Oxidative Stress Assay Market by Product (Consumable, Instruments, Kits, Services), Test Type (Indirect, nucleic acid, Glutathione, ROS), Technology (ELISA, Chromatography), Diseases (CVD, Oncology) End Users (Pharma & Biotech) - Global Forecasts to 2025
The oxidative stress assay market is projected to reach USD 1,326 million by 2025 from USD 836 million in 2020, at a CAGR of 9.7%. Growth in the oxidative stress assay market can be attributed to growth in the biopharmaceutical industry and increasing public-sector funding for academic research. Other important factors aiding the growth of this market include technological advancements like HCS for drug discovery, increasing R&D expenditure in biotechnology and pharmaceutical industries, and government support for pharmaceutical and biotechnology industries. On the other hand, the high cost of instruments and shortage of trained and qualified personnel are the major factors restraining the growth of this market.
“The consumables segment accounted for the largest market share in 2020.”
Based on products, the oxidative stress assay market is segmented into consumables, instruments, and software and services. Consumables is the largest and fastest-growing segment in 2020. This large share and high growth can be attributed the recurring requirement of consumables as compared to instruments which is the key factor driving the growth of this segment.
“The cardiovascular diseases segment will continue to dominate the oxidative stress assay market during the forecast period.”
Based on disease type, the oxidative stress assays market is segmented into cardiovascular diseases, diabetes, cancer, respiratory diseases, and other diseases. The cardiovascular diseases segment accounted for the largest share of this market in 2020, primarily due to the high and growing prevalence of cardiovascular diseases across the globe.
“The oxidative stress assay market in the Asia Pacific region is expected to witness the highest growth rate during the forecast period.”
Geographically, the oxidative stress assay market is segmented into North America, Europe, Asia Pacific, and Rest of the World. The Asia Pacific market is expected to grow at the highest CAGR during the forecast period, primarily due to the reason that the Asia Pacific oxidative stress assays market offers significant growth opportunities for market players to expand their presence in this region. Emerging markets such as China and India are witnessing growth due to the large patient population and increasing healthcare expenditure. This has resulted in the increasing acceptance of advanced technologies, such as oxidative stress assays, in the Asia Pacific region.
Breakdown of supply-side primary interviews:
• By Company Type: Tier 1: 55%, Tier 2: 20%, and Tier 3: 25%
• By Designation: C-level: 35%, Director-level: 25%, and Others: 40%
• By Region: North America - 20%, Europe – 25%, APAC – 40%, Rest of the World– 15%
The prominent players in this market are Abcam, plc (UK), Enzo Biochem, Inc. (US), Merck KGaA (Germany), QIAGEN N.V. (Netherlands), Thermo Fisher Scientific, Inc. (US), AMS Biotechnology (Europe), Ltd. (UK), BioVision, Inc. (US), Cell Biolabs, Inc. (US), Oxford Biomedical Research (US), Promega Corporation (US), Cayman Chemical (US), Eagle Biosciences, Inc. (US), Arbor Assays (US), Hycult Biotech (Netherlands), Callegari SRL (Italy), Kamiya Biomedical Company (US), MEGA TIP San.Tic.Ltd.Sti. (Turkey), ImmunoChemistry Technologies, LLC (US), Genox Corporation (US), and Toxys B.V. (Netherlands).
The report studies the oxidative stress assay market based on test type, technology, disease type, product, end user and region
The report analyzes factors (such as drivers, restraints, and opportunities) affecting the market growth
The report evaluates the opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders
The report studies micro-markets with respect to their growth trends, prospects, and contributions to the total oxidative stress assay market
The report forecasts the revenue of market segments with respect to four major regions
Reasons to Buy the Report:
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the oxidative stress assay offered by the key 20 players in the oxidative stress assay market. The report analyzes the oxidative stress assay market by test type, technology, disease type, product, end user and region.
Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various oxidative stress assay, their adoption, and usage across key geographic regions.
Market Diversification: Exhaustive information about new product launches & approvals, untapped geographies, recent developments, and investments in the oxidative stress assay market
Competitive Assessment: In-depth assessment of market ranking and strategies of the leading players in the oxidative stress assay market.
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