Cell Based Assays Global Market Sees Growth Rate Of 9% Through 2022

14 Feb, 2022

The global cell based assays market size is expected to grow from $20.73 billion in 2021 to $22.58 billion in 2022 at a compound annual growth rate (CAGR) of 9%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The cell based assays market is expected to reach $31.87 billion in 2026 at a CAGR of 9%.

What is the Global Cell Based Assays Market?

The cell based assays market consists of sales of cell based assays. Cell-based assays are analytical tools that are designed to study a mechanism or process of cellular function. Companies developing cell based assays provide consumables such as reagents, assays kits and microplates as well as instruments, services and software. This report includes sales of reagents, cell lines, microplates, microplate, assay kits, probes and labels, and others.

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What drives the Global Cell Based Assays Market?

Research with cell based arrays is increasing with evolution and there is a definite need to move to more predictive cellular models for drug discovery in order to control the last-stage drug failures. The pharmaceutical industries’ need to efficiently commercialize drugs in order to overcome expensive failures in the last stages is a driving force in cell-based assay innovation. Failure of Investigational New Drug (IND) Phase III clinical trials results in a loss of several hundred million dollars to that company. For instance, according to report by Sigma, the return on investment for pharmaceutical companies could drop to 5% considering the current level of late-stage failures, and is an unacceptable level for most companies. Major improvements to high-content systems and data analysis from the cell based assays enable scientists to extract a more information about the cellular response and help take informed decisions during drug discovery, and further driving the market for cell based arrays.

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Global Cell Based Assays Market Segments
The global cell based assays market is segmented:
By Product and Service: Consumables, Instruments, Services, Software
By Application: Drug Discovery, Basic Research, ADME Studies, Predictive Toxicology, Others
By End User: Pharmaceutical and Biotechnology Companies, Academic and Government Research Institutes, Contract Research Organizations (CRO), Other End Users
By Technology: Automated Handling, Flow Cytometry, Label-Free Detection, High-Throughput Screening, Others
By Consumables: Reagents and Media, Cells and Cell Lines, Probes and Labels
By Instruments: Microplates, Microplate Readers, High Throughput Screening, Liquid Handling Systems
By Geography: The regions covered in the cell based assays market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Cell Based Assays Global Market Report 2022provides market size and growth forecasts for the global cell based assays market, global cell based assays market share, cell based assays market segments and geographies, cell based assays market competitive landscape including leading competitors’ revenues, profiles and market shares. The cell based assays market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Cell Based Assays Industry Playersinclude Thermo Fisher, Danaher, Becton, Dickinson and Company, GE Healthcare, Merck, PerkinElmer, Promega, Lonza, Charles River Laboratories and Cell Signaling Technology. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.