High Throughput Screening (HTS) Market Growth Accelerates: Strategic Forecast Predicts $35.29 Billion by 2029

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What Will the High Throughput Screening (HTS) Industry Market Size Be by 2025?
The market size of high throughput screening (hts) has been steadily expanding over recent years. The market will upscale from $22.98 billion in 2024 to $25.26 billion in 2025, experiencing a compound annual growth rate (CAGR) of 9.9%. This growth during the historical timeframe can be credited to a higher acceptance of high-throughput screening, escalated R&D investments, augmented availability of research funding, a surge in healthcare expenditures, and an aggressive competitive market environment.

What's the Long-Term Growth Forecast for the High Throughput Screening (HTS) Market Size Through 2029?
Expectations are high for the high throughput screening (HTS) market to experience robust growth in the coming years, with projections of a surge to $35.29 billion by 2029, boasting a compound annual growth rate (CAGR) of 8.7%. Various factors such as the expanding market size and growth rate, strategic maneuvers by prominent market participants, increased need for disease tracking and drug discovery, and a rising occurrence of chronic diseases, contribute to this predicted growth. Implementation of ultra high throughput screening (UHTS) techniques also garners significant attention towards future expansion. Looking ahead to the forecast period, evolution in high-throughput screening technology and a bolstered emphasis on adopting UHTS techniques are among the major trends to watch.

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What Are the Key Growth Drivers Fueling the High Throughput Screening (HTS) Market Expansion?
The anticipated increase in chronic illnesses is set to boost the high-throughput screening (HTS) market's expansion. This refers to enduring health issues or diseases lasting three months or longer. HTS has the ability to quickly test a vast number of chemical compounds, identifying potential medicine candidates that target specific pathways, typically associated with chronic conditions. This is crucial for efficient, long-term disease management. For example, it was reported by the National Library of Medicine, a government agency in the US, that by 2050, the population of Americans aged 50 and above with at least one chronic condition is expected to reach 142.66 million. Consequently, the growing prevalence of chronic illnesses is expected to fuel the high-throughput screening (HTS) market's growth.

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What Long-Term Trends Will Define the Future of the High Throughput Screening (HTS) Market?
Leading firms in the high-throughput screening market are producing innovative solutions like multimode plate readers to elevate their customer service with enhanced features. The multimode plate reader (MPR) is a sophisticated laboratory instrument used in high-throughput screening. It analyzes biological and chemical samples in microplates by fusing multiple detection modes for various assays into one interface. For example, in February 2023, the MedTech company based in the US, PerkinElmer Inc., introduced the EnVision Nexus system. This system is characterized as the quickest and most sensitive multimode plate reader in existence, specifically built for high-throughput screening (HTS) that accelerate the progress of drug discovery. The system takes advantage of exclusive technology, consisting of dual detectors and refined reagents such as proprietary HTRF and AlphaLISA. Along with the newest reagent kits, the platform provides researchers unmatched assay flexibility, precision, speed, and sensitivity. The EnVision Nexus system, with accessible convenience options like a plate stacker for 20 or 50 plates or complete automation and incorporation for continuous 24/7 workflow-driven operations, facilitates researchers to effectively screen millions of samples with extraordinary efficiency.

How Is the High Throughput Screening (HTS) Market Segmented?
The high throughput screening (hts) market covered in this report is segmented -

1) By Products And Services: Consumables And Reagents, Instruments, Software And Services
2) By Technology: Ultra-High-Throughput Screening, Cell-Based Assays, Lab-On-A-Chip, Label-Free Technology
3) By Application: Target Identification And Validation, Primary And Secondary Screening, Toxicology Assessment, Other Applications
4) By End User: Pharmaceuticals And Biotechnology Industry, Academics And Research Institute, Contract Research Organization, Other End Users

Subsegments:
1) By Consumables And Reagents: Assay Plates, Reagents And Assay Kits, Sample Preparation Kits, Detection Reagents
2) By Instruments: Automated Liquid Handlers, Plate Readers, Robotics And Automation Systems, Microfluidic Devices
3) By Software And Services: Data Analysis Software, HTS Management Software, Consulting Services, Maintenance And Support Services

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Which Companies Are Leading the Charge in High Throughput Screening (HTS) Market Innovation?
Major companies operating in the high throughput screening (HTS) market are Thermo Fisher Scientific Inc., AstraZeneca Plc, Danaher Corporation, Merck Group, GE HealthCare Technologies Inc., Corning Inc., Agilent Technologies Inc., Lonza Group Ltd., Charles River Laboratories International Inc, Beckman Coulter Inc., PerkinElmer Inc., Bio-Rad Laboratories, Tecan Group Ltd., Sygnature Discovery Ltd., Luminex Corporation, Hamilton Company, Crown Bioscience Inc., HighRes Biosolutions, NanoTemper Technologies GmbH, BMG LABTECH GmbH, Axxam SpA, Reprocell Inc., BioTek Instruments Inc, Aurora Biomed Inc., Cyclica Inc., Biomat Srl, Diana Biotechnologies s.r.o

Which Regions Are Leading the Global High Throughput Screening (HTS) Market in Revenue?
North America was the largest region in the high throughput screening market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the high throughput screening (HTS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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