High Throughput Screening Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030. The global high throughput screening market was valued at over US$ 14.0 Mn in 2017 and is expected to grow at a substantial CAGR during the forecasted period.
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High Throughput Screening is a scientific technique of experimentation which finds its use in the process of drug discovery. In this technique multiple experimental samples are simultaneously subjected to testing in a given laboratory condition. These tests range from genetic, pharmacological, chemical testing to several other forms of assays. The applications of such techniques are widely utilized in in rapid identification of antibodies, active compounds, and genes which influence distinctive biomolecular pathways among others.
High Throughput Screening Market Prominent Players
The prominent players in the global high throughput screening market are Agilent Technologies, Thermo Fisher Scientific, Danaher Corporation, Corning Incorporated, Aurora Instruments Ltd., BioTek Instruments, Inc., PerkinElmer Inc., Merck KGaA, AXXAM S.p.A., and Tecan Trading AG.
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Increasing Prevalence of Chronic Disorders to Promote Growth
The high throughput screening is focused on development therapeutics for the treatment for numerous disorders and ailments including antitumor drugs and several others. The growing prevalence of chronic disorders is promoting the growth of the market, for improved treatment and better quality of life for patients. According to World Health Organization (WHO), in 2017, diabetes accounted for 1.6 million deaths worldwide.
Market Segment by Application
- Introduction
- Toxicology assessment
- Primary & secondary screening
- Target identification & validation
- Other applications
Market Segment by Technology
- Scaffold-based Technologies
- Scaffold-free Technologies
- Other Scaffold-free Technologies
- Label-free technology
Market Segment by End Users
- Introduction
- Academic And Government Institutes
- Pharmaceutical And Biotechnology Companies
- Contract Research Organizations
- Other End User
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