Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 19.79 Billion | USD 44.74 Billion | 8.5% | 2024 |
The global cell-based assays market size was worth around USD 19.79 Billion in 2024 and is predicted to grow to around USD 44.74 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 8.5% between 2025 and 2034. The report analyzes the global cell-based assays market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the cell-based assays industry.
The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketspace. The cell-based assay industry report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.
Cell-based assays help in determining the proficiency of compounds in a cellular environment. This, in turn, is key in understanding compound behaviors in a biological ecosystem and bringing into line data with a translatable biomarker. Cellular assays can find applications in biomedical activities and drug-discovery testing for proficiently measuring cytotoxicity, biological activities, biochemical machines, and off-target interactions. The benefits of using cell-based assays are the facilitation & generation of complex and biologically relevant information. Unlike conventional biochemical assays, cell-based assays are physiologically relevant and can determine complex features concurrently.
Ability to offer effective and inexpensive drug solutions to end-user to boost the global market trends
Cell-based assays are major parts of the drug development process and have several components in the drug development procedures. In addition to this, these assays provide constant tissue-specific responses in a biologically controlled environment. All these aspects will steer the growth of the global cell-based assays market. In addition to this, pharma & biotech firms and CROs make use of cell-based assays for lead detection and optimization procedures in drug discovery, thereby charting a profitable roadmap for the global cell-based assays market.
The overall production costs of biopharmaceuticals have increased notably and hence healthcare service providers prefer the use of cell-based assay. This, in turn, will drive the global market trends.
Furthermore, traditional procedures of toxicity and assessing drug safety are costly and time-consuming and provide low throughput, thereby steering the demand for cell-based assays. In addition to this, the physiological significance of cell-based assays and their ability to provide proficient, cost-efficient, and effective drug solutions has prompted the acceptance of cell-based assays among customers.
High device costs can hinder the global industry demand
Huge equipment costs and restricted use of reagents can put brakes on the global cell-based assays industry growth in the upcoming years. Furthermore, huge maintenance charges and indirect expenditures as well as a rise in the overall ownership costs of equipment can hinder the growth of the industry across the globe.
Shifting government regulations can put a huge challenge in the growth path of the global market
Changing government laws and high transportation costs can prove to be a challenging task for the growth of the global cell-based assays market.
Huge investment in research activities related to biotech research to open new growth opportunities for the global industry
Developing economies of Asia having low-wage labor and reduced raw component costs are projected to generate new growth avenues for the global cell-based assays industry. Rise in the allocation of funds for research & development projects pertaining to biotech activities will open new growth horizons for the industry across the globe.
The global cell-based assays market is segmented based on Product, Technology, Application, End-user, and region.
Based on Product, the global cell-based assays market is divided into Reagents, Assay Kits, Instruments, Software, Services.
On the basis of Technology, the global cell-based assays market is bifurcated into Automated Handling, Flow Cytometry, High-throughput Screening, Label-free Detection.
By Application, the global cell-based assays market is split into Drug Discovery, Toxicity Studies, Research, Cancer Research, Others.
In terms of End-user, the global cell-based assays market is categorized into Pharmaceutical & Biotechnology Companies, Academic & Research Institutes, CROs.
Report Attributes | Report Details |
---|---|
Report Name | Cell-Based Assays Market |
Market Size in 2024 | USD 19.79 Billion |
Market Forecast in 2034 | USD 44.74 Billion |
Growth Rate | CAGR of 8.5% |
Number of Pages | 219 |
Key Companies Covered | F. Hoffmann-La Roche Ltd. (Roche Holdings AG), BD, Promega Corp., Bio-Rad Laboratories, Inc., Merck KGaA, Corning Inc., Charles River Laboratories, Lonza AG, Danaher Corp., and Thermo Fisher Scientific Inc., and others. |
Segments Covered | By Product, By Technology, By Application, By End-user, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North American cell-based assays market to accrue major gains over the next eight years
North America, which accounted for over 43% of the global cell-based assays market revenue in 2022, is anticipated to dominate regional market expansion over the analysis period. The regional market elevation over 2023-2030 can be a result of widespread research on cell-based assays in the countries such as the U.S. and Canada. Presence of reputed academic research institutes and pharmaceutical firms in the sub-continent will contribute notably towards the regional market growth.
On the other hand, the cell-based assays industry in the Asia-Pacific region is predicted to register the fastest CAGR in the forecasting period. The growth of the market in the region can be ascribed to swift infrastructural growth and a rise in funding of biotech research activities by the public and private sectors.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the cell-based assays market on a global and regional basis.
The global cell-based assays market is dominated by players like:
The global cell-based assays market is segmented as follows;
By Product
By Technology
By Application
By End-user
By Region
FrequentlyAsked Questions
Cell-based assays help in determining the proficiency of compounds in a cellular environment.
The global cell-based assays market is expected to grow due to Rising drug discovery and toxicity testing needs fuel demand. Advancements in high-throughput screening and cell biology support market expansion.
According to a study, the global cell-based assays market size was worth around USD 19.79 Billion in 2024 and is expected to reach USD 44.74 Billion by 2034.
The global cell-based assays market is expected to grow at a CAGR of 8.5% during the forecast period.
North America is expected to dominate the cell-based assays market over the forecast period.
Leading players in the global cell-based assays market include F. Hoffmann-La Roche Ltd. (Roche Holdings AG), BD, Promega Corp., Bio-Rad Laboratories, Inc., Merck KGaA, Corning Inc., Charles River Laboratories, Lonza AG, Danaher Corp., and Thermo Fisher Scientific Inc., among others.
The report explores crucial aspects of the cell-based assays market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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