The Cell-based Assay Market: Powering the Future of Drug Discovery

Future of Cell-based Assay Market: Key Dynamics, Size & Share Analysis

The Global Cell-based Assay Market is anticipated to grow at a CAGR of around 8.4% during the forecast period, i.e., 2024-29. The global market size is expected to exceed USD 29 billion by 2029. The factors attributing to the growth in the demand for cell-based assays across the globe are; the rising drug discovery activities by pharmaceutical companies, the surging inclination of consumers towards personalized medicines, and rising government funding and private investments in life sciences and healthcare research.

Top Challenges Impacting the Cell-based Assay Market Growth

Increasing Demand for Targeted Therapies to Boost the Demand for Cell-based Assay – With progressions in scientific knowledge about diseases, there is a mounting focus on emerging targeted therapies that accurately address specific molecular pathways linked to ailments. The targeted therapies offer precision and effective treatment for diseases such as cancer, auto-immune diseases, etc. Therefore, bio-pharmaceutical companies such as Thermo Fisher Scientific, PerkinElmer, etc., are increasingly developing these targeted therapies to offer accurate treatment to patients suffering from deadly diseases. These targeted therapies are developed using cell-based assays since they provide valuable insights related to drug interfaces, latent side effects, and drug efficacy, driving the Global Cell-based Assay Market.

Understanding the Core Segments in the Cell-based Assay Market

Cell-based Assay Market Size, Share & Industry Trends Analysis- By Products & Services (Consumables, Instruments & Software, Services), By Application (Drug Discovery, Absorption, Distribution, Metabolism and Excretion (ADME) Studies, Others (Basic Research, Predictive Toxicology Studies, etc.)), By Technology (Automated Handling, Flow Cytometry, Others (Label-free Detection, High-throughput Screening, etc.)), By End User (Pharmaceutical & Biotechnological Companies, Academic & Government Institutes, Contract Research Organizations, Others.

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Geographical Analysis of the Cell-based Assay Market

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

The demand for Cell-based Assays in North America is influenced by its robust research and pharmaceutical sectors, clinical and diagnostic applications, stringent regulatory requirements, and global industry impact.

Who Dominates the Cell-based Assay Market Insights on Key Industry Players?

Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.d

Cell Signaling Technology, Inc.
Danaher Corporation
Thermo Fisher Scientific
Merck KGaA
Lonza Group
Abcam plc.
Becton, Dickenson and Company
Promega Corporation
Bio-Rad Laboratories, Inc.
PerkinElmer Inc.
Cayman Chemical
R&D Systems, Inc.
AnaSpec
Enzo Life Sciences, Inc.
Menarini Silicon Biosystems, Inc. and others.

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