Market Introduction
High-throughput screening (HTS) is a drug discovery process that allows automated testing of large numbers of chemical and/or biological compounds for a specific biological target. High-throughput screening methods are extensively used in the pharmaceutical industry, leveraging robotics and automation to quickly test the biological or biochemical activity of many molecules, usually drugs. They accelerate target analysis, as large-scale compound libraries can quickly be screened in a cost-effective way. HTS is a useful tool for assessing for instance pharmacological targets, pharmacologically profiling agonists and antagonists for receptors (such as GPCRs) and enzymes.
Market Overview and Dynamics
The South and Central America high throughput screening market is expected to reach US$ 1,121.75 million by 2028 from US$ 659.10 million in 2021; it is estimated to register a CAGR of 7.9% from 2021 to 2028. Driving factors such as an increase in investment in research and development by the pharmaceutical and biotechnology industry and the introduction of technologically advanced products in the high throughput screening market are driving the growth of the market. However, the lack of proper automation methods is obstructing the growth of the market.
An increase in R&D investments by pharmaceutical and biotechnology companies and extensive drug pipelines for the treatment of various chronic diseases, such as cancer, cardiovascular disorders, metabolic disorders, immunological disorders, and neurological disorders are the prominent drivers for the high throughput screening market. Several big and small pharmaceutical companies are engaged in the development and manufacturing of new and novel molecules for various life-threatening conditions. This has led to the adoption of automated high-throughput screening (HTS) techniques to screen huge chemical libraries to meet the needs of ever-increasing drug target molecules. Pharma and biotech companies have substantially invested in high throughput screening techniques in the past decade. High-throughput screening has been regarded as a key technology in the drug discovery process. Large pharmaceutical companies invest up to US$ 35 million annually in screening technologies. The major proportion of these investments goes into the development of new assays. Thus, an increase in investment in research and development by the pharmaceutical and biotechnology industry is expected to help boost the market growth. Furthermore, there is an increase in demand for high throughput screening owing to the need for screening the new chemical entities with more efficient and productive optimization of drug molecules. Technological advancements in HTS techniques and the launch of innovative systems by various market players are expected to propel the market growth.
South and Central America have been witnessing a growing number of COVID-19 cases since its outbreak. State-run hospitals and clinics are already overstressed due to the treatment of vector‐borne diseases, community‐acquired infections, and high rates of non‐communicable diseases (NCDs). The consequences of a lack of investment in public healthcare systems are being greatly witnessed during the pandemic. The COVID‐19 pandemic is exacerbating these inequalities by exposing the inadequate infrastructure and capacity of government‐owned healthcare systems. Thus, the factors mentioned above are negatively impacting the growth of the market in the region.
Key Market Segments
The South and Central America high throughput screening market, based on product and service, is subsegmented into consumables, instruments, accessories, software, and services. The consumables segment is further sub-segmented into reagents and assay kits and laboratory equipment. Furthermore, the instruments are further sub-divided into liquid handling systems and detection systems. In 2021, the consumables segment is expected to hold the largest share of the market and is expected to register the highest CAGR during 2021– 2028.
The South and Central America high throughput screening market, based on technology, was segmented into cell-based assays, lab-on-a-chip, ultra-high-throughput screening, bioinformatics, and label-free technology. In 2021, the cell-based assays segment is expected to hold the largest share of the market; however, the lab-on-a-chip segment is expected to register the highest CAGR during the forecast period.
The South and Central America high throughput screening market, based on application, is subsegmented into drug discovery, biochemical screening, life sciences research, and other applications. In 2021, the drug discovery segment is expected to hold the largest share of the market and is expected to register the highest CAGR during the forecast period.
The South and Central America high throughput screening market, based on end user, was segmented into pharmaceutical and biotechnology companies, academic and government institutes, contract research organizations (CRO), and others. In 2021, the pharmaceutical and biotechnology companies segment is expected to hold the largest share of the market. However, the contract research organizations (CRO) segment is expected to grow at the fastest CAGR during the forecast period.
Major Sources and Companies Listed
A few of the primary and secondary sources associated with this report on the South and Central America high throughput screening market are the Pharmaceutical Research and Manufacturers of America (PhRMA), Ministry of Health in Argentina (ANMAT) and National Center for Biotechnology Information (NCBI).
Reasons to buy the report
SOUTH AND CENTRAL AMERICA HIGH THROUGHPUT SCREENING MARKET SEGMENTATION
By Product and Services
By Technology
By Application
By End User
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 659.10 Million |
| Market Size by 2028 | US$ 1,121.75 Million |
| CAGR (2021 - 2028) | 7.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product and Service
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South and Central America High Throughput Screening Market is valued at US$ 659.10 Million in 2021, it is projected to reach US$ 1,121.75 Million by 2028.
As per our report South and Central America High Throughput Screening Market, the market size is valued at US$ 659.10 Million in 2021, projecting it to reach US$ 1,121.75 Million by 2028. This translates to a CAGR of approximately 7.9% during the forecast period.
The South and Central America High Throughput Screening Market report typically cover these key segments-
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The South and Central America High Throughput Screening Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
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