(PharmaNewsWire.Com, August 28, 2017 ) The Middle-East and Africa Cell-Based Assay Market was worth USD 0.74 billion in 2016 and estimated to be growing at a CAGR of 11.02%, to reach USD 1.24 billion by 2021.
Cell Based Assay Market have a broad range of applications in basic research, drug discovery and ADME studies. It have vital role in the pharmaceutical and biotechnology companies, academic institutions, and CROs for these applications. Cell based assays provide precise representation of the real-life model and advantage of a dynamic experiment through monitoring the behaviour of the live cells. Cell based assays are highly used in drug discovery and toxicity testing.
The major driver for this market is the widespread use of cell-based assays in drug discovery processes. Cell based assays market is in an emerging state mainly due to increase in activities like drug discovery, government expenditure and technological advancement. Conversely, high cost associated with the instruments and process, lack of skilled professionals and rigid intellectual property rights are major factors restraining the market growth.
The Middle-East and Africa cell based assay market is segmented on the basis of type of product into Cell Lines, Assay Ready Kits, Cell Culture Kits, Reagents & Consumables and Ligands & Inhibitors. Cell Lines segment is further divided into Primary Cell Lines, Stem Cell Lines and Immortalized Cell Lines. On the basis of technology, market is segregated into Automated Handling, Flow Cytometry, Label-Free Detection, High Content Screening and High Throughput Screening. Based on application market is bifurcated among Drug Discovery and ADME Research. By End User type, segmentation is among Academia, Biotechnology, Pharmaceuticals and CRO.
Based on geography the market is analysed under various countries namely, Middle-East and Africa. Middle-East is leading the market and Africa is estimated to grow at highest CAGR in the forecast period.
The top leaders in cell-based assays market include Thermo Fisher Scientific Inc., Becton, Dickinson and Company, Merck & Co. Inc., Cell Signalling Technology Inc., PerkinElmer Inc., Danaher Corporation, General Electric Company, Cisbio Bioassays, DiscoveRx, Ametek Inc., Bio-Rad Laboratories, Roche Diagnostics, GE Healthcare and Promega Corporation.
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