Global Stable Isotopes Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Stable Isotopes Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Stable Isotopes market finds that the global Stable Isotopes market reached a value of USD 275.32 million in 2022. It’s expected that the market will achieve USD 327.61 million by 2028, exhibiting a CAGR of 2.94% during the forecast period.

Impacts from the short-term

Because the downstream buyers of stable isotopes are mainly scientific research and the medical industry, these institutions are inseparable from epidemics. Although medical radioisotopes were continuously produced during the global COVID-19 epidemic, hospitals experienced shortages due to bottlenecks caused by transportation and distribution. Due to the challenges faced by cross-border distribution, even with epidemic prevention measures, the current output is still below production capacity. With the cancellation of flights, many stable isotope companies had to cancel some production batches.

Impacts from the long-term

Although stable isotopes play a vital role in the medical industry, COVID-19 has led to fluctuations in raw material prices in the stable isotope market. But in the long run, the supply of raw materials for stable isotopes is in short supply, so stable isotope companies must have their own core competitiveness to survive. Such as products, channels, marketing, management, technology, cost advantages, etc., constantly improve the core competitive advantages and continue to improve.

Strength

In the diagnosis and treatment of diseases, stable isotopes are used, and they are also used as raw materials for the production of radioisotopes. Rapid diagnosis is mainly done by stable isotopes. In the medical industry, the demand for stable isotopes is high. In the current situation, most diseases (such as cancer, brain tumors, and thyroid diseases) have been diagnosed and treated with stable isotopes. The diagnosis of serious diseases is carried out with stable isotopes at minimum intervals. The agricultural sector has a high demand for stable isotopes because it helps increase crop yields. Stable isotopes are used in industry and manufacturing in the production of computer chips. These are the advantages that the stable isotope market has.

Weakness

Stable isotopes have more complex and complex technologies. Therefore, this will require government subsidiaries and production costs will increase, which will be borne by the company. Advanced technology to stabilize technology is necessary because this may be the reason for the reduced demand. Moreover, the stable isotope as a tracer has low sensitivity, few available types, and relatively high price, and its application range is limited. The Ministry of Energy is now at an important crossroads, and the production of stable isotopes has been affected due to the decline in support for the Ministry of Energy ’s laboratories.

Opportunities

As the population increases, the demand for medical care is increasing. The improvement of serious diseases requires rapid diagnosis and treatment, and key participants in stable isotopes will soon have a higher chance. The government and major players are investing in product development. Stable isotope tracers can be safely used simultaneously on the same subject without affecting future research. The plasma volume required to analyze isotope enrichment from a sample is very small, and even preterm infants can be studied. The biological side effects and metabolic fate of the compound are being extensively studied. The other factor contributing to market growth is the rising incidence of cancer, because these diseases are mainly used for cancer diagnosis. All these have provided plenty of opportunities for the stable isotope market.

Threat

The main challenge facing the growth of the stable isotope market is that due to the high cost of medicines and the lack of skilled professionals, proper R & D is not possible. In addition, in less developed countries and developing countries, because there are no manufacturers, most of the stable isotope products required by scientific research institutions are derived from imports, and their market is not yet mature. This has led to unusually high prices for related products. Therefore, the lack of skilled professionals and limited medical resources hindered the growth of the market.

Region Overview:

In 2022, the share of the Stable Isotopes market in North America stood at 45.72%.

Company Overview:

Cambridge Isotope Laboratories is one of the major players operating in the Stable Isotopes market, holding a share of 20.66% in 2023.

Cambridge Isotope Laboratories

Cambridge Isotope Laboratories Limited (CIL) is a leading global manufacturer of stable isotopes and compounds labeled with stable isotopes. CIL products are used in laboratories, medical, government and academic research centers and medical institutions around the world.

JSC Isotope

JSC Isotope is the sole supplier of isotope products manufactured by ROSATOM State Corporation enterprises. JSC Isotope offers its customers stable and radioactive isotopes, sealed radioactive sources, generators, specialized equipment for radioactive materials treatment, etc.

Segmentation Overview:

By type, C-13 segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Medical, with a market share of 53.04% in 2022.

Key Companies in the global Stable Isotopes market covered in Chapter 3:

Marshall Isotopes
Shanghai Engineering Research Center
Urenco
Medical Isotopes
Cambridge Isotope Laboratories
Center of Molecular Research
SI Science
3M (Ceradyne)
JSC Isotope

In Chapter 4 and Chapter 14.2, on the basis of types, the Stable Isotopes market from 2018 to 2029 is primarily split into:

B-10
B-11
O-18
C-13

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Stable Isotopes market from 2018 to 2029 covers:

Scientific Research
Medical
Industrial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)