High Content Screening Market: Opportunities and Challenges

November 05 12:27 2019
High Content Screening Market: Opportunities and Challenges

The prominent players in the global high-content screening market are GE Healthcare (U.S.), Danaher Corporation (U.S.), Thermo Fisher Scientific, Inc. (U.S.), PerkinElmer, Inc. (U.S.), Tecan Group (Switzerland), BioTek Instruments Inc. (U.S.), Becton, Dickinson and Company (U.S.)
Due to the rising demand for outsourced service providers in HCS, an increasing number of CROs are offering HCS services. This, in turn, serves as an opportunity for the growth of the HCS market.

The overall High Content Screening Market is expected to grow from USD 506.7 million in 2016 to USD 909.0 million by 2022, at a CAGR of 10.3% from 2017 to 2022, as per a report by MarketsandMarkets. 

Why increasing number of CROs providing HCS services present an opportunity?

HCS is used in several stages of the drug discovery process, including primary and secondary screening, target identification and validation and toxicity studies. As HCS instruments are expensive, they add to the overall drug development expense for pharmaceutical and biopharmaceutical companies. Moreover, budgetary restrictions among academic institutes restrict the purchase of these instruments. Also, the handling of these equipment requires skilled professionals. As a result, many companies and academic institutes prefer to outsource HCS services to CROs. Due to the rising demand for outsourced service providers in HCS, an increasing number of CROs are offering HCS services. This, in turn, serves as an opportunity for the growth of the HCS market.

Download PDF Brochure:

How dearth of knowledgeable and skilled operators of HCS instruments remain a challenge?

HCS instruments such as flow cytometers and multimode readers have relatively complex technologies. Experts with a good knowledge of cell-based assays and handling software & instruments are required for their optimum utilization. However, there is a significant shortage of skilled personnel in this market. A survey conducted by the Association of the British Pharmaceutical Industry (ABPI) in the U.K. revealed a lack of skilled personnel in pharmaceutical companies. Around 93 employees from 59 pharmaceutical companies participated in the survey. More than 50% respondents in the survey expressed an urgent need to improve the availability of staff in 10 discipline areas. Owing to the shortage of skilled and knowledgeable professionals, companies tend to prefer conventional screening methods of cell-based assays; this presents a significant challenge to the growth of the HCS market.

Request Sample Pages:

Browse Related Reports:

Single cell Analysis Market by Cell Type (Human and Animal), Product (Consumables and Instruments), Technique (Flow Cytometry, NGS, PCR, and Mass Spectrometry), Application (Cancer, Neurology, NIPD, IVF, and CTCs), End User – Global Forecasts to 2022

Cell Harvesting Market by Type (Manual, Automated), Application (Biopharmaceutical, Stem Cell Research), End User (Biotechnology, Biopharmaceutical Companies, Research Institute), and Region (North America, Europe, APAC, Row) – Global Forecasts to 2023

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/high-content-screening-market-42710391.html