The size of the High Throughput Screening Market in the Asia Pacific is anticipated to grow at 9.32% CAGR from 2019 to 2024, and it is estimated that the Asia Pacific market was valued at USD 2.59 billion in 2019 and is expected to reach USD 4.05 billion by 2024.
The significant factors which are fueling the growth of the Asia Pacific high throughput screening market are low raw material and labor costs, availability of government funding, advancements in liquid automation handling technology. Furthermore, the advancements in the high number of assay kits and reagents used in high throughput screening techniques, rise in several potential drug targets, rise in outsourced drug discovery services, intensifying competition between pharmacy companies leading to high investments in high throughput screening market. Increasing demand and a growing number in applications of high throughput screening devices in the pharmacy industry is also adding support to market growth.
Emerging economies of Asia Pacific countries like China and India and others are providing an enormous number of growth opportunities of the market due to significant push for research by governments of these countries in the life sciences industry, rise in the number of patients and elderly population, advancements in the clinical and pharmaceutical industry.
The challenges that are restricting the growth of the Asia Pacific high throughput screening market are costs, the requirement of extensive automation techniques, capital intensive nature, imposing regulatory, and accurate implantation of fluid handling in the pharmacy industry, which increases costs. High Maintenance costs, other indirect expenses, high requirement for instruments in biotechnological and pharmacy companies leading to a notable rise in capital costs of these companies are likely to hinder the high throughput screening market during the forecast period.
Asia Pacific is expected to register the highest CAGR during the forecast period. It can be attributed to the growing R&D spending, the rising trend of outsourcing drug discovery services, growing public-private partnerships, and increasing government funding.
The Top companies leading in the APAC High Throughput Screening Market profiled in the report are 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.
This research report has been segmented and sub-segmented into the following categories:
By Product:
By Technology:
By Application:
By End User:
By Country:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 Consumables and Reagents
5.1.3 Instruments
5.1.4 Software and Services
5.1.5 Y-o-Y Growth Analysis, By Product
5.1.6 Market Attractiveness Analysis, By Product
5.1.7 Market Share Analysis, By Product
5.2 Technology
5.2.1 Introduction
5.2.2 Cell-based Assays
5.2.2.1 2D Cell Culture
5.2.2.2 3D Cell Culture
5.2.2.2.1 Scaffold-Based Technology
5.2.2.2.1.1 Hydrogels
5.2.2.2.1.2 Inert Matrix/Solid Scaffolds
5.2.2.2.2 Scaffold-Free Technology
5.2.2.2.2.1 Microplates
5.2.2.2.2.2 Hanging-Drop Plates
5.2.2.2.2.3 Ultra-Low Binding Plates
5.2.2.2.2.4 Other Scaffold-Free Technologies
5.2.2.3 Perfusion Cell Culture
5.2.3 Lab-on-a-chip
5.2.4 Ultra-High-Throughput Screening
5.2.5 Label-Free Technology
5.2.6 Bioinformatics
5.2.7 Y-o-Y Growth Analysis, By Technology
5.2.8 Market Attractiveness Analysis, By Technology
5.2.9 Market Share Analysis, By Technology
5.3 Application
5.3.1 Introduction
5.3.2 Target Identification
5.3.3 Primary Screening
5.3.4 Toxicology
5.3.5 Others
5.3.6 Y-o-Y Growth Analysis, By Application
5.3.7 Market Attractiveness Analysis, By Application
5.3.8 Market Share Analysis, By Application
5.4 End User
5.4.1 Introduction
5.4.2 Pharmaceutical And Biotechnology Companies
5.4.3 Academic And Government Research Institutes
5.4.4 Contract Research Organizations
5.4.5 Other
5.4.6 Y-o-Y Growth Analysis, By End User
5.4.7 Market Attractiveness Analysis, By End User
5.4.8 Market Share Analysis, By End User
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By Technology
6.1.3.4 By Application
6.1.3.5 By End User
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By Technology
6.1.4.4 By Application
6.1.4.5 By End User
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Technology
6.1.5.4 By Application
6.1.5.5 By End User
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Agilent Technologies Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Danaher Corporation
8.3 Thermo Fisher Scientific Inc.
8.4 PerkinElmer Inc.
8.5 Tecan Group Ltd.
8.6 Millipore
8.7 Bio-Rad laboratories
8.8 Hamilton Company
8.9 Axxam S.p.A.
8.10 Aurora Biomed.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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