Genomics and Proteomics Research Fuel Global High Throughput Screening Market
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The success of the Human Genome Project generated huge number of drug targets requiring HTS. The global HTS market is expected to be USD 43 billion by 2022.
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High Throughput Screening (HTS) market is growing at a robust rate over the past few years, driven by the technological advancements in fields such as genomic and proteomic research. Genomics and proteomics findings and the success of the Human Genome Project generated enormous number of drug targets that require HTS. Along with these factors, other important sources of targets for new drugs comprise usage of sophisticated tools such as protein arrays and DNA microarrays; and pressure by the investors on pharma companies to bring more drugs to the market. Pharmaceutical companies are employing innovative screening techniques to speed up the screening process and cut short the new drug’s time to the market. The phenomenon is creating an amazing market opportunity for HTS.
Strategic partnerships between pharmaceutical and biotechnology companies are the order of the day, and the trend is increasing globally. Another significant trend is the growing alliances between Pharma and Biotech companies and information technology companies such as Microsoft, IBM, Oracle, Sun, and Infosys, etc. The computer platforms generated by such companies help in managing and analyzing the huge amounts of data produced through High Throughput Screening (HTS) and other computational techniques. Effective R&D strategy involves efficient data management and implementation plans. The new technologies promise improved efficacy, decreased toxicity in patients, and reduced time frames and expenditures.
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