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According to the report, the global cell-based assay market garnered $3,625 million in 2016 and is projected to accrue a sum of $10,618 million by 2023, growing at a CAGR of 16.5% from 2017 to 2023.<br><br>
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Cell-based Assay Market Expected to Reach $10,617 Million by 2023
Introduction • The global cell-based assay market was valued at $3,625 million in 2016, and is projected to reach $10,618 million by 2023, growing at a CAGR of 16.5% from 2017 to 2023. • The consumables product segment accounted for nearly three-fifths share of the market in 2016. • The major factors that drive the global cell-based assay market are rise in technological advancements in cell-based assays, growth in availability of funds & investment for research, and increase in drug discovery programs globally. • The drug discovery application segment is anticipated to dominate the global cell-based assay market, and it accounted for over one-third of the total share in 2016.
Key Findings of theMarket • The services product segment is anticipated to grow at the highest CAGR from 2017 to 2023. • The predictive toxicology application segment is expected to witness the highest growth rate. • The pharmaceutical companies segment generated the highest revenue in 2016, and is expected to continue its dominance in the future as well. • North America dominated the global cell-based assay market, and is projected to grow at a CAGR of 16.2%.
The study provides an in-depth analysis of the global cell-based assay market, with current trends and future estimations to elucidate the imminent investment pockets. • A quantitative analysis from 2016 to 2023 to enable the stakeholders to capitalize on the prevailing market opportunities is discussed. • Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the market. • Porters Five Forces model interprets the bargaining power of suppliers & buyers, threat of new entrants & substitutes, and competition among the key players. Key Benefits Get Access to TOC / Sample Report @ https://www.alliedmarketresearch.com/request-sample/4425
By Product • Consumable • Cell Lines • Other Consumables • Instrument • Service • Software • By Application • Drug Discovery • Basic Research • ADME Studies • Predictive Toxicology • Others • By End User • Pharmaceutical & Biotechnology Companies • Academic & Government Research Institutes • Contract Research Organizations • Others • By Geography • North America • Europe • Asia-Pacific • LAMEA MarketSegmentation
Key Players of theMarket • Becton, • Dickinson and Company, • Danaher Corporation, • ThermoFisher Scientific, Inc., • General Electric Company, • Merck KGaA, • Others For purchase enquiry, visit @https://www.alliedmarketresearch.com/purchase-enquiry/4425
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