Спонсоры

Cell based Assays Market worth $28.2 Billion

0
3Кб

The global cell based assays market is expected to see robust growth in the coming years, according to new research from MarketsandMarkets. The market, valued at $18.9 billion in 2023, is projected to reach $28.2 billion by 2028, expanding at a compound annual growth rate (CAGR) of 8.4%.

The report cites rising demand for drug discovery and development as a major driver fueling the growth of cell based assays. As researchers use these assays to evaluate drug candidate efficacy and safety early on, they are becoming an indispensable tool to enable efficient, cost-effective preclinical testing and reduce reliance on animal models.

Request for Free Sample Report

In addition, preferences for cell based approaches continue to increase in the pharmaceutical industry. By providing valuable insights into drug behavior at the cellular level, these assays allow developers to screen compounds effectively and eliminate those with poor safety profiles sooner.

Government initiatives are also spurring greater adoption of cell based assays. Growing support and funding for cell-based research globally, combined with regulatory pushes by bodies like the FDA for non-animal alternatives, is compelling greater utilization of these assays across the drug development pipeline.

While instruments and reagents associated with advanced assay applications can be expensive, limiting smaller research settings, the cost- and time- savings associated with early compound screening are strong incentives for biopharmaceutical companies to incorporate these assays. Opportunities in emerging markets will further propel growth - rising pharmaceutical investments in countries like China and India along with favorable policy environments for cell based assay researchers are attracting more activity in the Asia Pacific region, which MarketsandMarkets suggests could register the highest CAGR over the forecast period.

Among end users, contract research organizations (CROs) are anticipated to adopt cell based assays at the swiftest pace. Their central role in outsourced pharmaceutical R&D aligns neatly with cell assay needs at multiple stages of development. Savvy biopharma companies are leaning more heavily on the expertise, efficiency, and purpose-built infrastructure CROs offer for these assays.

From a product and service perspective, the report shows consumables as the largest and fastest growing segment of the cell based assays market. As assays expand in usage across biomedical research and drug development realms, demand spikes for recurring reagent, kit, cell line, microplate and label purchases. Still, growth opportunities exist across lab instrumentation, software, and service segments too.

Request for Free Sample Report

While designing complex cell based assays can prove challenging, the overarching demand trends point to accelerating utilization of these assays to support 21st century drug development. With contemporary pressures to demonstrate safety and mechanism of action for new molecular entities early and efficiently, cell assays allow researchers to predict compound viability better before committing to lengthy clinical studies.

Backed by steadfast biopharma R&D expenditures globally, along with an influx of enabling assay automation and detection tools, the cell based assays market appears primed for nearly decade-long profitable expansion. Strategic players in reagent manufacturing, instrument development, CRO services and software analytics stand to capitalize on this burgeoning domain.

Top 10 Companies in the Tissue Diagnostics Market
Top 10 Companies in Human Capital Management Market
Top 10 Companies Leading the Patient Engagement Solutions Market
Top 10 Companies in the Blood Collection Devices Market

Спонсоры
Спонсоры
Поиск
Спонсоры
Категории
Больше
Music
Resume Writing Services Market to Witness Rise in Revenues By 2033
According to Regional Research Reports, the Global Resume Writing Services...
От Harshsingh 2024-05-24 10:32:18 0 4Кб
Networking
Data Fabric Market: A Look at the Industry's Growth and Future Prospects
The Global Data Fabric Market Research Report published by Emergen Research is furnished with the...
От Jannashar 2023-04-18 13:10:38 0 8Кб
Другое
Urethane Adhesives Market Revenue To Register Robust Growth Rate During 2033
According to the Regional Research Reports, the Global Urethane Adhesives Market size...
От Harshsingh 2024-06-08 09:50:18 0 3Кб
Networking
Connecting with Audiences: The Role of Authenticity in Modern Branding
In the current digital era, brand authenticity has emerged as a cornerstone of successful...
От James287 2025-08-26 12:20:24 0 624
Другое
Angiography Catheter Market, will Record Massive Growth Projected to reach USD Billion with a significant CAGR by Fact MR
  The global angiography catheter market size is projected to be valued at US$ 1.57 billion...
От akshaygorde 2024-06-05 14:03:52 0 4Кб
Спонсоры
TikTikTalk https://tiktiktalk.com