The cell-based assays market is projected to reach USD 22.0 billion by 2025 from USD 14.9 billion in 2020, at a CAGR of 8.1% during the forecast period. The growth of this market is mainly driven by growing preference for cell-based assays in drug discovery, increasing funding for cell-based research, and growth in the number of drug discovery activities.
The prominent players operating in the cell-based assays market are Danaher Corporation (US), Thermo Fisher Scientific (US), Merck KGaA (Germany).
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Danaher was the leading player in the cell-based assays market in 2019. The company offers a wide range of instruments and consumables used in cell-based assays. The company focuses on product launches to leverage growth opportunities in the cell-based assays market. Some recent launches include ImageXpress Micro Confocal High-Content Imaging System (2020), FLIPR Penta High-Throughput Cellular Screening System (2019), SpectraMax ABS and ABS Plus Microplate Readers (2018), and ImageXpress Pico Automated Cell Imaging System (2018). The company’s strong presence and wide distribution channels across the globe also have helped it to maintain a leading position in the market.
Thermo Fisher Scientific is the second-largest player in this market with a share of 14–15% in 2019. Its strong market position can be attributed to its established brands such as Invitrogen, EVOS, CellInsight, and a robust product portfolio for the cell-based assays market. To maintain its position in the cell-based assays market, the company adopts organic and inorganic growth strategies such as product launches, agreements, and acquisitions. In 2020, Thermo Fisher Scientific acquired Phitonex (US), a spectral dye platform manufacturer that enabled Thermo Fisher to offer greater flow cytometry and imaging multiplexing capabilities in protein and cell analysis research.
Cell-based Assays Market by Product & Service (Reagents, Microplate, Cell Lines, Assay Kits, Instrument & Software, Services), Application (Drug Discovery, Research), End User (CROs, Pharmaceutical Companies, Research Institutes) - Global Forecast to 2025
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