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Cell Based Assay Market Share & Size | Industry Forecast, 2024-2032

The global cell based assay market size was worth around USD 18.90 billion in 2023 and is predicted to grow to around USD 40.78 billion by 2032 with a compound annual growth rate (CAGR) of roughly 8.92% between 2024 and 2032.

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Cell assay is a diagnostic instrument used to investigate the mechanisms underlying cellular functions. As diagnostic tools, functional cells are utilised in the investigation of new pharmaceuticals. Academic institutions, research facilities, government agencies, pharmaceutical and biotechnology firms, and contract research institutes all make extensive use of cell-based assays. In general, cell-based arrays assess cell morphology, proliferation of a cell and its products, toxicity, and motility.

Global cell-based assay market expansion is primarily driven by the rising prevalence of chronic diseases, including cancer, cardiovascular disease, arthritis, and diabetes. Increasing investments in research and development for drug discovery, the superiority of cell-based assays over alternative methods, and the expanding use of throughput screening techniques, particularly in toxicological studies, will all contribute positively to the market for cell-based assays. Nonetheless, stringent government regulations, the high cost of instrument maintenance and operation, and the scarcity of a proficient labour force could potentially impede the growth of the cell-based assay industry.

Conversely, the expanding utilisation of the innovative cell-based assay in the realm of cancer research will serve to augment the future growth of the cell cased assay market.

To provide a thorough understanding of the cell-based assay market for the report’s audience, we have incorporated a competitive landscape and an evaluation of Porter’s Five Forces model. The research includes an evaluation of market attractiveness, in which each segment is compared to others in terms of market size, growth rate, and overall appeal.

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The Global Cell Based Assay Market is segmented based on product, application and region

Global Cell Based Assay Market: Product Segment Analysis

● Reagents

● Microplates

● Cell Lines

● Assay Kits

● Instruments

● Services

Global Cell Based Assay Market: Application Segment Analysis

● ADME Studies

● Predictive Toxicology

● Drug Discovery

● Research

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The global Cell Based Assay market profiles key players such as:

● Becton

● Dickinson and Company

● Bio-Rad Laboratories

● Corning

● Danaher Corporation

● DiscoverX Corporation

● F. Hoffmann-La Roche

● Merck

● Perkin Elmer

● Promega Corporation

● Thermo Fisher Scientific

Analysis of the Cell-Based Assay Market by Region

In 2018, the global market for cell-based assays was dominated by North America as a result of favourable government initiatives and funding for cancer research, a thriving pharmaceutical industry, improving economic conditions, and increasing business investments. In 2018, Europe occupied the second largest position in the cell-based assay market, owing to the escalating incidence of cancer, the expansion of cancer diagnosis procedures, and the heightened recognition of novel advanced technologies. The Asia Pacific is a burgeoning region for the cell-based assay market on account of the rising incidence of cancer, the expansion of healthcare service investments, and the increasing demand for assay applications.

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