Cell Based Assays Market
Size and Growth Rate:
Cell Based Assays Market was Valued 3.31 Billion USD in 2017 and
this value predicted to reach 19.88 Billion USD by 2022 growing at a significant
CAGR of 8.1% during 2017 to 2022.
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Cell Based Assays Market Overview:
The cell-based Assays test is the method to study living cells
according to different parameters. They are used to quantify virtually
biochemical or cellular functions. Functional cells are used in cellular Assayss
as diagnostic equipment in the study of new drugs. Cellular tests are widely
used in academic research institutes, government institutions, biotechnology
companies, pharmaceutical companies, contract research organizations, etc.
Cell-based Assayss help to assess cell motility, cell toxicity, cell
proliferation, morphology in the discovery and diagnosis of drugs and to
generate a quantifiable product. They also help to study in the areas of
cancer, stem cells, immunology and others. Therefore, due to the growing demand
for cell-based Assayss, the global market is expected to grow in the next
period.
Cell Based Assays Market
Growth Drivers and Restraints:
Increased drug discovery research activities, technological
advances, increasing demand for biologic drugs, public spending and the growing
need for drug toxicity testing should stimulate the market for cell-based Assayss.
In addition, the significant benefits of cell-based Assays, innovations in
technologically advanced products and the need to reduce the costs associated
with drug discovery should stimulate the market boom. However, the lack of
qualified professionals, the intellectual property rights and the high cost of
the instruments are some of the factors that slow down the growth of the global
cell-based Assays market.
Demographics and growing economies in developing countries such as
India and China should lead the market. In addition, the emergence of new technologies,
such as 3D models, advanced detection technologies, the growing need for
toxicity detection and the expanded applications of cell-based Assayss should
provide new opportunities for the market.
However, the complexity of high-throughput screening (HTS), optimization
and standardization of tests are some of the challenges of the global
cell-based Assays market.
Geographical Insights of
Cell Based Assays Market:
North America, followed by Europe, is the largest regional market in
the world due to intensified drug research, development activities and
increased adoption of cellular forms of analysis and the large number of
pharmaceutical companies and biotechnology in this region. Asia is expected to
present a high growth rate in the market in the coming years due to
technological advances. The increase in investment in R & D includes
research in life sciences and outsourcing of drug discovery in the region.
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Key Players of Cell Based
Assays Market:
Macrogen, Inc., New England Biolabs, Inc., Cisbio BioAssayss, Cell
Biolabs, Inc., and DiscoverX Corporation are the major players of the world market.
Cell Based Assays Market
Segmentation:
By Product and Service:
·
Consumables
·
Microplates
·
Cell Lines
·
Probes and Labels
·
Other Consumables
·
Instruments
·
Services
·
Software
By Application:
·
Drug Discovery
·
Basic Research
·
Adme Studies
·
Predictive Toxicology
·
Other Applications
By End User:
·
Pharmaceutical &
Biotechnology Companies
·
Academic & Government
Institutions
·
Contract Research Organizations
By Region:
·
North America
·
South America
·
Europe
·
Asia Pacific
·
Middle East and Africa
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