North America Water-18O Market Size By Product (98.0 atom%, 95.0 atom%, 99.0 atom%), By Application (PET Imaging, Biological Research, Chemical Research), By Geographic Scope And Forecast

North America Water-18O Market Size And Forecast

North America Water-18O Market size was valued at USD 84.46 Million in 2022 and is projected to reach USD 116.90 Million by 2030, growing at a CAGR of 4.13 % from 2024 to 2030.

Growing use of water-18O in positron emission tomography (pet) scanning and increasing use of water-18O in research and development are factors driving the market. The North America Water-18O Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

North America Water-18O Market Definition

Water-18O, or oxygen-18 water, is a variant of water in which the oxygen atoms contain the stable isotope oxygen-18. Oxygen-18 is an isotopic form of oxygen characterized by eight protons and ten neutrons in its atomic nucleus, distinguishing it from the more prevalent oxygen-16 isotope, which has eight protons and eight neutrons. The designation “18O” signifies the higher atomic mass associated with the presence of the oxygen-18 isotope.

Oxygen-18 in water molecules results from natural processes involving isotopic fractionation. Isotopic fractionation involves the separation of isotopes based on their distinctive masses during numerous physical and chemical processes. In the case of water, the ratio of oxygen-18 to oxygen-16 is an essential measure that holds significance across several scientific disciplines.

North America Water-18O Market Overview

The ‘North America Water-180 Market’ is witnessing significant growth owing to various driving factors such as growing applications of water-180 in PET Imaging. Positron Emission Tomography (PET) scan can help to clarify how the tissues and organs work metabolically or biochemically. A radioactive tracer is used in PET scans to display both normal and abnormal metabolic activity. When diseases manifest before they manifest on other imaging tests, such as magnetic resonance imaging (MRI) and computed tomography (CT), a PET scan can frequently identify the abnormal metabolism of the tracer.

However, the high production cost of water-18O (isotopically labelled water) may hamper the market growth. Specialized tools and procedures are needed to produce isotopically labelled water, which may increase manufacturing costs. This could make researchers or institutions less accessible if they have little funding. Separating isotopes like oxygen-16 and oxygen-18 is expected to create isotopically labelled water. Specialized tools are needed for this operation, such as mass spectrometers or isotope separators, which can be costly to buy, run, and maintain. Moreover, growing research in biological, medical, and environmental science domains could fuel the need for isotopically labelled water to trace and examine various processes. Water that has been isotopically labelled, such as H2 18O, is used to track metabolic pathways in living things. By tracking the incorporation of labelled oxygen into different metabolites, researchers can get insight into the metabolic processes occurring within cells and organisms.

Water that has been isotopically labelled can be used to examine ecosystem water cycling. Using labelled water, scientists can monitor water flow via various elements such as plants, soil, and groundwater. Understanding water supply, contaminants, and ecological relationships is made more accessible with this. Furthermore, pharmacokinetics investigations employ isotopically labelled water to track the distribution, metabolism, and excretion of medications inside the body. Understanding how medications interact with biological systems and developing new drugs depend on this knowledge.

The North America Water-180 Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market

North America Water-18O Market Segmentation Analysis

The North America Water-18O Market is segmented based on Product, Application and Geography.

North America Water-18O Market, By Product

• 98.0 atom%
• 95.0 atom%
• 99.0 atom%
• 10.0 atom%
• 97.0 atom%
• Others

The North America Water-18O Market is experiencing a scaled level of attractiveness in the “Product” segment. The North America Water-180 Market is experiencing a scaled level of attractiveness in the 98.0 atom% segment. 98.0 atom% accounted for the largest market share of 31.23% in 2022, with a market value of USD 26.38 Million and is projected to grow at the highest CAGR of 4.74% during the forecast period. 95.0 atom% was the second-largest market in 2022, valued at USD 20.07 Million in 2022; it is projected to grow at a CAGR of 3.79%.

The controlled isotopic composition of 98.0 atom% O-18 water is advantageous in positron emission tomography (PET) imaging, enhancing imaging resolution for more accurate and detailed diagnostics in medical imaging studies. Additionally, its use in chemistry, particularly in isotopic labelling, allows researchers to accurately track chemical transformations. Overall, the advanced isotopic purity of 98.0 atom% O-18 water contributes significantly to advancements in scientific research, spanning molecular studies, medical diagnostics, and chemical analyses.

North America Water-18O Market, By Application

• PET Imaging
• Biological Research
• Chemical Research
• Others

The North America Water-180 Market is experiencing a scaled level of attractiveness in the PET Imaging segment. The PET Imaging accounted for the largest market share of 34.72% in 2022, with a market value of USD 29.32 Million and is projected to grow at the highest CAGR of 4.83% during the forecast period. Biological Research was the second-largest market in 2022, valued at USD 21.47 Million in 2022; it is projected to grow at a CAGR of 4.39%.

The rising demand for PET scans in oncology, in which 18O-labeled water aids in the metabolic activity and visualization of blood flow in tumors. Tumor hypoxia is a common feature of lung cancer, and it is associated with a poor prognosis and resistance to radiation therapy and chemotherapy. Lung cancer is the leading cause of cancer-related death in both men and women. According to the GLOBOCAN, in 2020 there were around 2.56 million new cancer cases and this number is expected to increase up to nearly 3.53 million by 2040 in North America.

North America Water-18O Market, By Geography

• U.S.
• Canada
• Mexico

The North America Water-180 Market is experiencing a scaled level of attractiveness in the U.S. region. The U.S. has a prominent presence and holds the major share of the market. U.S. accounted for the largest market share of 86.03% in 2022, with a market value of USD 72.66 Million and is projected to grow at the highest CAGR of 4.30% during the forecast period. The region is projected to gain incremental market value of USD 22.73 Million and is projected to grow at a CAGR of 4.30 % between 2023 and 2030.

In the U.S., water isotopes, particularly oxygen-18 and deuterium, are used in various fields. Isotopic analyses are used by hydrologists to trace the origins and movement of water in lakes, river systems, and aquifers. This data is critical for managing water resources, particularly in areas prone to shortages or changing precipitation patterns. Several factors, including rising demand for PET scans, growing industrial applications, and rising environmental concerns, drive the U.S. Water-18O market.

Furthermore, the water-18O regulations focus mainly on its use in medical and industrial applications. The United States government, through agencies such as the Environmental Protection Agency (EPA) and the Food and Drug Administration (FDA), shows standards to ensure the safe handling and use of oxygen-18 in a variety of industries.

Key Players

The major players in the market include Taiyo Nippon Sanso, Huayi Isotopes, Cambridge Isotope Laboratories, Wo Isotope, Trace Sciences International, ABX, Rotem Industries, Merck KGaA, Shanghai Research Institute of Chemical Industry, Krackeler Scientific, among others. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with Water-18O benchmarking and SWOT analysis.

Key Developments

• In January 2022, Merck Announced Expansion of Stable Isotope Center of Excellence in Miamisburg, Ohio, USA. The expansion reinforces the company’s continued commitment to this category of products, which demonstrate growing utility in key diagnostic, industrial and research applications.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the segment that is majorly leading in the North America Water-18O Market. We cover the major impacting factors that are responsible for driving the industry growth in the given geography.

Porter’s Five Forces