High Throughput Screening Global Market – Overview
High Throughput Screening (HTS) is a drug-discovery process generally utilized as a part of the pharmaceutical business. It influences mechanization to rapidly examine the natural or biochemical action of an expansive number of medications like compounds.
The Global High-Throughput Screening Market mainly comprises of target identification & validation, efficacy & safety screening, and monitoring of cell-based activity. High-Throughput Screening (HTS) is a popular approach to target validation, as it allows the assaying of a large number of potential biological modulators against a chosen set of defined targets. The screening test uses reflectivity measurements, quantifying the extent of binding of any logical entity such as proteins, cells, animal embryo with the base compound in the wells.
According to a recent study report published by the Market Research Future, The global market for High Throughput Screening is expected to grow at a significant rate of CAGR; valuing extravagantly over its previous growth records by the end of the forecasted period (2016 – 2027).
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Soaring Investments in the healthcare sector and the shift towards high throughput research propels the growth of the Global High Throughput Screening Market. The market is largely driven by target identification & validation, efficacy & safety screening, and monitoring of cell-based activity. Additionally, factors such as the adoption of open innovation models by pharmaceutical companies to increase the use of High-Throughput Screening, increasing drug discovery initiatives by academic and government institutions to boost the demand for high-throughput screening products, and increasing capital investments in high-throughput screening technology by major firms are anticipated to fuel the growth of the HTS market, states the MRFR Research Analyst while commenting upon this deep diving study report, presented through more than 100 market data tables and figures, widely spread over 115 pages.
High Throughput Screening Global Market – Key Players
With the presence of numerous large and small market players; the global market of High-Throughput Screening appears to be highly fragmented in nature.
Identified and profiled in MRFR analysis; some of the key players in this market are: Aurora Biomed Inc.(Canada), Beckman Coulter, Inc. (US), Agilent Technologies Inc. (US), Life Technologies Corporation (US), and Luminex Corporation (US). Other prominent players operating in the market are Roche (Switzerland), Sigma-Aldrich Corporation. (US), Bio-Rad Laboratories (US), Thermo Fisher Scientific, Inc. (US).
High Throughput Screening Global Market – Segments
The High Throughput Screening Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Product Type: Comprising software, instruments, consumables and others
Segmentation by Application: Comprising Target Identification, Primary Screening, Toxicology, Stem Cell Biology and Others.
Segmentation by End User: Comprising Hospitals and clinics, pharmaceutical companies/ Manufacturers, government organizations, research facilities and others.
Instruments segment by product type is expected to witness a significant growth in demand due to its increasing use in drug discovery processes, superior performance, and reduced system cost. High throughput screening products find applications in R&D projects for target identification, primary screening, toxicology, stem cell biology, and others.
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High Throughput Screening Global Market – Synopsis& Scenario
The Global High-Throughput Screening Market mainly comprises of target identification & validation, efficacy & safety screening, and monitoring of cell-based activity. High-Throughput Screening (HTS) is a popular approach to target validation, as it allows the assaying of a large number of potential biological modulators against a chosen set of defined targets. The screening test uses reflectivity measurements, quantifying the extent of binding of any logical entity such as proteins, cells, animal embryo with the base compound in the wells.
The pharmaceutical and biotechnology companies segment accounted for the largest share in the Global HTS Market, by end users. The extensive use of the HTS technology in pharmaceutical and biotechnology companies for drug discovery applications is the major factor driving the growth of this market.
High Throughput Screening Global Market – Regional Analysis
Globally North America is the largest market for High Throughput Screening Market. The North American market for High Throughput Screening Market is expected to grow at a significant rate of CAGR is expected to reach at millions of USD by the end of the forecasted period. This is due to demanding research and development initiatives.
Europe is the second-largest market for High Throughput Screening Market which is expected to grow at a considerable rate of CAGR. Whereas Asia pacific is expected to be a growing market for High Throughput Screening Market.
Further Private equity firms and venture capitalists are increasingly investing in the HTS market in countries, such as India, China, and Japan. The Asian region provides immense growth opportunities for the High-Throughput Screening Market, as it accounts for more than half of the world’s total population.
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