Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 16.3 Billion | USD 26.5 Billion | 12.4% | 2022 |
FrequentlyAsked Questions
Cell-based assays help in determining the proficiency of compounds in a cellular environment. This, in turn, is key in understanding compound behaviors in a biological ecosystem and bringing into line data with a translatable biomarker. Cellular assays can find applications in biomedical activities and drug-discovery testing for proficiently measuring cytotoxicity, biological activities, biochemical machines, and off-target interactions.
The global cell-based assays market is projected to expand over 2023-2030 with pharma & biotech firms and CROs making use of cell-based assays for lead detection and optimization procedures in drug discovery activities.
According to study, the global cell-based assays market size was $16.3 billion in 2022 and is projected to reach $26.5 billion by the end of 2030.
The global cell-based assays market is anticipated to record a CAGR of nearly 12.4% from 2023 to 2030.
The Asia-Pacific cell-based assays industry is set to register the fastest CAGR over the forecasting period subject to swift infrastructural growth and a rise in funding of biotech research activities by public and private sectors.
The global cell-based assays market is led by industry players such as F. Hoffmann-La Roche Ltd. (Roche Holdings AG), BD, Promega Corp., Bio-Rad Laboratories, Inc., Merck KGaA, Corning Inc., Charles River Laboratories, Lonza AG, Danaher Corp., and Thermo Fisher Scientific Inc.
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