Cell-based assays are versatile research lab tools employed in healthcare. These tools are designed to target particular cells by using antibodies or other moieties to determine drugs' functionality and efficiency. Also, cell-based assays facilitate the calculation of cell motility and growth and promote research in stem cells, immunology, cancer, and others. The factors driving the cell-based assays market are the rising number of chronic diseases such as cancer, diabetes, epilepsy, and the increasing elderly population. Additionally, the rapidly increasing drug discovery is anticipated to surge the demand for cell-based assays as it is majorly used in examining the efficacy of drugs. Various companies are included in the drug discovery, which increased cell-based assays for examining the new drugs that are expected to fuel the cell-based assays market in the forecast period. Despite the drivers of market growth, the market's restraining factors include high costs of the assays and shortage of skilled labor in this domain. The Cell-Based Assays Market is estimated to grow at the rate of 16.6% CAGR by 2026.

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Cell-Based Assays Market based on Product & Service
Consumables
Reagents
Assay Kits
Probes & Labels
Microplates
Cell Lines
Instruments
Services
Cell-Based Assays Market based on Application
Drug Discovery
Basic Research
Other Applications
Cell-Based Assays Market based on End-User
Pharmaceutical & Biotechnology Companies
Academic & Government Institutes
Contract Research Organizations
Cell-Based Assays Market based on Geography
North America
Europe
Asia Pacific
Rest of World
The market is based on products & services, and this segment is further segmented into consumables, instruments, and services. The consumables segment is likely to hold the highest share in the market. The highest share is majorly ascribed to the increasing usage and requirement in the pre-requisite steps of cell-based assay methodologies
Based on the application of cell-based assays, the market is categorized into drug discovery, basic research, and other applications. The drug discovery segment is witnessing a significant growth rate in the market due to the increase in investments in research and developments for drug discovery by various biopharmaceutical companies and the development of drugs to treat multiple diseases.
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