“Global Oxidative Stress Assay Market to reach a market value of USD 2 Billion by 2030 growing at a CAGR of 9.4%”
The Global Oxidative Stress Assay Market size is expected to reach $2 billion by 2030, rising at a market growth of 9.4% CAGR during the forecast period.
The high prevalence of chronic diseases in North America drives the demand for oxidative stress assays. Thus, the North America region acquired 36.5% revenue share in the market 2022. According to the Centers for Disease Control and Prevention, six out of ten Americans suffer from at least one chronic condition, including diabetes, cancer, heart disease, or a stroke. The leading causes of death and disability in the US are these and other chronic disorders, dramatically raising healthcare costs.
Preventive healthcare involves early detection and intervention to address potential health issues before they progress. Oxidative stress assays are critical for early detection of oxidative damage, allowing healthcare providers to act proactively and avoid disease progression.
Additionally, according to the World Health Organization, one in six people will be 60 or older by 2030. The number of people 60 and older in the world will increase from 1 billion in 2020 to 1.4 billion in 2050. By 2050, there will be 2.1 billion people in the world who are 60 or older. It is anticipated that there will be 426 million persons 80 or older by 2050.
However, the intricate nature of oxidative stress pathways makes developing assays specifically targeting individual pathways challenging. Due to the multitude of interconnected pathways involved, assays may struggle to provide a comprehensive understanding of this. Thus, complexity of oxidative stress pathways can slow down the growth of the market.
By disease type, the market is categorized into cardiovascular disease, respiratory diseases, cancer, diabetes, and others. The respiratory diseases segment garnered 25.2% revenue share in the market in 2022.
Based on end-user, the market is classified into pharmaceutical & biotechnology industries, academic research institutes, contract research organizations, clinical laboratories, and others. In 2022, the pharmaceutical & biotechnology industries segment captured 36.4% revenue share in the market.
By product, the market is categorized into instruments, consumables, and services. The consumables segment covered 45.2% revenue share in the market in 2022. Consumables are designed to be user-friendly and convenient. Researchers and clinicians benefit from ready-to-use kits and reagents that simplify experimental workflows.
Based on test type, the market is classified into indirect assays, antioxidant capacity assays, enzyme-based assays, and reactive oxygen species-based assays. The antioxidant capacity assays segment recorded 22.9% revenue share in the market in 2022.
On the basis of technology, the market is divided into enzyme-linked immunosorbent assay (ELISA), flow cytometry, chromatography, microscopy, and others. In 2022, the enzyme-linked immunosorbent assay (ELISA) segment held 37.2% revenue share in the market.
Free Valuable Insights: Global Oxidative Stress Assay Market size to reach USD 2 Billion by 2030
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region acquired 36.5% revenue share in the market. In Asia-Pacific, these are in high demand because of the increasing prevalence of chronic diseases.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 985.1 Million |
| Market size forecast in 2030 | USD 2 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 9.4% from 2023 to 2030 |
| Number of Pages | 367 |
| Number of Tables | 600 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Product, Test Type, Technology, Disease Type, End-user, Region |
| Country scope |
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| Companies Included | Abcam Plc (Danaher Corporation), Merck KGaA, Promega Corporation, Qiagen N.V, Thermo Fisher Scientific, Inc., Cayman Chemical Company, Inc., AMS Biotechnology (Europe) Limited., Cell Biolabs, Inc., Enzo Life Sciences, Inc. (Enzo Biochem, Inc.), ImmunoChemistry Technologies |
By Product
By Test Type
By Technology
By Disease Type
By End-user
By Geography
This Market size is expected to reach $2 billion by 2030.
Increasing emphasis on preventive healthcare are driving the Market in coming years, however, Complexity of oxidative stress pathways restraints the growth of the Market.
Abcam Plc (Danaher Corporation), Merck KGaA, Promega Corporation, Qiagen N.V, Thermo Fisher Scientific, Inc., Cayman Chemical Company, Inc., AMS Biotechnology (Europe) Limited., Cell Biolabs, Inc., Enzo Life Sciences, Inc. (Enzo Biochem, Inc.), ImmunoChemistry Technologies
The expected CAGR of this Market is 9.4% from 2023 to 2030.
The Cardiovascular Disease segment is leading the Market by Disease Type in 2022, there by achieving a market value of $589.4 million by 2030.
The North America region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; there by, achieving a market value of $693.6 million by 2030.
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