Stellar Innovation to drive the High Content Screening Market
The High Content Screening Market is likely to mark stellar growth in the upcoming period. The current situation calls for conducive integrated healthcare models that do away with middlemen regarding offering various products and services. Drug manufacturers, hospital systems, PBMs (pharmacy benefit managers), wholesale distributors, hospital systems, medical insurers, and retail pharmacy outlets – are all into the integration of healthcare strategies. This would be how the healthcare vertical function in the upcoming period.
The global market for high content
screening is currently witnessing the emergence of several notable trends from
the product, application, and industry perspective. Growing concerns of
pharmaceutical companies towards toxicity studies is shifting focus on
secondary cell screening.
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Further, biotechnology and
pharmaceutical companies are deploying high content screening solutions for
effective risk assessment of critical illnesses to facilitate efficient drug
discovery. Manufacturers in the high content screening market are offering
advanced instruments to facilitate various lab services.
Company Profiles:
- Becton, Dickinson and Company
- Thermo Fisher Scientific Inc.
- GE Healthcare
- Olympus Corporation
- PerkinElmer Inc.
- Merck Millipore Corporation
- Danaher Corporation (Molecular Devices)
- Yokogawa Electric Corporation
- Sysmex Corporation
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These factors are currently trending
the global market for high content screening, as elucidated in a new research
publication by Persistence Market Research.
According to the forecast presented
in the report, the global high content screening market is projected
to register a CAGR of 5.0% during the period 2018 to
2026. Global market revenue is estimated to stand at US$ 1,379.7 Mn
by 2018 end, and this is expected to increase to US$ 2,039.9 Mn by
2026.
The last few years have witnessed
the development of automated systems for the analysis of cell separation and
cellular scalability. An increasing demand for effective therapeutic cell
purification protocols is being observed, leading to a surge in adoption of
high content screening systems in the coming years.
Another factor that is expected to
bode well for the high content screening market is the development of advanced
software with instrumentation that facilitates both qualitative and statistical
image analysis.
High content screening systems help
pharmaceutical and biotechnology companies extract useful multiplex information
from assays, thereby leading to a surge in demand for advanced high content
screening systems from the pharmaceutical industry.
Advancements in the software and
services underpinning high content screening solutions are also being observed
in the global market. Being a highly complex software suite, companies in the
high content screening market are creating better user-friendly and cloud-based
platforms to help address the requirements of end users.
Companies are also launching
integrated solutions that can meet the varying demands from biological and
pharmaceutical companies for advanced cell analysis and cell culture equipment.
Companies in the High Content
Screening Market Entering Into Strategic Partnerships and Setting Up
Manufacturing Hubs at Diverse Locations to Cement Global Market Footing
The global market for high content
screening is expected to witness several strategic alliances among key players
in the near future. One of the main objectives of such collaborations is to be
able to offer high content screening instruments to end users on a large scale
in the global market.
Companies are also looking at the
lucrative markets in India and China to expand their geographical presence,
owing to the increasing number of biotechnology and pharmaceutical companies
and rising investments in healthcare research and development for new drug
discovery in these countries.
Companies operating in the global
high content screening market are also setting up manufacturing facilities
across different geographical locations, with a view to cater to the rising
local demand and augment their overall market presence across the globe.
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New product launches is another key
strategy being adopted by companies in the high content screening market. Being
a highly consolidated market, key players offering high content screening
solutions are focused on introducing new product lines including consumables,
instruments, services, and software; with an objective to sustain their brand
name and restrict the entry of new players in the global high content screening
market.
A heavy pumping in of R&D
investments to facilitate new product launches especially catering to the
requirements of pharmaceutical companies is another trend being observed in the
global market for high content screening. Companies are focusing on developing
advanced reagents that are a crucial component of the cellular screening process
and are also actively engaged in the marketing and distribution of high content
screening solutions in the global market.
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