The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

 According to The Business Research Company’s report, the global cell-based assays market is projected to increase from $22.58 billion in 2022 to $24.61 billion in 2023, with a 9.0% CAGR. The market size is anticipated to reach $36.22 billion in 2027, growing at a 10.1% CAGR.

What was the major driver in the cell based assays market?
Cell-based array research is evolving and calls for more predictive cellular models to prevent late-stage drug failures. The pharmaceutical industry’s drive to minimize costly late-stage failures fuels innovation in cell-based assays. IND Phase III trial failures lead to substantial financial losses. Sigma’s report suggests that current late-stage failures could reduce pharmaceutical companies’ ROI to an unacceptable 5%. Enhanced high-content systems and data analysis in cell-based assays provide more cellular response information, aiding informed decisions in drug discovery, thus boosting the cell-based arrays market.

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What was the key trend in the cell based assays market?
Researchers favor early-phase predictive toxicity testing to prevent late drug failures. Scaling up predictive cell toxicity assays in early drug development phases reduces failure costs. Creative Bioarray, a biotech firm, offers in vitro toxicity services to detect drug-induced toxicities, saving time and reducing early-stage failure risks. These advancements ease clinical testing and lower operational costs.

Which was the largest region in the cell based assays market?
North America was the largest region in the cell based assays market in 2022. Western Europe was the second largest region in the global cell based assays market share. The regions covered in the global cell based assays market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Who are the cell based assays market prominent players?
Major players in the cell based assays market are Thermo Fisher, Danaher, Becton, Dickinson and Company, GE Healthcare, Merck, Perkinelmer, Promega, Lonza, Charles River Laboratories and Cell Signaling Technology.

Key cell based assays market segments
The global cell based assays market is segmented –
1) By Product & Service: Consumables, Instruments, Services, Software
2) By Application: Drug Discovery, Basic Research, Adme Studies, Predictive Toxicology, Other Applications
3) By End User: Pharmaceutical And Biotechnology Companies, Academic And Government Research Institutes, Contract Research Organizations (CRO), Other End Users
4) By Technology: Automated Handling, Flow Cytometry, Label-Free Detection, High-Throughput Screening, Other Technologies
5) By Consumables: Reagents And Media, Cells And Cell Lines, Probes And Labels
6) By Instruments: Microplates, Microplate Readers, High Throughput Screening, Liquid Handling Systems

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The Cell Based Assays Global Market Report 2023  provides a comprehensive overview on the cell based assays market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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