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Isotope-Labeled Excipients Market Projected to be Resilient During 2016 - 2024
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U.S. Food & Drug Administration also recommends that industries should utilize periodically changing, multiple, authentic measures for each specific product which will further lead to growth in isotope-labeled excipients market.
Isotope-Labeled Excipients Market: Dynamics
Isotope-Labeled Excipients Market is primarily driven by a few key factors such as the substances being pharmacologically inactive, toxicologically inert which is in compliance with the U.S. Food & Drug Administration regulations. In addition to this, the isotope-labeled excipients market also observes significant growth due to the non-radioactive nature which is safe for humans.
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Isotope-labeled excipients, however, require specialized facilities, rigorous R&D, which limits access to such excipients. Isotope-labeled excipients are associated with high cost and the isotope ratio mass spectrometry instrument which is required to quantify isotopes is expensive which restraints the growth of the isotope-labeled excipients market.
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Isotope-Labeled Excipients Market: Region-wise Outlook
Based on geography, the Isotope-Labeled Excipients Market can be segmented into five major regions: North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa. At present, North America holds a leading position in the Isotope-Labeled Excipients Market followed by Europe. The major factors which have driven the growth of the isotope-labeled excipients market in this region are the increase in regulations and oversight by the U.S. Food & Drug Administration for safety and health issues, pressure on healthcare institutions to reduce costs and reduce drug counterfeiting.
Isotope-Labeled Excipients Market: Key Players
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