Top Leaders of Stable Isotope Labeling Market and Business Strategies
According to the new market research report Stable Isotope Labeling Market
is projected to grow at a CAGR of 3.0% during the forecast period to
reach USD 312 million by 2024 from USD 269 million in 2019.
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The
growth of this market is driven majorly by the increase in research
activities in the pharmaceutical and biotechnology sector, the rising
prevalence of cancer, and rising proteomics research. However, the high
cost of stable isotope-labeled compounds is expected to restrain the
growth of this market during the forecast period.
Cambridge
Isotope Laboratories (CIL) (US), Merck KGaA (Germany), and URENCO (UK)
are the key players operating in the stable isotope labeled compounds
market. Other prominent players in the market include IsoSciences, LLC
(US), Medical Isotopes, Inc. (US), Omicron Biochemicals, Inc. (US),
Trace Sciences International (US), Alsachim (France), Taiyo Nippon Sanso
Corporation (Japan), and Rotem Industries Israel Ltd. (Israel).
Cambridge
Isotope Laboratories (CIL) held the leading position in the stable
isotope labeled compounds market in 2018. The company offers a
comprehensive portfolio of stable isotope-labeled compounds for
laboratories; medical, government, and academic research centers; and
healthcare facilities. The company offers more than 15,000 products and
has ISO 13485, ISO/IEC 17025, and ISO Guide 34 quality systems, along
with cGMP production capabilities. Over the years, the company has
extended its global footprint in four countries—the US, Canada, France,
and Germany. The CIL group comprises five companies—Cambridge Isotope
Laboratories, Inc. (CIL) (US), CIL Isotope Separations, LLC (CIS) (US),
CIL Canada (Canada), Euriso-Top (France), and ABX GmbH (Germany). All
these facilities are dedicated to various stages of stable
isotope-labeled compound production. The company’s isotope separation
facility located in Ohio (US) is the world’s largest C-13 and O-18
isotope separation facility and has the only commercial heavy enrichment
columns in the world.
With the acquisition of Sigma-Aldrich
Corporation (US), Merck KGaA secured the second position in the global
Stable Isotope Labeling Market in 2018. Sigma-Aldrich was one of the
leading developers, manufacturers, and distributors of stable
isotope-labeled compounds. Its acquisition made Merck a leader in the
global life science industry, valued at more than USD 113 billion (EUR
100 billion). In addition, the acquisition considerably expanded Merck’s
geographic footprint, especially in North America. Merck KGaA designs
and manufactures products for academic research markets, applied testing
customers, the pharmaceutical & biotechnology industry, and
molecular diagnostics laboratories.
Merck operates in three
business sectors—Healthcare, Life Sciences, and Performance Materials.
The healthcare business unit comprises the Biopharma, Consumer Health,
Allergopharma, and Biosimilars businesses. The company has an enormous
product range of more than 300,000 life science products sold under the
SAFC, BioReliance, Millipore, and Milli-Q brands, among others. Merck is
present in North America, Europe, the Asia Pacific, Latin America, and
the Middle East & Africa, with ~50,000 employees working at 72
production locations across 66 countries.
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The
firm has 130 global distribution centers. Acquisitions, collaborations,
expansions, a broad product portfolio, and the presence of a strong
distribution and sales network across the globe have enabled this
company to secure a leading position in the Stable Isotope Labeling
Market.
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