High Throughput Screening Market is expected to reach US$ 28,255.71 million by 2028

Consumables Segment to Lead High Throughput Screening Market During 2021–2028

According to our latest study on “High Throughput Screening Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product and Service, Technology, Application, and End User,” the market is projected to reach US$ 28,255.71 million in 2028 from US$ 15,997.47 million in 2021. The market is estimated to grow with a CAGR of 8.5% from 2021 to 2028. The report highlights the key factors driving the market growth and prominent players with their developments in the market. The growth of the high throughput screening market is primarily attributed to increase in investment in research & development by the pharmaceutical and biotechnology industry and the introduction of technologically advanced products in the high throughput screening market. However, the high cost of high-throughput screening and lack of trained professionals, and complexity in assay development are likely to hamper the growth of the market in the coming years.

Based on product and service, the high throughput screening market is categorized into consumables, instruments, accessories, software, and services. In 2021, the consumables segment held the largest share of the market and is expected to witness the fastest CAGR during the forecast period. Wide ranges of consumables are used in almost every step of an HTS assay. The selection of these consumable materials is highly dependent on the instrument types that will be employed to perform the assay and other budgetary constraints. Microtiter plates, disposable tips, dispenser tubing cartridges and cell culture tools are some examples of consumables that come in direct contact with the assay reagents. Therefore, these products need to be selected with caution and kept consistent throughout the course of the assay validation and the screening endeavor to achieve maximum data reproducibility. HTS technologies are being adopted beyond the traditional geographic markets of Europe and North America. New and existing HTS laboratories in Asia and the rest of the world are increasing their spending on equipment and consumables for HTS.  

Agilent Technologies, Inc.; Axxam S.P.A.; Eurofins Scientific; Corning Incorporated; Molecular Devices, LLC.; Hamilton Company; Merck Group; Perkinelmer, Inc.; Tecan Group; and Thermo Fisher Scientific Inc. are among the leading companies operating in the high throughput screening market.

High Throughput Screening Market, by Region, 2021 (%)

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High Throughput Screening Market Size & Growth Forecast 2028

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High Throughput Screening Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product and Service (Consumables, Instruments, Accessories, Software, and Services), Technology (Cell-Based Assays, Lab-On-A-Chip, Ultra-High-Throughput Screening, Bioinformatics, and Label-Free Technology), Application (Drug Discovery, Biochemical Screening, Life Sciences Research, and Other Applications), End User (Pharmaceutical and Biotechnology Companies, Academic and Government Institutes, Contract Research Organizations (CRO), and Others)

The Report Segments High Throughput Screening Market as Follows:

The high throughput screening market is segmented based on product and service, technology, application, and end-user. Based on product and service, the high throughput screening market is categorized into consumables, instruments, accessories, software, and services. Based on technology, the high throughput screening market has been segmented into cell-based assays, lab-on-a-chip, ultra-high-throughput screening, bioinformatics, and label-free technology. Based on application, the high throughput screening market has been segmented into drug discovery, biochemical screening, life sciences research, and other applications. Based on end-user, the high throughput screening market has been segmented into pharmaceutical and biotechnology companies, academic and government institutes, contract research organizations (CRO), and others.

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of APAC
• Middle East and Africa (MEA)
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA
• South and Central America (SCAM)
  • Brazil
  • Argentina
  • Rest of SCAM