High Throughput Screening Market Overview:
High throughput screening is a technology that is having an immense impact on the global market with its chief ability to discover drugs using automation. The technology is proving to be a revolutionary one for pharmaceutical companies as they help in devising drugs in less time. It uses mechanization to identify active compounds, genes, or antibodies in almost no time to show results. The global high throughput screening market is thriving on this particular aspect and is slated to grow with impressive CAGR during the forecast period (2018-2027). Market Research Future (MRFR) published a report on the high throughput screening market that predicts possibility of surpassing predicted market valuation easily.
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Major factors like growing interest from private & public investors, infrastructural developments, increased participation from pharmaceutical companies, and development in AI are expected to transform the global high throughput screening market.
High Throughput Screening Market Competitive Landscape:
Several companies are getting involved in the global high throughput screening market as it provides substantial scope for profits. These companies have been recorded by MRFR in their latest report on the same market for a better profiling. The list includes Beckman Coulter, Inc. (US), Aurora Biomed Inc. (Canada), Life Technologies Corporation (US), Agilent Technologies Inc. (US), Roche (Switzerland), Luminex Corporation (US), Bio-Rad Laboratories (US), Sigma-Aldrich Corporation. (US), and Thermo Fisher Scientific, Inc. (US). Several strategies are getting implemented by these companies and they include merger, acquisition, collaboration, product launch, and others.
High Throughput Screening Market Segmentation:
MRFR, in their report, took a route based on an extensive segmentation to get a better peek at the various factors of the global High-throughput screening market. This segmentation includes application, product, and end-users.
Based on the application, the high-throughput screening market includes toxicology, target identification, stem cell biology, primary screening, and others. The toxicology segment is getting substantial traction. Meanwhile, the stem cell biology segment is also expecting high growth.
Based on products, the high-throughput screening market comprises consumables, software, instruments, and others.
Based on end-users, the high-throughput screening market comprises research facilities, pharmaceutical companies/manufacturers, hospitals & clinics, government organizations, and others. The research facilities segment, along with pharmaceutical companies/manufacturers, are expected to register high growth by fetching in considerable market revenue.
High Throughput Screening Market Regional Analysis:
MRFR’s region-specific segmentation of the global high-throughput screening market includes North America, Europe, Asia-Pacific (APAC), and the Middle East & Africa (MEA). This close inspection of the market is expected to reveal various possibilities based on their zones and predict
The North American region is expecting high growth due to its technological superiority. A lot of private investors are operating out of this region and this has become possible due to the growing investment by private and public players. At the same time, biotechnology laboratories and pharmaceuticals are gaining strong foothold in the healthcare industry, which can be considered as a trigger point for the regional market growth.
Europe is holding the second position and throughout the forecast period, this region is expected to fetch in sizable market share with high CAGR. Government support and initiatives are quite impressive in the region and provide impetus to the regional market growth. It is eyeing for further growth in the future with booming pharmaceutical industry and a resurging economy.
The APAC market has strong potential and its growth depends a lot on the rapid escalation of economies in several countries. They are emerging as lucrative markets for foreign players. Around half the population of this entire region resides here, which makes the region an ideal place for a lot of market titans to initiate their business expansion plan. In addition, investments from venture capitalists and private equity firms have ensured better HTS market in nations like India, Japan, and China.
In July 2019, Bio-Rad Laboratories, Inc. announced the launch of a new Reliance One-Step Multiplex Supermix. The product is a highly sensitive and robust reagent mix that can be used for detection and quantification of RNA or DNA targets.
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