Global cell proliferation kits market is expected to grow at a significant CAGR of 7.75% in
the upcoming period as the scope and its applications are rising enormously
across the globe. Cell proliferation kits are the assay based test solutions
and valuable tools for the quantitative appraisal of a cell population's reply
to exterior factors that affect cell growth and viability. These are ideal for
high-throughput screening, require no washes, long incubation, extractions, or
growth medium changes, and do not rely on the metabolic status of the cell.
The factors that are
playing a major role in the growth of the market are the rising government
initiative to promote the use of cell proliferation kits, growing awareness
regarding the cell-based assays, developing R&D sectors with modern
technology, and the rising acceptance of toxicology testing in the food
industry. However, strict regulatory policies may restrain overall market
growth in the years to come. Cell proliferation kits market is segmented based
on type, application, end-user, and region.
A fluorescent detection
method, colorimetric detection method, and other types could be explored in
cell proliferation kits in the forecast period. The colorimetric detection
sector accounted for the substantial market share of cell proliferation kits
and is estimated to lead the overall market in the years to come. The reason
could be the growing acceptance from the end-users. The market may be
categorized based on applications like stem cell research, clinical, industrial
& applied science, and others could be explored in the forecast period.
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Academic institutes and research laboratories,
pharmaceutical and biotechnology companies, and other end-users could be
explored in cell proliferation kits in the forecast period. The pharmaceutical
and biotechnology companies sector accounted for the substantial market share
of cell proliferation kits and is estimated to lead the overall market in the
years to come. The reason could be the high demand kits from manufacturers to
screen products like vaccines and drugs.
Globally, North America accounted for the
substantial market share of cell proliferation kits and is estimated to lead
the overall market in the years to come. The reason behind the overall market
growth could be the availability of effective diagnostic procedures, the
presence of key manufacturers in the region, and the growing preference for
personalized and preventive healthcare. The United States and Canada are the
major consumers of cell proliferation kits in this region.
Europe and the Asia Pacific are also estimated
to have a positive influence on future growth. Europe is the second largest
region with significant market share. However, Asia Pacific is estimated to
grow at the highest CAGR in the forecast period. The aspects that may be
ascribed to the growth comprise the rising investments by the major
manufacturers in the region. The developing countries like India and China are
the major consumers of cell proliferation kits in this region.
The key players of cell proliferation kits
market are Thermo Fisher Scientific, Bio-Rad Laboratories, PerkinElmer, F.
Hoffmann-La Roche, Merck, and GENERAL ELECTRIC. These players are concentrating
on inorganic growth to sustain themselves amidst fierce competition.
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