High Throughput Screening Market Worldwide Analysis, Financial Overview, Research Methodology & Forecast 2027
Research Reports
Apr 19, 2022
High Throughput Screening Market Overview:
The high throughput screening (HTS) market is getting traction from the pharmaceutical sector as the need for developing new drugs is pushing them to their limits. The pharmaceutical industry is now opting for innovative ways that can simplify the process of drug discovery. It examines right from the drug designs to drug trails and incorporates a detailed study regarding drug interactions by having control over software, devices, and detectors. It further identifies genetic interactions, active compounds, and other biomolecular interactions and delivers the best results.
The global high throughput screening market is expecting high growth owing to its widespread impact in the pharmaceutical sector. Its ability to read metabolic, pharmacokinetic, and toxicological data of components for new drugs can be a decisive factor for the market in the coming years, reveals Market Research Future (MRFR). Among the others, automation of liquid handling, the creation of novel technological platforms, and the development of analytical tools are expected to smoothen the path of progress for the high throughput screening market. At the same time, the competition between pharmaceutical companies is boosting investment in the sector owing to which high throughput screening market can thrive.
Despite the benefits, high cost needed for the initial set up and maintenance can be a decisive market irritant. In addition, lack of deft hands in operating such advanced technologies and simultaneous managing of data can also prevent the high throughput screening market growth during the forecast period.
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High Throughput Screening Market – Segments
The MRFR analysis is segmented into four key dynamics for the convenience of understanding.
- By Product Type: Software, Instruments, and Consumables among others.
- By Application: Target Identification, Primary Screening, Toxicology, and Stem Cell Biology, among others.
- By End-user: Hospitals, Clinics, Pharmaceutical Companies/ Manufacturers, Government Organizations, and Research Facilities among others.
- By Region: North America, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW).
The subsegment Instruments by product types is expected to witness significant growth in demand due to its increasing use in drug discovery processes, superior performance, and reduced system cost.
Owing to the extensive use of the HTS technology in pharmaceutical and biotechnology companies for drug discovery applications, the subsegment pharmaceutical, and biotechnology companies acquired the largest share in the global HTS market, by end users.
Global High Throughput Screening Market – Geographical Analysis
Globally, the North America region is the largest market for high throughput screening. Owing to the demanding research and development initiatives, the market is expected to grow at a significant rate of CAGR throughout the forecast period, creating a large revenue pocket by 2027. Factors substantiating the market growth include high healthcare expenditures and substantial investments in the R&D activities for medicine discovery.
Europe accounts for the second-largest market for high throughput screening which is expected to grow at a considerable CAGR during the forecast period. Favourable government support and initiatives drive the growth in the market extensively. The rapidly growing pharmaceutical sector in the region, backed by the resurging economy is fostering the market growth brilliantly.
Whereas, the Asia Pacific HTS market is growing rapidly, emerging as one of the lucrative markets, globally. Countries in the Asian region especially provide immense growth opportunities for the high-throughput screening market, accounting over half of the world’s total population. Furthermore, private equity firms and venture capitalists are increasingly investing in the HTS market in countries such as India, China, and Japan.
Major key Players
The major players operating the global high throughput screening market are Thermo Fisher Scientific Inc. (U.S.), Aurora Biomed Inc. (Canada), Agilent Technologies Inc. (U.S.), Roche (Switzerland), Beckman Coulter Inc. (U.S.), Bio-Rad Laboratories (U.S.), Luminex Corporation (U.S.), Sigma-Aldrich Corporation (U.S.), and Life Technologies Corporation (U.S.).
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Industry News
November 07, 2018: Biologic and Hinds Instruments has recently announced the launch of the EKKO, the world’s first high throughput circular dichroism (CD) microplate reader. This compact device can screen a 96 well plate within two minutes, in place of several hours as compared to a traditional CD spectrometer linked to an autosampler.
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