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High throughput screening market to rake in USD 21.69 billion by 2023

Industrial Market Research

The High Throughput Screening Market is expected to reach USD 21.69 billion by 2023 from an estimated USD 14.87 billion in 2018, at a CAGR of 7.8%. The initiatives undertaken by pharmaceutical and biotechnology companies, increasing R&D spending, technological developments in HTS, and the availability of government funding and venture capital investments are the factors driving the growth of the HTS market.

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North America held largest share of global High Throughput Screening market in 2017. On the other hand, the APAC region is expected to witness the highest CAGR during the forecast period, owing to the increasing R&D spending, growing trend of outsourcing drug discovery services, growing public-private partnerships, and increasing government funding in this region.

Key Target Audience:

  • HTS Instrument & Reagent Manufacturers
  • Pharmaceutical & Biotechnology Companies
  • High-content Screening Database, Service, and Software Providers
  • Business Research and Consulting Firms
  • Academic Institutes & Government Organizations
  • Contract Research Organizations (CROs) & Clinical Manufacturing Organizations (CMOs)
  • Healthcare Institutions (Hospitals and Medical Schools)
  • Venture Capitalists

High Throughput Screening market by product & service, technology, application, end user, and region.

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On the basis of product & service, the reagents & assay kits segment accounted for the largest share of the global HTS market in 2017. Factors such as the large numbers of reagents and assay kits used in HTS techniques, rising prevalence of a number of diseases, increasing pharmaceutical R&D, and increased government funding for life science research are driving the growth of this segments.

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High Throughput Screening market by product & service, technology, application, end user, and region. On the basis of product & service, the reagents & assay kits segment accounted for the largest share of the global HTS market in 2017.

Factors such as the large numbers of reagents and assay kits used in HTS techniques, rising prevalence of a number of diseases, increasing pharmaceutical R&D, and increased government funding for life science research are driving the growth of this segments.

Break of primary participants was as mentioned below:

  • By Company Type – Tier 1–31%, Tier 2–46% and Tier 3–23%
  • By Designation – C-level–42%, Director Level–26%, Others–32%
  • By Region – North America–35%, Europe–30%, Asia Pacific–21%, RoW–14%

The prominent players in the global High Throughput Screening market are Agilent (US), Danaher (US), Thermo Fisher Scientific (US), PerkinElmer (US), Tecan (Switzerland), Axxam (Italy), Merck Group (Germany), Bio-Rad (US), Hamilton (US), Corning (US), BioTek (US), and Aurora Biomed (Canada).

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The report analyzes the various High Throughput Screening market products and their adoption pattern. It aims at estimating the market size and future growth potential of the global HTS market for different segments such as product & service, technology, application, end user, and region.

The report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.

High Throughput Screening Market, By Application

  • Target Identification & Validation
  • Primary and Secondary Screening
  • Toxicology Assessment

High Throughput Screening Market, By End User

  • Pharmaceutical and Biotechnology Companies
  • Academic and Government Institutes
  • Contract Research Organizations

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