High-Throughput Screening Market Share and Size, Report 2021 Industry Trends, Complete Data Analysis across the Region and Globe, Opportunities and Growth Forecast 2030

In a recent published report, Kenneth Research has updated the market report for High-Throughput Screening Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for High-Throughput Screening Market products.

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Kenneth Research has recently added a report titled High-Throughput Screening Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.

According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.

The global High-Throughput Screening Market was valued at USD 12.95 billion in 2016 and is projected to reach USD 25.38 billion by 2025, growing at a CAGR of 7.76% from 2017 to 2025.
High Throughput Screening (HTS) is a drug-discovery process widely used in the pharmaceutical industry. It leverages automation to quickly assay the biological or biochemical activity of a large number of drug-like compounds.

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Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Growing Adoption of Open Innovation Models in Pharmaceutical and Biotechnology Companies
1.2 Rising Government Funding
1.3 Increasing R&D Spending
1.4 Technological Advancements

2. Market Restraints
2.1 Capital Intensive Nature of HTS
2.2 Complexities in the field of Assay Development
Market Segmentation:
1. Global High-Throughput Screening Market, by End User:
1.1 Pharmaceutical and Biotechnology Companies
1.2 Academic and Government Research Institutes
1.3 Contract Research Organizations
1.4 Other End Users

2. Global High-Throughput Screening Market, by Application:
2.1 Target Identification
2.2 Primary Screening
2.3 Toxicology Assessment
2.4 Other Applications

3. Global High-Throughput Screening Market, by Product and Service:
3.1 Consumables & Reagents
3.2 Instruments
3.3 Software & Services

4. Global High-Throughput Screening Market, by Technology:
4.1 Cell-Based Assays
4.1.1 2D Cell Culture
4.1.2 3D Cell Culture
4.1.2.1 Scaffold-Based Technology
4.1.2.1.1 Hydrogels
4.1.2.1.1.1 Animal-Derived Hydrogels
4.1.2.1.1.2 Alginate/Agarose
4.1.2.1.1.3 Synthetic Hydrogels
4.1.2.1.2 Inert Matrix/Solid Scaffolds
4.1.2.2 Scaffold-Free Technology
4.1.2.2.1 Microplates
4.1.2.2.2 Hanging-Drop Plates
4.1.2.2.3 Ultra-Low Binding Plates
4.1.2.2.4 Other Scaffold-Free Technologies
4.1.3 Perfusion Cell Culture
4.2 Lab-On-A-Chip
4.3 Ultra-High-Throughput Screening
4.4 Label-Free Technology
4.5 Bioinformatics

5. Global High-Throughput Screening Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Agilent Technologies, Inc.
2. Danaher Corporation
3. Perkinelmer, Inc.
4. Thermo Fisher Scientific Inc.
5. Axxam S.P.A.
6. Tecan Group Ltd.
7. Bio-Rad Laboratories, Inc.
8. Hamilton Company
9. Sigma-Aldrich Corporation (A Division of Merck Millipore)
10. Aurora Biomed, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the High-Throughput ScreeningMarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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