Cell Based Assays Market To Hit $41.86 Billion by 2028 at 11.7% CAGR, Reports TBRC

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Cell Based Assays Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $41.86 billion In 2028 At A CAGR Of 11.7%:

The cell based assays market size has grown strongly in recent years. It will grow from $24.61 billion in 2023 to $26.9 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to emergence of hts techniques, integration of automation, utilization of biomarker detection, adoption of microfluidics, introduction of gene editing tools.

The cell based assays market size is expected to see rapid growth in the next few years. It will grow to $41.86 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to integration of ai and machine learning, shift in regulatory landscape, demand for high-content screening, advancements in disease modeling, focus on precision medicine. Major trends in the forecast period include high-throughput screening (hts), 3d cell cultures, organ-on-a-chip technology, crispr/cas9 technology, advancements in imaging techniques.

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Cell Based Assays Market Major Segments
The cell based assays market covered in this report is segmented -
1) By Product & Service: Consumables, Instruments, Services, Software
2) By Technology: Automated Handling, Flow Cytometry, Label-Free Detection, High-Throughput Screening, Other Technologies
3) By Application: Drug Discovery, Basic Research, Adme Studies, Predictive Toxicology, Other Applications
4) By End User: Pharmaceutical And Biotechnology Companies, Academic And Government Research Institutes, Contract Research Organizations (CRO), Other End Users

Sub-segements
By Instruments: Microplates, Microplate Readers, High Throughput Screening, Liquid Handling Systems
By Consumables: Reagents And Media, Cells And Cell Lines, Probes And Labels

Key Driver - The Imperative Shift To Predictive Cellular Models Is Fuelling Innovation In Cell-Based Assay Innovation Market

Research with cell-based arrays is increasing with evolution and there is a definite need to move to more predictive cellular models for drug discovery in order to control the last-stage drug failures. The pharmaceutical industries' need to efficiently commercialize drugs in order to overcome expensive failures in the last stages is a driving force in cell-based assay innovation. Failure of investigational new drug (IND) Phase III clinical trials results in a loss of several hundred million dollars to that company. For instance, according to a report by Sigma, the return on investment for pharmaceutical companies could drop to 5% considering the current level of late-stage failures which is an unacceptable level for most companies. Major improvements to high-content systems and data analysis from the cell-based assays enable scientists to extract more information about the cellular response and help make informed decisions during drug discovery, and further driving the growth of the cell-based array market.

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Prominent Trend - Harnessing Early Predictive Toxicity Testing To Streamline Drug Development Costs

Researchers are inclining toward early-phase predictive toxicity testing that prevents late-stage drug failures. Predictive cell toxicity assays are being scaled up to increase the screening of compounds in the early phases of drug development, reducing the cost of failure. For instance, Creative Bioarray, a biotech company provides a range of in vitro toxicity services to check drug-induced toxicities that save time and cost by reducing the chance of failure in earlier stages. These advances will make clinical testing easy and reduce the cost of operation.

Cell Based Assays Market Players
Major companies operating in the cell based assays market report are F. Hoffmann-La Roche Ltd., Merck & Co. Inc., Thermo Fisher Scientific Inc., Danaher Corporation, Becton, Dickinson and Company, GE HealthCare Technologies Inc., Corning Incorporated, Lonza Group Ltd., Charles River Laboratories International Inc., PerkinElmer Inc., Sigma-Aldrich Corporation, Bio-Rad Laboratories Inc., Miltenyi Biotec GmbH, Abcam plc, BioVision Inc., Promega Corporation, Caliper Life Sciences Inc., Cell Signaling Technology Inc., BioTek Instruments Inc., Enzo Life Sciences Inc., BioAgilytix Labs LLC, Cisbio International LLC, ProQinase GmbH, QGel SA, Biotium Inc., Selexis SA, Aurelia Bioscience Ltd., Creative Bioarray, Cell Biolabs Inc., Essen BioScience Ltd., Eurofins Scientific SE, DiscoveRx Corporation

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Largest And Fastest Growing Region In The Market
North America was the largest region in the cell-based assays market in 2023. Western Europe was the second largest region in the global cell-based assays market share. The regions covered in the cell based assays market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cell Based Assays Market Report Structure
3. Cell Based Assays Market Trends And Strategies
4. Cell Based Assays Market - Macro Economic Scenario
5. Cell Based Assays Market Size And Growth
…..
27. Cell Based Assays Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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