North America Leads Global High Throughput Screening Market, Says Meticulous Research in Its New Report Recently Added at MarketPublishers.com
26 Oct 2017 • by Natalie Aster
LONDON – Spurred by rising adoption of innovative solutions in biotechnology and pharmaceutical companies, increasing investments by venture capitalists and private equity firms, enhancing government funding for different R&D activities, escalating healthcare expenditures and continued technological progress, the world’s market for high throughput screening is set to follow an upward trend in the foreseeable future. Between 2017 and 2022, the market us projected to grow at an 8% CAGR to go beyond the value of USD 21.91 billion.
Furthermore, uptake in research in toxicology and stem cell fields is likely to open more lucrative growth opportunities for the high throughput screening market players.
Meantime, the market growth could be restrained by intricacy in the sphere of assay development, high cost for HTS and governmental regulations regarding drug development, to name a few challenges.
North America grabs the biggest share of the overall high throughput screening market. it is followed by APAC and Europe. The dominance of the North American region is attributed primarily to high number of elderly people in this region and a hike in R&D expenditures in the biotechnology and biopharmaceuticals industries. However, the highest growth rates through 2022 are expected in the APAC high throughput screening market; this regional market will likely be driven by robust population growth, increasing prevalence of different disease and also rising R&D funding for drugs discovery and development.
New research report “High Throughput Screening Market- Global Opportunity Analysis And Industry Forecasts (2017-2022)” elaborated by Meticulous Market Research delves into the global market scenario as well as covers the actual situation across various regions. Besides, this research report examines the market dynamics and the major growth influencing factors, points out the major growth threats and opportunities, outlines the top trends and also touches upon the recent developments. Furthermore, this study includes relevant info on the competitive landscape and top players, provides a granular analysis of the market segmentation with updated estimates of size, shares and growth rates for each segment. In addition, a future outlook for the high throughput screening market through 2022 is also at hand in this report.
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