DUBLIN--(BUSINESS WIRE)--The "Cell-Based Assays Market Based on Product & Service, Application, End-User, and Geography - Global Forecast up to 2026" report has been added to ResearchAndMarkets.com's offering.
The Cell-Based Assays Market is estimated to grow at the rate of 16.6% CAGR by 2026. A cell-based assay is an experiment that uses live cells. The basic methods include different assays that can be used in computing cell toxicity, growth, motility, and the production of a particular cellular product and cellular morphology. Cell-based assays offer the nearest depiction of the real-life model as it employs live cells in experimentation.
The factors accelerating the cell-based assays market are the increasing elderly population and the increasing occurrence of chronic diseases, including cancer, diabetes, and epilepsy. Additionally, the significantly increasing drug discovery is anticipated to escalate the demand for cell-based assays since it is majorly used in examining the efficiency of drugs. Several companies are involved in the drug discovery, which requires cell-based assay for reviewing the new drugs, which are expected to boost the cell-based assays market in the prevailing years. Simultaneously, the restraining factors of the market include the high costs of the assays and lack of skilled labor in this field.
Companies Mentioned
- Becton Dickinson Company
- Charles River Laboratories, Inc.
- Cell Signaling Technology, Inc.
- Danaher Corporation
- Thermo Fisher Scientific Inc.
- Lonza Group Ltd.
- Cell Biolabs, Inc.
- General Electric Company
- Merck KGaA
- Perkinelmer, Inc.
- Promega Corporation
- Cisbio Bioassays
- Discoverx Corporation
The market is based on products & services, and this segment is further segmented into consumables, instruments, and services. The consumables segment is likely to hold the highest share in the market. The highest share is majorly ascribed to the increasing usage and requirement in the pre-requisite steps of cell-based assay methodologies
Based on the application of cell-based assays, the market is categorized into drug discovery, basic research, and other applications. The drug discovery segment is witnessing a significant growth rate in the market due to the increase in investments in research and developments for drug discovery by various biopharmaceutical companies and the development of drugs to treat multiple diseases.
Then further based on end-users, the market is segmented into Pharmaceutical & Biotechnology Companies, Academic & Government Institutes, and Contract Research Organizations. The pharmaceutical and biotechnology companies segment has acquired a significant share in the market growth. This is due to the increasing demand for new drugs to globally treat various diseases among the rising elderly population. Rising competition among the healthcare companies and increasing research and development activities by pharmaceutical and biotechnology companies are the major factors boosting the segment growth.
In the regional market of cell-based assays, the North American region has occupied the market's substantial share. Factors including the presence of various numbers of pharmaceutical companies, drastically growing drug-based developments and research activities, and a rising number of well-established biotechnological laboratories are accelerating the region's market growth.
Cell-based assays occupy various advantages over conventional biochemical assays and animal models, and these advantages have majorly driven the rising demand for these assays in the present years. There is increasing usage of cell-based assays as the preferred tool for testing potential drug compounds and toxicity testing, increasing demand from the drug development companies. The cell-based assays demand will increase further due to increased allotment of resources to drug discovery by companies, the existence of many proteins of which functions are yet to be known, and the rising demand for biological drugs.
Key Topics Covered:
1. Executive Summary
2. Industry Outlook
3. Market Snapshot
4. Market characteristics
5. Product & Service: Market Size & Analysis
6. Application: Market Size & Analysis
7. End User: Market Size & Analysis
8. Geography: Market Size & Analysis
9. Competitive Landscape
10. Vendor Profiles
11. Companies to Watch
12. Analyst Opinion
13. Annexure
For more information about this report visit https://www.researchandmarkets.com/r/75x2dl
