North America High Throughput Screening Market Analysis, Segments, Key Players, Drivers, Trends by Forecast 2022 to 2028
Market Introduction
North America High Throughput Screening Market High-throughput
screening (HTS) is a drug discovery process that allows automated testing of
large numbers of chemical and/or biological compounds for a specific biological
target. High-throughput screening methods are extensively used in the
pharmaceutical industry, leveraging robotics and automation to quickly test the
biological or biochemical activity of many molecules, usually drugs. North
America High Throughput Screening Market They accelerate target analysis, as
large-scale compound libraries can quickly be screened in a cost-effective way.
HTS is a useful tool for assessing for instance pharmacological targets,
pharmacologically profiling agonists and antagonists for receptors (such as
GPCRs) and enzymes.
North America High Throughput Screening
(HTS) Market: Trends, Growth, and Key Insights
Introduction
North America High Throughput Screening Market High
Throughput Screening (HTS) is a modern technology used in drug discovery,
environmental analysis, and biochemistry to rapidly conduct millions of
chemical, genetic, or pharmacological tests. North America High Throughput
Screening Market The HTS process involves using automated equipment and
software to analyze large numbers of biological compounds and their effects on
certain cellular targets, thus accelerating the identification of potential
drug candidates. The North American HTS market is witnessing significant growth
due to the rising demand for efficient drug discovery methods, technological
advancements, and increased investment in research and development (R&D).
This article provides a detailed analysis of the North American HTS market,
examining key trends, growth drivers, challenges, and future projections.
📚 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝
𝐒𝐚𝐦𝐩𝐥𝐞
𝐏𝐃𝐅
𝐂𝐨𝐩𝐲@
https://www.businessmarketinsights.com/sample/TIPRE00024557
Market Overview
North America High Throughput Screening Market The North
American HTS market encompasses a wide range of applications, including drug
discovery, disease research, and toxicology testing. Key players in the market
include major pharmaceutical companies, biotech firms, and academic research
institutions. The region’s dominance in the global HTS market can be attributed
to the advanced infrastructure, substantial R&D investments, and the
presence of leading pharmaceutical and biotechnology companies in the U.S. and
Canada. North America High Throughput Screening Market The demand for HTS is
also driven by the increasing need for precision medicine, personalized
treatment options, and accelerated drug development processes.
North America High Throughput Screening Market According to
industry reports, the North American HTS market is projected to grow at a
significant compound annual growth rate (CAGR) during the forecast period. This
growth can be attributed to factors such as the increasing prevalence of
chronic diseases, the growing adoption of automation technologies, and a surge
in government funding for medical research.
North America High Throughput
Screening Strategic Insights
Strategic insights for the North America High Throughput
Screening provides data-driven analysis of the industry landscape, including
current trends, key players, and regional nuances. These insights offer
actionable recommendations, enabling readers to differentiate themselves from
competitors by identifying untapped segments or developing unique value propositions.
Leveraging data analytics, these insights help industry players anticipate the
market shifts, whether investors, manufacturers, or other stakeholders. North
America High Throughput Screening Market A future-oriented perspective is
essential, helping stakeholders anticipate market shifts and position
themselves for long-term success in this dynamic region. Ultimately, effective
strategic insights empower readers to make informed decisions that drive
profitability and achieve their business objectives within the market.
📚𝐅𝐮𝐥𝐥
𝐑𝐞𝐩𝐨𝐫𝐭
𝐋𝐢𝐧𝐤
@ https://www.businessmarketinsights.com/reports/north-america-high-throughput-screening-market
𝐓𝐡𝐞 𝐋𝐢𝐬𝐭
𝐨𝐟
𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬
Agilent Technologies, Inc.
Axxam S.p.A
Eurofins Scientific
Corning Incorporated
Molecular Devices, LLC.
Hamilton Company
Perkin Elmer, Inc.
THERMO FISHER SCIENTIFIC INC.
MERCK KGaA
Tecan Trading AG
The North America high throughput screening market is
expected to reach US$ 11,271.20 million by 2028 from US$ 6,285.41 million in
2021; it is estimated to register a CAGR of 8.7% from 2021 to 2028. Driving
factors such as an increase in investment in research and development by the
pharmaceutical and biotechnology industry and the introduction of technologically
advanced products in the high throughput screening market are driving the
growth of the market. North America High Throughput Screening Market However,
the lack of proper automation methods is obstructing the growth of the market.
Key Drivers of Growth
1. Rising
Prevalence of Chronic Diseases
Chronic diseases such as cancer, diabetes, cardiovascular disorders, and
neurological diseases have become major health concerns in North America. The
growing prevalence of these diseases is driving the demand for new drugs and
treatments. HTS technology is used extensively to identify novel drug
candidates that could potentially treat these conditions. The ability to
rapidly screen vast chemical libraries against specific disease targets
accelerates the drug discovery process, which is essential in addressing the
rising burden of chronic diseases.
2. Advancements
in Automation and Technology
Recent technological advancements in automation, robotics, and data
analytics have significantly improved the efficiency and accuracy of HTS.
Automation has helped researchers perform millions of assays simultaneously,
reducing the time and costs associated with drug discovery. The integration of
artificial intelligence (AI) and machine learning (ML) with HTS platforms
allows for more precise data interpretation, leading to better decision-making
and faster identification of potential drug candidates. These technological
innovations are likely to further boost the growth of the HTS market in North
America.
3. Government
Support and Research Funding
Governments in North America, especially the U.S., have been consistently
investing in medical and pharmaceutical research. Funding from agencies such as
the National Institutes of Health (NIH) and the U.S. Food and Drug
Administration (FDA) has significantly contributed to advancements in HTS
technologies. Furthermore, government initiatives aimed at fostering innovation
in drug development and biotechnology research are expected to drive the demand
for HTS services and solutions.
4. Growing
Pharmaceutical and Biotechnology Industry
The pharmaceutical and biotechnology sectors are key end-users of HTS
technologies. North America is home to a large number of pharmaceutical
companies and biotech startups that are actively involved in drug discovery and
development. With the rising demand for innovative therapies and the increasing
number of clinical trials, these companies are investing heavily in HTS to
identify and develop new drug candidates. The growing emphasis on personalized
medicine and targeted therapies is also expected to fuel the demand for HTS
platforms in the region.
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
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