New York, NY -- (SBWIRE) -- 05/20/2019 -- The exponential growth in the rate of data produced is due to the relatively new technology that helps in the accelerated screening of diverse compounds to further identify an active compound. The use of robotics, data processing software, liquid handling devices, and sensitive detectors, high-throughput is used in screening allows researchers to quickly perform millions of chemical, genetic, or pharmacological tests. High throughput screening is used in drug discovery and some fields of biochemistry where researchers can expeditiously identify antibodies, active compounds, or genes that harmonize a particular biomolecular pathway.

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Market Industry Reports (MIR) has published a new report titled High Throughput Screening Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030. According to the report, the global high throughput screening market was valued at over US$ 14.0 Mn in 2017 and is expected to grow at a substantial CAGR during the forecasted period.

Key Vendors

Agilent Technologies, Thermo Fisher Scientific, Danaher Corporation, Corning Incorporated, Aurora Instruments Ltd., BioTek Instruments, Inc., PerkinElmer Inc., Merck KGaA, AXXAM S.p.A., and Tecan Trading AG.

Scope of the Report

The detailed examination of recent developments including collaboration, mergers and acquisitions, investment and product launches have also been performed during the research on the high throughput screening market. Overview of the gradual shift in customer preference, spending power, and consumption volume and production capability helps business owners understand where the market will be heading in the years to come. Vital statistics on distribution channel and supply chain management across different regions are presented through different resources such as tables, charts, and graphic images.

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Some Key Points for TOC

1. Global High Throughput Screening Market - Analysis & Forecast, By Application
1.1. Introduction
1.2. Toxicology assessment
1.3. Primary & secondary screening
1.4. Target identification & validation
1.5. Other applications

2. Global High Throughput Screening Market - Analysis & Forecast, By End User
2.1. Introduction
2.2. Academic And Government Institutes
2.3. Pharmaceutical And Biotechnology Companies
2.4. Contract Research Organizations
2.5. Other End User

The Research Provides Answers to the Following Key Questions:

- What are the expected market size, share, and development rate of the high throughput screening market industry by 2030?

- What are the prominent market drivers responsible for shaping the progress of the high throughput screening market worldwide?

- Who are the key market players operating in the high throughput screening market industry and what competencies have they embraced to stay competitive in the market?

Segmentation by Region

The global high throughput screening market can be segmented into Asia Pacific, North America, Europe, and Rest of World (ROW). The high throughput screening market was dominated by the North American region, which was then followed by Europe and the Asia Pacific. It is estimated that the global high throughput screening market will be dominated by North America due to factors such as the presence of private and public funding and the highly developed healthcare system. At the same time, the Asia Pacific region is likely to have the highest CAGR; the growth of this market would be centered at India, China, and Japan. This growth can be credited to factors like government support and the rising focus of major players in emerging Asian countries.

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