Press release
Global Cell-based Assays Market: Full In-depth Analysis by Latest Trend, share, Size, Application, Growth and Forecast to 2024
The cell-based assays market accounted to USD 12.27 billion in 2016 growing at a CAGR of 8.43% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.Cell based assays are used to measure practically of cellular or biochemical functions. It refers to technique of analysis of living cell on the basis of different parameters. In cell based assays functional cells are used as diagnostic tools in research for new drugs.
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Major Market Drivers and Restraints:
• Increasing research activities in drug discovery
• Technological advancement in the assays
• Rise in demand for biological drugs
• Rising need for toxicity screening in drugs
• Rising incidence of chronic diseases
• Government expenditure for research
• High price of instruments
• Stringent regulations for reagent use
Market Segmentation:
The cell-based assays market is segmented by product and services into consumables, instruments, services and software. Consumables are sub segmented into reagents, assay kits, microplates, cell lines, probes& labels and others. Assay kits are further sub segmented into reporter gene assays, cell growth assays, second messenger assays, cell death assays and others. Cell lines are further sub segmented into immortalized cell lines, primary cell lines and stem cell lines.
On the basis of application the market is segmented into drug discovery, basic research, adme studies and predictive toxicology.
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By end user the market is segmented into pharmaceutical & biotechnology companies, academic & government institutions and contract research organizations (CRO).
On the basis of geography, cell-based assays market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Competitive Analysis:
The cell-based assays market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cell-based assays market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors:
Some of the major players operating in cell-based assays market are Thermo Fisher Scientific, Inc., BD, Danaher, General Electric Company, Charles River Laboratories, Inc., Lonza, Eppendorf AG, Agilent Technologies, Bruker, Stryker, Quest Diagnostics, Bio-Rad Laboratories, Inc., Illumina, Inc., 10x Genomics, Abcam plc, QIAGEN, Promega Corporation, Merck KGaA, Sysmex, FLUIDIGM, Cell Signaling Technology, Inc., DiscoverX Corporation, Cisbio, Cell Biolabs, Inc., BioTek Instruments, Inc., SGS SA, Selexis SA, Cambridge Biomedical Inc., BioAgilytix Labs. and Fluofarma among others.
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