Cell-based Assay Market Global Industry Size, Share, Emerging Trends, Demand, Revenue and Forecasts Research Report
According to a recent research report, the global cell-based assay market is expected to grow at a CAGR of 16.5% from 2017 to 2023. The market report offers an all-inclusive analysis of the fluctuating market trends, value chain assessment, major segments, Porter’s Five Forces study, business performance of the key market players, and competitive scenario in a number of provinces. The cell-based assay research report provides a thorough assessment of all the segments involved and gives accurate predictions for future estimations. The report also takes in the studies of upcoming trials and defies in the market.
The consumables product segment accounted for nearly three-fifths share of the market in 2016.
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Cell-based assays are procedures that are widely used in drug discovery and high-throughput screening of compounds due to the advantages of predictability, possibility of automation, multiplexing, and miniaturization. They are highly beneficial for use in early stages of the drug discovery processes.
The major factors that drive the global cell-based assay market are rise in technological advancements in cell-based assays, growth in availability of funds & investment for research, and increase in drug discovery programs globally. In addition, adoption of high-throughput screening for drug discovery enhances the demand for cell-based assay, thereby providing lucrative opportunities for market growth. However, accuracy & standardization concerns and costs associated with cell-based assays restrain the market growth.
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The consumables product segment occupies the highest share, owing to their sheer usage and need throughout the pre-requisite steps of cell-based assay methodologies. The drug discovery application segment is anticipated to dominate the global cell-based assay market, and it accounted for over one-third of the total share in 2016.
At present, the pharmaceutical companies segment dominates the end-user segment and is expected to grow at a CAGR of 14.6% from 2017-2023. Cell-based assay possesses the potential to recognize a broad spectrum of compounds and supplement the generation of potent biomarkers in medicine.
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The Major Key Players Are:
Becton, Dickinson and Company, Danaher Corporation, Thermo Fisher Scientific, Inc., General Electric Company, Merck KGaA, Perkinelmer, Inc., Bio-Rad Laboratories, Inc., Lonza Group Ltd., Cell Signaling Technology, Inc., and Promega Corporation.
The Other Key Players Are:
Macrogen, Inc., New England Biolabs, Inc., Cisbio Bioassays, Cell Biolabs, Inc., and DiscoverX Corporation.
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