Global Cell Viability Assays Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

According to Data Bridge Market Research new Market report, global cell viability assays market will account to reach an estimated USD 2.75 billion in 2018 growing at a CAGR of 8.57% during the forecast period of 2019 to 2026.

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Global Cell Viability Assays Market

Cell viability assay is a method of identifying the ability of cells to recover and maintain viable nature. This method is used in the detection of activities carried out by the different cells, identifying their chemical composition. They are used to detect whether the cells have been exposed to any toxic substances and the effective nature of these cells.

Segmentation: Global Cell Viability Assays Market 

Global cell viability assays market is segmented on the basis of product, application, end-user and geography.

By Product (Consumables, Instruments), Application (Basic Research, Stem Cell Research, Drug Discovery & Development, Clinical & Diagnostic Applications, Other Applications), End-User (Academic & Research Institutes, Pharmaceutical & Biotechnology Companies, Hospital & Diagnostic Laboratories, Other End Users), Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)

FACTORS DRIVING GROWTH IN CELL VIABILITY ASSAYS MARKET

High levels of prevalence of infectious diseases globally

According to WHO’s (World Health Organization) global health estimates there has been a constant high prevalence of infectious and parasitic diseases globally. In 2015, this number was 344,443,025 deaths in terms of DALYs, and this number though suffered a decline in 2016 to 331,709,174 DALYs due to the advancements in treatment & pharmaceutical division along with the testing and containment of these diseases. Although, even with the advancements in healthcare and penetration of the various technologically advanced medicines in the market, the number of deaths caused due to infectious and parasitic diseases is very high. This requires the need for properly diagnosing and testing the diseases present in the human body, and this factor is expected to majorly drive the market growth.

DALY’s can be identified as one year that the individual might have experienced healthily. This measure is used to identify the gap of individuals suffering from a particular disease and an ideal healthy individual.

Key Market Competitors: Global Cell Viability Assays Market

Few of the major competitors currently working in the cell viability assays market are Thermo Fisher Scientific, Merck KGaA, Bio-Rad Laboratories, GE Healthcare, Danaher Corporation, Becton Dickinson & Company, Promega Corporation, Biotium, Abcam plc, Creative Bioarray, Biotek Instruments, PerkinElmer, Bio-Rad Laboratories, BioTek Instruments, Abcam plc, Canvax and Creative Bioarray.

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