CELL-BASED ASSAY MARKET ANALYSIS
North America is expected to dominate cell-based assay market due to growing pharmaceutical sector in region
Regional segmentation of cell-based assay market by Coherent Market Insights includes North America, Latin America, Europe, Asia Pacific, Middle East and Africa. North America is expected to hold a dominant position in the cell-based assay market due to rapid growth of pharmaceutical and biotechnology manufacturing sector. According to a study published in International Trade Administration in 2016, U.S. is a major hub for drug manufacturing and the market is expected to grow drastically in future which is expected to fuel cell-based assay market in North America. Asia pacific is expected to follow North America market in upcoming period of time due to increase in pharmaceutical and biotechnological sector in China and India which will increase the demand for cell-based assay and fuel its market in forecast period.
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