High-Throughput Screening Market Share

North American Market Forecast

The North American high-throughput screening (HTS) market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the growing pharmaceutical industry owing to the rise in chronic illnesses in the region. The creation and manufacture of new and unique drugs for a variety of life-threatening illnesses such as cancer, cardiovascular disorders, metabolic disorders, immunological disorders, and neurological disorders are a focus of both large and small pharmaceutical businesses in the region. This as result will rise the demand for high throughput screening as it is required for screening novel chemical entities with more efficiency. Further, the rising investment in R&D by pharmaceutical and biotechnology, and increasing technological developments in high-throughput screening (HTS), are also anticipated to contribute to the market growth in the region. Almost half of adult Americans suffer from chronic illnesses, which accounts for over 60% of all fatalities in the United States.

APAC Market Statistics

The Asian Pacific high-throughput screening (HTS) market, amongst the market in all the other regions, is projected to grow with the highest CAGR during the forecast period. The growth of the market can be attributed majorly to the growing cases of chronic diseases in the region. The main causes of mortality and disability in the area are chronic illnesses including diabetes, cancer, heart disease like heart attack, and many more, caused by the growing usage of tobacco and being around smoke. The usage of medicine is one of the most popular techniques to manage chronic illness. The use of HTS in the drug development process allows for the subsequent identification of candidates for the treatment of chronic illnesses including cancer, HIV, and cardiovascular ailments, which is anticipated to contribute to the market growth in the region. In addition, the region's growing healthcare industry and adoption of innovative technology to raise the quality of medication, are also anticipated to boost the market growth during the forecast period. By 2045 India is predicted to have over 130 million people with diabetes.

Europe Market Forecast

Further, the market in Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The growth of the market can be attributed majorly to the growing technologically advanced products in the high throughput screening. For instance, the pharmaceutical and biotech sectors have a significant interest in using AI in HTS. The majority of the biggest biopharmaceutical firms in the region are working together to build AI platforms for enhancing the research capacity of immuno-oncology medications, metabolic disease medicines, cancer treatments, and many other therapeutic targets. In addition, high-throughput screening is also in higher demand since it is necessary to screen novel chemical entities, which in turn is anticipated to contribute to the market growth in the region.