According to a new report published by Allied Market Research, titled, โHigh Content Screening Products Market: Global Opportunity Analysis and Industry Forecast, 2021-2030โ High content screening, also known as cellomics, is used in drug discovery and biological research to identify substances such as peptides, small molecules, or RNAi altering the cell phenotype in the desired manner. In addition, high content screening helps evaluate multiple morphological and biochemical parameters in intact biological systems. This type of screening is conducted in the cells that involve the analysis of components of cells or of whole cells with the readout of several parameters done simultaneously. New drugs can be found using the screens of thousands of molecules. Beyond drug discovery, high content screening can be used to study how genes work.
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COVID-19 Impact Analysis
COVID-19 is an infectious disease that originated in the Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing a shortage of these drugs. Thus, the pharmaceutical and biotechnology industries are expected to witness significant growth in the future, owing to the demand for vaccines and treatment drugs for COVID-19.
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The major factor contributing to the growth of the high content screening products market is increase in funding in the field of cellular research and technological advancements in the design of high content screening systems.
Many conventional methods of drug toxicity studies require the screening of large libraries to search potential drug candidates. This method is highly time and resource-consuming. Hence, many pharmaceutical companies are adopting high content screening solutions to test potential drug toxicity, as the method reduces the time required for testing.
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- This study presents the analytical depiction of the high content screening products industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the market share.
- The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario.
- Porterโs five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis depending on competitive intensity and how the competition will take shape in the coming years.
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Key Market Players
- Dickinson and Company
- Thermo Fisher Scientific Inc.
- GE Healthcare
- Olympus Corporation
- PerkinElmer Inc.
- Merck Millipore Corporation
- Danaher Corporation
- Yokogawa Electric Corporation
- Sysmex Corporation
- Bio-Rad Laboratories, Inc.
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