Connect with us

Technology

High Throughput Screening (HTS) Market size is set to grow by USD 19.9 billion from 2024-2028, Rise in R and D investments to boost the market growth, Technavio

Published

on

NEW YORK, July 22, 2024 /PRNewswire/ — The global high throughput screening (HTS) market size is estimated to grow by USD 19.9 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 12.12%  during the forecast period.  Rise in R and D investments is driving market growth, with a trend towards increasing focus on promotional activities. However, shortage of trained healthcare professionals  poses a challenge. Key market players include Agilent Technologies Inc., Aurora Biomed Inc., Axxam Spa, Beckman Coulter Inc., Bio Rad Laboratories Inc., Biomat Srl, BMG LABTECH GmbH, Charles River Laboratories International Inc., Corning Inc., Danaher Corp., DIANA Biotechnologies s.r.o, HighRes Biosolutions, JSR Life Sciences LLC, Lonza Group Ltd., Merck KGaA, NanoTemper Technologies GmbH, PerkinElmer Inc., Sygnature Discovery Ltd., Tecan Trading AG, and Thermo Fisher Scientific Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Target identification and validation, Primary and secondary screening, Toxicology assessment, and Stem cell research), End-user (Pharmaceutical and biotechnology companies, Academic and research institutes, and CROs), and Geography (North America, Europe, Asia, and Rest of World (ROW))

Region Covered

North America, Europe, Asia, and Rest of World (ROW)

Key companies profiled

Agilent Technologies Inc., Aurora Biomed Inc., Axxam Spa, Beckman Coulter Inc., Bio Rad Laboratories Inc., Biomat Srl, BMG LABTECH GmbH, Charles River Laboratories International Inc., Corning Inc., Danaher Corp., DIANA Biotechnologies s.r.o, HighRes Biosolutions, JSR Life Sciences LLC, Lonza Group Ltd., Merck KGaA, NanoTemper Technologies GmbH, PerkinElmer Inc., Sygnature Discovery Ltd., Tecan Trading AG, and Thermo Fisher Scientific Inc.

Key Market Trends Fueling Growth

The High Throughput Screening (HTS) market faces unique challenges due to the specialized nature of its products and niche end-users. Brand and product visibility play a limited role in sales. Instead, vendors focus on enhancing their distribution networks and ensuring product availability. HTS advertising and marketing are restricted, and awareness is lacking. Thermo Fisher Scientific and Bio-Rad Laboratories use websites, documents, brochures, and interactive videos on YouTube to educate end-users. Workshops are also being conducted to increase awareness. Advanced product development is leading market participants to recognize the importance of promotional activities and awareness programs. These factors are expected to boost the global HTS market during the forecast period. 

High-throughput screening (HTS) is a key trend in the biotech industry, enabling researchers to test large compound libraries for potential drug candidates. Pharmaceutical corporations, biotech startups, academic institutions, and research organizations are leveraging HTS to tackle complex illnesses like cancer and neurological disorders. HTS involves using specialized equipment such as robotic arms, microplate readers, and high-resolution imaging systems for automating target identification and data analysis. Data analytics plays a crucial role in HTS, with machine learning and data management systems used for data organization, retrieval, integration, and storage. Carrier screening market and stem cell research also benefit from HTS. Drug repurposing initiatives, like Adcetris from Seagen, are gaining traction, and collaborative networks among HTS service providers facilitate open innovation models. The biopharmaceutical industry’s focus on precision medicine drives the demand for HTS, with companies investing in computing foundations and chemical databases to support genomic data analysis. Despite advancements, challenges such as false-positive findings and maintenance of specialized equipment persist. The global healthcare sector continues to embrace HTS, fueling growth in this market. Companies like Relay Therapeutics and Biotechnology startups are leading the charge in HTS-driven drug discovery. Toxicology and open innovation models further expand HTS applications. 

Discover 360° analysis of this market. For complete information, schedule your consultation- Book Here!

