Cell Based Assay Market Size Worth $ 9.1 Billion by 2024 | CAGR 6.8%

Global Cell-Based Assay Market Research Report and Forecast Report Edition: 2019 © 2019 IMARC All Rights Reserved

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Global Cell-Based Assay Market Overview: According to the latest report by IMARC Group, titled “Cell-Based Assay Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, the global cell-based assay market reached a value of US$ 14 Billion in 2018. The cell-based assay is an analytical method used to determine the concentration of a substance by observing its effects on living organisms (in vivo) or tissues (in vitro). Unlike biochemical assays, they study intact or fixed cells instead of quantifying cell lysate. They are widely utilized in sub-cellular localization, monitoring environmental pollutants and testing cytotoxicity. Apart from this, they are also employed to evaluate a vast array of biochemical, functional and biological effects including gene activation, cell signaling, cell proliferation, antibodydependent cellular cytotoxicity (ADCC), complement-dependent cytotoxicity (CDC), apoptosis and necrosis.

Cell-Based Assay Market Trends The increasing incidence rates of chronic diseases like cancer, diabetes and cardiovascular diseases is driving the demand for cell-based assays. For instance, they are widely used for screening mutagenesis in chronic myeloid leukemia.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Million US$

in Million US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

Apart from this, manufacturers are continually engaging in research and development (R&D) activities to formulate safer drugs using this technique, thus further contributing to the market growth. On account of the aforementioned factors, the global cell-based assay market size is projected to reach US$ 23 Billion by 2024, exhibiting a CAGR of 8.6% during 2019-2024.

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Moreover, owing to technological advancements, they are now widely used for drug discovery and toxicology studies. The advent 3D cell-based assays is expected to create new growth opportunities for the market.

Key Market Segmentation: Market Segmentation by Product and Services •

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Consumables o Reagents and Media o Cells and Cell Lines o Probes and Labels Instruments o Microplates o Microplate Readers o High Throughput Screening o Liquid Handling Systems Services Software

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Based on products, the market has been segregated into consumables, instruments, services and software. Amongst these, consumables are the most popular product in the global cell-based assay market.

Market Breakup by Technology • • • • •

Automated Handling Flow Cytometry Label-Free Detection High-Throughput Screening Others

On the basis of technologies, automated handling dominates the market, followed by flow cytometry, label-free-detection, high-throughput screening and others.

Market Segmentation by Region •

North America

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Europe Asia Pacific Latin America Middle East and Africa

Region-wise, North America enjoys the leading position in the global cell-based assay market. Other major regions are Europe, Asia Pacific, Middle East and Africa, and Latin America.

Market Segmentation by Application • • • • •

Drug Discovery Basic Research ADME Studies Predictive Toxicology Others

Based on applications, drug discovery represents the largest application segment, accounting for the majority of the global share.

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Drug discovery is followed by basic research, ADME studies, predictive toxicology and others.

Market Breakup by End-User • • • •

Pharmaceutical and Biotechnology Companies Academic and Government Institutions Contract Research Organizations Others

The market has also been segregated on the basis of end-users into pharmaceutical and biotechnology companies, academic and government institutions and contract research organizations. Currently, pharmaceutical and biotechnology companies are the largest end-user.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

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Becton Dickinson

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Danaher Corporation Thermo Fisher Scientific Inc. General Electric Company Merck KGaA Perkinelmer, Inc. Charles River Laboratories, Inc. Lonza Group Ltd. Cell Signaling Technology, Inc. Promega Corporation Cisbio Bioassays Cell Biolabs, Inc. Discoverx Corporation Bio-Rad Laboratories, Inc. Corning, Inc. Hoffmann-La Roche Ltd Spectrum Chemical

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Clients world's leading corporates, governments, and ourPartial ClientsList of institutions

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We are the trusted business partners to the

of Clients leading corporates, governments, and ourPartial ClientsListworld's institutions

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