Growing Need For Drug Discovery Activities Will Escalate Growth of Global Cell Based Assay Market
The cell-based assay is the study of living cells based on different parameters. These are utilized to quantify the biochemical and cellular processes. Such assays depend on the correspondent gene that possesses high consciousness due to the signal amplification of cell signaling cascades. These are considered ideal for miniaturization. The cell-based assays help in assessing the morphology in drug discovery & diagnostics, cell proliferation, cell toxicity, cell motility, and production of a quantified product. Cell-based assays of minute molecules in pharmaceutical medicines are essential for FDA drug support commercialization.
The growing need for a large number of drug discovery activities due to the high prevalence of diseases is one of the major factors driving the growth of the global cell-based assay market. However, the growing incidences of lifestyle diseases like cardiovascular diseases, cancer, epilepsy, diabetes, and others are further posing huge demand for cell-based assays drug discovery. The expanding scope of cell-based assay techniques for screening, in vitro testing, toxicity studies, and several others will further complement the growth. The cell-based assays are utilized by pharmaceutical companies, research companies, biotechnology companies, education research institutes, and several others. The cell-based assay boosts the research in the field of immunology, stem cells, cancer, and others.
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The global cell-based assay market can be segmented into application, product, end-user, and region.
By application, the market can be segmented into predictive toxicology, ADME studies, basic research, drug discovery, and others.
By product, the market can be segmented into software, service, instrument, and consumables. By end-user, the market can be segmented into contract research organizations, academic & government research institutes, pharmaceutical & biotechnology companies, and others.
North America accounts for the largest share in the global cell-based assay market due to the growing prevalence of lifestyle-related diseases like diabetes, osteoarthritis, cancer, and others. Moreover, the growing technological advancements in the field of healthcare will further promulgate the growth of the regional market in the forthcoming years.
Asia Pacific is expected to witness a significant growth rate in forthcoming years due to the growing research and development activities by the government and key market leaders in the region.
Some of the significant players in the global cell-based assay market are DiscoverX Corporation, Cell Biolabs, Inc., Cisbio Bioassays, New England Biolabs, Inc., Macrogen, Inc., Promega Corporation, Cell Signaling Technology, Inc., Lonza Group Ltd., Bio-Rad Laboratories, Inc., Perkinelmer, Inc., Merck KGaA, General Electric Company, Thermo Fisher Scientific, Inc., Danaher Corporation, Dickinson and Company, and Becton. To cite, Danaher Corporation in 2020 introduced a high-content imaging system named, ImageXpress Micro-confocal. It is likely to strengthen the position of the company in the global market.
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