High-Throughput Screening Market Analysis

Products & Services (Consumables, Instruments, Software, Services)

The global high-throughput screening (HTS) market is segmented and analyzed for demand and supply by-products into consumables, instruments, software, and services. Out of the four products, the consumables segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the increasing demand for new and advanced drugs. The adoption of HTS for developing new drugs is anticipated to create numerous opportunities for the growth of the segment. For instance, microplates, pipette tips, and assay plates are consumables that are essential to the HTS workflow. In addition, improvements in HTS technology that enable more intricate and varied screening trials rises the demand for consumables. Furthermore, the need for specialized consumables will probably increase as HTS technologies develop further. By 2026, over 200 new medications are anticipated to be released across the globe.

End-user (Pharmaceutical & Biotechnology Firms, Academia & Research Institutes)

The global high-throughput screening (HTS) market is also segmented and analyzed for demand and supply by end-user into pharmaceutical & biotechnology firms, academia & research institutes, and contract research organizations. Amongst these three segments, the pharmaceutical & biotechnology firms segment is expected to garner a significant share. The growth can be attributed to the increasing creation of new compounds to cure many chronic diseases. High-throughput screening (HTS) is widely used in the pharmaceutical and biotechnology industries to find new drugs. Further, the drug development process has been transformed by HTS technology, which allows scientists to quickly screen millions of molecules. As a result, several novel medications have been created to treat a variety of illnesses and ailments, such as cancer, cardiovascular, and infectious diseases. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.

Our in-depth analysis of the global market includes the following segments: