The cell viability assays market is likely to grow at a 9.2% CAGR between, reveals the new Market Research Future (MRFR) report. Cell viability assay, simply put, is a technique used to determine viable cells in the culture. Stem cell research, drug discovery and development, clinical and diagnostic applications, and others are the key cell viability assay applications.
Numerous factors are adding to the cell viability assays market growth. Such factors, as revealed by the latest MRFR report, include increasing emphasis on timely disease diagnosis, growing need for cell-based assays in RD, availability of funds for cell-based research, and rising focus to develop cell-based therapeutics. Besides, the rising prevalence of infectious and chronic ailments is also adding market growth.
On the contrary, the high cost of instruments and lack of professionals to run such instruments are factors that may limit the cell viability assays market growth over the forecast period.
The Market Research Future Report provides an inclusive segmental analysis of the cell viability assays market based on products, end user, cell type, and applications.
By application, the cell viability assays market is segmented into stem cell research, drug discovery and development, clinical and diagnostic applications, and others. Of these, the drug discovery and development segment will lead the market over the forecast period.
By cell type, the cell viability assays market is segmented into microbial cells, human cells, and animal cells. Of these, human cells will dominate the market over the forecast period.
Based on end users, the cell viability assays market is segmented into academic and research institutes, hospital and diagnostic laboratories, pharmaceutical and biotechnology companies, and others. Of these, pharmaceutical and biotechnology companies will have a major share in the market over the forecast period.
By products, the cell viability assays market is segmented into instruments and consumables. Consumables are again segmented into reagents, microplates, and assay kits. Assay kits are again segmented into tetrazolium reduction assay kits, resazurin cell viability assays kits, calcein-am cell viability assays kits, and others. Tetrazolium assay kits are again segmented into MTT assay kits other tetrazolium assay kits. Instruments are again segmented into spectrophotometers, flow cytometers, cell imaging and analysis systems, and automated cell counters.
The regional segmentation of the global cell manufacturing has segmented the global market into regional markets known as the Asia Pacific, The Americas (North America South America), Europe, and the Middle East Africa (MEA). During the forecast period, North America has been estimated to hold the largest market share in the global market. In this region, the market has been anticipated to grow due to technological advancement, the presence of many key market players, the high purchasing power of consumers, and more and more people owning cell viability assays. The relevant country-specific markets in this region are USA, Canada, and Mexico. Due to technological advancement, medical facilities, and purchasing power of people being lower than North America, South America is a comparatively smaller regional market. The two strongest economies that have the potential to emerge as suitable markets are Argentina and Brazil.
During the forecast period, Europe is expected to hold the second largest position in the global market. The market growth in this region has been attributed to the increasing healthcare expenditure, the presence of many key market players, and the growing prevalence of chronic ailments. Due to the reasons same as the Americas, Western Europe is a bigger market than Eastern Europe. In Europe, the major country-specific markets are France, Germany, Italy, Spain, and the UK, followed by the remaining countries of Western Europe and Eastern Europe.
During the forecast period, the market in Asia Pacific region is expected to emerge as the fastest-growing during the assessment period due to a rising number of genomics, proteomics, and stem cell research activities. Increased funding in the research activities by pharmaceutical biotechnology companies is also boosting the market growth. In this region, the most important country-specific markets are Australia, China, India, Japan, and South Korea, followed by the remaining countries of the Asia Pacific region.
The MEA region holds the smallest market share in the global market. In this region, the market is small and limited due to poor countries, lack of awareness, lack of advanced medical facilities, low standard of medical facilities, lack of education, lack of healthcare facilities, and most governments not considering healthcare a priority.
The key players in the cell viability assays market include Abcam PLC (UK), Becton Dickinson and Company (USA), Biotek Instruments (USA), Bio-Rad Laboratories (USA), Biotium (USA), Creative Bioarray (USA), Danaher Corporation (USA), GE Healthcare (USA), Merck KGaA (Germany), PerkinElmer (USA), Promega Corporation (USA), and Thermo Fisher Scientific (USA).
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