About High-Throughput Screening (HTS)
The high-throughput screening method is used for scientific experimentation in drug discovery and in the fields of biology and chemistry. It allows a researcher to quickly conduct millions of chemical, genetic, or pharmacological tests, using data processing software, liquid handling devices, robotics, and sensitive detectors. The results of these experiments provide starting points for drug design and for understanding the noninteraction or role of a particular location.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The United States High-Throughput Screening (HTS) market is very fragmented due to the presence of major players. Moreover, major companies in the market are involved in strategic acquisitions, collaborations, and mergers to sustain their position in the market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global High-Throughput Screening (HTS) market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Thermo Fisher Scientific, Inc. (United States), Agilent Technologies, Inc. (United States), Danaher Corporation (United States), PerkinElmer, Inc. (United States), Promega Corporation (United States), Bio-Rad Laboratories, Inc. (United States), Promega Corporation (United States), Hamilton Company (United States), Corning Incorporated (United States) and Charles River Laboratories (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Creative Biolabs (United States), BPS Bioscience, Inc. (United States), Albany Molecular Research Inc. (United States), Tecan Group Ltd. (Switzerland) and Merck KGaA (Germany).
Segmentation Overview
AMA Research has segmented the market of Global High-Throughput Screening (HTS) market by Type (Instruments, Consumables, Software and Service), Application (Drug Discovery, Biochemical Screening, Research and Others) and Region.
On the basis of geography, the market of High-Throughput Screening (HTS) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the High-Throughput Screening (HTS) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Market Growth Drivers:
Rising Number of Drug Targets for Screening, And Growing Adoption of Open Innovation Models in Pharmaceutical & Biotechnology Companies, Growing Investments by Government and Research Institutes and Rising Prevalence of Diseases among People
Challenges:
Lack of Skilled Professional to Operate the Software’s and Instruments
Restraints:
Complexities in Assay Development and Capital-Intensive Nature of HTS Instruments
Opportunities:
Technological Advancements and Increasing Pharmaceutical R&D Expenditure and Growing Applications in Stem Cell Research
Market Leaders and their expansionary development strategies
In 2020, Danaher Corporation has acquired the biopharma business of General Electric Company to expand its presence in the high-throughput screening market. and In 2019, Agilent Technologies, Inc. has acquired BioTek Instruments 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 August 2022, Molbio Diagnostics launched a new test for differential diagnosis of HIV 1 and HIV 2 with viral loads within 60 minutes.
Key Target Audience
High-Throughput Screening (HTS) Service Providers, Software Developers/Vendors, Healthcare and Research Institutes, Pharmaceutical Companies, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.