Latin America High Throughput Screening Market By Technology (2017 To 2022)
High throughput screening is a drug discovery technique used for evaluation and screening of a large number of biological modulators and effectors against a selected target
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High throughput screening is a drug discovery technique used for evaluation and screening of a large number of biological modulators and effectors against a selected target. Over the last couple of years, high throughput screening has gained an extensive usage and has become a standard method of drug discovery in the pharmaceutical industry. The main idea behind this technique is to accelerate drug discovery process by screening a large number of compound libraries such as combinatorial chemistry, genomics, protein, and peptide libraries at a rate that may exceed a few thousand compounds per day or week. These methods are also used to describe metabolic, pharmacokinetic and toxicological data for new drugs and thereby eventually reducing the cost of the drug development. High throughput screening comprises of several steps such as target identification, reagent preparation, compound management, assay development and high-throughput library screening.
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Factors such as technological advancements in automation of liquid handling, the creation of novel technological platforms, and development of analytical tools to deal with massive quantities of data have exponentially driven the market for high throughput screening devices market. Growing competition among pharma companies has led to an increased demand for high throughput screening devices. HTS market is expected to witness positive growth due to its inevitable use in the research and production field. Furthermore, the increasing demand in research, huge capital investments in the HTS technology, the rise in outsourced drug discovery services, and increasing utilization rate of HTS technologies by pharmaceutical companies are key factors aiding the market growth. Be that as it may, the capital-intensive nature, need for extensive automation techniques, and high regulatory intervention and costs are turning out to be restraints for the market.
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The Latin America High Throughput Screening market is segmented on the basis of Technology, Application, and Product. On the basis of Technology, the market is segmented into Cell-based Assays, Lab-on-a-chip, Ultra-High-Throughput Screening, and Label-Free Technology Bioinformatics. The Call- Based assays segment is further segmented into 2D and 3D Cell Culture. On the basis of Application, it is segmented into Target Identification, Primary Screening, Toxicology, Others. On the basis of product, the market is segmented into Consumables and Reagents, Instruments, and Software and Services. Consumables and reagents held the largest share of the products and services market. The presence of a wide range of reagents and continual product developments and innovations contributes to their largest share in HTS products and services market. On the basis of end users, the market is segmented into Academic and Government Research Institutes, Pharmaceutical and Biotechnology Companies, Contract Research Organizations and Other End Users. Other end users segment comprises of hospitals and clinics, and food, agriculture, and environmental industries. The pharmaceutical and biotechnology companies segment held the largest share of the market by end users. The widespread use of the HTS technology in pharmaceutical and biotechnology companies for drug discovery applications is the major factor driving the growth of this market.
On the basis of geography, the High Throughput Screening market is segmented into various regions namely Argentina, Brazil and Mexico. Latin America is projected to witness lucrative growth in the coming years. This can be attributed to the growing R&D spending, rising trend of outsourcing drug discovery services; growing public-private partnerships, and increasing government funding.
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The market is dominated by companies like Agilent Technologies Inc., Danaher Corporation, Thermo Fisher Scientific Inc., PerkinElmer Inc., Tecan Group Ltd., Millipore, Bio-Rad laboratories, Hamilton Company, Axxam S.p.A. and Aurora Biomed.
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Market Data Forecast.
Abhishek Shukla
Tel: 18887029626
Email us
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This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results