The HERG Screening Market is anticipated to register a significant CAGR of 12.50% during the forecast period. The rising endorsement of imaginative medications and the ascent in coronary illness commonness are the major market drivers contributing the market development.
As coronary illness is common and the quantity of heart condition patients both ascents, the market is supposed to develop. The market is developing because of expanded Research and development exercises on the side of new item deliveries. Furthermore, it is extended that an ascent in the quantity of creative medication substance endorsements will uphold the market's development. The market is developing as a direct result of both the making of solutions for diseases and problems and the ascent of popularity for drug plans.
Because of the development in examples of cardiotoxicity, there has been a critical interest in screening materials utilized in drug creation. Customary testing techniques may not generally be preferable over HERG tests, yet they might be more secure and more effective when utilized on prescriptions. Cardiovascular medications are progressively having unfavorable aftereffects in patients with prior heart conditions. Cardiotoxicity is more normal in patients who have had malignant growth treatment or cardiovascular medical procedures. Subsequently, there is a rising interest in hardware and administrations that empower productive cardiotoxicity testing. The heart makes some harder memories completing typical capabilities and disseminating blood all through the body when there is cardiotoxicity. Cardiotoxicity thus expands the gamble of cardiomyopathy, which decreases the heart's ability to siphon blood.
Market Segmentation
The HERG Screening market segmentation, based on Type, includes Gene KCNH2 and Mutant KCNH2.
The HERG Screening market segmentation, based on Ion Channel, includes Voltage Gated and Ligand Gated. Based on Application the market is classified into Antiarrhythmic, Antipsychotic, Antibiotics, and Others.
Regional Insights
The North American HERG Screening Market led the market in 2022 (45.80%). At regular intervals, a resident of the US will encounter a myocardial dead tissue, as per the American School of Cardiology. In 2017, 356,460 Americans went through an out-of-clinic heart failure, and in 52% of those cases, crisis clinical benefits were called.
Europe HERG Screening market represented the sound market share in 2022. Europe's western and eastern regions make up most of the market for HERG screening and are both viewed as major contributors.
The Asia Pacific HERG Screening market is supposed to enroll in critical development from 2023 to 2032. A critical part of individuals in space has persistent heart conditions, and the occurrence of fiery problems is rising rapidly too.
Major Players
Major players in the HERG Screening market are Eurofins Scientific, Charles River Laboratories, Merck KGaA, Cyprotex Limited, Creative Bioarray, BSYS GmbH, Aurora Biomed, and Metrion Biosciences.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
1.1 MARKET SYNOPSIS 14
