Cell-based Assays Global Market Report 2022: Increasing Funding For Cell-Based Research Drives Growth - ResearchAndMarkets.com
The global cell-based assays market is expected to reach USD 33.8 billion by 2030, registering a CAGR of 8.75% over the forecast period. A rise in demand for cell-based assays will drive the market. Cell-based assays effectively aid in acceleration and thereby, enhancement of drug development. This helps therapeutic drugs to be supplied robustly to cater to the industry demand
DUBLIN--(BUSINESS WIRE)--Nov 16, 2022--
The "Cell-based Assays Market Size, Share & Trends Analysis Report by End-use (Pharma & Biotech Companies, CROs), by Products & Service (Reagent, Assay Kits), by Application, by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global cell-based assays market is expected to reach USD 33.8 billion by 2030, registering a CAGR of 8.75% over the forecast period. A rise in demand for cell-based assays will drive the market. Cell-based assays effectively aid in acceleration and thereby, enhancement of drug development. This helps therapeutic drugs to be supplied robustly to cater to the industry demand.
For instance, these are used in lead candidate selection and provide invaluable information about therapeutic action mechanisms, drug efficacy, safety, and toxicity tests. Wide applications of these assays in drug development processes are expected to boost the demand. These assays are integral to the drug development process by adopting several technologies, such as CRISPR-Cas9, to allow easy resolution of mutations, knock-ins & knockouts of a specific marker at a precise location on the genome or a given culture of cells.
