Press release
Sample Preparation Market to Rise at a 6.6% CAGR during the Completion of the Forecast Tenure 2016-2024
Among all analytical procedures, sample preparation has often been shown to consume over 70% of the analyst or researcher’s time. Moreover, the effectiveness of analysis is dependent on the accuracy of the sample prepared. Thus, products that incorporate advanced technology to deliver a high degree of accuracy and time and cost reduction for preparing the sample are witnessing a steady growth in the market.
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However, companies in the sample preparation market have to often contend with a dearth of expertise in designing technologically advanced products. Consumers not being well-informed about the benefits of different techniques and products also acts as restraints on the market. TMR says that the global sample preparation market is expected to witness strong growth in the next few years due to an increase in R&D spending in life science and rising concerns regarding environmental degradation and food safety along with stringent regulations for the same. Moreover, a growing emphasis on forensic testing and biodefense research in both traditional and emerging market is likely to fuel the demand for sample preparation.
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North America Asserts Lead in Sample Preparation Advances
In 2015, North America held the largest share of the global sample preparation market due to the high adoption of superior technologies across all end-user segments. Additionally, investments in cutting-edge genomics, proteomics, and epigenetics research, a growing stress on remedies for environmental hazards, and the concentration of some of the world’s major pharmaceutical and biotechnology organizations and academic institutes are driving the North America market.
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The sample preparation market in Europe is witnessing rapid growth, attributed to the increasing innovative product offerings such as ISOLUTE SLE+ Supported Liquid Extraction plates and columns by Biotage AB, a company which operates in niche segments. These plates are designed to provide hassle free extraction of analytes from biological fluids, with high analyte recoveries, and clean, protein and phospholipid free extracts.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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