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High Content Screening Market: Opportunities and Challenges

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High Content Screening Market: Opportunities and Challenges

November 05
01:46 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.

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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.

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