The global high throughput screening market size is expected to generate a revenue of USD 30.91 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 7.89% during the forecast period. Increasing adoption of faster and accurate technology by pharmaceutical companies to introduce newer molecules in the market is anticipated to provide a significant push to the market.
High throughput screening is used
for testing of molecules in development phase on various grounds such as
chemical, pharmaceutical, and genetic reactions. These screenings help in drug
design and development based on real-time results and near-natural conditions
that mimic natural reactions between the molecule and the body.
Moreover, this method can be
fully automated using the required hardware and software capable of handling a
fully automated process along with data storage units that store and process a
considerable amount of data in a short span of time.
As of 2016, approximately 55.0%
of high throughput screening tests are carried out based on the cell-based
assays. Cell-based assays are used majorly owing to the results that can be
obtained at cellular levels along with pathways and mechanisms.
These assays range from cytotoxic
tests, including apoptosis, to cell metabolic assays. One more major technology
implantation is the introduction of 3D – cell culture, which can help mimic
natural conditions that give more accurate results and reactions to tests
carried on. This trend is estimated to support the growth of the market during
the forecast period.
For Full Research Report On High Throughput Screening Market Visit Here:
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High Throughput
Screening Market Report Highlights
- The market is driven by
increasing competition between pharmaceutical companies to introduce novel
molecules
- Emerging 3D cell culture technology
that provides better results in real-time is set to boost the market
- North America emerged as the
clear hotspot for the development and adoption of this technology and had
a major share in the market
- Emerging regions such as
Asia Pacific and Latin America are set to witness considerable growth in
demand over the forecast period driven by the need of newer molecules to
cure various diseases
- Some of the key players in
this market are Agilent Technologies, Inc., Danaher Corporation,
Thermofisher Scientific, Inc., PerkinElmer, Inc., and Tecan Group Ltd.,
Merck Millipore, Bio-Rad Laboratories, Hamilton Company, Axxam S.p.A., and
Aurora Biomed.
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High Throughput
Screening Market Segmentation
Grand View Research has segmented
the global high throughput screening market by technology, application, and
region:
High Throughput
Screening Technology Outlook (Revenue, USD Billion, 2014 - 2025)
- Cell-based Assays
- Fluorometric Imaging Plate
Reader Assays
- Clinical applications
(Cardiotoxicity assays)
- In-vitro studies
(Pharmacophores identification in drug discovery)
- Reporter based Assays
- Clinical applications
(Reporter assay in biological systems analysis)
- In-vitro studies (Genetic
reporter assays in cloning tools for live-cell work)
- 3D - Cell Cultures
- Clinical applications
(Regenerative medicine)
- In-vitro studies (Drug
discovery, Molecular cell biology)
- Ultra High Throughput
Screening
High Throughput
Screening Application Outlook (Revenue, USD Billion, 2014 - 2025)
- Drug discovery programs
- Chemical biology programs
- Biochemical screening
- Cell- & organ-based
screening
High Throughput
Screening Regional Outlook (Revenue, USD Billion, 2014 - 2025)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The U.K.
- Asia Pacific
- China
- Japan
- Latin America
- Brazil
- MEA
- South Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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