Cell Viability Assays Market Size, Share, Growth Analysis, By Product (Consumables, Instruments), By Application (Basic Research, Stem Cell Research), By End Users, By Region - Industry Forecast 2024-2031

Global Cell Viability Assays Market size was valued at USD 1.38 Billion in 2022 and is poised to grow from USD 1.52 Billion in 2023 to USD 3.24 Billion by 2031, growing at a CAGR of 9.94% in the forecast period (2024-2031).

The cell viability assays market is growing as prominent players are developing advanced assays technologies like novel reagents, assay kits, and platforms. This includes creating more physiologically applicable cell models to enhance assay sensitivity and improve automation and data analysis abilities. Organizations are also extending their product line to fulfill the requirement of a vast range of applications. These consist of providing assays customized for specific targets, pathways, and disease models. It can also help in creating specialized kits for toxicity testing and drug screening. Manufacturers are also offering customized assay development services and are working with clients to tailor assays to their specific research needs, boosting market growth. 'F. Hoffmann-La Roche AG ', 'Danaher Corporation ', 'Lonza Group AG ', 'Promega Corporation ', 'Charles River Laboratories International, Inc. ', 'Menarini Silicon Biosystems, Inc. ', 'Becton, Dickinson and Company ', 'Bio-Rad Laboratories, Inc. ', 'Macrogen Inc ', 'DiscoverX Corporation ', 'Corning Inc. ', 'Merck KGaA ', 'Thermo Fisher Scientific Inc. ', 'Perkinelmer, Inc. ', 'Biognosys ', 'Cell Signaling Technology, Inc. ', 'Lebermuth, Inc. ', 'Eurofins DiscoverX Products ', 'AAT Bioquest, Inc. ', 'GE Healthcare ', 'Beckman Coulter,Inc.'

Manufacturers are constantly investing in research and development for introducing new drugs to treat various conditions in patients. The pharmaceutical and biotechnology sectors are immensely dependent on cell viability assays for drug discovery, toxicity testing, and efficiency evaluation. The development in these sectors is constantly boosting demand for advanced assays.

Increasing Technological Development: Continuous innovations in the characteristics of the cell viability assays are propelling market growth. Manufacturers are now incorporating cell viability assays with other emerging technologies, like artificial intelligence (AI) and machine learning. This is immensely improving data analysis, interpretation, and overall, the performance of assay. These advancements are also further progressing the growth of cello viability assays market.

North America is dominating the cell viability assays market with maximum market revenue. This dramatic surge in the market is mainly due to increasing incidences of chronic diseases like cancer, cardiovascular, diabetes, neurological disorders, osteoarthritis, diabetes and others. Furthermore, factors like advanced medical structures and the presence of prominent market players are also fueling the growth of the market. Many companies are also investing increasingly in R&D, which is positively influencing market growth. Increasing adoption of cell-based assays is also boosting the demand for cell-based assays for newer drug discoveries, making it a vital factor for the growth of the market in the region. Moreover, many market players are emphasizing on partnerships or strategic collaborations for the advancement of cell-based assays in the region.