Stable Isotope Labeled Compounds Market Size Worth $394.86 Million By 2032 | CAGR: 3.4%

The global stable isotope labeled compounds market size is expected to reach USD 394.86 million by 2032, according to a new study by Polaris Market Research. The report “Stable Isotope Labeled Compounds Market Share, Size, Trends, Industry Analysis Report, By Type (Carbon 13, Deuterium, Oxygen 18, Nitrogen 15); By Application; By End User; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Environmental testing is becoming increasingly important due to growing concerns about environmental pollution and its impact on human health and the ecosystem. Governments and regulatory bodies around the world are implementing stricter regulations on environmental pollution, which is driving the demand for more sophisticated testing methods, including stable isotope labeling.

An increase in pharmaceutical exports from India is driving the growth of the stable isotope labeled compounds market, as the demand for these compounds is growing in tandem with the pharmaceutical industry. With India's pharmaceutical exports expected to continue growing in the coming years, the stable isotope labeling market is poised for significant growth in the country. India has emerged as a leading player in the global pharmaceutical industry, with its exports growing at a rapid pace in recent years.

According to the Pharmaceutical Export Promotion Council of India (Pharmexcil), India's pharmaceutical exports reached USD 24.44 million in the 2020-21 financial year, registering a growth of 18.07% over the previous year. This growth is primarily driven by the increasing demand for generic drugs and active pharmaceutical ingredients (APIs) from developed countries.

In 2020, U.S. health spending climbed by 9.7% to USD 4.1 trillion, or USD 12,530 per person. Compared to 2019, this growth is higher as it was 4.3 percent in 2019. Increases in government spending to combat the extraordinary COVID-19 epidemic are to be accountable for this significant acceleration in spending. This will further fuel the growth of the market in upcoming years.

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Stable Isotope Labeled Compounds Market Report Highlights

• Carbon 13 segment is anticipated to grow due to growing focus on personalized medicine and rising demand for environmental testing.
• Research segment is accounted for the higher growth rate owing to the advancement in research techniques and demand for new drug discovery.
• Pharmaceutical and biotechnology segment is projected to experience significant growth rate due to the increasing focus on personalized medicine and their use in diagnostic and environmental testing,
• Asia Pacific is expected to grow at a significant growth rate owing to the growing collaborations and partnerships.
• The global players include Perkin Elmer, Merck, Cambridge Isotope Laboratories, JSC Isotope, Medical Isotopes, Omicron Biochemicals, Trace Sciences, Taiyo Nippon Sanso.

Polaris Market Research has segmented the stable Isotope labeled compounds market report based on type, application, end user and region:

Stable Isotope Labeled Compounds, Type Outlook (Revenue - USD Million, 2019 - 2032)

• Deuterium
• Carbon 13
• Oxygen 18
• Nitrogen 15

Stable Isotope Labeled Compounds, Application Outlook (Revenue - USD Million, 2019 - 2032)

• Research
• Clinical Diagnostics
• Industrial

Stable Isotope Labeled Compounds, End User Outlook (Revenue - USD Million, 2019 - 2032)

• Pharmaceutical and Biotechnology Companies
• Academic & Research Institutes
• Hospitals and Diagnostic Centres

Stable Isotope Labeled Compounds, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa