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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Factors Driving Growth in the Cell Based Assay Market
A cell assay serves as a diagnostic instrument utilized for investigating the mechanisms underlying cellular functions. Functional cells serve as diagnostic tools for the investigation of novel pharmaceuticals. Cell-based assays find widespread application across academic institutions, research facilities, government organizations, pharmaceutical and biotechnology firms, as well as contract research organizations. Cell-based arrays typically assess cell toxicity, motility, proliferation, and morphology, along with the products generated by the cells.
The rising prevalence of chronic diseases, including cancer, cardiovascular conditions, arthritis, and diabetes, serves as the main driver for the expansion of the cell-based assay market worldwide. Moreover, the rise in investment for drug discovery, the benefits of cell-based assays compared to alternative methods, and the expanding use of throughput screening techniques, particularly in toxicological research, will positively influence the market for cell-based assays. Nonetheless, the substantial upkeep of instruments and their associated operational expenses, the shortage of a qualified workforce, and the stringent regulatory mandates imposed by the government could constrain the market for cell-based assays.
Additionally, the growing application of the innovative cell-based assay in oncology studies will further enhance the development of the cell-based assay market moving forward.
To provide a thorough understanding of the cell-based assay market, this report includes a competitive landscape and an analysis of Porter’s Five Forces model relevant to the market. The analysis includes an evaluation of market attractiveness, where each segment is assessed according to its 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
The regional segment encompasses both the present and projected demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
In 2018, North America led the global cell-based assay market, driven by favorable government initiatives supporting investment and funding in cancer research, a thriving pharmaceutical sector, improving economic conditions, and increasing business investments. In 2018, Europe accounted for the second largest market share in the cell-based assay market, driven by the increasing prevalence of cancer, a rise in cancer diagnosis procedures, and heightened awareness of advanced technologies. The Asia Pacific is a developing area for the cell-based assay market, driven by the rising incidence of cancer, increased investments in healthcare services, and expanding applications of assays.
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