- Cell-based assays proving first choice for drug compound screening using proteomics and genomics applications
- Abundance of proteins with unknown functions will drive future growth
- Other applications include: Diagnostics, genetics, toxicology, molecular biology, biochemistry and neuroscience
LONDON--(BUSINESS WIRE)-- The global market for cell-based assays is forecast to reach $1.6 billion by the 2017; growth driven by interest in drug discovery technology, toxicity screening, developments within the screening industry, and an increasing number of target molecules, according to a new report on companiesandmarkets.com.
Cell-Based Assays: A Global Strategic Business Report
The US market for cell-based assays is the biggest, followed by Europe, which is expected to grow at a rate of 12% a year to 2017.
Pharmaceutical and biotech companies are trying to improve efficiencies and reduce costs associated with drug discovery. Many are turning to cell-based assays as an alternative to biochemical assays and in-vitro testing, as they can be used for multiple applications, such as identification and validation of targets, screening for efficacy and safety, and monitoring of cell-based activity – all with a guarantee of highly accurate data.
Another factor contributing to the rapid growth of the cell-based assay market includes the trend to use automated systems and high throughput screening (HTS) processes, which identify molecules with strong potential for successful drug development. Around half of all assays are used in primary HTS processes, which use cell lines which have been transformed or immortalized to enhance screening.
The cell-based assay market report contains profiles of 73 key companies, such as Thermo Fisher Scientific Inc; Agilent Technologies Inc; ProQinase GmbH; Invitrogen Corporation; Promega Corporation; Beckman Coulter Inc; BD Biosciences; BioVision Inc; PerkinElmer Inc; Hoffmann-La Roche Ltd; Cisbio Bioassays; Millipore Corporation; DiscoveRx Corporation; Caliper Life Sciences Inc, and GE Healthcare Life Sciences.
The 507 page report includes extensive analysis of the cell-based assay market, including historic and forecast data between 2003-2017, split by geographic markets - Europe, Japan, the US and Rest of World. The US market is reviewed in detail, specifically focusing on Assay Kits (including Cell Death-Associated Assays, Cell Growth-Associated Assays and Functional Assays), as well as Laboratory Automation. Overall analysis of market activities, trends, new technologies and other influencing market factors are also included.
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KEYWORDS: United Kingdom Europe
INDUSTRY KEYWORDS: Stem Cells Health Biotechnology Genetics Pharmaceutical