23-Jul-2019 | Zion Market Research
Zion Market Research has published a new report titled “Cell Based Assay Market by Product (Reagents, Microplates, Cell Lines, Assay Kits, Instruments, and Services), by Application (ADME Studies, Predictive Toxicology, Drug Discovery, and Research), and by End-User (CROs, Biopharma Companies, and Research Institutes): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global cell based assay market was approximately USD 8.7 billion in 2018 and is expected to generate around USD 16.2 billion by 2025, at a CAGR of around 9.4% between 2019 and 2025.
Cell assay is a diagnostic tool that is used to study cellular functions’ mechanisms. Functional cells are used as diagnostic equipment for studying new drugs. Cell-based assays are extensively used in academic institutes, research facilities, government institutes, pharmaceutical and biotechnology companies, and contract research institutes. The increasing incidence of chronic diseases, such as cancer, cardiovascular diseases, arthritis, and diabetes, is the primary growth factor of the cell based assay market globally. Furthermore, increasing R&D expenditure on drug discovery, the advantage of cell-based assays over other techniques, and growing adoption of throughput screening methods, mainly in toxicological studies, will have a positive impact on the cell based assay market. However, the high instrument cost and restrictions on reagent usage may act as restraints for the cell based assay market growth globally. Alternatively, the increased use of the novel cell-based assay in cancer research will further contribute to the cell cased assay market development in the future.
Browse the full “Cell Based Assay Market by Product (Reagents, Microplates, Cell Lines, Assay Kits, Instruments, and Services), by Application (ADME Studies, Predictive Toxicology, Drug Discovery, and Research), and by End-User (CROs, Biopharma Companies, and Research Institutes): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/cell-based-assay-market
The cell based assay market is categorized on the basis of application, product, and end-user. On the basis of product, the cell based assay market includes microplates, reagents, services, cell lines, instruments, and assay kits.
Based on application, the market is classified into ADME studies, research, predictive toxicology, and drug discovery. The drug discovery segment is anticipated to witness notable growth in the cell based assay market over the forecast time period.
By end-user, the global cell based assay market includes CROs, biopharma companies, and research institutes. Biopharma companies accounted for the largest share of the cell based assay market in 2018 globally. This can be attributed to the increasing adoption of advanced technologies for disease diagnosis and treatment and rising cancer incidences.
North America dominated the global cell based assay market in 2018, due to the positive government initiatives for investment and funding in cancer research, flourishing pharmaceutical industry, developing economic conditions, and rising business investments. Europe held the second largest market share for the cell based assay market in 2018, due to the rising cancer prevalence, increasing cancer diagnosis procedures, and growing awareness about new advanced technologies. The Asia Pacific is an emerging region for cell based assay market, due to the increasing cancer cases, growing investments in healthcare services, and rising assay applications.
Some key players in the global cell based assay market are Becton, Dickinson and Company, Bio-Rad Laboratories, Corning, Danaher Corporation, DiscoverX Corporation, F. Hoffmann-La Roche, Merck, Perkin Elmer, Promega Corporation, and Thermo Fisher Scientific.
This report segments the global cell based assay market into:
Global Cell Based Assay Market: By Product
Global Cell Based Assay Market: By Application
Global Cell Based Assay Market: By End-User
Global Cell Based Assay Market: By Region
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