The global High Throughput Screening (HTS) market size is expected to be worth around US$ 40.91 billion by 2030, according to a new report by Vision Research Reports.
The global High Throughput Screening (HTS) market size was valued at US$ 25.62 billion in 2020 and is anticipated to grow at a CAGR of 8.89% during forecast period 2021 to 2030.
Growth Factors
Increasing adoption of faster and accurate technology by pharmaceutical companies to introduce newer molecules in the market is anticipated to provide a significant push to the market.
High throughput screening is used for testing of molecules in development phase on various grounds such as chemical, pharmaceutical, and genetic reactions. These screenings help in drug design and development based on real-time results and near-natural conditions that mimic natural reactions between the molecule and the body.
Moreover, this method can be fully automated using the required hardware and software capable of handling a fully automated process along with data storage units that store and process a considerable amount of data in a short span of time.
As of 2016, approximately 55.0% of high throughput screening tests are carried out based on the cell-based assays. Cell-based assays are used majorly owing to the results that can be obtained at cellular levels along with pathways and mechanisms.
These assays range from cytotoxic tests, including apoptosis, to cell metabolic assays. One more major technology implantation is the introduction of 3D – cell culture, which can help mimic natural conditions that give more accurate results and reactions to tests carried on. This trend is estimated to support the growth of the market during the forecast period.
Report Highlights
Soaring need for newer therapies for a number of conditions is supporting technological advancements. Analyzing the data processed and screened is the most important step that is to be handled with accuracy for the required results. Recent trends show the development of software and chemical libraries in the establishment of best standards and reporting of results.
Regulatory bodies are being pushed to establish tighter quality control standards to achieve integrity and accuracy on the information and data obtained and stored. However, the lack of efficient software to handle automated robotic arms and liquid handling systems is estimated to influence the growth of the market negatively.
Cell-based assays held more than 55.0% of the overall revenue in 2016. Fluorometric imaging plate reader assays have become the most used cell-based assays owing to visible results and their ability to test with the smallest of volumes. Ultra high throughput screening is the latest technology and used for increased output in lesser time.
A majority of companies are in a transition phase from 2D – cell cultures to 3D - cell cultures as 3D cells show more lifelike properties while testing in the natural environment and other cell-related manipulations, aided for drug design and discovery.
Various steps such as increasing the capacity of chemical libraries for the proactive identification of chemical identity hits while testing, development of hardware and software that can handle and fully automate the testing process, and increased funding from governments and other research institutes to adopt newer technologies and faster data processing software are projected to provide a fillip to the market.
Stiff competition between companies to reach the market first with a new product will ensure the expansion of the market. The biggest advantage of HTS technology is the reduction of time required to develop a drug. Drug discovery programs dominated the market in terms of revenue in 2016. The growth of the segment can be attributed to the fact that most of the big and small pharmaceutical companies are focused on the development and manufacturing of new and novel molecules for several life-threatening conditions.
This has led to the adoption of automated high-throughput screening and ultra-high throughput screening techniques to screen huge chemical libraries to meet the needs of ever-increasing drug target molecules. For instance, an automated HTS system can typically help screen 10,000 to 100,000 target compounds per day and uHTS more than 100,000 compounds per day.
North America is likely to be at the forefront of the high throughput screening market throughout the forecast period owing to technological advancements in the US. Drug discovery techniques using 3D-cell cultures have gained popularity among companies competing to reach the market with a new drug molecule.
On the other hand, Asia Pacific registered the highest CAGR over the forecast years due to rising efforts for new pharmaceutical molecules and the adoption of newer technologies to improve the standard of the medicine being supplied. Japan, China, and India are the sights of high growth rates in the region.
Key Players
Agilent Technologies, Inc.; Danaher Corporation; Thermofisher Scientific, Inc.; PerkinElmer, Inc.; Tecan Group Ltd.; Merck Millipore; Bio-Rad Laboratories; Hamilton Company; Axxam S.p.A.; and Aurora Biomed.
Market Segmentation
Technology Outlook
Cell-based Assays
Fluorometric Imaging Plate Reader Assays
Clinical applications (Cardiotoxicity assays)
In-vitro studies (Pharmacophores identification in drug discovery)
Reporter based Assays
Clinical applications (Reporter assay in biological systems analysis)
In-vitro studies (Genetic reporter assays in cloning tools for live-cell work)
3D - Cell Cultures
Clinical applications (Regenerative medicine)
In-vitro studies (Drug discovery, Molecular cell biology)
Ultra High Throughput Screening
Application Outlook
Drug discovery programs
Chemical biology programs
Biochemical screening
Cell- & organ-based screening
Regional Outlook
North America
The U.S.
Canada
Europe
Germany
The U.K.
Asia Pacific
China
India
Latin America
Brazil
MEA
South Africa
The High Throughput Screening (HTS) market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of High Throughput Screening (HTS) market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global High Throughput Screening (HTS) market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the High Throughput Screening (HTS) market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted High Throughput Screening (HTS) market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the High Throughput Screening (HTS) capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of High Throughput Screening (HTS) by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global High Throughput Screening (HTS) market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major High Throughput Screening (HTS) market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of High Throughput Screening (HTS) market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the High Throughput Screening (HTS) industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The High Throughput Screening (HTS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to High Throughput Screening (HTS) market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of High Throughput Screening (HTS) market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new High Throughput Screening (HTS) market. These factors have benefited the growth of the global market for High Throughput Screening (HTS). Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for High Throughput Screening (HTS). The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of High Throughput Screening (HTS) are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.
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