Global Cell Based Assay Market is Estimated to Value Over USD 17.8 Billion by 2026 End

  • 21 Aug 2019

Global Cell Based Assay Market is estimated to value over USD 17.8 billion by 2026 end and register a CAGR of over 7% during the forecast period 2019 to 2026.

The Global Cell Based Assay Market is primarily driven by an increase in funding assigned for research and development, growing preference for cell-based assays and an increase in the drug discovery activities. Furthermore, the adoption of high-output screening methods boosts the cell based assays market growth.

Nonetheless, high instrument costs and restrictions on the usage of reagents are factors that can significantly impede market growth. Furthermore, a lack of skilled labour can restrict the cell based assays market growth.

The inception of innovative technologies like 3D cell-based assays, growing requirement for toxicity screening, advanced detection technologies and broadened cell-based assay applications are projected to provide new opportunities for the expansion of cell based assays market size globally.

Consumable Segment is Predicted to Stimulate the Market Growth Over the Forecast Period

The consumable segment holds the majority of market share in 2019 and is projected to thrive with the highest CAGR value over the forecast period. This growth can be credited to the growing drug discovery activities, especially in emerging economies.

The drug discovery segment is predicted to boost market growth over the forecast period. This growth is due to the increase in investments on research and development by pharmaceutical companies. Furthermore, the increasing prevalence of diabetes and cardiovascular diseases is spurring market growth. Moreover, a rapid rise in the drugs used for treating chronic diseases across the world has boosted the cell based assays market growth.

North America currently dominates the market. However, the Asia Pacific region is predicted to grow at a high CAGR value over the forecast period. The growth in this region is largely due to advancements in infrastructure development and massive investments in research and development by governments of emerging economies.

Key market players include Thermo Fisher Scientific Inc., Danaher Corp., Becton, Dickinson and Company, GE Healthcare, Merck KGaA, Lonza Group Ltd., Perkinelmer Inc., Charles River Laboratories Inc., Cell Signalling Technology Inc., Promega Corp., Cisbio and Cell Biolabs Inc.

Thermo Fisher’s BacMam-enabled Cellular Assays technology is used for mammalian cell line transduction which includes stem cells and primary cells. It is an efficient and robust method for investigating specific signal transduction events with a customised cell background. Thermo Fisher acquired approximately 57% of its total revenue from China and the US combined. The company invests around 4% if its total revenue in research and development to lead the competition in this market.

Danaher, in 2019, announced ClearLLAb 10C System for flow cytometry labs. It includes the initial 10-colour CE-IVD immunophenotyping reagent panels for myeloid as well as lymphoid lineages. These tubes use the DURA innovations dry reagents technology for panels that require no refrigeration.

Global Cell Based Assay Market Segmentation:

By Product & Services

·     Consumables

·     Reagents

·     Assay Kits

o  Reporter Gene Assays

o  Second Messenger Assays

o  Cell Growth Assays

o  Cell Death Assays

o  Other Assay Kits

·     Probes & Labels

·     Microplates

·     Cell Lines

o  Immortalized Cell Lines

o  Primary Cell Lines

o  Stem Cell Lines

·     Instruments

·     Services

By Application

·     Drug Discovery

·     Toxicity Studies

o  Pharmacokinetic Studies

o  Pharmacodynamic Studies

·     Basic Research

·     Other Applications

By End User

·     Pharmaceutical & Biotechnology Companies

·     Academic & Government Institutes

·     Contract Research Organizations

By Region

·     North America

·     Europe

·     Asia Pacific

·     Rest of the World

FutureWise Key Takeaways:

 •   Growth prospects

•   SWOT analysis

•   Key trends

•   Key data-points affecting market growth

Competitive Landscape:

·     Tier 1 players- established companies in the market with a major market share 

·     Tier 2 players 

·     Emerging players which are growing rapidly 

·     New Entrants

Objectives of the Study:

·     To provide with an exhaustive analysis on the cell-based assay market by product & services, by application, by end user and by region

·     To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)

·     To evaluate and forecast micro-markets and the overall market

·     To predict the market size, in key regions (along with countries)— North America, Asia Pacific, Europe and the rest of the world

·     To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

·     Profiling of companies to evaluate their market shares, strategies, financials and core competencies

 

Get unlimited analyst support and customise this study further to your requirements, contact sales@futurewiseresearch.com