HIGH-THROUGHPUT SCREENING MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


High-throughput Screening Market Analysis:

The High-throughput Screening Market is anticipated to experience a Compound Annual Growth Rate (CAGR) of approximately 7.8% during the forecast period spanning from 2022 to 2027.

The emergence of the COVID-19 pandemic has had a detrimental impact on the global economy and healthcare system, with a significant effect on the High-throughput Screening Market. Notably, a publication titled ‘High-throughput screening assays for SARS-CoV-2 drug development: Current status and future directions’ released in October 2021 highlights the usefulness of high-throughput screening in identifying new lead compounds for antiviral drug development. Systematic mining of a substantial quantitative high-throughput screening (HTS) database has revealed the potential of the autophagy and AP-1 signaling pathways as promising targets for COVID-19 therapies. Consequently, the COVID-19 pandemic has influenced the growth of the market.

Several factors are driving the expansion of the market, including the availability of open access to high-throughput screening laboratories, technological advancements in high-throughput screening, and increased usage in universities and research centers.

In recent years, there has been a significant increase in the number of high-throughput screening (HTS) facilities accessible to the public. These facilities range from modestly equipped university screening facilities to expansive molecular libraries and probe centers networks. They employ both conventional and cutting-edge assay technology to conduct primary and secondary screening campaigns, providing a comprehensive method of probe discovery in academia. One of the significant advantages of these centers is the sharing of knowledge among scientists and researchers. For example, the Columbia Genome Center offers high-quality molecular screening services to investigators throughout the Columbia University research community. Additionally, the European counterpart of the National Institutes of Health (NIH) program, EU-open-screen, provides open access to all European companies engaged in chemical biology. The association of high-throughput screening (HTS) centers aims to provide valuable information about the drug or target, or the entire process. Thus, open access provides a better platform for knowledge sharing and can help optimize the entire process, which may drive the demand for HTS technology among end-users.

However, the high capital investment and the need for extensive automation techniques are likely to impede the growth of the market during the forecast period.

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