Dallas, TX -- (ReleaseWire) -- 06/16/2014 -- The cell-based assays market is rapidly evolving with a large number of developments taking place to increase accuracy and speed, and reduce costs of drug. The global cell-based assays market is growing at a CAGR of 11.1% from 2013 to 2018 and poised to reach $14.8 billion by 2018. The global cell based assay market is segmented on the basis of products, applications, end users and geography.
The cell-based assays market will witness a double-digit growth attributed to the increase in range of applications. Advantages over biochemical assays and animal models, government initiatives and public-private partnerships, and rising number of drug discovery practices are significant factors propelling the market in the forecast period. On the other hand, high cost of instruments, and maintenance of cell lines are the factors that hinder the market.
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This research report categorizes and analyzes the global Cell-Based Assay Market on the basis of products, applications, end-users and geography in the cell-based assay market. All these markets are further divided into segments and sub-segments, to provide exhaustive value analysis for the years 2011, 2011, 2013, and forecast to 2018. Based on the cell-based assay product type, consumables (assay kits, reagents, microplates, cell lines), detection and screening instruments, automation and high throughput screening instruments, software and services form the overall cell-based assay market. Under applications market for cell-based assay drug discovery, ADME studies, predictive toxicology and basic research are covered. The end-users market covers academic and government institutions, pharmaceutical and biotechnology companies, and contract research organizations.
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North America accounted for the largest market share of the cell-based assay market, followed by Europe, in 2013. However, Asia presents significant opportunities for investors as the developed markets get saturated.
The major players included in this report are BD Biosciences (U.S.) , Danaher Corporation (U.S.), DiscoveRx (U.S.), EMD Millipore (Germany), GE Healthcare (U.K.), Life Technologies Corporation (U.S.), PerkinElmer (U.S.), and Promega Corporation (U.S.).
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