May 06, 2019
WELLESLEY, Mass., May 6, 2019–A growing number of potential biomarker candidates for cell-based assays and the growing prevalence of infectious and chronic diseases is helping to boost the cell viability assays and consumables market, according to a report by BCC Research, “Cell Viability Assays and Consumables: Global Markets.”
The market expects to see a compound annual growth rate (CAGR) of 8.3% through 2023, when it could be worth $4.1 billion.
“A surge in the number of potential biomarkers candidates for cell-based assays, growing incidence of infectious and chronic diseases and increasing focus on developing cell-based therapeutics are some of the major factors that are expected to promote the growth of global cell viability assays market,” notes report author Vijay Laxmi. “In addition, factors such as increasing healthcare expenditures and the global aging population are also providing traction for the global cell viability assays market growth.”
Market Players Must Navigate Complicated Regulatory Frameworks
Regulations play an important role in the market and when introducing a new product, companies must fulfil the minimum standards set by the medical device regulating authority in the country they plan to sell the product. The lack of common industry standards, however, means a product certified in one country may not be fit for certification in another. A number of international organizations, such as the World Health Organization, have advocated for common international standards, but in the meantime, market players will need to heed individual country standards.
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Cell Viability Assays and Consumables: Global Markets( BIO181A )
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