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The global market for cell-based assays is being driven by the rising incidences of chronic illnesses worldwide. The growing need of more predictive cellular models for the discovery of effective drugs is expected to bolster the demand for cell-based assays in the pharmaceutical sector. In addition, the growing investments by the governments to improve the healthcare infrastructure and the increasing biomedical research are expected to further propel the market growth in the forecast period. The cell-based assays deliver biologically relevant information to predict the reaction of a drug on an organism by evaluating the effects of a compound on cell viability, cell proliferation, or cytotoxicity. The importance of cell-based assays in the drug development process and the utilisation of several technologies like genome-editing tools to enable easy engineering of mutations and simulate natural biological environments are likely to aid the market growth over the forecast period.
The leading market players are making significant efforts to provide improved cell analysis solutions to support life science research and drug discovery, development, and manufacturing. This is leading to increased mergers and acquisitions, helping the companies expand their existing capabilities and widen their reach. For instance, in May 2021, PerkinElmer, Inc. (NYSE: PKI) announced the acquisition of Nexcelom Bioscience, a global leader in automated cell counting instruments and a range of cell reagents, consumables, and fit-for-purpose cell counting methods, to further bolster the company’s preclinical portfolio and advance its QA/QC capabilities. Similarly, in October 2021, another leading vendor of cell-based assays, Abcam (NASDAQ: ABCM), announced the successful acquisition of BioVision, a leading vendor of life science research tools and biochemical and cell-based assay kits, for the expansion of its immunoassay capacity. Such developments are expected to positively impact the market growth of cell-based assays in the forecast period.
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The major players in the global cell-based assays market are Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Lonza Group Ltd., PerkinElmer, Inc., Promega Corporation, and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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