Global Oxidative Stress Assay Market for Pharmaceutical Industry 2018-2022

Overview of the oxidative stress assay market for pharmaceutical industry

According to Technavio’s oxidative stress assay market research study, the increasing investments in drug discovery will be one of the key factors fueling the market’s growth during the next few years. Oxidative stress determines the imbalance in the production of free radicals and the ability of cells to detoxify harmful effects by using antioxidants to neutralize the radicals. As a result, pharmaceutical companies are investing significantly in developing drugs that act as antioxidants to minimize the damage caused by free radicals. Furthermore, the growing prevalence of lifestyle and chronic diseases is further proliferating investments in the drug discovery process. This, in turn, has encouraged manufacturers to adopt processes like oxidative stress assays to enhance their product offerings in both the global and regional markets. According to the oxidative stress assay market forecast, our research analysts have predicted that the oxidative stress assay market for pharmaceutical industry will register a CAGR of more than 8% by 2022.

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Oxidative stress assay tests are mainly outsourced to CROs and CMOs to ensure the availability of safe and stress-free environment. With the growing emphasis on R&D investments and drug discovery, companies are preferring to outsource drug discovery processes such as oxidative stress assays and other pharmaceutical tests. In addition to saving time for research, outsourcing drug discovery processes will also help companies optimize their operational costs. Such benefits will induce more companies to outsource their operations and according to Technavio’s oxidative stress assay industry analysis, the outsourcing of drug discovery process will be one of the key trends gaining traction in this market during the next few years.

Companies covered

The market has the presence of a considerable number of companies and is quite competitive. By providing a comprehensive analysis of the market’s competitive landscape and offering information on products offered by various companies, this oxidative stress assay market research report will help clients identify new growth opportunities and design unique growth strategies. Additionally, the report also recommends areas the companies should be focusing on to enhance their customer reach across various geographies.

This research report provides an analysis of various companies in this market including –

• Abcam
• Merck
• Promega Corporation
• QIAGEN
• Thermo Fisher Scientific

Segmentation by product and analysis of the oxidative stress assay market for pharmaceutical industry

• Consumables
• Instruments
• Services

The consumables segment accounted for the largest share of this market’s growth during 2017 due to the increase in sales and repeat purchases. According to this oxidative stress assay market research report, the segment will continue to dominate the market throughout the forecast period and in turn will aid in increasing the oxidative stress assay market share.

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Segmentation by geography and analysis of the oxidative stress assay market for pharmaceutical industry

• Americas
• APAC
• EMEA

Technavio’s market research analysts have estimated that owing to the increased demand for products and presence of a well-developed market, the Americas accounted for the maximum growth of the oxidative stress assay market in pharmaceutical industry during 2017. With an increasing concentration of established vendors and the rising adoption of drug discovery products, this region will continue its market dominance during the next few years as well.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global oxidative stress assay market for pharmaceutical industry?
• What are the key market trends impacting the growth of the global oxidative stress assay market for pharmaceutical industry?
• What are the challenges to market growth?
• Who are the key vendors in the global oxidative stress assay market for pharmaceutical industry?
• What are the market opportunities and threats faced by the vendors in the global oxidative stress assay market for pharmaceutical industry?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global oxidative stress assay market for pharmaceutical industry?

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