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The cell-based assay market will reach $6.9bn in 2020, a new study predicts

A new report by DART forecasts the world cell-based assay market will reach $6.9bn in 2020. That revenue prediction and others appear in Cell-Based Assays World Industry and Market Prospects 2016-2026: Products, Services, Drug Discovery, ADME, Basic Research, Organoids, Embryonic Stem Cells (ESCs), Induced Pluripotent Stem Cells (iPSCs), High-Throughput Screening (HTS) published in August 2016. DART is a business information publisher and consultancy in London, UK.

The analysis predicts the global cell-based assays market will continue to grow at a CAGR of 12.4% from 2015-2020, driven by the products and drug discovery segments. In 2015, drug discovery will be the leading market application of cell-based assays with revenues of $2.5bn. Drug discovery will remain as the leading market application throughout the coming decade.

Demand for the market will be fuelled by requirements within the pharmaceutical industry to reduce the failure rates of clinical trials dedicated to finding new therapeutic compounds. Such trials are limited by the effectiveness of the assays available for investigation of new drugs. This is where the latest cell-based assay technology, covered in this report, will excel over the next 10 years.

Shruti Tayal, a pharmaceutical and healthcare industry analyst in DART, said:
“The cell-based assays market will attain a strong growth throughout the forecast period due to the increasing prominence of the new technologies. The rise of the cell-based assay industry will provide many opportunities for companies to enter that market, as product developers, suppliers or contract research organisations, as well as benefiting existing companies providing those cellular testing systems for medicine. The high rate of drug failure in clinical trials has led to the growing demand for the cell-based assays. The use of live cells for the assays have advantage over traditional animal based methods in drug development and diagnostics. However, the cost for performing these assays are very high, the pharmaceutical companies are looking to outsource the work to CROs or specialised cell-based assays companies in emerging countries like India and China. Advanced Cell-Based Assays, which utilise 3D cellular environments, are the latest development within the industry. These latest developments will create new opportunities in applications, services and products.”

This report investigates commercial trends and revenues of the cell-based assay market from 2016 to 2026, as well as including data from 2015. This report discusses sales potentials of:

• The market is divided into two key ways:
- By services and products
- By application:
  • Drug discovery
  • ADME (absorption, distribution, metabolism and excretion)
  • Basic research

• 11 leading individual national markets including:
- US
- Japan
- EU5 (Germany, France, UK, Italy and Spain)
- BRIC (Brazil, Russia, India and China)

This report qualitatively discusses:

• 11 leading cell-based assay product suppliers including:
- ThermoFisher Scientific
- DiscoveRx
- GE Healthcare
- Promega

• 9 leading cell-based assay service providers including:
- Fluofarma
- Cell Assay Innovations (CAI)
- ProQinase

• The future trends and outlooks in the cell-based assay market including:
- Organoid technology
- 3D bioprinting
- Microfluidics
- Label-free systems
- Induced pluripotent stem cells (IPSCs)

• Strengths, weaknesses, opportunities and threats of the global cell-based assay market

Copyright © DART Markets. All rights reserved.

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