According to the latest market research study released by Technavio, the global oxidative stress detection market is expected to grow at a CAGR of more than 9% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global oxidative stress detection market based on product type:
Global golf equipment market share by product type 2015
|
Reagents and Consumables |
43.24% |
|
Instruments |
39.01% |
|
Services |
17.75% |
Source: Technavio
Global reagents and consumables market for oxidative stress detection
The global oxidative stress detection market by reagents and consumables segment was valued at around $172 million and is expected to grow at a CAGR of almost 11% by 2020. The rising number in the sales volume and the extremely short replacement or replenishment cycles is the primary driver of this market segment. The detection of oxidative stress in cells using reagents have a life that lasts for one process as it is absorbed into the body. The use of technology or method is irrelevant in these processes as there is a need for new reagents and markers for every oxidative stress detection. APAC and European markets are the key revenue generators for this market segment.
“The vendors in the market are focusing on implementing innovative methods during the determination of scientific composition of reagents and markers. These developments enable the sellers to offer more effective products, with better capability of oxidative stress detection in cells. Companies are introducing new compounds that have superior photostability and greater signal-to-noise ratio to gain a larger share in the market,” says Amber Chourasia, a lead analyst at Technavio for research on lab equipment.
Global instruments market for oxidative stress detection
The global oxidative stress detection market by instruments segment was valued at about $155 million and is expected to grow at a CAGR of more than 7% by 2020. The extensive use of instruments such as flow cytometry, ELISA, and chromatography will attribute to the revenues in this market segment. These instruments have the ability to integrate customized software and use it for sample preparation, sample handling, and imaging. The lifespan of these instruments are determined at around 8 years thereby reducing the timeframe for replacement of these devices. The rising requirement for these devices from new testing and research facilities will increase during the forecast period. APAC is the major revenue contributor of this market segment.
Global services market for oxidative stress detection
The global oxidative stress detection market by services segment was valued at almost $71 million and is expected to grow at a CAGR of around 9% by 2020. The services offered by third party vendors or by the sellers providing instruments, accessories, or consumables in the oxidative stress detection process drive the market growth in this segment. The number of sub-contract laboratories and private laboratories for oxidative stress detection is expected to rise during the forecast period. The introduction of subcontract laboratories has enabled companies to outsource their research and testing processes at lower costs. This also enables the companies to use their resources for research and testing to introduce more innovative products in the market.
The top leading vendors operating in the global oxidative stress detection market are:
- Abcam
- EMD Millipore Corp
- Promega Corp
- QIAGEN
- Thermo Fisher Scientific
Other prominent vendors in the market include Amsbio, Bio-Rad, BioVision, Cell Biolabs, Cell Signaling Technology, Enzo Biochem, Genova Diagnostics, Rel Assay Diagnostics, Sigma-Aldrich, and tebu-bio.
A more detailed analysis is available in the Technavio report titled, ‘Global Oxidative Stress Detection Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
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