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.
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The past few years have seen the HTS market growing in a pervasive manner owing to the proliferating pharmaceutical industry and the rising adoption of HTS in drug discovery. Moreover, the rising per capita healthcare expenditures coupled with the enhanced economic conditions are accelerating the market growth of HTS.
Market Research Future’s (MRFR) extensive and in-depth study of the global High-Throughput Screening market reveals that it will grow at an impressive rate during the assessment period of 2017-2027. Mounting investments in the healthcare sector and the shifting inclination towards high throughput research is pushing the growth of the market. The HTS market, globally, is largely driven by efficacy & safety screening, target identification & validation, and monitoring of cell-based activity. Some of the additional pointers that would support the growth of the market are the rising drug discovery initiatives by academic and government institutions, huge acceptance of open innovation models by pharmaceutical organizations.
Geographically, the global high throughput screening market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Among this region, North America is presumed to hold the largest market share owing to the demanding R&D initiatives. Moreover, high expenditure on healthcare and substantial investment in research and development activities for medicine discoveries is considered to propel the market growth.
Europe is estimated to hold the second position in the market and is expected to maintain its dominance over the review period. The growth is highly attributed to the favorable government support and initiatives. Moreover, the rapid growth in the pharmaceutical sector backed by the resurging economy is presumed to foster the market growth.
The Asia Pacific region is expanding at a rapid pace and is likely to emerge as one of the lucrative regions. Countries in this region offer immense growth opportunities for the market, accounting for half of the world’s population. Moreover, venture capitalists and private equity firms are highly investing in the market in economies such as Japan, China, and India, which is further likely to propel the market growth.
November 07, 2018: Bio-Logic 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.
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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