High-Throughput Screening Market Size, Share, Key Players and Future Scope

Biotechnology
High-Throughput Screening Market Size,
Share, Segment Analysis and Forecast
Report 2024
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The global high-throughput screening market is witnessing considerable
growth due to increasing geriatric population, increasing healthcare
expenditure, increasing research and development activities, launch of
technologically advanced products that are miniaturized and automated and
growing popularity of high-throughput screening for drug discovery.
Moreover, high adoption of high-throughput screening models in
pharmaceutical and biotechnology companies across the globe is supporting
the growth of the market. Based on technology, 2D cell culture segment is
expected to grow at the fastest rate during the forecast period owing to its
low cost and ease of use.
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The rapid growth in emerging economies and growing research and
development activities on stem cells and toxicology is expected to create
opportunities for the manufacturers of high-throughput screening products.
However, high cost of high-throughput screening, lack of trained
professionals and complexity in assay development are the key factors
hampering the growth of the global market.
Geographically, North America has been the largest market for highthroughput
screening, owing to its increased awareness, increasing
government funding, established healthcare industry, and easy accessibility
to advanced technologies due to the awareness in the region. The U.S.
contributed largest revenue to the North American as well as global highthroughput
screening market. The increased research and development
activities and increasing prevalence of chronic diseases arising the need for
novel treatments is the key growth driving factor for the U.S. highthroughput
screening market.
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Europe has been the second largest market for high-throughput screening,
where the market is driven by the presence of a large pool of patients,
increasing healthcare expenditure and rapidly developing healthcare
infrastructure. In 2015, Germany led the European high-throughput
screening market and it is also expected to grow at the fastest rate in Europe,
during forecast period. Globally, the high-throughput screening market is
expected to witness the fastest growth in Asia-Pacific during the forecast
period. The highest growth in the region is attributed to the increasing
research and development activities, increasing per capita income leading to
improving standard of living, increasing healthcare spending, growing
demand for better quality medical care, and awareness about highthroughput
screening in the region.
The key players operating in the global market are Agilent Technologies, Inc,
Danaher Corporation, Thermo Fisher Scientific Inc., Merck Millipore, Bio-Rad
Laboratories, Inc., Hamilton Company and Aurora Biomed, Inc.
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