Sample preparation enables more reliable identification and quantification of an analyte from a biological sample. The analyte is extracted from sample constituents that might interfere with the subsequent analysisThe rising demand for sample preparation products from the biopharmaceutical and bioprocess industries attributes to the market growth of sample preparation. Furthermore, the rapidly rising chronic diseases are responsible for the surging demand for effective medicines and are also an important factor that is catalyzing the market dynamics of sample preparation. According to the CDC, in 2022, six in ten Americans live with at least one chronic disease, like heart disease and stroke, cancer, or diabetes.
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The Sample Preparation Market is expected to grow at a steady rate of around 6.5%. The rising focus on minimizing the contamination of drugs and human consumables is the major factor in the growth of sample preparation. The key players are actively investing in research and development, which is also having a positive impact on the market’s growth. For instance, in June 2022, Thermo Fisher Scientific showcased the AccelerOme Automated Sample Preparation Platform during the 70th American Society for Mass Spectrometry (ASMS) Conference on Mass Spectrometry and Allied Topics, held during June 5-9, 2022.
According to UnivDatos Market Insights (UMI)’ research report “Global Sample Preparation Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to the rising demand for the biopharmaceutical products such as vaccines, and other medications attributes to the growth of the sample preparation market. Furthermore, increasing research efforts in the development of protein-based biosimilars along with the sample preparations needed for research laboratories for drug development is expected to drive the market growth.
Based on product, the market is segmented into instruments, consumables, and kits. The instrument segment is expected to grow with significant CAGR rates during the forecast period owing to the launch of newly enhanced products in the global market. For instance, in September 2022, Olive Diagnostics launched Olive KG, which is the world’s first AI- and spectroscopy-based device, which performs high-quality analysis of important parameters in the patient’s urine in each urination, in a 100% passive way and without any need for additional accessories.
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Based on the end user, the sample preparation market has been classified into pharmaceutical, biotechnology, molecular diagnostics, and others. Among these, biotechnology held a significant share in the market in 2021. This is mainly due to the increasing application of sample preparation in drug discovery, genomics, and proteomics. Along with this, the growing adoption of next-generation sequencing and the identification of biomarkers is also expected to improve the adoption rate of sample preparation and consumables in the research field.
APAC to witness extensive growth
For a better understanding of the market adoption of the sample preparation industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. The demand for technological advancement coupled with the increasing demand for genomics and proteomics research. Also, the increasing prevalence of infectious diseases, which require early diagnosis is creating the opportunity for the biotechnology industry players to produce effective reagents to carry out various diagnostic tests. The additional funding & investment for research from government agencies and non-profit organizations. For instance, as per India Brand Equity Foundation (IBEF), in May 2020, the Department of Biotechnology received Rs. 2,581 crores (USD 343.56 million ) in the Union Budget 2022–23 for the development of fundamental infrastructure, genetic engineering, technologies and bioinformatics, agricultural biotechnology, and training qualified professionals.
According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Sample preparation market are Merck KGaA; Thermo Fisher Scientific Inc.; Bio-RAD Laboratories Inc.; Tecan Trading AG.; Agilent Technologies Inc.; Hamilton Company; Promega Corporation; Illumina Inc.; F. Hoffmann-La Roche Ltd; Danaher.
“Global Sample Preparation Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.
Market Segmentation:
1. By Product (Instruments, Consumables, and Kits)
2. By Application (Proteomics, Genomics, Epigenomics, and Others)
3. By End User (Pharmaceutical, Biotechnology, Molecular Diagnostics, Academia, Laboratory Diagnostics, and Others)
4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
5. By Company (Merck KGaA; Thermo Fisher Scientific Inc.; Bio-RAD Laboratories Inc.; Tecan Trading AG.; Agilent Technologies Inc.; Hamilton Company; Promega Corporation; Illumina Inc.; F. Hoffmann-La Roche Ltd; Danaher)
Key questions answered in the study:
1. What are the current and future trends of the global sample preparation industry?
2. How the industry has been evolving in terms of product, application, and end user?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global sample preparation industry?
5. What is the customer orientation, purchase behavior, and expectations from the global sample preparation suppliers across various region and countries?
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Table of Content:-
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE SAMPLE PREPARATION MARKET
6 SAMPLE PREPARATION MARKET REVENUE (USD BN), 2020-2028F
7 MARKET INSIGHTS BY PRODUCT
8 MARKET INSIGHTS BY APPLICATION
9 MARKET INSIGHTS BY END-USER
10 MARKET INSIGHTS BY REGION
11 SAMPLE PREPARATION MARKET DYNAMICS
12 SAMPLE PREPARATION MARKET OPPORTUNITIES
13 SAMPLE PREPARATION MARKET TRENDS
14 DEMAND AND SUPPLY-SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 PRICING ANALYSIS
17 STRATEGIC INSIGHTS
18 COMPETITIVE SCENARIO
19 COMPANY PROFILED
20 DISCLAIMER