The Insight Partners published latest research report on “High Throughput Screening Market Revenue Report, Trends, Growth & Demand Forecast to 2028 - COVID-19 Impact and Global Analysis By Product and Service, Technology, Application, End User”
The Insight Partners published latest research report on "High Throughput Screening Market Revenue Report, Trends, Growth & Demand Forecast to 2028 - COVID-19 Impact and Global Analysis By Product and Service, Technology, Application, End User”, the global market size is projected to reach USD 28,255.71 million by 2028 from USD 15,997.47 million in 2021. The market is estimated to grow with a CAGR of 8.5% from 2021 to 2028.
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Growth Strategies by the Key Players Operating in the High Throughput Screening Market:
Aug-2020: PerkinElmer has launched series of explorer workstations for SARS-CoV-2 testing capable of preparing and running up to 10,000 COVID-19 tests per day. PerkinElmer’s automated workstations streamline testing workflows, speeding up SARS-CoV-2 RT-PCR and ELISA testing. They also help laboratories improve their efficiency, while eliminating errors.
Aug-2019: Molecular Devices, LLC, launched the next generation FLIPR Penta High-Throughput Cellular Screening System. The expanded capabilities of the FLIPR Penta system will allow scientists studying organoids and stem cell-derived neuronal and cardiac cells to have a better understanding of toxic compound effects.
Jan-2017: Merck, has introduced CAN MultiFlow screening services to more accurately predict genotoxic and mode of action properties of substances, ingredients and drug compounds. Offered through its BioReliance testing facilities, Merck will be the first company to provide this service in the United States
High-throughput screening (HTS) is a drug discovery process that allows automated testing of large numbers of chemical and/or biological compounds for a specific biological target. High-throughput screening methods are extensively used in the pharmaceutical industry, leveraging robotics and automation to quickly test the biological or biochemical activity of a large number of molecules, usually drugs. They accelerate target analysis, as large-scale compound libraries can quickly be screened in a cost-effective way. HTS is a useful tool for assessing for instance pharmacological targets, pharmacologically profiling agonists and antagonists for receptors (such as GPCRs) and enzymes.
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Global High Throughput Screening Market Share Report, Segmentations, Regional & Country Scope:
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Report Coverage |
Details |
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Market Size Value in |
USD 15,997.47 Million in 2021 |
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Market Size Value by |
USD 28,255.71 Million by 2028 |
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Growth rate |
CAGR of 8.5% from 2021-2028 |
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Forecast Period |
2021-2028 |
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Base Year |
2021 |
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No. of Pages |
246 |
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No. of Tables |
166 |
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No. of Charts & Figures |
86 |
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Historical data available |
Yes |
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Segments covered |
Product and Service, Technology, Application, End User |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; MEA |
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Country scope |
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Companies Covered |
Agilent Technologies, Axxam S.P.A., Eurofins Scientific, Corning Incorporated, Molecular Devices, LLC., Hamilton Company, Merck Group, Perkinelmer, Inc., Tecan Group, Thermo Fisher Scientific Inc. |
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Key Research Capabilities |
Global Market Assessment, Business Development Strategies, Competitive Landscape, Opportunity Analysis, Regional and Country Level Market Analysis, Market Entry Strategies, Market Dynamics, Risk and Return Assessments, Pricing Analysis, Market Size and Forecasting, Company Profiling, Value Chain Analysis, Expansion Strategies, SWOT Analysis, New Product Development |
Browse key market insights spread across 246 pages with 166 list of tables & 86 list of figures from the report, "High Throughput Screening Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product and Service (Consumables, Instruments, Accessories, Software, and Services), Technology (Cell-Based Assays, Lab-On-A-Chip, Ultra-High-Throughput Screening, Bioinformatics, and Label-Free Technology), Application (Drug Discovery, Biochemical Screening, Life Sciences Research, and Other Applications), End User (Pharmaceutical and Biotechnology Companies, Academic and Government Institutes, Contract Research Organizations (CRO), and Others)" in detail along with the table of contents: https://www.theinsightpartners.com/reports/high-througput-screening-market
Based on technology, the high throughput screening market has been segmented into cell-based assays, lab-on-a-chip, ultra-high-throughput screening, bioinformatics, and label-free technology. In 2021, the cell-based assays segment held the largest share of the market, whereas the lab-on-a-chip segment is expected to grow at the fastest CAGR during the forecast period. Cell-based assays have become a versatile tool in healthcare research and development, particularly in experiments designed to understand the functionalities of specific cells such as antibodies or drug efficacy on a group of cells. At present, cell-based assays are used in more than half of all high-throughput drug screenings for target validation and ADMET (absorption, distribution, metabolism, elimination, and toxicity) in the early stage of drug discovery.
In contrast, the lab-on-a-chip segment is expected to grow at the fastest CAGR during the forecasted period. Based on application, the high throughput screening market has been segmented into drug discovery, biochemical screening, life sciences research, other applications. In 2021, the drug discovery segment held the largest share of the market, by application and the segment is expected to grow at the fastest CAGR during the forecasted period. Based on end-user, the high throughput screening market has been segmented into pharmaceutical and biotechnology companies, academic and government institutes, contract research organizations (CRO), and others. In 2021, the pharmaceutical and biotechnology companies segment held the largest share of the market by technology. The contract research organizations (CRO) segment is expected to grow at the fastest CAGR during the forecast period.
Factors such as the increase in investment in research and development by the pharmaceutical and biotechnology industry and the introduction of technologically advanced products in the high throughput screening market are expected to boost the market growth over the years. However, the high cost of high-throughput screening, lack of trained professionals, and complexity in assay development are likely to hamper the market's growth in the coming years.
Contract research organizations, OEMs, and manufacturing organizations are among the primary and secondary sources referred to while preparing the high throughput screening market report.
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