Introduction
The high-throughput screening market refers to the
industry involved in the development and commercialization of technologies,
instruments, and services for the high-throughput screening of compounds in
drug discovery and other life science research applications. High-throughput
screening is a process that enables the rapid and automated testing of large
numbers of chemical or biological compounds for their ability to interact with
biological targets of interest, such as enzymes, receptors, or DNA.
Global
High-Throughput Screening Market Overview
The global high-throughput screening (HTS) 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.
The high-throughput screening (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.
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MARKET DRIVERS
·
The growing adoption of open innovation models in
pharmaceutical & biotechnology companies
·
Government funding and venture capital investments
·
Increasing R&D spending
·
Technological advancements in the HTS market
MARKET RESTRAINTS
·
The capital-intensive nature of HTS instruments
·
Complexities in assay development
MARKET OPPORTUNITIES
·
Emerging markets
·
Growing applications in stem cell research
MARKET CHALLENGES
·
The dearth of skilled operators
Market Segmentation:
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.
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.
Regional Analysis:
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.
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Recent Developments
·
In 2020, Danaher Corporation (US) acquired the
biopharma business of General Electric Company (Cytiva) to expand its presence
in the high-throughput screening market.
·
In 2019, Agilent Technologies, Inc. (US) acquired
BioTek Instruments (US) to expand its presence and expertise in cell analysis.
This development also strengthened the firm’s position in the
expansive immune-oncology and immunotherapy areas.
·
In 2019, Danaher Corporation (US) acquired Labcyte
Inc. (US) to expand its liquid handling and laboratory automation business,
thereby strengthening its presence in the high-throughput screening market.
Top Key Players: -
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).
Conclusion:
In conclusion, the high-throughput screening market
has grown significantly in recent years, driven by the increasing demand for
more efficient and cost-effective drug discovery methods. High-throughput
screening technologies enable researchers to quickly and accurately test large
numbers of compounds for their efficacy, toxicity, and other characteristics,
which can accelerate the drug development process and improve the chances of
success in clinical trials. Advances in automation, robotics, and data analysis
have further improved the speed and accuracy of high-throughput screening, making
it an essential tool in modern drug discovery. With continued investment and
innovation, the high-throughput screening market is expected to grow further,
enabling the development of new and more effective treatments for a wide range
of diseases.
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