Market Challenges

The High Throughput Screening (HTS) market faces challenges due to the shortage of skilled professionals in pharmaceutical and biotechnology facilities and laboratories. HTS requires specialized expertise to operate the sensitive equipment and conduct tests effectively. In developing countries, the healthcare system lacks the necessary resources and trained personnel, which hinders the adoption of HTS technology. The absence of skilled technicians can lead to non-compliance, product failures, and significant financial losses for companies. Additionally, the poor healthcare infrastructure and low awareness about advanced technologies in these regions further impede the growth of the HTS market. Government investment in improving healthcare facilities and promoting awareness about HTS technology could help address these challenges and drive market expansion.The High-Throughput Screening (HTS) market is a significant segment of the biotechnology industry, serving the needs of pharma companies, research organizations, and biopharmaceutical industry players. The market faces challenges in areas like carrier screening, target identification, and drug repurposing initiatives. Machine learning and open innovation models are being adopted to overcome these challenges. Relay Therapeutics, a biotech startup, is leveraging HTS for drug discovery using cell-based assays and label-free technology. HTS involves using instruments like robotic arms and microplate readers, along with software and services for data management, storage, organization, retrieval, and integration. Consumables, chemical databases, genomic data, and detection techniques are essential components. HTS is used in stem cell research, toxicology, and precision medicine, and collaborative networks help share knowledge and resources. HTS service providers offer a range of products and services, including instruments, software, and consumables, to support drug development and clinical trials. Technology advancements include lab-on-a-chip and biochemical screening. The global healthcare sector stands to benefit significantly from these innovations.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This high throughput screening (hts) market report extensively covers market segmentation by

Application 1.1 Target identification and validation1.2 Primary and secondary screening1.3 Toxicology assessment1.4 Stem cell researchEnd-user 2.1 Pharmaceutical and biotechnology companies2.2 Academic and research institutes2.3 CROsGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Target identification and validation-  The global High Throughput Screening (HTS) market is driven by the increasing burden of chronic diseases, such as cardiovascular diseases, cancer, and respiratory diseases, which necessitates early and comprehensive target identification and validation. Pharmaceutical companies are continuously outsourcing target identification and validation services to meet the rising demand for accurate analytical details on drugs and process development by regulatory agencies. The segment’s growth is further fueled by the increasing pipeline for biological candidates and advancements in target identification and validation using advanced bioinformatics tools, automated experimental designs, and AI and ML algorithms. These factors are expected to foster the growth of the target identification and validation segment in the global HTS market during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Toxicology Testing Market is experiencing significant growth due to rising awareness of drug safety and stringent regulatory policies. Meanwhile, the global Genome Editing Market is expanding rapidly, driven by advancements in CRISPR technology and increased investment in genetic research. Additionally, the global Modular Laboratory Automation Market is thriving as laboratories seek efficient, scalable solutions to enhance productivity and accuracy. Together, these markets represent pivotal areas in the biotechnology and healthcare sectors, fostering innovation and improving outcomes across various scientific and medical disciplines.

Research Analysis

High-throughput screening (HTS) is a critical technology in the field of drug discovery and research, enabling the rapid and efficient identification of potential therapeutic compounds. HTS utilizes large compound libraries, often numbering in the millions, to screen for compounds that exhibit desirable biological activity. Academic institutions and biotech startups collaborate with pharmaceutical corporations to leverage their expertise and resources in this area. Complex illnesses such as cancer and neurological disorders are major targets for HTS, with a focus on developing new treatments and repurposing existing drugs. Robotic arms, microplate readers, high-resolution imaging systems, and data management systems are essential tools in the HTS process. Data analytics plays a crucial role in organizing, retrieving, integrating, and storing data from HTS experiments. Chemical databases, research organizations, toxicology, open innovation models, and the global healthcare sector are also integral components of the HTS market. Adcetris from Seagen is an example of a successful drug discovered through HTS. Drug repurposing, stem cell research, and data retrieval are other areas of focus in the HTS market.

Market Research Overview

High Throughput Screening (HTS) is a critical technology in the life sciences sector, enabling the rapid and efficient identification of potential drug candidates for complex illnesses such as cancer and neurological disorders. HTS utilizes compound libraries, automation, and specialized equipment like robotic arms, microplate readers, and high-resolution imaging systems to screen large numbers of compounds against specific targets. Data analytics plays a crucial role in HTS, with machine learning and data management systems used to organize, retrieve, integrate, and analyze vast amounts of genomic data and chemical information. Collaborative networks and HTS service providers facilitate open innovation models and knowledge sharing among academic institutions, biotech startups, pharmaceutical corporations, and research organizations. Drug repurposing initiatives, such as those by Biotechnology startups like Relay Therapeutics, offer new opportunities for discovering existing drugs with potential applications for new diseases. The biopharmaceutical industry, global healthcare sector, and precision medicine are major markets for HTS, with a focus on detection techniques, clinical trials, and the development of products and services including consumables, software, and services. Technology advancements like cell-based assays, lab-on-a-chip, and label-free technology continue to drive innovation in HTS. Toxicology and stem cell research are also significant applications of HTS. Overall, HTS is a vital component of drug discovery and development, contributing to the advancement of new treatments for chronic diseases and other health conditions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationTarget Identification And ValidationPrimary And Secondary ScreeningToxicology AssessmentStem Cell ResearchEnd-userPharmaceutical And Biotechnology CompaniesAcademic And Research InstitutesCROsGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/high-throughput-screening-hts-market-size-is-set-to-grow-by-usd-19-9-billion-from-2024-2028–rise-in-r-and-d-investments-to-boost-the-market-growth-technavio-302202266.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Docking Drawer to Revolutionize Appliance Garage Safety at KBIS 2025

