According to the latest report by IMARC Group, titled “Cell Based Assay Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global cell based assay market reached a value of US$ 15.2 Billion in 2019. Cell-based assays refer to a technique for analyzing living cells, which further aid in evaluating cell motility, toxicity, proliferation, and morphology. These assays find extensive application in drug discovery as they utilize defined cells to gather information on a biopharmaceutical candidate.
Some of the key players being Becton Dickinson (BDX), Danaher Corporation (DHR), Thermo Fisher Scientific Inc (TMO), General Electric Company (GE), MERCK KGAA O.N. (MRK.DE), Perkinelmer, Inc., Charles River Laboratories, Inc., Lonza Group Ltd., Cell Signaling Technology, Inc., Promega Corporation, Cisbio Bioassays, Cell Biolabs, Inc., Bio-Rad Laboratories, Inc., Corning, Inc. and F. Hoffmann-La Roche Ltd.
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The market is primarily driven by the rising need for developing novel drugs. This can be attributed to the rising prevalence of lifestyle diseases, such as diabetes and cancer, which still await precise treatment with confirmed favorable outcomes. Consequently, governments of various countries, along with several industry players are increasingly investing in research and development (R&D), especially in the field of toxicology studies, which is driving the market further toward growth. Moreover, technological advancements, such as 3D cell-based assays and a significant rise in cell-based applications in drug discovery, are some of the other factors that are expected to strengthen the market growth in the coming years. Looking forward, by IMARC group the market value is further expected to reach US$ 24.7 Billion by 2025, exhibiting a CAGR of 8.6% during 2020-2025.
Market Breakup by Product and Services:
- Consumables
- Instruments
- Services
- Software
- Automated Handling
- Flow Cytometry
- Label-Free Detection
- High-Throughput Screening
- Others
- Drug Discovery
- Basic Research
- ADME Studies
- Predictive Toxicology
- Others
- Pharmaceutical and Biotechnology Companies
- Academic and Government Institutions
- Contract Research Organizations
- Others
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