High Throughput Screening Market is projected to reach US$ 28,255.71 million in 2028 | The Insight Partners

High-throughput screening (HTS) is a drug discovery method that enables automated testing of various chemical or biological compounds for a specific biological target. High-throughput screening methods are widely used in the pharmaceutical industry, leveraging robotics and automation to quickly test the biological or biochemical activity of a significant number of molecules, usually drugs. They accelerate target analysis, as large-scale compound libraries can soon be screened cost-effectively. HTS is a valuable tool for assessing pharmacological targets, pharmacologically profiling agonists, and antagonists for receptors (such as GPCRs) and enzymes. Factors such as an increase in investment in research & development by the pharmaceutical and biotechnology industry and the introduction of technologically advanced products in the high throughput screening market are expected to boost the market growth over the years. However, the high cost of high-throughput screening, lack of trained professionals, and complexity in assay development are likely to hamper the market's growth in the coming years.

According to our latest study on "High Throughput Screening Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product and Service, Technology, Application, and End User," the market is projected to reach US$ 28,255.71 million in 2028 from US$ 15,997.47 million in 2021. The market is estimated to grow with a CAGR of 8.5% from 2021 to 2028. The report highlights the key factors driving the market growth and prominent players with their developments in the market.

The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overviewof the growth rate of High Throughput Screening Market during the forecast period, i.e., 2022-2028. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application,technology,and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.

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Leading High Throughput Screening Market market Players:

Agilent Technologies, Inc.; Axxam S.P.A.; Eurofins Scientific; Corning Incorporated; Molecular Devices, LLC.; Hamilton Company; Merck Group; Perkinelmer, Inc.; Tecan Group; and Thermo Fisher Scientific Inc. are among the leading companies operating in the high throughput screening market.

Based on product and service, the high throughput screening market is categorized into consumables, instruments, accessories, software, and services. In 2021, the consumables segment held the largest share of the market and is expected to witness the fastest CAGR during the forecast period. Wide ranges of consumables are used in almost every step of an HTS assay. The selection of these consumable materials is highly dependent on the instrument types that will be employed to perform the assay and other budgetary constraints. Microtiter plates, disposable tips, dispenser tubing cartridges and cell culture tools are some examples of consumables that come in direct contact with the assay reagents. Therefore, these products need to be selected with caution and kept consistent throughout the course of the assay validation and the screening endeavor to achieve maximum data reproducibility. HTS technologies are being adopted beyond the traditional geographic markets of Europe and North America. New and existing HTS laboratories in Asia and the rest of the world are increasing their spending on equipment and consumables for HTS.

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the High Throughput Screening Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the High Throughput Screening Market segments and regions.

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The Report Segments High Throughput Screening Market as Follows:

The high throughput screening market is segmented based on product and service, technology, application, and end-user. Based on product and service, the high throughput screening market is categorized into consumables, instruments, accessories, software, and services. Based on technology, the high throughput screening market has been segmented into cell-based assays, lab-on-a-chip, ultra-high-throughput screening, bioinformatics, and label-free technology. Based on application, the high throughput screening market has been segmented into drug discovery, biochemical screening, life sciences research, and other applications. Based on end-user, the high throughput screening market has been segmented into pharmaceutical and biotechnology companies, academic and government institutes, contract research organizations (CRO), and others.

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High Throughput Screening Market Segmented by Region/Country: North America, Europe, AsiaPacific, Middle East & Africa, and Central & South America

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