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.
New York, NY -- (SBWIRE) -- 06/28/2019 -- High throughput screening, also known as high content screening (HCS), is mainly used for conducting various genetic, chemical, and pharmacological tests that aid the drug discovery process starting from drug design to drug trails and other drug interactions. This process involves control software, various devices to handle liquids, and other detectors, which help to rapidly identify active compounds, genetic interactions, and other biomolecular interactions.
However, most of these techniques need expertise and software that can handle and store multiple sets of data at a rapid pace, lack of which is anticipated to inhibit growth prospects.
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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.
Market Segment by Application
2. Toxicology assessment
3. Primary & secondary screening
4. Target identification & validation
5. Other applications
Market Segment by Technology
1. Scaffold-based Technologies
2. Scaffold-free Technologies
3. Other Scaffold-free Technologies
4. Label-free technology
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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.
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