The global NBQX disodium salt market is anticipated to grow at a significant CAGR during the forecast period. NBQX is a glutamate excitotoxicity inhibitor that is both strong and selective at the AMPA and kainate receptors. In mouse studies, it has been shown to have anticonvulsant properties. The more water-soluble variant of this reagent is NBQX disodium salt. It has become a standard for testing owing to its ease of use and precision in determining formaldehyde concentration. The global NBQX disodium salt market is hindering market growth due to the abundance of formaldehyde in nature and from man-made sources, its associated health risks, and its seepage into water and air.
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Governments across crucial markets are projected to adopt cost-cutting strategies and tighten rules, affecting market growth. Furthermore, in important application industries such as pharmaceuticals, lower R&D and stringent regulation might influence consumption and demand. Pharmaceutical companies have been forced to cut their R&D spending due to a drop in growth in recent years, which is expected to obstruct the global NBQX disodium salt market. Players in the NBQX disodium salt market use product launches, mergers and acquisitions, and R&D activities as important strategies.
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Market Coverage:
- Segment Covered-
o By Product Type
o By Application
- Competitive Landscape: R and D Systems, Abcam plc, Stemgent, Cayman Chemical, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Market Segmentation
Global NBQX Disodium Market, By Product Type
- Low Purity (below 97%)
- Purity (above 97% And Below 99%)
- High Purity (above 99%)
- Others
Global NBQX Disodium Market, By Application
- Medical Treatment
- Bioscience Research
- Others
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