Latest News- High Throughput Screening (HTS) Market: Target identification is expected to lead the Application segment during 2025-2029

The High Throughput Screening (HTS) Market is being driven by Rise in research and development investments

The High Throughput Screening (HTS) Market is expected to grow at a CAGR of 10.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 18803.5 million. In the High Throughput Screening (HTS) market, product promotion and brand visibility play a limited role due to the specialized nature of the offerings and specific end-users. Companies focus on enhancing their distribution networks and ensuring product availability to cater to this niche market. Advertising and marketing for HTS solutions are restricted, and awareness about these technologies remains limited. Thermo Fisher Scientific, a key player in this sector, offers additional support to end-users by providing informative documents, brochures, and interactive videos on platforms like YouTube to explain techniques effectively. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Target identification
  • Primary and secondary screening
  • Toxicology assessment
  • Stem cell research
• End-user
  • Pharmaceutical
  • Academic and research institutes
  • CROs
• Technology
  • Cell-based assays
  • Ultra-high throughput screening
  • Label-free technology
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • India
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rise in research and development investments
• Increasing prevalence of chronic diseases
• Patent expiration of drugs

However, the market also witnesses some limitations, which are as follows:

• Shortage of trained healthcare professionals
• High cost of drug discovery process and limitations of HTS
• Import duty and distribution issues in developing countries

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Market Scope in High Throughput Screening (HTS) Market Research Report

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Research Analysis Overview

The High Throughput Screening (HTS) Market encompasses advanced technologies such as robotic automation, microfluidic devices, and optical imaging for executing large-scale experiments. Techniques like sample preparation methods, label-free detection, luminescence assays, receptor binding assays, enzyme assays, and cell viability assays are employed for target identification. Cytotoxicity assays, phenotypic screening, and high-content screening analysis facilitate lead candidate selection. Downstream studies include drug metabolism studies, in vivo studies, ADMET profiling, efficacy studies, safety studies, toxicity studies, clinical trials, and drug development pipeline management. Data normalization, false positive rate, and false negative rate are crucial aspects of HTS for ensuring accurate results. EC50 and IC50 determination, SAR analysis, and Sar studies are essential components of the screening process.

Market Research Overview

The High Throughput Screening (HTS) market is a significant segment of the global life science tools and services industry, which encompasses companies and solutions for research and development (R&D) of pharmaceuticals, biotechnology, and laboratory diagnostics. This market includes automated liquid handling systems, microplate reader technology, high-content imaging, and compound library management. The expansion of the global life science tools and services market is primarily driven by factors such as the increasing elderly population, leading to a greater demand for healthcare solutions, and the need for more efficient R&D processes to bring new drugs to market. Technavio's market analysis indicates that the market's growth will be fueled by the adoption of advanced technologies like HTS, which streamline the research process and enable the screening of large compound libraries, ultimately leading to increased productivity and innovation.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/