Published

on

By

Docking Drawer, the leader in in-drawer outlet solutions, is set to showcase its newly configured Safety Interlock Outlets for appliance garages at the Kitchen & Bath Industry Show (KBIS) in Las Vegas this February 2025.

SAN RAMON, Calif., Jan. 11, 2025 /PRNewswire-PRWeb/ — Docking Drawer’s Unwavering Dedication to Safety

“At Docking Drawer, we’re not just creating products; we’re setting new standards for safety and functionality.”

When it comes to safety, no one in the industry matches the focus and innovation of Docking Drawer. Their Safety Interlock Outlets for appliance garages bring a unique, forward-thinking solution to an often-overlooked area in kitchen design. These safety outlets automatically de-energize an appliance garage power source when the cabinet door is closed, ensuring that appliances are safely powered off when contained inside the cabinet.

Docking Drawer is also the only company dedicated to creating in-cabinet electrical solutions that meet the strict code requirements of the Canadian marketplace. Their Safety Interlock Outlets are designed to make in-cabinet electricity compliant in Canada while offering consumers in all regions an additional layer of safety for in-cabinet power.

Advanced Limit Switch Technology

Docking Drawer’s Safety Interlock Outlets for appliance garages utilize an advanced Limit Switch system, designed to work seamlessly with power outlets concealed by a cabinet door. This intuitive feature detects when the cabinet door is closed, instantly cutting power to the connected outlet and all powered appliances.

Now Compatible with Any Appliance Garage Door

An updated Limit Switch feature now offers different switch options to accommodate all appliance garage door types, including traditional cabinet doors, pocket door setups, and more. The newly designed Limit Switch now offers two functions to choose from:

Power Off When Limit Switch is Depressed: This state is ideal for traditional cabinet doors, where closing the door depresses the switch to cut power safely.Power On When Limit Switch is Depressed: This state is perfect for pocket doors, where the door being pushed back upon opening activates the switch, turning the power on.

Customizable Connectivity

The flexibility of Docking Drawer’s solutions also allows for connecting multiple limit switches to a single safety outlet or vice versa, offering customization options to adapt to the unique demands of any project.

“At Docking Drawer, we’re not just creating products; we’re setting new standards for safety and functionality,” states Scott Dickey, founder of Docking Drawer. “Our Safety Interlock Outlets represent the culmination of our dedication to innovation and empowering homeowners and professionals with safer, more organized spaces—even beyond the kitchen and bathroom.”

Join Us at KBIS 2025

Don’t miss the opportunity to experience the future of kitchen safety. Visit Docking Drawer at KBIS 2025 in Las Vegas this February to see firsthand how their Safety Interlock Outlets are revolutionizing appliance garage safety.

About Docking Drawer:

Founded in 2014, Docking Drawer offers a full array of ETL Listed electrical solutions. From our core in-drawer outlets developed specifically for use inside the drawer to our family of safety interlock outlets which add peace of mind to in-cabinet electrical setups, our products are designed to create more organized, functional and safer spaces.

Media Contact

Paul Hostelley, Docking Drawer, 1 530-362-5055, paul@dockingdrawer.com, dockingdrawer.com

View original content:https://www.prweb.com/releases/docking-drawer-to-revolutionize-appliance-garage-safety-at-kbis-2025-302347293.html

SOURCE Docking Drawer

Continue Reading

Technology

More than 85 Governments to Gather in Riyadh to Lead Global Action on Minerals at Fourth Future Minerals Forum

Published

on

By

RIYADH, Saudi Arabia, Jan. 11, 2025 /PRNewswire/ — Over 85 governments from key mineral-producing and consumer nations, including 16 countries from the leading G20 economies, and 50 ministers and 13 vice ministers – have confirmed they will join the 2025 FMF Ministerial Roundtable on January 14, 2025.

The Ministerial Roundtable, a multi-stakeholder, government-led initiative, is the traditional opener of FMF, spurring international action to increase investment in mineral supply and build capacity in the Super Region of Africa, Western and Central Asia, and other supply regions. It is set to be the largest and most senior gathering of mineral resources officials in the world

Discussion will cover progress made over the past year on the three Ministerial Roundtable initiatives:

Development of an International Critical Minerals FrameworkEstablishment of Centers of Excellence to build capacity in sustainability (Morocco), talent development (South Africa), and technology innovation (Saudi Arabia).Advancements in Certification Systems to ensure responsible mineral sourcing.

