Cell-based Assay Market

Thermo Fisher Scientific, Inc. (US) and Danaher Corporation (Beckman Coulter, Inc.) (US) are the Leading Player in the Cell-based Assay Market

The cell-based assays market is expected to reach USD 18.9 billion by 2024 from USD 13.9 billion in 2019, at a CAGR of 6.3%. Growth in this market is mainly driven by the increasing drug discovery activities, and rise in R&D investment by pharmaceutical and biotechnology companies. However, the high cost of cell-based assay instruments is a major restraint for this market, particularly in emerging countries.

The cell-based assays  market is highly fragmented in nature, with a few players offering a variety of products. The major players operating in this market Thermo Fisher Scientific, Inc. (US), Danaher Corporation (Beckman Coulter, Inc.) (US), Becton, Dickinson and Company (US), GE Healthcare (US), Merck KGaA (Germany), Lonza Group (Switzerland), PerkinElmer, Inc. (US), Charles River Laboratories, Inc. (US), Cell Signaling Technologies (US), Cisbio (US), Cell Biolabs, Inc. (US), and Promega Corporation (US). The key growth strategies followed by most companies in the cell-based assays market are expansions, product launches, collaborations and acquisitions. Product launches and expansion strategies accounted for the largest share of the overall growth strategies mapped from 2015 to 2018.

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Thermo Fisher Scientific is the leading player in the cell-based assays market. The company offers a range of assay kits and cell lines used in cell-based assays. The company‘s large share in this market can be attributed to its extensive product portfolio and strong sales & distribution network. Thermo Fisher focuses on developed and emerging markets in order to generate a significant amount of its revenue. The company registered 57.7% of its total revenue from the US and China together. In order to maintain its leading position in the market, the company also invests 3–5% of its total revenue on R&D.

Danaher (Beckman Coulter) is another leading player in the cell-based assays market. The company offers a wide range of instruments and consumables used in cell-based assays. The company focuses on launching new products in the market. For instance, in 2019, the company launched its ClearLLab 10C System for clinical flow cytometry labs. The new system includes the first 10-color CE-IVD panels of immunophenotyping reagents for both lymphoid and myeloid lineages. The tubes utilize the DURA Innovations dry reagent technology for panels, which requires no refrigeration. The company’s strong presence and wide distribution channels across the globe have helped it to maintain a leading position in the market. Approximately 39.3% of the company’s revenue was generated from North America in 2017. The company focuses on organic and inorganic strategies to strengthen its position in the market.

Related Reports:

Cell-based Assay Market by Product (Reagents, Microplates, Cell Lines, Assay Kits, Instruments, Services), Application (Drug Discovery, Research), End User (CROs, Biopharma Companies, Research Institutes), Geography - Global Forecast to 2024

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Report Code
BT 2486
RI Published ON
3/29/2019
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