Improved technology used in the pharmaceutical industry, initiatives taken by pharma-biotech companies and, increased spending on the R&D activities have resulted in increased demand for the high throughput screening market.
Market Size: USD 15.59 Billion in 2019, Market Growth – CAGR of 7.9%, Market Trends: Advances in technology and rising expenditures on research and development.
The global throughput screening market is predicted to rise from USD 15.59 Billion in 2019 to USD 28.82 billion by 2027, with a favorable growth rate of 7.9% during the projection period. High throughput screening is a drug delivery process mostly used in medicinal businesses. It uses a big database and automation to rapidly analyze the biological activity of several compounds, proteins, and even genes. High throughput screening is used in various applications, including biological screening, drug delivery, target identification, and protein concentration.
The emergence of several international and local players has made the market competitive. The local players are worried about the products’ cost reductions and sustainability, while the international players are focusing on initiating growth tactics using collaborations and partnerships. The stringent regulations and norms implied by the government for enhancing the quality and to maintain and store the accurate data and information procured are the significant factor expanding the high throughputs screening market’s growth.
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Utmost use of advanced drug delivery and acceptance of novel models by biochemical and pharmaceutical sectors and the increasing government investments for advances in research R&D are the key factors propelling the market for high throughput screening market.
However, the high costs of automation procedures, lack of skilled healthcare professionals for handling the equipment, and large capital investment for high throughput screening are some of the significant factors to limit the market expansion.
High Throughput Screening Market Analysis, By Product & Service By Technology Type, By Application, By End Use, Forecasts To 2026, To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/high-throughput-screening-market
Key findings in the report:
- On the basis of application, the target identification and validation sub-segment accounted for USD 7091.85 million in 2019 and is predicted to expand at the highest rate of 8.4% from 2020 to 2027. This is mainly due to the need to check the authenticity of the data obtained and stored.
- In 2018, the market was dominated by the Reagents and assay kits sub-segment with a 39.5% global market share. The chief revenue-generating region for this segment is North America, followed by Europe and APAC.
- Based on the product type, the market for instruments is predicted to reach USD 6.75 billion by 2027, with a growth rate of 7.8% due to the accumulative investments in the pharmaceutical industry and experimentations.
- Asia Pacific leads the high throughput screening market with a CAGR of 8.9%, followed by North America at 7.7% and Europe at 7.8%. Asia Pacific region is also estimated to be the fastest-growing region in the forecast period.
- North America has been holding the largest market since 2017 due to extensive investments for R&D and favorable funding from public and private sectors for life science research.
Key participants in the high throughput screening market:
- Agilent, Danaher
- Thermo-Fischer Scientific
- Merck Group
- Aurora Biomed
For the purpose of this report, Reports and Data has segmented the High Throughput Screening market on the basis of product & service type, technology type, application type, end-use, and region:
Product Type Outlook (Revenue, USD Million; 2017–2027)
- Reagents & Assay Kits
- Consumables and Accessories
- Software Services
Technology Type Outlook (Revenue, USD Million; 2017–2027)
- Cell-Based Assays
- Lab on chip
- Label-free Assays
Application Type Outlook (Revenue, USD Million; 2017–2027)
- Toxicology Assessment
- Primary and Secondary Screening
- Target Identification and Validation
- Other Applications
End-Use Outlook (Revenue, USD Million; 2017–2027)
- Contract Research organizations
- Academic and Government Institutes
- Pharmaceutical and Biotechnology Companies
Regional Outlook (Revenue in USD Million; 2017–2027)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Middle East & Africa
Highlight of Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Cell Surface Markers Market Segmentation & Impact Analysis
4.1. Cell Surface Markers Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
184.108.40.206. Increased emphasis on R&D for the discovery of new antibodies
220.127.116.11. The rise in the prevalence rate of cancer
18.104.22.168. Increased funding for life science research
4.2.3. Market restraints analysis
22.214.171.124. The high cost of Antibody Development Process
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
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