As per the projections of the TMR report, the demand in the global
cell based assays market will expand at a healthy CAGR of 7.7% during
the forecast period of 2017 to 2022. The revenue in the market for
cell based assays, across the world, is estimated to be worth
US$19,710.7 mn by 2022, substantially up from its evaluated valuation
of US$13,576.7 mn in 2017. In the near future, most of the leading
companies of this market are expected to invest on research and
development in order to stay ahead of the curve. They are also
expected to focus on emerging economies in Asia Pacific to gain
market shares as well as indulge in collaborations and mergers.
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The growing prevalence of chronic diseases such as cancer, arthritis,
cardiovascular, diabetes, and epilepsy, increased availability of
funding for research along with government support, incrementing
preference for cell-based assays, and increasing drug discovery
activity are some of the key factors augmenting the demand in the
global cell based assays market. Cell based assays can be of various
types, ranging from cytotoxic assays to cell proliferation, and are
used to check drug stability, drug potency, and drug purification, as
well as in production support.
Cell based assays are primarily used by companies operating in the
fields of pharmaceutical and biotechnology and has numerous
possibilities for the future, promising to revolutionize the
therapeutics of life-threatening diseases such as cancer and
immunology. The global cell based assays market is also gaining
traction from the emergence of novel technologies in science and
medicine. For example, Symcel, the company who developed calScreener
- a cell based assay tool for real-time cellular bioenergetic
measurements, recently associated with Colzyx, working together on a
goal to identify and test 25 different new collagen VI derived
antimicrobial peptides. These recently discovered peptides are first
of its kind and may be able to kill bacterial growth in different
ways.
Growing adoption of cell assay based high-throughput screening
methods of drug compound screening, replacement of in vivo toxicity
testing by in vitro testing methods, and emergence of new branches in
bio-science such as synthetic biology, which depends on accurate cell
testing, are some of the other factors that will ensure a healthy
future growth of the cell based assay market. On the other hand, high
cost of instruments and restrictions pertaining to the usage of
reagents are challenging the cell based assays market from attaining
its true potential.
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Based on product-type, the global cell based assays market gains
maximum demand for reagents and consumables, a segment that
constituted 32.1% of the total demand in 2017 and produced a revenue
of US$4,356.6 mn the same year. The demand for reagents and
consumables segment of the cell based assays market has been
anticipated to increment at a CAGR of 7.5% during the forecast period
of 2017 to 2022. Geographically, the TMR report picks out North
America as the most lucrative region, which is projected to exhibit
an above-average CAGR of 7.5% during the said forecast period. North
America cell based assays market is estimated to be worth US$7,672.5
mn by 2022.
A fresh study by Transparency Market Research (TMR) has observed that
the global cell based assays market is divided among a large number
of players, and the fragmented scenario will sustain in the near
future too as more and more pharmaceutical and biotechnology
companies make a foray in this developing market with their financial
might. Having said that, a few companies do hold stronger position
than the rest in the global cell based assays market, such as GE
Healthcare Inc., Lonza Group Ltd., Danaher Corporation, Becton,
Dickinson and Company, Charles River Laboratories, Thermo fisher
Scientific Inc., Merck & Co Company, Cell Signaling Technology,
Inc., PerkinElmer Inc., Promega Corporation, Marin Biologic
Laboratories, Essen BioScience Inc., Cell Biologics Inc., BioAgilytix
Labs., Enzo Life Sciences, Inc., Aurelia Bioscience Ltd., Selexis SA,
and QGel SA.
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