Cell-based assay market segmentation including application, product type, and geography
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different applications, including drug discovery and toxicology.
Additionally, analysts have segmented market projections by key geography, and also by product type, focusing on equipment and consumables.
The new report by Technavio also emphasizes the indication towards automation of cell-based assay, as the process involves analysing around tens of thousands of drug samples per day, which requires automation.
“Many research laboratories and pharmaceutical companies are taking an increased interest in using automated cell-based assay techniques in drug discovery processes, which is expected to propel market growth during the forecast period,” says Faisal Ghaus, Vice President of Technavio.
Cell-based assay: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the global cell-based assay market from 2015-2019. To calculate the market size, we use revenue generated from the sale of cell-based assay kits for two application segments, which include drug discovery and toxicology.
Industry analysis includes:
- EMD Millipore
- Thermo Fisher Scientific
Market Growth Drivers:
- Increased adoption of label-free cell-based assays
- Increased use of cell-based assays in drug discovery screening
- Lack of skilled technicians
- High cost of capital equipment
- Automation of cell-based assays
- Technological advances in 3D cell-based assays
View the global cell-based assay market report.
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