The global high throughput screening market was valued at USD 14.45 billion in 2018 and is expected to reach USD 26.71 billion by the year 2026, at a CAGR of 7.9%. High throughput screening is a method using automation and big dataset processing to quickly assay the biological activity of various compounds, genes, and proteins. It is used for target identification, biological screening, protein stabilization, drug discovery and organismal based screening. Substrate concentration optimization, protein concentration and identification of physiologically relevant controls are the key factors for increasing demand in the market. It is one of the standards and famous methods of drug discovery in the pharmaceutical industry. The major goal is speeding up the process of drug discovery by screening a large number of compound stacks such as genomics, protein, peptide libraries, and combinational chemistry at a very fast rate of about 1000 compounds per day or a week
Some of the key factors driving the growth of the high-throughput screening market include, increase in the use of advanced drug discovery and adoption of open, innovative models by pharmaceutical and biochemical companies. Another key factor propelling the global market is increasing government and private investments associated with RD spending. However, lack of skilled professionals, even in developed countries, hampers the growth of the high throughput screening market. In addition to that, high capital investment also slows down the growth of the market.
Top Companies Profiled in the Report Include:
Agilent, Danaher, Thermo-Fischer Scientific, Tecan, Axxam, Merck Group, Biorad, Hamilton, Corning, BioTek, Aurora Biomed.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2268
Market Overview:
The pharma and healthcare industry has undergone a revolutionary change owing to the COVID-19 pandemic with individuals increasing their focus on health and wellness. Companies operating in the industry have invested heavily in clinical trials and research studies to develop medications to cater to the growing unmet clinical demand on a global level. Implementation of cutting-edge technology in healthcare sector and increasing investment in research and development have contributed significantly to revenue growth of the market in the recent past. In addition, availability of favorable health insurance and reimbursement policies have also positively impacted the healthcare sector with more and more individuals opting to get treatment at hospital and clinical facilities. Rapid development of novel drugs and pharmaceuticals, increasing incidence of lifestyle and chronic diseases, establishment of state-of-the-art healthcare facilities, and rising availability of over-the-counter medications have significantly contributed to the revenue growth of the market.
Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/2268
The report has gather vital information about recent mergers and acquisitions, joint ventures, collaborations, partnerships, brand promotions, RD activities, and government and corporate deals, among others through extensive primary and secondary research. The report also offers detailed analysis of each competitor along with their financial standing, global market position, product portfolio, manufacturing and production capacity, and business expansion plans.
The report offers a comprehensive overview of the regional bifurcation of the market with respect to market share, market size, revenue growth, import/export, production and consumption patterns, macro and micro economic growth factors, regulatory framework, investment and funding opportunities, and presence of key players in each region including North America, Asia Pacific, Latin America, Europe, and Middle East Africa. The report offers a country-wise analysis to further discuss the revenue growth and lucrative growth opportunities for the High Throughput Screening market in these key regions.
Country-wise regional analysis covers:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
To know more about the report @ https://www.reportsanddata.com/press-release/global-high-throughput-screening-market
Additionally, the report consists a detailed analysis of the segmentation of the High Throughput Screening market based on product types and end-use/application offered in the High Throughput Screening market.
Product Type (Revenue, USD Million; 2016–2026)
- Reagents Assay Kits
- Instruments
- Consumables and Accessories
- Software Services
- Others
Technology Type (Revenue, USD Million; 2016–2026)
- Cell Based Assays
- Lab on chip
- Label free Assays
- Bioinformatics
- Others
Application Type (Revenue, USD Million; 2016–2026)
- Target Identification and Validation
- Primary and Secondary Screening
- Toxicology Assessment
- Other Applications
End Use (Revenue, USD Million; 2016–2026)
- Pharmaceutical and biotechnology Companies
- Academic and government Institutes
- Contract Research organizations
- Others
Read More Reports
Cosmetic Dentistry Market @ https://www.medgadget.com/2020/03/cosmetic-dentistry-market-to-reach-usd-35-08-billion-by-2027-reports-and-data.html
In vivo CRO Market @ https://www.medgadget.com/2020/03/in-vivo-cro-market-to-reach-usd-6-27-billion-by-2027-reports-and-data.html
Capsule Endoscopy Market @ https://www.medgadget.com/2020/03/capsule-endoscopy-market-to-reach-usd-1-41-billion-by-2027-reports-and-data.html
Thank you for reading our report. For customization inquiry or further information, please connect with us and we will ensure you get the report that meets your requirements.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
