElmer Inc., Pepscan, Mesbah Energy Co., BOC Sciences, Isoflex, Nordion Inc., JSC Isotope, Merck KGaA, URENCO, 3M, Cambridge Isotope Laboratories, Inc. Alsachim, Medical Isotopes, Inc., AMERICAN RADIOLABELED CHEMICALS, INC, Beta Analytics, The State Atomic Energy Corporation ROSATOM, Trace Sciences International, Huayi Isotopes Co., Chemtos and others.
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- On the basis of type, the market is segmented into deuterium, carbon-12 & 13, lithium- 6&7, oxygen- 16&18, chlorine- 35 & 37, nitrogen-15, sulphur 34 and others.
- On the basis of application, the market is segmented into application the market is segmented into research, clinical diagnostics, industrial and others. The research is sub-segmented into biomedical research, pharmaceutical research, environmental and ecological research, agricultural research.
- On the basis of end-user, the market is segmented into pharmaceutical and biopharmaceutical companies, academic and research institutions, hospital and diagnostic centers and others.
Drivers: Global Stable Isotope Labeled Compound Market
RAPIDLY INCREASING DEMAND FOR DIAGNOSIS AND CLINICAL RESEARCH:
The stable isotopes played a crucial role in diagnosis of several diseases such as digestive & blood disorders, muscle & bone loss and osteoporosis through radiation chemography and clinical research that increased the awareness among the patient safety and applicability of clinical problems.
The 13C is applicable for clinical applications for diagnostic of certain gastrointestinal malfunction and also used for direct analysis of deuterium that includes freezing-point elevation, infrared spectroscopy and others.
INCREASING AWARENESS REGARDING CANCER DISEASES:
The most crucial part of a stable isotope is to build an effective research platform for monitoring and tracking cancer diseases through 13C and 15N isotope compound through latest technology equipment’s such as isotope ratio mass spectrometer and Thermo DeltaV analyzer.
It has been observed that in Europe 3.5 million new cancer patients and 1.8 million cancer deaths are recorded in 2012. In the U.S., every year 1, 70,000 deaths are occurred due to lung cancers which will become a healthy and economic burden for the country.
In the early stage the disease is largely asymptomatic, for such condition improved diagnostic tools like isotopic tracer are required to detect the disease. Most of the biochemist used stable isotopes tracer that is used to discover the lung cancer at different level and also tracking of normal lungs tissue. The Iron isotopes are used to inform about the iron metabolism in the body, liver diseases and anaemia.
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EXPENSIVE STABLE ISOTOPE MEASUREMENT EQUIPMENT:
Though stable isotope compound such as 13C and 15N have many advantages but the cost of the equipment is so high that it is restraining the market growth. Stable isotopes equipment such as isotope ratio mass spectrometer and Thermo DeltaV analyzer requires more technique, smart solution backup it also needs qualified engineers and people for the installation.
The stable isotope radiation therapy equipment consists of high waves that destroy and damage the cancer cells but the cost of installation is high as compared to manual set up of chemotherapy. Adding to it, the stable isotope equipment is consisting of 5 mass spectrometers, 2 lasers and most organic and inorganic materials that pricing is high due to commercial isotope analysis.
For instance, BRIT (BOARD OF RADIATION & ISOTOPE TECHNOLOGY) is used to supply radiography sources for a domestic industry whose cost of Cobalt-60 radiography equipment varies from USD 213.30 million to USD 528.65 million.
GROWING DEMAND FOR RESEARCH IN BIOLOGY, MEDICINE AND PHARMACEUTICALS:
Although the cost of innovation is high, but most of the pharmaceutical industries and companies put emphasis on research and development to innovate the products in the field of medicine, pharmaceuticals and biology with the help of stable isotopes compound. In the U.S., the estimated value of stable isotope shipment is approximately USD 3 billion which is utilized in different industrial and medical applications that is used to detect the drugs and explosives in therapeutic and diagnostic products.
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SCARCITY OF SKILLED PROFESSIONAL:
The installation and designing of the stable isotope is a complex process and needs a certified instructor or engineer for the complete installation of the stable isotope tracer in bio-medical and pharmaceutical research purposes.
The main task is to ensure that stable operation of stable isotopes during faults and network conflicts. The increase in penetration of distributed generation in stable isotope may provide several technical problems while operating. Some protection techniques and mechanisms have to be proposed to ensure a stable operation.
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