Summary:According to Coherent Market Insights, Cell imaging and analysis equipment segment in the global high content screening (HCS) market is expected to exhibit a CAGR of 5.8%% during the forecast period (2020-2027).
Key Trends:
The steep rise in demand for better and cost-effective methods of drug discovery and clinical trials and increased knowledge of pharmacogenetics and pharmacokinetics are factors inclining the clinicians toward high-content screening of certain medications.
Due to huge prevalence of complex neurological diseases and genetic disorders has fueled the demand for high-end R&D activities.This, in turn, is anticipated to boost the high-content screening market during the forecast period.
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Moreover,increasing investment in research and development in cellular science of novel molecules by private and government bodies is expected to propel the HCS market in the near future.So,development of innovative tools for health care management is propelling the market further.
Key Market Takeaways:
- North America region held dominant position in the global hypercalcemia treatment market in 2018, accounting for 45.5% share in terms of value, followed by Europe.
- However,lower adoption of HCS instruments due to their high prices, stringent regulatory framework, and lack of trained resources are likely to hamper the growth of the market in the forecast period.
Competitive Landscape
Major players operating in the global high content screening (HCS) market include, 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, and Thorlabs, Inc.
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Geographical Analysis:
Geographically,the high-content screening market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is estimated to hold the major share of the global high-content screening market during the forecast period, due to presence of superior research and health care facilities, strong regional economy, and greater focus on healthcare wellness by the government. This trend has also reflected in other countries.In the next few years,The high-content screening market in Europe is expected to witness growth at a rapid pace.
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