PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1068143
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1068143
According to SPER Market Research, the oxidative stress assays market is estimated to reach USD 1898 million by 2030 with a CAGR of 8.6%. Rising prevalence of chronic and lifestyle disorders has led to the growth of biopharmaceutical and biotechnology companies which is further driving the growth of oxidative stress assays market.
COVID-19 has a slightly negative impact on oxidative stress assays market due to economic impact on companies, stringent regulatory process, disruptions in supply chain impacting the research activities. In upcoming years, academic research activities will rise leading to growth of oxidative stress assays market.
The biopharmaceutical and biotechnological industries are growing with technological advancements and rising demand. Oxidative stress assays are applied in both biopharmaceutical and biotechnological companies in cell cultures. Growth of these industries can drive the growth of oxidative stress assays market in the forecast period.
Advanced technologies for oxidative stress assays such as label-free detection and high-content screening are advantageous with advanced features and functions as compared to conventional technologies. Therefore, such instruments are priced at a premium cost. Companies with limited R&D budgets can not afford these instruments. The pharmaceutical companies require large number of such systems, thus overall cost of ownership combined with maintenance and indirect costs becomes very high. Thus, the cost of these instruments can restrain the growth of this market.
Emerging economies such as Russia, China, Brazil, India are offering growth opportunities to oxidative stress assays market. Factor attributing these opportunities is increasing R&D funding and investments for research organizations. Asian countries such as India and China have CROs that provide drug discovery services to pharmaceutical industries. The outsourcing of research work helps in increasing the efficiency in limited time.
Based on product, market has been segmented into Consumables, Kits, Reagents, Instruments, Services
Based on test type, the market is segmented into Antioxidant Capacity Assays, Ascorbic Acid Assays, Glutathione Assays, Cell-based Exogenous Antioxidant Assays, Indirect Assays, Lipid-based Assays, Nucleic Acid-based Assays, Protein-based Assays, Enzyme-based Assays, Reactive Oxygen Species-based Assays
Based on technology, market has been segmented into Enzyme-linked Immunosorbent Assay (ELISA), Flow Cytometry, High-content Screening (HCS), Label-free Detection, Microscopy, Chromatography
Based on disease type, market has been segmented into Cardiovascular Disease, Diabetes, Cancer, Respiratory Diseases, Other Diseases
Cardiovascular Disease segment accounted for largest share due to rising prevalence of cardiovascular diseases and unhealthy lifestyle.
Based on end user, the market is segmented into Clinical Laboratories, Contract Research Organizations, Pharmaceutical and Biotechnology Companies, Academic Research Institutes, Cosmetic Companies
North America owns the largest share of this market owing to advanced healthcare infrastructure, rising investments in healthcare, presence of leading players and technological advancement. However, Asia Pacific will grow at the highest CAGR owing to supportive government initiatives, rising awareness, rising investments and rising income.