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
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High Throughput Screening Market Overview:
High-throughput screening (HTS) can be defined as a method that includes scientific experimentation needed for various drug discovery and deciding typical moves in the fields of biology and chemistry. The procedure includes data processing/control software, liquid handling devices, robotics, and sensitive detectors. This allows the system to get into the procedure of conducting tests for millions of chemical, genetic, or pharmacological processes. The process has evolved as necessary to find active compounds, antibodies, or genes that can cover various biomolecular pathway. This process assists in the designing of various market process.
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.
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.
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 Landscape:
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.
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