Overview of Cell-Based Assays Market Growth According to MarketsandMarkets
Wednesday, 11 September 2024, 07:29
Market Growth Prediction
The cell-based assays market is witnessing remarkable growth, with projections showing an increase from USD 17.3 billion in 2024 to USD 24.3 billion by 2029. This represents a robust CAGR of 7.1%.
Driving Factors
- Rising Demand: The growing need for personalized medicine is a key driver.
- Technological Advancements: Innovations in biotechnology are enhancing assay efficacy.
- Increased investments in drug development.
Conclusion: Significant Market Trends
Overall, the cell-based assays market is expected to experience sustained growth, attributing to the rising biopharmaceutical sector and an increased focus on effective therapeutic solutions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.