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Title Cell Analysis Market worth $33.9 billion | MarketsandMarkets
URL https://www.prnewswire.com/news-releases/cell-analysis-market-worth-33-9-billion--marketsandmarkets-301872662.html
Category Fitness Health --> Health Articles
Meta Keywords Global Cell Analysis Market
Meta Description Global Cell Analysis Market, Cell Analysis Industry, Cell Analysis Market Size, Cell Analysis Market Growth
Owner Healthcare101
Description
Cell Analysis Market in terms of revenue was estimated to be worth $20.2 billion in 2023 and is poised to reach $33.9 billion by 2028, growing at a CAGR of 10.9% from 2023 to 2028 according to a new report by MarketsandMarkets™. Rising preference for cell-based assays in drug discovery serves as one of the key driving factors of the cell analysis market. Pharmaceutical & biotechnology companies and CROs are replacing biochemical assays with cell-based assays for their lead identification and optimization processes in drug discovery. This is attributive to the several advantages over in vitro biochemical assays. They offer consistent tissue-specific responses in a biologically relevant microenvironment as opposed to biochemical assays.