Global High Throughput Screening Market Benefits Key Innovative Development Strategies, Significant Growth
Global High Throughput Screening Market Research Report: Information by Product & Service (Reagents & Assay Kits, Instruments, Consumables & Accessories, Software, and Services), Technology {Cell-Based Assays, 2D Cell Culture, 3D Cell Culture [Scaffold-Based Technologies (Hydrogels, Inert Matrix, and Micropatterned Surfaces) Scaffold-free Technologies (Microplate, Hanging-drop Plates, Ultra-low Binding Plates, and Other Scaffold-free Technologies)], Perfusion Cell Culture, Lab-on-a-Chip (LOC), Ultra-High-Throughput Screening, Bioinformatics, Label-Free Technology}, Applications (Target Identification & Validation, Primary and Secondary Screening, Toxicology Assessment, and Others), End User (Pharmaceutical and Biotechnology Companies, Academic and Government Institutes, Contract Research Organizations, and Others), and Region (Americas, Europe, Asia-Pacific, and Middle East & Africa)—Forecast till 2025
Market Synopsis
The global high throughput screening market is expected to register ~7.5% CAGR during the forecast period of 2019 to 2025, with a market value of USD 13,460 million in 2018.
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High Throughput Screening (HTS) is an automated drug-discovery process that is typically utilized in the pharmaceutical business. It uses mechanization to identify active compounds, genes, or antibodies in a relatively short time frame. The technique has its use in the initial stages of drug discovery pathway and in toxicology studies. Since HTS enables assaying of a large set of potential biological modulators against a chosen number of defined targets, it has attained the status of being a popular approach to the target validation.
Market Segmentation
The market segmentation of High-throughput Screening is segmented on the following basis: application, product, and end-users.
By application, the market includes Toxicology, Target Identification, Stem Cell Biology, Primary Screening, and others.
By products, the market comprises consumables, software, instruments, and others.
By end-users, the market includes pharmaceutical companies/manufacturers, government organizations, Hospitals and clinics, research facilities, and others
Regional Analysis
The regional market segmentation of High-throughput Screening market is divided into North America, Europe, Asia-Pacific, and the Middle East & Africa.
The North American region is the global geographical market leader of high-throughput screening and is expected to grow at an impressive CAGR of XX% during the forecast period. The demanding R&D initiatives undertaken herein is the major factor that is driving the market growth of this region. High expenditure in healthcare coupled with substantial investments from government and private entities for R& purposes are sure to push the market reach of the North American region.
Europe is the second-largest market and is projected to grow at a substantially fast-paced CAGR percentage during the forecast period. Government support and initiatives are some of the major reasons accelerating the market push of Europe. Additionally, the booming pharmaceutical industry and a resurging economy are further adding fuel to the market potential.
Asia-Pacific is growing at a rapid scale and is expected to come out as one of the most lucrative global markets in the forthcoming years. With over half of the world’s total population residing in this region, it provides immense growth opportunities for high-throughput screening market. Moreover, venture capitalists and private equity firms are investing more and more in the HTS market in nations like India, Japan, and China.
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Competitive Analysis
The report also identifies some of the most prominent players in the global High-throughput Screening market, which includes Roche (Switzerland), Agilent Technologies Inc. (US), Beckman Coulter, Inc. (US), Thermo Fisher Scientific, Inc. (US), Life Technologies Corporation (US), Aurora Biomed Inc. (Canada), Bio-Rad Laboratories (US), Luminex Corporation (US), and Sigma-Aldrich Corporation. (US).
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