(PRWEB) May 03, 2014
The High Content Screening Market by Instruments (Cell Imaging and Analysis System) by Applications (Primary and Secondary Screening, Target Identification and Validation, Toxicity Studies, Compound Profiling), Software & Services – Global Forecasts to 2018 analyzes and studies the major market drivers, restraints, andopportunities in North America, Europe, Asia, and the Rest of the World (RoW).
Browse more than 50 market data tables with 10 figures spread through 151 pages and in-depth TOC on “High Content Screening Market”
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This report studies the global high content screening market over the forecast period of 2013 to 2018. The global high content screening market was valued at an estimated $ 362.2 million in 2013 and is expected to reach $ 615.8 million by 2018, growing at a CAGR of 11.2% from 2013 to 2018.
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Enhanced accuracy of cell imaging and analysis systems helps in reducing the drug discovery time period and costs, which is a major factor driving the growth of this market. Furthermore, the increasing use of HCS in toxicity studies in the early phase of drug discovery is another factor that propels the growth of this market. Government support for the growth of innovative technologies and rising demand for outsourcing of drug discovery services, especially in the Asian region, are also major reasons for the high growth of this market. Based on HCS products, the instruments market commanded the largest share of 43% in 2013. However, the HCS software market is poised to grow at the highest CAGR from 2013 to 2018.
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The global HCS market is a technology-driven market. Over the years, the technologies used as well as their adoption by contract research organizations (CROs) and academic and government institutes have witnessed a rapid change. The market demands significant investments in R&D in order to constantly come up with new innovative products and technologies. Through the development of innovative products, the players in the HCS market compete against each other in order to enhance their market shares.
A number of small and mid-sized emerging players and large players are present in the global HCS market.The degree of competiveness amongst these players is high. Moreover, many new players are entering this market, which is increasing the level of competition. At the same time, existing players are focusing on increasing their product differentiation to reduce competition and maintain their market share.
The HCS consumables market does not have a market leader as the market is fragmented and is shared by many different players. Some of the prominent players in the HCS consumables market are Life Technologies (U.S.), Thermo Fisher Scientific (U.S.), Becton, Dickinson and Company (U.S.), Molecular Devices (U.S.), Cell Signaling Technologies (U.S.), PerkinElmer (U.S.), GE Healthcare (U.K.), Intellicyt Corporation (U.S.), and Merck KGaA (U.S.).
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