New York, USA, Nov. 18, 2024 (GLOBE NEWSWIRE) — Market Outlook:
The global high throughput screening market size is projected to grow from USD 29.40 billion in 2023 to USD 74.53 billion by 2032, at a CAGR of 11.0%, according to a new report by Polaris Market Research.
Market Overview:
High throughput screening is a drug detection procedure that permits mechanized testing of an extensive aggregate of chemical or biological compounds for a particular biological earmark, for instance, binding assays. High throughput screening techniques are considerably utilized in the pharmaceutical industry, influencing robotics and automation to swiftly examine the biological or chemical venture of a massive aggregate of molecules, normally drugs.
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Key Insights from the Report:
- The market for high throughput screening is targeted to recognize active compounds, antibodies, or genes that influence particular biomolecular routes.
- The high throughput screening market segmentation is mainly based on offerings, technology, application, end-user, and region.
- Based on the offering, the consumables segment is expected to experience the highest CAGR during the forecast period.
- By region, the report provides market insights into Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
High Throughput Screening Market Scope:
| Report Attributes | Details |
| Market size value in 2023 | USD 29.40 billion |
| Market size value in 2024 | USD 32.41 billion |
| Revenue Forecast in 2032 | USD 74.53 billion |
| CAGR | 11.0% from 2024 to 2032 |
| Base year | 2023 |
| Historical data | 2019-2022 |
| Forecast Period | 2024-2032 |
Market’s Growth Drivers:
- Continuing Technological Progression: Ongoing progression in robotics, automation, and software have also transformed high throughput screening (HTS) platforms, notably improving their productivity and potential. Mechanizing tedious chores such as specimen managing, compound screening, and data analysis is contributing to the high throughput screening market growth.
- Shift towards Customized Medicines: Market CAGR for high throughput screening is being propelled by a move towards customized medicine, showcasing an evolving perspective in healthcare targeting to customize medical cures to discrete patients dependent on their distinct genetic makeup.
- Advancement in Assays: Technological progression in assay advancement has transformed HTS, rendering it a foundation in pharmaceuticals, biotechnology, and academic research. Moderation of assays permits researchers to carry out screenings with decreased specimen and reagent proportions, notably lessening the expenses and growing throughput.
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List of High Throughput Screening Market Key Players:
- Agilent Technologies, Inc.
- Aurora Biomed Inc.
- Axxam S.p.A.
- Biomat Srl
- Bio-Rad Laboratories, Inc.
- BMG Labtech GmbH
- Brand GmbH+Co KG
- Charles River Laboratories
- Corning Incorporated
Geographical Analysis:
North America accounted for the largest high throughput screening market share. This is due to a notable surge in research and development and funding by pharmaceutical and biotechnology firms for drug and biomarker advancement to confront the growing existence of detrimental illnesses such as cancer and cardiovascular conditions.
Asia Pacific is also expected to grow at the highest CAGR during the forecast period due to the varied patient population that seizes a broad gamut of therapeutics, thus escalating the demand for distinct drug advancement.
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Market Segmentation:
By Offerings Outlook:
- Consumables
- Reagents & Assay Kits
- Laboratory Consumables
- Instruments
- Liquid Handling Systems
- Detection Systems
- Imaging Systems
- Others
- Services
- Software
By Technology Outlook:
- Cell-based Assays
- 2D Cell Culture
- 3D Cell Culture
- Scaffold-based Technology
- Animal-derived Hydrogels
- Matrigel
- Collagen
- Synthetic Hydrogels
- Alginate/Agarose
- Inert Matrix/Solid Scaffolds
- Micropatterned Surfaces
- Scaffold-free Technology
- Ultra-low Binding Plates
- Hanging-drop Plates
- Others
- Reporter-based Assays
- Perfusion Cell Culture
- Lab-on-a-Chip Technology (LOC)
- Label-free Technology
By Application Outlook:
- Drug Discovery
- Biochemical Screening
- Life Sciences Research
- Others
By End User Outlook:
- Pharmaceutical & Biotechnology Companies
- Academic & Research Institutes
- Contract Research Organizations (CROs)
- Others
By Region Outlook:
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Vietnam
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Browse PMR’s High Throughput Screening Market Report Coverage from Different Publications:
The global high throughput screening market size is expected to reach USD 74.53 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.0% during the forecast period.
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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.
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