Global High Throughput Process Development Market to Reach $24.6 Billion by 2030
The global market for High Throughput Process Development estimated at US$14.1 Billion in the year 2023, is expected to reach US$24.6 Billion by 2030, growing at a CAGR of 8.3% over the period 2023-2030. Monoclonal Antibodies, one of the segments analyzed in the report, is expected to record 9% CAGR and reach US$17.8 Billion by the end of the analysis period. Growth in the Other Molecule Types segment is estimated at 6.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.7 Billion, While China is Forecast to Grow at 12.6% CAGR
The High Throughput Process Development market in the U.S. is estimated at US$3.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.4 Billion by the year 2030 trailing a CAGR of 12.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 7.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.
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