DUBLIN–(BUSINESS WIRE)–The “High
Content Screening Market – Growth, Trends, and Forecast (2019 – 2024)”
report has been added to ResearchAndMarkets.com’s
offering.
The high content screening market was valued at around USD 600 million
and is expected to reach a market value of approximately USD 1.05
billion, by registering a growth rate of 9.8%.
Under the conventional method of toxicity studies, large libraries are
screened in search of potential drug candidates. This method is
expensive, resource- and time-consuming, and has a low success rate.
Consequently, high content screening (HCS) solutions for testing the
potential toxicity of chemicals and complex substances are being adopted
by pharmaceutical companies to improve in-vitro toxicity testing by
reducing the time and cost.
The need for cost containment in pharmaceutical R&D, advancements in
informatics solutions and imaging instruments, and government funding
and venture capital investments across developed markets are the major
factors driving the growth of the high-content screening (HCS) market.
The increasing number of contract research organizations providing HCS
outsourcing services and application of HCS in personalized medicine,
present significant growth opportunities in the market.
Key Market Trends
On the basis of Product Type, Instrument segment led the global
market in 2018
Based on the product segment, the high content screening market is
further segmented into instruments, consumables, software, services, and
accessories. The market for HCS software is expected to increase with
the highest CAGR between 2019 and 2024. Among all high content screening
products, the instrument segment occupies the largest share of the
market. The large share of this segment is attributed to advances in
instrumentation and automation techniques and high prices of HCS
instruments.
APAC region is expected to exhibit the highest growth rate
The high content screening market in APAC is expected to increase at the
highest CAGR during the forecast period. Factors, such as increasing
drug discovery research, government initiatives, growing focus of
multinational companies on emerging markets, and developing R&D
infrastructure are driving the growth of the HCS market in this region.
Competitive Landscape
For compound profiling applications, many pharmaceutical companies are
partnering with contract research organizations to identify potential
candidates for drug discovery. The HCS market is highly competitive in
nature. The majority of large global players are based out of the United
States and these players have expertise in other
biotechnology/medical-technology verticals as well, which helps them in
controlling the major market share, through a presence in the allied
markets.
Key Topics Covered
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Need for Cost Containment in Pharmaceutical R&D
4.2.2 Government Funding and Venture Capital Investments Across
Developed Markets
4.2.3 Advancements in Informatics Solutions and Imaging Instruments
4.3 Market Restraints
4.3.1 Lower Adoption of HCS Instruments Due to Their High Prices
4.4 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Product
5.1.1 Instruments
5.1.1.1 Cell Imaging and Analysis Systems
5.1.1.2 Flow Cytometers
5.1.2 Consumables
5.1.2.1 Reagents and Assay Kits
5.1.2.2 Microplates
5.1.2.3 Other Consumables
5.1.3 Software
5.1.4 Services
5.1.5 Accessories
5.2 Application
5.2.1 Primary and Secondary Screening
5.2.2 Target Identification and Validation
5.2.3 Toxicity Studies
5.2.4 Compound Profiling
5.2.5 Other Applications
5.3 End User
5.3.1 Pharmaceutical and Biotechnology Companies
5.3.2 Academic and Government Institutions
5.3.3 Contract Research Organisation
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Middle East & Africa
5.4.5 South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 GE Healthcare
6.1.2 Danaher Corporation
6.1.3 Perkinelmer Inc.
6.1.4 Thermo Fisher Scientific Inc.
6.1.5 Becton, Dickinson and Company
6.1.6 Biotek Instruments Inc.
6.1.7 Bio-Rad Laboratories Inc.
6.1.8 Yokogawa Electric Corporation
6.1.9 Merck Millipore
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/iep9gn
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Related
Topics: Drug
Discovery