Hyderabad, India -- (SBWire) -- 02/09/2018 --The report "Cell Based Assay Market, by Type of Product (Cell Lines (Primary Cell Lines, Stem Cell Lines and Immortalized Cell Lines), Assay Ready Kits, Cell Culture Kits, Reagents & Consumables and Ligands & Inhibitors), by Technology (Automated Handling, Flow Cytometry, Label-Free Detection, High Content Screening and High Throughput Screening), by Application (Drug Discovery and ADME Research), by End Users (Academia, Biotechnology, Pharmaceuticals and CRO)-Forecast to 2021", The Global Cell Based Assay Market was worth USD 10.5 billion of every 2016 and assessed to develop at a CAGR of 11.2%, to achieve USD 17.85 billion by 2021. Cell based assays are significantly utilized by biotechnology organizations, scholastic research foundations, contract investigation associations, government establishments, pharmaceutical organizations, and others.
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By products, the consumables segment accounted for the largest share of the market in 2017
On the basis of products, the Cell Based Assay Market has been segmented into Type of Product Cell Lines (Primary Cell Lines, Stem Cell Lines and Immortalized Cell Lines), Assay Ready Kits, Cell Culture Kits, Reagents & Consumables, and Ligands & Inhibitors. The consumables segment is expected to grow at the highest rate during the forecast period. This is attributed to the effective and innovative products developed and launched by various players in the market. Such products are encouraging acceptance from consumers.
By technology, the Automated Handling segment accounted for the largest share of the market in 2017
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On the basis of technology, the Cell Based Assay Market has been segmented into Automated Handling, Flow Cytometry, Label-Free Detection, High Content Screening and High Throughput Screening. The automated handling grabs the largest market.
By application
On the basis of application, the Cell Based Assay Market has been segmented into Drug Discovery and ADME Research. A lot of money is being pumped into this sector in the hope for new cures that are affordable and efficient quality.
By End Users
The Global Cell Based Assay Market is differentiated into Academia, Biotechnology, Pharmaceuticals and CRO in this segment. The main motive behind this market is to strengthen the quality of the product and exploring the possible applications in this.
North America dominated the market share
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North America held the majority market share in the worldwide cell-based assay market in 2016. Be that as it may, Asia-Pacific has market potential for development of cell-based assays, attributable to increment in mindfulness about these assays for medicate revelation, ascend in cell-based assay applications, and others. This area is foreseen to encounter quick paced development, as far as advancement and utilization of cell-based assays.
The top leaders in cell-based assays market include PerkinElmer Inc, Becton Dickinson and Company, Cell Signalling Technology Inc, Roche Diagnostics, Thermo Fisher Scientific Inc, Danaher Corporation, Merck & Co Inc, Cisbio Bioassays, DiscoveRx, Ametek Inc, Promega Corporation, Bio-Rad Laboratories, and GE Healthcare.
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