His Excellency Khalid Al-Mudaifer, the Vice-Minister for Mining Affairs of Saudi Arabia’s Ministry of Industry and Mineral Resources, emphasizes that, “The meeting is an important step towards achieving sustainable development in the minerals sector globally. It is an ideal platform for delivering solutions, developing legislation on best practices in the field of sustainable mining, and exploring ways to invest in mining projects to achieve economic and social development in producing countries.”

Joining him are high-profile leaders, including ministers from supplier and financing like Brazil, South Africa, DRC, India, Egypt, Italy, Nigeria, Qatar, Pakistan, Kazakhstan, Uzbekistan, Malaysia, Thailand, Morocco, Indonesia, France, USA and the United Kingdom, discussing opportunities for global cooperation.

 “This year, discussions will seek to enhance collaboration between governments, industry, and communities to drive more investment in minerals, and development through value addition in supplier countries. We want to support the pressing need for sustainable mining practices, resilient supply chains, and value-driven partnerships in the minerals industry.”

Importantly, the outcomes of the Ministerial Roundtable are not confined to the event itself but form an ongoing, year-round program. Regional Coordination Groups will continue to drive the implementation of key initiatives.

“FMF is emerging as the largest global hub for minerals collaboration and action – no other platform brings together government ministers and senior industry leaders at this scale.” Al-Mudaifer concluded.

 

SOURCE Future Minerals Forum

Continue Reading

Technology

LANDI Global Unveils Flagship Cx20: Elevating business efficiency and customer experience with a next-generation Windows-powered terminal

Published

on

By

SINGAPORE, Jan. 11, 2025 /PRNewswire/ — LANDI Global proudly announces the launch of the Cx20 terminal, our flagship next-generation smart Windows Desktop POS.

Engineered for businesses that seek advanced technology and refined design, the Cx20 delivers top-tier performance with seamless compatibility. This powerful Desktop POS empowers users to handle even the most challenging tasks with confidence, making it ideal for demanding environments.

Innovation driven by market needs

The Cx20 is designed to meet the growing global demand for Windows-based Desktop POS.

With a large Windows-installed base still in use and the end of support for Windows 10, many businesses are seeking an easy migration path to Windows 11-compatible POS solutions. The Cx20 integrates seamlessly with existing Windows-based applications and back-end systems, ensuring minimal disruption and maximum compatibility.

Build for Business Demand  

The Cx20 is built to meet the demands of businesses with its powerful performance, robust connectivity, and user-friendly design.

Equipped with advanced industrial control chips, running on Windows 11 IoT LTSC, the Cx20 benefits from Microsoft’s long-term support of up to 10 years+, delivering consistent performance for high-demand workloads and efficient multitasking.

Connectivity is seamless, with Wi-Fi 6e and 1000M Ethernet support, ensuring constant, reliable connectivity essential for uninterrupted business operations.

Its 15.6″ IPS with 1920×1080 resolution, multi-touch display ensures crystal-clear visuals and an intuitive user experience.

Outstanding performance and customer benefit

The Cx20 is powered by a Hexa-core Intel® i3-1215U processor, reaching speeds up to 4.4GHz. With compatibility for Windows 11 IoT, it excels at handling high-demand workloads and multitasking, making it the ideal POS solution for businesses.

Memory options range from 8GB + 256GB as a base, ensuring versatility to meet various operational needs while maintaining a seamless experience for complex tasks. The Cx20 is equipped with an integrated 80mm thermal printer featuring auto-cutter technology, ensuring efficient printing, and LANDI’s patented auto-recovery technology automatically resolves paper jams for uninterrupted service.

Distinct competitive advantages

The Cx20 stands out with its perfect blend of cutting-edge design and high-performance functionality.

Equipped with the latest Intel® processors and generous memory options, it delivers smooth operation and efficient multitasking, making it ideal for demanding retail and hospitality environments.

Cx20 features an ultra-slim triangular base for added stability and a sleek profile. With a body thickness of 4mm and a screen thickness of 8mm, it combines state-of-the-art technology.

Visit LANDI Global for more information!

View original content to download multimedia:https://www.prnewswire.com/news-releases/landi-global-unveils-flagship-cx20-elevating-business-efficiency-and-customer-experience-with-a-next-generation-windows-powered-terminal-302348520.html

SOURCE LANDI Global

Continue Reading

Trending