Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1578.3 Million | USD 3091.5 Million | 7.1% | 2024 |
The global HCS software and services market size was worth around USD 1578.3 Million in 2024 and is predicted to grow to around USD 3091.5 Million by 2034 with a compound annual growth rate (CAGR) of roughly 7.1% between 2025 and 2034.
The report analyzes the global HCS software and services market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the HCS software and services industry.
High-content screening (HCS) is used in biological and drug research to identify substances such as small molecules, peptides, and RNAi that change the phenotype of cells in the desired way. The HCS system is used at almost every stage of pharmaceutical research. These include cell sorting, selectivity, absorption, permeability, and metabolism. HCS is comprehensive healthcare I.T. platform that includes electronic medical records (EHR), revenue cycle management, financial management, mobility, and business intelligence. Increasing demand for HCS software and services from bioinformatics research institutes, educational institutions, government agencies, and other end users is Kiley to drive its demand over coming period.
HCS software and services help researchers identify biomarkers for drug discovery and development. It also provides support for target identification, validation, and compound profiling. This software and services are used to improve the efficiency of the pharmaceutical research process. HCS software manages and analyses data from high content screening (HCS) experiments. Vendor-provided services include assay design, data interpretation, target identification, and compound profiling.
Increasing focus on secondary screening is projected to boost the market growth during the forecast period.
The focus on drug toxicity research, and the focus on secondary cell screening by major market players has increased the demand for high content screening in recent years. In addition, the growing number of pharmaceutical and biotechnology companies with a continuous focus on new drug development also creates opportunities for developing technologically advanced high-content screening systems, thereby fueling the global HCS software and services market.
Low adoption of HCS products due to their high prices
HCS equipment is offered at a high price due to its advanced cell imaging and analysis capabilities. Confocal microscopes can cost more than $ 200,000. The cell 2000 analyzer system (manufactured by G.E. Healthcare) used in HCS costs approximately U.S. $ 240,000. Flow cytometers range in price from $ 35,000 for a simple cell analyzer to over $ 300,000 for more complex and high-throughput systems. For example, Sysmex-Partec's CyFlow Cube 6 costs about $ 35,000. The Bio-Rad Laboratories S3 cell sorter costs $ 150,000, while the BD FACS Jazz costs about $ 240,000. Academic laboratories find it difficult to buy such equipment due to their limited budget.
On the other hand, pharmaceutical companies need many such systems, which significantly increases the cost of capital. In addition, maintenance costs and some other indirect costs increase the total cost of ownership of this equipment. Therefore, high costs prevent the widespread adoption of HCS equipment in both clinical and research applications, especially in emerging markets.
Increasing number of CROs providing HCS services
HCS is used in multiple phases of the drug discovery process, including primary & secondary screening, target identification & validation, and toxicity studies. HCS equipment is expensive and adds to the overall drug development costs of pharmaceutical and bio pharmacy companies. In addition, academic institution budget restrictions limit the acquisition of these devices. The handling of these devices also requires qualified professionals. As a result, many companies and academic institutions prefer to outsource HCS services to CROs. With the growing demand for HCS outsourcing service providers, more and more CROs are offering HCS services. This serves as an opportunity for growth in the global HCS software and services market.
Lack of knowledgeable and experienced HCS equipment handling personnel to bring up challenges for market growth
Operators of HCS equipment such as flow cytometers and multi-mode readers have relatively complex technologies. Optimal use requires a specialist with extensive knowledge of cell-based assays and handling software & equipment. However, there is a significant shortage of skilled workers in this market. A study by the British Pharmaceutical Industry Association (ABPI) in the United Kingdom reveals a shortage of skilled workers in pharmaceutical companies. Approximately 93 employees from 59 pharmaceutical companies participated in the survey. More than 50% of respondents expressed an urgent need to improve staff availability in 10 departments. Due to the lack of qualified and knowledgeable professionals, companies tend to prefer traditional screening methods to cell-based assays. This poses significant challenges to the growth of the global market.
The global HCS software and services market is segregated on the basis of type, application, and region.
By type the market is divided into the bio, educational institutions, government organizations, and others. Among these, the bio segment dominates the market during the forecast period due to this software is commonly used by pharmaceutical companies, biotechnology companies, academic institutions, and government agencies. Moreover, bio software is typically used for primary & secondary screening, target identification & validation, image analysis, compound profiling, data management, and more, which is anticipated to spur market expansion in the coming years.
The market, by application, is divided by compound profiling, primary & secondary screening, target identification and validation. Over the forecast period, the primary & secondary screening market is expected to develop at the fastest rate owing to recent advances in this area that have significantly enhanced the capabilities of these technologies by increasing the accessibility of imaging tools at an affordable price. Over the forecast period, the compound profiling segment is expected to develop at the fastest rate owing to the increasing demand for efficient drug discovery and development processes. Furthermore, the capabilities of the HCS platform for processing high content data make the HCS platform the preferred choice for researchers considering complex profiling. In addition, these platforms can be used to reduce test costs and increase throughput.
Report Attributes | Report Details |
---|---|
Report Name | HCS Software and Services Market |
Market Size in 2024 | USD 1578.3 Million |
Market Forecast in 2034 | USD 3091.5 Million |
Growth Rate | CAGR of 7.1% |
Number of Pages | 255 |
Key Companies Covered | Becton, Dickinson and Company, Bio-Rad Laboratories Inc., Danaher Corporation, Olympus Corporation, PerkinElmer Inc., Sysmex Corporation, Tecan Group Ltd., Thermo Fisher Scientific Inc., BioTek Instruments, Thorlabs Inc., and Yokogawa Electric Corporation., and others. |
Segments Covered | By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Increasing advancement in technology and growing focus of key market players are likely to help North America dominate the global market
The presence of key market players in the region and the increasing adoption of advanced imaging technology are key factors that create growth opportunities in the U.S.. One of the key drivers of growth is the surge in U.S. health care costs. CMS Actuary Office predicts that overall healthcare costs in 2019 will be about 4.6% faster than the U.S.'s overall economic growth rate of 4.0% when measured in terms of gross domestic product (GDP) in 2019. In addition, high per capita healthcare costs and favorable health policies have created a favorable environment for introducing advanced cell imaging tools in the United States. The presence of key players such as Becton, Dickinson and Company, Thermo Fisher Scientific and G.E. Healthcare also support this growth in the United States.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the HCS software and services market on a global and regional basis.
The global HCS software and services market is dominated by players like:
The global HCS software and services market is segmented as follows;
By Type
By Application
By Region
FrequentlyAsked Questions
Leading players in the global HCS software and services market include Becton, Dickinson and Company, Bio-Rad Laboratories Inc., Danaher Corporation, Olympus Corporation, PerkinElmer Inc., Sysmex Corporation, Tecan Group Ltd., Thermo Fisher Scientific Inc., BioTek Instruments, Thorlabs Inc., and Yokogawa Electric Corporation., among others.
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