Cell-based assay market size and growth: Cell-based Assay Market was worth USD 14.4 billion in 2019 and is estimated to achieve USD 24.7 billion in 2024, registering a CAGR of 11.31% from 2019 to 2024.
Cell-based assay Market Overview:
Cell-based assays comprehend a spread of tests that calculate cellular parameters like cell toxicity, proliferation, and production of markers activation of specific sign pathways, motility, and changes in morphology. These assays rely on reporter gene assays that have high sensitivity attributing to signal amplification of cell-signaling cascades, and hence are suitable for shrinking. Cell-based assays are majorly used in high-throughput screening (HTS) formats.
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Cell-based assay Market drivers and restraints:
The call for cell-based assay has elevated majorly over the past few years, due to a rise in cell-based applications in drug discovery and increase in technological advancements in cell-based assays methodologies. In addition to that, the adoption of high-throughput screening ways and rise in R&D investment furthermore drive the market growth. Nevertheless, high prices related to these assays and lack of experienced professionals hamper this growth. Moreover, the surge in adoption of label-free cell-based assays and untapped potential in developing countries provide essential opportunities to the market players.
Report segmented as:
By Product:
• Consumable
• Instrument
• Service
• Software
By Application:
• Drug discovery
• Basic research
• Absorption
• Distribution
• Metabolism
• Excretion (ADME) studies
• Predictive toxicology
• Others
By End-user:
• Pharmaceutical & biotechnology companies
• Academic & government research institutes
• Contract research organizations
• Others
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Geographical analysis:
Based on geography, it is segregated into North America, Europe, Asia-Pacific, and LAMEA. North America generated the most considerable revenue within the world cell-based assay market in 2016. Nevertheless, Asia-Pacific has the market potential for the development of cell-based assays, due to the rise in knowledge regarding these assays for drug invention, increase in cell-based assay applications, and others. This region is expected to experience quick-paced growth, in terms of growth and use of cell-based assays.
Important market players:
The major players operating in the global cell-based assay market are Becton, Dickinson and Company, Danaher Corporation, Thermo Fisher Scientific, Inc., General Electric Company, Merck KGaA, Perkinelmer, Inc., Bio-Rad Laboratories, Inc., Lonza Group Ltd., Cell Signaling Technology, Inc., and Promega Corporation
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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