Cell-Based Assays Market Growth Forecast from 2024 to 2029
Wednesday, 11 September 2024, 07:43
Overview of the Cell-Based Assays Market
The cell-based assays market is projected to witness substantial growth in the upcoming years. In 2024, the market size is estimated at USD 17.3 billion, with expectations to soar to USD 24.3 billion by 2029.
Market Growth Drivers
- Increasing demand for drug development and toxicity screening
- Advancements in assays technology
- Proliferation of research initiatives in pharmaceutical sectors
Key Trends Impacting the Market
- Rising investments in biotech and pharmaceuticals
- Focus on personalized medicine innovations
- Integration of automation in cellular analysis
This trajectory showcases a compound annual growth rate (CAGR) of 7.1%, indicating a promising future for cell-based assays in health and research.
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.