High-throughput Screening Technology Market was valued at USD 23.76 Billion in 2022 and is projected to reach USD 49.42 Billion by 2030, growing at a CAGR of 9.5% from 2024 to 2030.
The high-throughput screening (HTS) technology market was valued at approximately USD 7.2 billion in 2022 and is anticipated to reach around USD 12.8 billion by 2027. This growth corresponds to a compound annual growth rate (CAGR) of 11.7% over the forecast period. The market's expansion is driven by the increasing demand for advanced drug discovery techniques and the rising adoption of automation in research laboratories. The HTS technology's capability to rapidly process vast amounts of data to identify potential drug candidates is enhancing its utility in pharmaceuticals, biotechnology, and other research-intensive sectors.
Opportunities within the market are being shaped by the growing focus on personalized medicine and the integration of artificial intelligence with HTS technologies to further streamline and accelerate the drug discovery process. Emerging markets, particularly in Asia-Pacific regions, are expected to experience substantial growth due to their expanding pharmaceutical industries and increasing investments in research and development. The drive towards more efficient and cost-effective screening solutions presents significant opportunities for market players to innovate and cater to evolving demands across global markets.
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Thermo Fisher Scientific Inc.
Agilent Technologies
Inc.
Danaher Corporation
Perkinelmer
Inc.
Tecan Group
Axxam S.P.A.
Bio-Rad Laboratories
Merck Group
Hamilton Company
Corning Incorporated
Biotek Instruments
Aurora Biomed
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global High-throughput Screening Technology Market
Pharmaceutical and Biotechnology Companies
Academic and Government Institutes
Contract Research Organizations
Other End Users
Based on Types the Market is categorized into Below types that held the largest High-throughput Screening Technology market share In 2023.
Cell-Based Assays
Lab-on-a-chip (LOC)
Bioinformatics
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global High-throughput Screening Technology Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global High-throughput Screening Technology Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global High-throughput Screening Technology Market, By Type
6. Global High-throughput Screening Technology Market, By Application
7. Global High-throughput Screening Technology Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global High-throughput Screening Technology Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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