High Throughput Screening Market Size Worth $30.91 Billion by 2025: Grand View Research, Inc.

High Throughput Screening Market Size Worth $30.91 Billion by 2025: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, May 16, 2018

SAN FRANCISCO, May 16, 2018 /PRNewswire/ --

The global high throughput screening market size is expected to generate a revenue of USD 30.91 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 7.89% during the forecast period. Increasing adoption of faster and accurate technology by pharmaceutical companies to introduce newer molecules in the market is anticipated to provide a significant push to the market.

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High throughput screening is used for testing of molecules in development phase on various grounds such as chemical, pharmaceutical, and genetic reactions. These screenings help in drug design and development based on real time results and near natural conditions that mimic natural reactions between the molecule and the body.

Moreover, this method can be fully automated using required hardware and software capable of handling a fully automated process along with data storage units that store and process considerable amount of data in short span of time.

As of 2016, approximately 55.0% of high throughput screening tests are carried out based on the cell based assays. Cell based assays are used majorly owing to the results that can be obtained at cellular levels along with pathways and mechanism.

These assays range from cytotoxic tests, including apoptosis, to cell metabolic assays. One more major technology implantation is the introduction of 3D - cell culture, which can help mimic natural conditions that give more accurate results and reactions to tests carried on. This trend is estimated to support the growth of the market during the forecast period.

Browse full research report with TOC on "High Throughput Screening (HTS) Market Size, Share & Trends Analysis Report By Application (Drug Discovery, Cell- and Organ-based Screening, Biochemical Screening), By Technology, And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/high-throughput-screening-market

Further Key Findings From the Report Suggest: 

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Grand View Research has segmented the global high throughput screening market by technology, application, and region: 

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About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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