According to the new market research report "High-Throughput Screening (HTS) Market by Product (Instruments, Software, Service), Technology (Cell-Based Assays, Label-Free), Application (Drug Discovery, Biochemical Screening, Research), End User (Pharma & Biotech, CROs)- Global Forecast to 2025", published by MarketsandMarkets™, the global High-Throughput Screening Market size is projected to reach USD 26.4 billion by 2025 from USD 15.3 billion in 2020, at a CAGR of 11.5% during the forecast period.
Browse in-depth TOC on "High-Throughput
Screening (HTS) Market"
432 – Tables
40 – Figures
319 – Pages
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The HTS Market growth is driven mainly by factors
such as increasing R&D spending by pharmaceutical & biotechnology
companies, technological advancements in high-throughput screening market and
the availability of government funding & venture capital investments.
Emerging markets and growing applications in life sciences research are also
factors expected to provide growth opportunities for players in the market.
The consumables segment accounted for the largest
share of the product & services segment in the high-throughput screening
market in 2019.
On the basis type of product & service, the HTS
Market is broadly segmented into consumables , instruments, services, and
software. In 2019, consumables accounted for the largest share of the
high-throughput screening (HTS) market. This can primarily be attributed to the
wide use of reagents & assay kits in HTS techniques, increasing
pharmaceutical R&D, and rising government funding for life sciences
research.
The drug discovery segment accounted for the largest
share of the application segment in the high-throughput screening market in
2019.
Based on application, the HTS Market is categorized
into four segments—drug discovery, biochemical screening, life sciences, and
other applications. The drug discovery application segment accounted for the
largest share of the market in 2019. The key factor driving this segments
growth is the increasing number of clinical trials and rising pharmaceutical
R&D expenditure.
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The Asia
Pacific region is the fastest-growing region of the
high-throughput screening market in 2019.
In 2019, Asia
Pacific region accounted for the fastest-growing
region of the HTS Market. It is also estimated to grow at the highest CAGR in
the market during the forecast period, this is mainly due to factors such as
the rising R&D spending, growing public-private partnerships, and
increasing government funding are factors driving the growth of the market in
this region.
Some of the prominent players in the high-throughput
screening market are Thermo Fisher Scientific Inc. (US), Agilent
Technologies, Inc. (US), Danaher Corporation (US), PerkinElmer, Inc. (US),
Tecan Group Ltd. (Switzerland),
AXXAM S.p.A. (Italy),
Merck KGaA (Germany),
Bio-Rad Laboratories, Inc. (US), Promega Corporation (US), Corning Incorporated
(US), and Eurofins Scientific (Luxembourg).
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