The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The cell-based assays market has experienced robust growth in recent years, with promising projections for the future. This blog explores the market dynamics, growth drivers, innovative trends, and notable developments shaping the landscape of cell-based assays.

Market Overview

• Current Market Size:
  • In 2023, the market stood at $24.61 billion, expected to reach $26.9 billion in 2024.
  • Compound annual growth rate (CAGR) of 9.3% reflects strong momentum.
  • Emergence of high-throughput screening (HTS) techniques, automation integration, and utilization of biomarker detection drove historic growth.

Future Projections

• Expected Growth:
  • Forecasted to reach $41.86 billion by 2028, with a CAGR of 11.7%.
  • Integration of AI and machine learning, regulatory shifts, and focus on precision medicine are key drivers for future expansion.

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Driving Innovation

• Shift to Predictive Cellular Models:
  • Need for more predictive models to mitigate last-stage drug failures.
  • Pharmaceutical industry’s drive to overcome expensive late-stage failures.
  • Major improvements in high-content systems and data analysis enhancing decision-making in drug discovery.

Notable Companies

• Key Players:
  • F. Hoffmann-La Roche Ltd., Merck & Co. Inc., Thermo Fisher Scientific Inc., Danaher Corporation, and more.
  • These companies drive innovation and market growth through product development and strategic acquisitions.

Innovative Solutions

• Advanced Platforms for Drug Discovery:
  • Launch of new platforms like cell-based phenotypic assay platforms.
  • Integration of advanced imaging, analytical tools, and AI for enhanced drug profiling.
  • Example: Selvita’s cell-based phenotypic assay platform launched in February 2021.

Strategic Acquisitions

• Cell Carta’s Proteomics Portfolio Expansion:
  • Acquisition of Precision Assays’ immune-MRM technologies in May 2022.
  • Strengthening Cell Carta’s position in proteomics and enhancing service offerings.

Market Segmentation

• Product & Service:
  • Consumables, Instruments, Services, Software.
• Technology:
  • Automated Handling, Flow Cytometry, Label-Free Detection, High-Throughput Screening, and more.
• Application:
  • Drug Discovery, Basic Research, ADME Studies, Predictive Toxicology, among others.
• End User:
  • Pharmaceutical and Biotechnology Companies, Academic and Government Research Institutes, Contract Research Organizations (CRO), and others.

Regional Insights

• North America:
  • Dominated the cell-based assays market in 2023.
  • Advanced healthcare infrastructure and high adoption rates drive market growth.

Emerging Trends

• High-Throughput Screening (HTS):
  • Accelerating drug discovery through rapid screening of large compound libraries.
• 3D Cell Cultures:
  • Mimicking physiological conditions for more accurate results.
• Organ-on-a-Chip Technology:
  • Advancing drug testing through organ-specific models.
• CRISPR/Cas9 Technology:
  • Revolutionizing gene editing for targeted research and therapy.
• Advancements in Imaging Techniques:
  • Improving visualization and analysis of cellular processes.

The cell-based assays market is on a trajectory of remarkable growth and innovation, fueled by technological advancements, strategic collaborations, and increasing demand for predictive cellular models in drug discovery and development. As the industry continues to evolve, stakeholders must adapt to emerging trends and leverage cutting-edge solutions to drive progress and meet evolving healthcare needs.

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