Rising Competition among Pharma Companies to Expand Global High-Throughput Screening Market

Albany, NY, 1st March : A recent report by ResearchMoz.us, titled, “High-Throughput Screening: Technologies and Global Markets” presents crucial information on this market in a comprehensive manners and has covered significant factors affecting the market’s growth. It is tailored in a manner that can be easily understood by the individuals operating in the market. It gives out the information relating to key drivers and restraints, growth opportunities, and ongoing trends in the market. Moreover, key markets offering high growth prospects and vendor landscape is also discussed in the report.

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To evaluate large number of effectors and biological modulators against selected target, high throughput screening (HTS) is used at a large scale. HTS is a drug discovery technique, which has gained huge popularity and become a standard method for drug discovery in pharmaceutical industry. It is also used to characterize pharmacokinetic, metabolic, and toxicological data for new drugs that further leads in reduction of cost of the drug development.

Moreover, creation of novel technological platforms, liquid handling, development of analytical tools, and development of other similar advanced technologies has significantly benefited the global high-throughput screening market. Rising competition among pharma companies relating to commercialization pioneering drug discovery has boosted the demand for high throughput screening devices at a high rate.

On geographical front, North America is expected to lead the global high-throughput screening market in the coming years. Increased spending on research and development in the pharmaceutical industry and growing government funding are the key factors driving demand in this market. In addition, growing adoption of HTS and presence of leading players in the region are few other factors that have accelerated demand for high-throughput screening market. Europe and Asia Pacific are anticipated to rise at a significate rate in the coming years. Rising incidence of life threating and chronic diseases, high demand for cost effective drugs, and high economic development in these regions have boosted the demand for high-throughput screening in these markets.

In the competitive landscape section, the report has covered prominent vendors operating in the global high-throughput screening market. In this particular market, leading vendors have strategic geographical presence with multiple production facilities across the globe. This has helped them getting stronger hold in the market and provided them a competitive edge in the market. Innovation, collaboration, partnership, mergers, and expansion are some of the most preferred business development strategies used by the vendors operating in this market. In addition, a new business model is introduced in the market named long tail business.

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As per the report, some of the prominent players operating in the global high-throughput screening market are Albany Molecular Research Inc., Agilent Technologies Inc., Axxam Spa, Becton, Dickinson And Co., Aurelia Bioscience Ltd., Bio-Rad Laboratories Inc., Carl Zeiss Ag, Biotek Instruments Inc., Charles River Laboratories Inc., Cell Signaling Technology Inc., Creative Biolabs Inc., Corning Inc., Cytoo Sa, and Danaher Corp.

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This release was published on openPR.