1.2 MARKET ATTRACTIVENESS ANALYSIS 15
2 MARKET INTRODUCTION
2.1 DEFINITION 16
2.2 SCOPE OF THE STUDY 16
2.3 RESEARCH OBJECTIVE 16
2.4 MARKET STRUCTURE 16
2.5 ASSUMPTIONS & LIMITATIONS 17
3 RESEARCH METHODOLOGY
3.1 DATA MINING 18
3.2 SECONDARY RESEARCH 19
3.3 PRIMARY RESEARCH 20
3.4 BREAKDOWN OF PRIMARY RESPONDENTS 21
3.5 FORECASTING TECHNIQUES 21
3.6 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION 22
3.6.1 BOTTOM-UP APPROACH 23
3.6.2 TOP-DOWN APPROACH 23
3.7 DATA TRIANGULATION 24
3.8 VALIDATION 24
4 MARKET DYNAMICS
4.1 OVERVIEW 25
4.2 DRIVERS 26
4.2.1 INCREASING NOVEL DRUG APPROVALS 26
4.2.2 INCREASING PREVALENCE OF HEART DISEASES 26
4.3 RESTRAINT 27
4.3.1 HIGH COST OF HERG SCREENING PRODUCTS 27
4.4 OPPORTUNITY 28
4.4.1 UNTAPPED MARKETS 28
4.5 IMPACT OF CORONAVIRUS (COVID)-19 28
4.5.1 OVERVIEW 28
4.5.2 IMPACT ON PLAYERS 28
4.5.3 IMPACT ON CLINICAL TRIALS 28
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS 29
5.1.1 R&D AND DESIGNING 29
5.1.2 MANUFACTURING 30
5.1.3 DISTRIBUTION 30
5.1.4 MARKETING & SALES 30
5.1.5 POST-SALES MONITORING 30
5.2 PORTER'S FIVE FORCES MODEL 30
5.2.1 BARGAINING POWER OF SUPPLIERS 31
5.2.2 BARGAINING POWER OF BUYERS 31
5.2.3 THREAT OF NEW ENTRANTS 32
5.2.4 THREAT OF SUBSTITUTES 32
5.2.5 RIVALRY 32
5.3 TECHNOLOGICAL TRENDS IN GLOBAL HERG SCREENING MARKET 32
5.3.1 INCREASING TREND OF OUTSOURCING HERG SERVICES 32
5.3.2 ADVENT OF PATCH CLAMP ASSAY 33
5.3.3 STRATEGIC INITIATIVES BY PLAYERS IN THE MARKET 33
5.4 CUSTOMER NEED ANALYSIS 33
5.4.1 OVERVIEW 33
5.4.2 CLINICAL TRIAL FOR HERG SCREENING 33
5.4.3 CAUSE AND EFFECT ANALYSIS 34
6 GLOBAL HERG SCREENING MARKET, BY TYPE
6.1 OVERVIEW 35
6.2 GENE KCNH2 36
6.3 MUTANT KCNH2 36
7 GLOBAL HERG SCREENING MARKET, BY ION CHANNEL
7.1 OVERVIEW 37
7.2 VOLTAGE-GATED ION CHANNEL 39
7.3 LIGAND-GATED ION CHANNEL 39
7.4 OTHERS 40
8 GLOBAL HERG SCREENING MARKET, BY APPLICATION
8.1 OVERVIEW 41
8.2 ANTIARRHYTHMIC 43
8.3 ANTIPSYCHOTIC 43
8.4 ANTIBIOTIC 43
8.5 OTHERS 44
9 GLOBAL HERG SCREENING MARKET, BY REGION
9.1 OVERVIEW 45
9.2 AMERICAS 47
9.2.1 NORTH AMERICA 49
9.2.1.1 US 51
9.2.1.2 CANADA 52
9.2.2 LATIN AMERICA 53
9.3 EUROPE 54
9.3.1 WESTERN EUROPE 56
9.3.1.1 GERMANY 58
9.3.1.2 FRANCE 59
9.3.1.3 UK 60
9.3.1.4 ITALY 61
9.3.1.5 SPAIN 62
9.3.1.6 REST OF WESTERN EUROPE 63
9.3.2 EASTERN EUROPE 64
9.4 ASIA-PACIFIC 65
9.4.1 CHINA 67
9.4.2 JAPAN 68
9.4.3 INDIA 69
9.4.4 AUSTRALIA 70
9.4.5 SOUTH KOREA 71
9.4.6 REST OF ASIA-PACIFIC 72
9.5 MIDDLE EAST & AFRICA 73
9.5.1 MIDDLE EAST 75
9.5.2 AFRICA 76
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW 77
10.2 MARKET RANKING ANALYSIS 77
10.3 COMPETITIVE BENCHMARKING 78
10.4 KEY DEVELOPMENTS AND GROWTH STRATEGIES 79
10.4.1 PARTNERSHIP 79
10.4.2 ACQUISITIONS 80
10.4.3 COLLABORATION 80
10.5 MAJOR PLAYERS FINANCIAL MATRIX & MARKET RATIO 81
10.5.1 SALES & OPERATING PROFIT MARGIN 81
10.5.2 R&D EXPENDITURE 81
11 COMPANY PROFILES
11.1 THERMO FISHER SCIENTIFIC INC. 82
11.1.1 COMPANY OVERVIEW 82
11.1.2 FINANCIAL OVERVIEW 82
11.1.3 PRODUCTS/SERVICES OFFERED 83
11.1.4 KEY DEVELOPMENTS 83
11.1.5 SWOT ANALYSIS 83
11.1.6 KEY STRATEGIES 83
11.2 CHARLES RIVER LABORATORIES INTERNATIONAL, INC. 84