The comprehensive study of “High-throughput Screening Market” report provides deep idea into the market dynamics & overall development of the industry. The report covers growth prospect, current information, market risks involved, cost structure & several other vital information is included in the High-throughput Screening industry report. The latest market study on the High-throughput Screening Market applies the best primary and secondary research techniques to bring the growth rate up to 2024.
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High-throughput Screening Market by Key Players:
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Key Market Trends:
Pharmaceutical and Biotechnology Firms Represent the Largest End Users of High-throughput Screening Modalities.
In order to gain sustainable competitive advantage, most of the large and small biotechnology and pharmaceutical companies are focusing on the development of novel molecules for the treatment of several chronic conditions. The need for rapid and precise screening of several target molecules, during drug discovery and development phases, has led to the adoption of automated high-throughput screening techniques to screen massive chemical and biomarker libraries generated during the research processes. Since an automated HTS system can test 10,000 to 100,000 target compounds per day, and uHTS can test more than 100,000 compounds per day, their adoption for drug discovery and development process has resulted in the market expansion.
North America is Expected to Dominate the Market
North America dominates the global high-throughput screening market, owing to the high adoption rate of HTS in the United States. The growth of the US high-throughput screening market can be attributed to the significant advances in combinatorial chemistry and the field of genomics. In addition, huge investments by the pharmaceutical industry, for HTS technologies, in terms of automation, miniaturization, and assay methodology, have further helped in the growth of the market. Furthermore, the end users of this market have witnessed increasing numbers of leads, clinical candidates, and marketed drugs arising from high-throughput screening.
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