The Cell Based Assays Market Share, Market Size, And Growth Rate 2022
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The cell based assays market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 9%, as per The Business Research Company’s market report!
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The Cell Based Assays Market Size In 2022 And Forecast
The global cell based assays market is expected to grow from $20.73 billion in 2021 to $22.58 billion in 2022 at a compound annual growth rate (CAGR) of 9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The cell based assays market is expected to reach $31.87 billion in 2026 at a CAGR of 9%.
The cell based assays market consists of sales of cell based assays.
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Increasing Need For Predictive Cellular Models For Drug Discovery To Control The Last-Stage Drug Failures Is Driving The Growth Of The Cell Based Assays Market
For instance, according to report by Sigma, the return on investment for pharmaceutical companies could drop to 5% considering the current level of late-stage failures, and is an unacceptable level for most companies. Major improvements to high-content systems and data analysis from the cell based assays enable scientists to extract a more information about the cellular response and help take informed decisions during drug discovery, and further driving the market for cell based arrays.
Competitive Landscape And The Regional Analysis Of The Cell Based Assays Market
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.
The Cell Based Assays Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the cell based assays market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the cell based assays market.
Early Phase Predictive Toxicity Testing – A Key Trend In The Cell Based Assays Market
Researchers are inclining towards early phase predictive toxicity testing that prevent late-stage drug failures. Predictive cell toxicity assays are being scaled up to increase screening of compounds in the early phases of drug development, reducing the cost of failure.
Cell Based Assays Market Segmentation By The Business Research Company
1) By Product & Service: Consumables, Instruments, Services, Software
2) By Application: Drug Discovery, Basic Research, Adme Studies, Predictive Toxicology, Others
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, Others
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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