Cell Based Assays Market Forecasted to Reach US $19,710.7 Million by 2022

As per the projections of the TMR report, the demand in the global cell based assays market will expand at a healthy CAGR of 7.7% during the forecast period of 2017 to 2022. The revenue in the market for cell based assays, across the world, is estimated to be worth US$19,710.7 mn by 2022, substantially up from its evaluated valuation of US$13,576.7 mn in 2017. In the near future, most of the leading companies of this market are expected to invest on research and development in order to stay ahead of the curve. They are also expected to focus on emerging economies in Asia Pacific to gain market shares as well as indulge in collaborations and mergers.

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The growing prevalence of chronic diseases such as cancer, arthritis, cardiovascular, diabetes, and epilepsy, increased availability of funding for research along with government support, incrementing preference for cell-based assays, and increasing drug discovery activity are some of the key factors augmenting the demand in the global cell based assays market. Cell based assays can be of various types, ranging from cytotoxic assays to cell proliferation, and are used to check drug stability, drug potency, and drug purification, as well as in production support. Cell based assays are primarily used by companies operating in the fields of pharmaceutical and biotechnology and has numerous possibilities for the future, promising to revolutionize the therapeutics of life-threatening diseases such as cancer and immunology. The global cell based assays market is also gaining traction from the emergence of novel technologies in science and medicine. For example, Symcel, the company who developed calScreener - a cell based assay tool for real-time cellular bioenergetic measurements, recently associated with Colzyx, working together on a goal to identify and test 25 different new collagen VI derived antimicrobial peptides. These recently discovered peptides are first of its kind and may be able to kill bacterial growth in different ways.

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Geographically, this report gauges the potential of cell based assays market in the regions of Europe, North America, Asia Pacific except Japan (APEJ), Latin America, and the Middle East and Africa (MEA), as well as in the country of Japan. In 2017, North America emerged as the most lucrative region for the vendors operating in this market, representing a demand worth of US$5,164.0 mn. The North America cell based assays market has been expected to experience incrementing demand at an above-average CAGR of 8.2% to reach a valuation of US$7,672.5 mn by 2022. The dominance of this region can be attributed to growing availability of funds for research and resilient drug discovery activities in the country of the U.S. While Europe is currently the second most profitable region, promising a demand for cell based assays that would be worth US$4,864.3 mn by 2022, its CAGR for the said forecast period is 6.9%, substantially lower than the same for APEJ, which is projected to increment the demand at 8.1%. China and India are identified as most profitable countries in the region of Asia Pacific except Japan, driven by the availability of low cost labor, which has attracted a number of companies to invest.

Some of the key companies currently operating in the global cell based assays market are: Becton, Dickinson and Company, GE Healthcare, Cell Signaling Technology, Life Technologies Corporation, Danahar Corporation, Cisbio Bioassays, Merck KGaA, Discoverx Corporation, Thermo Fisher Scientific Inc., Perkinelmer Inc., Promega Corporation, Proqinase GmbH, Enzo Life Sciences, Inc., Charles River Laboratories International, Inc., Biospherix, Ltd., Essen Bioscience, Marine Biological Laboratory, Miltenyi Biotec, Bioagilytix Labs., Lonza, Aurelia Bioscience Ltd., Selexis SA, Cell Biolabs, Inc., Biotek Instruments, Inc., Qgel SA.

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