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
Global High Throughput Screening Market: Scenario
The global high throughput screening market is presumed to experience a significant CAGR during the forecast period (2019-2025) owing to the technological advancements in this market, asserts Market Research Future (MRFR). High throughput screening is referred to as a drug discovery technique employed for evaluation and screening of a large number of biological effectors and modulators against selected target. The aim of high throughput screening technique is to pump drug discovery process by screening large number of compound libraries like genomics, combinatorial chemistry, protein, and peptide libraries.
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Drivers and Constraints Impacting the Global High Throughput Screening Market:
The global high throughput screening market is likely to register a significant CAGR during the assessment period due to the technological advancements such as creation of novel technological platforms, automation of liquid handling, and development of analytical tools to deal with huge quantities of data. Also, growing competition among the pharma companies with respect to commercialization demand and pioneering drug discovery is rising at a rapid pace, thereby driving the market for high throughput screening. Moreover, due to its inevitable use in research and production, the global market for high throughput screening is considered to flourish. With rising capital investment by key players and research organizations operating in the market, the demand for high throughput screening has triggered.
On the flip side, high cost coupled with increased time consumption of high throughput screening techniques are some of the major factors considered to impede the market growth in the coming years.
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.
Global High Throughput Screening Market: Segmental Analysis
The global high throughput screening market has been segmented on the basis of product type, application, end-users, and region.
By mode of product type, the global high throughput screening market has been segmented into instruments, software, consumables, and others.
By mode of application, the global high throughput screening market has been segmented into primary screening, target identification, stem cell biology, and toxicology.
By mode of end-users, the global high throughput screening market has been segmented into pharmaceutical companies, hospitals and clinics, research facilities, and government organizations. Among these, the pharmaceutical companies segment accounts for the largest market share owing to the increasing use of HTS techniques by pharmaceutical for drug discovery applications. Also, with the increasing pharmaceutical R&D expenditure, the segment is likely to propel.
Global High Throughput Screening Market: Regional Insights
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.
Industry News
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.
Global High Throughput Screening Market: Competitive Dashboard
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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