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High Throughput Screening Market by Technology, Application, Product, End User - Global Forecast to 2023

High Throughput Screening Market: Global Forecast until 2023

  • April 2018
  • 245 pages
  • ID: 4405157
In this report:
THIS END-USER SEGMENT IS ALSO EXPECTED TO REACH USD ##.## BILLION BY 2023 FROM USD ##.## BILLION IN 2018, AT A CAGR OF ##.##% DURING THE FORECAST PERIOD.
IN 2017, THE CELL-BASED ASSAYS SEGMENT ACCOUNTED FOR THE LARGEST SHARE OF ##.##% OF THE GLOBAL HTS MARKET; WHEREAS, THE LABEL-FREE SEGMENT IS EXPECTED TO REGISTER THE HIGHEST CAGR OF ##.##% DURING THE FORECAST PERIOD.

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The overall high-throughput screening market forecasted to grow at a CAGR (Compound annual growth rate) of 7.80 percent.

The HTS market is forecasted to reach ~$21.7B by 2023 from an estimated ~$14.9B in 2018, at a compound annual growth rate (CAGR) of 7.80 percent. The initiatives undertaken by pharmaceutical and biotechnology firms, growing R&D spending, technological developments in HTS, and the availability of government funding and venture capital investments are the factors driving the rise of the HTS market. Nevertheless, the capital-intensive nature of HTS and complexities in the field of assay development are anticipated to limit the increase of this market during the outlook period.

The software segment is projected to record the maximal compound annual growth rate (CAGR) during the estimate period.

On the basis of product & service, the HTS market is divided into reagents & assay kits, instruments, consumables & accessories, software, and services.The software segment is expected to record the highest CAGR (Compound annual growth rate) during the outlook period.

The rising automation of high-throughput screening and the availability of robust data management software tools, which enable researchers to expand systemic and process-oriented approaches toward HTS techniques are some of the factors providing to the rise of this segment.

Contract research organizations are anticipated to grow at the quickest rate during the estimate period.

On the basis of end user, the HTS market is broken down into pharmaceutical and biotechnology firms, academic and government institutes, contract research organizations, and other end users (hospitals and food, agriculture & environmental sectors). The contract research organizations segment is projected to register the highest compound annual growth rate (CAGR) during the outlook period due to the growing outsourcing of HTS services by many pharmaceutical & biotechnology firms.

Asia-Pac is forecasted to witness the highest increase during the estimate period.

North America (NA) held the biggest share of the overall HTS market in 2017. On the other hand, the APAC area is forecast to witness the more important Compound annual growth rate during the outlook period, due to the rising R&D spending, increasing trend of outsourcing drug discovery services, increasing public-private partnerships, and growing government funding in this area.

Break of primary members taking part was as mentioned below:

• By Company category - Tier 1 - 31.0 percent, Tier 2 - 46.0 percent and Tier 3 - 23.0 percent

• By Description - C-suite - 42.0 percent, D-level - 26.0 percent, Others - 32.0 percent

• By Area - North America continent - 35.0 percent, Europe (EU) - 30.0 percent, Asia Pacific (APAC) - 21.0 percent, RoW - 14.0 percent

The main players in the overall HTS market are Agilent, Danaher, Thermo Fisher Scientific, PerkinElmer, Tecan, Axxam, Merck Group, Bio-Rad, Hamilton, Corning, BioTek, and Aurora Biomed.

Segment Research

The industry report examines the different HTS products and their adoption pattern.It aims at evaluating the market value and future increase potential of the overall HTS market for distinct segments including product & service, technology, application, final user, and area.

The study also comprises a detailed competitive analysis of the top players in this sector together with their company descriptions, product offerings, latest developments, and key industries strategies.

Reasons to Buy the Report

The analysis will increase established companies as well as new entrants/smaller companies to measure the pulse of the sector, which in turn would benefit them, collect a greater share. Companies obtaining the market research could use one or any combination of the below-mentioned five strategies for strengthening the market.

This industry report offers business insights on these pointers:

• Market Uptake: Exhaustive data on product types provided by the top actors in the overall HTS market

• Product Development/Innovative products: In-depth understanding on upcoming trends, Research&development activities, and launches of new product in the overall HTS market

• Market Development: Highlighted information on the lucrative emerging regions by product & service, technology, application, end-user, and area

• industry diversification: Complete information about recent products, increasing geographies, and recent evolutions in the overall HTS market

• opposing assessment: Detailed assessment of market shares, increase strategies, and products of leading actors in the overall HTS market

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