Cell Based Assays Market Share 2017 – 2022 Rising Trends And Demand Analysis || Top Growing Companies

Constant entry of biotechnology and pharmaceutical companies in the global cell based assays market accounts for the prevailing forces of fragmentation, notes Transparency Market Research (TMR). These companies benefit increasingly from substantial financial clout they have, which helps them leverage the forces of competition in their favor, finds TMR.

Some of the key players vying for sizeable stakes in the global cell based assays market are Danaher Corporation, Thermo fisher Scientific Inc., Marin Biologic Laboratories, Essen BioScience Inc., Enzo Life Sciences, Inc., and QGel SA.

The global cell-based assays market was worth approximately US$1.36 billion in 2017. During 2017–2022, the market is projected to expand at CAGR of 7.7% and reach a valuation of US$1.97 billion by 2022 end.

Based on end user, the biotechnology and pharmaceutical segment holds the sway in the global cell based assays market. The segment will continue to hold a major share globally in the coming few years as well. The growth is propelled by rapid application of cell-based assays in drug discovery world over.

Regionally, North America accounted for the major share in the global cell-based assays market in 2017. The regional market will clock a CAGR of 8.2% during 2017–2022. The growth is fueled by substantial volumes of investments being poured into research and development activities in the region.

Get PDF Sample Copy of Report: (Including TOC, List of Tables & Figures, Chart) :  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=846

Global Cell Based Assays Market.jpg

Widespread Application in Drug Discovery Applications propels Growth

The global cell based assays market is driven increasingly by the widespread application of the methodologies in drug discovery applications in drug making. The applications are notably bolstered by rapidly rising number of drugs for chronic diseases in various regions across the world. The prevalence of cardiovascular diseases and diabetes is also fueling the demand for cell-based assays.

There contours of the global cell based assays market is shaped by the rising demand for more efficacious drugs for various life-threatening diseases. The growing role of cell-based assays in drug discovery for cancer is a case in point.

REQUEST FOR COVID19 IMPACT ANALYSIS –  https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=846

Growing role of cell-based assays in accelerating time-to-market of drugs by pharmaceutical and biotech companies is a key trend aiding in the rapid stride of the global cell based assays market. These assays occupy notable a pivotal role in reducing the instances of late-stage drug failures. Moreover, rising demand for cell-based assays methodologies in investigational new drugs is a key trend boosting the market. Furthermore, growing number of in vitro drug studies based on cell-based assays is fueling the market’s growth.

High Cost of Assay Instruments and Unfavorable Regulatory Framework hampers Prospects

However, the steady growth of the global cell-based assays market is hindered by the high cost of assay instruments and lack of suitable regulatory framework for the use of reagents. Nevertheless, the rising worldwide demand for novel drugs and treatments is also likely to create new, exciting avenues in the market. The rising use of cell-based assays in various ultra-high throughput screening also paves way for lucrative opportunities for pharmaceutical and biotech companies. Furthermore, exciting strides witnessed in synthetic biology in recent years are also underpinning the growing prospects of the global cell-based assays market.

The study presented here is based on a report by Transparency Market Research (TMR) titled Cell “Based Assays Market (Product Type – Instruments, Assay Kits, Reagents and Consumables, Software, and Services; End User – Pharmaceutical and Biotech Companies, Academic Institutions, and Contract Research Organizations; Application – Drug Discovery, Basic Research, and Predictive Toxicology) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2022.”

The global cell based assays market is segmented based on:

Product Type

  • Instruments
  • Assay Kits
  • Reagents and Consumables
  • Software
  • Services

End User

  • Pharmaceutical and Biotech Companies
  • Academic Institutions
  • Contract Research Organizations
  • Others

Application

  • Drug Discovery
  • Basic Research
  • Predictive Toxicology
  • Others

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

More Trending Reports by Transparency Market Research – 1. https://www.prnewswire.com/news-releases/global-radiation-therapy-market-to-reach-us-8-6-bn-by-2026–product-approvals-to-drive-growth-transparency-market-research-300998453.html

2. https://www.biospace.com/article/opioid-tolerance-treatment-market-alpha2-adrenoceptor-agonists-to-lead-the-product-category/

Latest

Reasons You Should Use Only Genuine Or OEM Auto Parts

To prolong the life of your car, it's important...

Upgrade Your Car with These Affordable Tips to Enjoy That Luxurious Feeling

With constant growth and innovation in the automobile sector,...

IPTV UK: The Latest News And Updates

If you’re looking for the latest news and updates...

Is Khon Kaen In Thailand Suitable For Expat Families With Children?

Are you looking to relocate your family to Thailand...

Newsletter

spot_img

Don't miss

Reasons You Should Use Only Genuine Or OEM Auto Parts

To prolong the life of your car, it's important...

Upgrade Your Car with These Affordable Tips to Enjoy That Luxurious Feeling

With constant growth and innovation in the automobile sector,...

IPTV UK: The Latest News And Updates

If you’re looking for the latest news and updates...

Is Khon Kaen In Thailand Suitable For Expat Families With Children?

Are you looking to relocate your family to Thailand...

Exploit the Best Bitcoin Trading Strategies

Have you ever wondered why few are successful while...
Admin
Adminhttps://dailybn.com/
Dailybn- Owned by | Wahad Butt From Pakistan. Email : annaconda092@gmail.com Hey We are outreach Blogger we will promote your website by premium guest posting service to grow your authority , Why We Are Different? Our blog posting administrations We offer the most serious estimating in the business that isn't just moderate yet additionally powerful.
spot_imgspot_img

Reasons You Should Use Only Genuine Or OEM Auto Parts

To prolong the life of your car, it's important to keep up with regular repairs and maintenance. For your vehicle to last as long...

Upgrade Your Car with These Affordable Tips to Enjoy That Luxurious Feeling

With constant growth and innovation in the automobile sector, it becomes difficult to stick to your budget and let go of that luxurious feeling....

IPTV UK: The Latest News And Updates

If you’re looking for the latest news and updates on IPTV UK, you’ve come to the right place. In this blog post, we will...