Press release
Sample Preparation Market Report 2024: Strategies And Recent Developments | Agilent Technologies Inc., Bio-Rad Laboratories Inc., Danaher Corporation, Illumina Inc., QIAGEN N.V., PerkinElmer Inc.
Sample Preparation Market Characteristics
The Business Research Company offers in-depth market insights through Sample Preparation Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The sample preparation market size has grown strongly in recent years. It will grow from $8.75 billion in 2023 to $9.38 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to life sciences research and diagnostics, drug discovery and development, clinical and molecular diagnostics, academic and government funding, biotechnology and pharmaceutical industry growth..
The sample preparation market size is expected to see strong growth in the next few years. It will grow to $12.79 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to high-throughput sample preparation automation, sample preparation for single-cell analysis, liquid biopsy sample preparation, point-of-care and at-home testing, emerging markets and research initiatives, ai-driven sample preparation protocols.. Major trends in the forecast period include miniaturized and portable sample preparation devices, sample preparation for crispr-based gene editing, sample preparation for metagenomics and microbiome studies, sustainable and green sample preparation materials, 3d-printed sample preparation devices, digital sample tracking and data management..
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Market Segmentation:
The different types of products in sample preparation are sample preparation instruments, consumables, and sample preparation kits. Sample preparation instrument market includes extraction systems, workstations, automated evaporation systems, liquid handling instruments, and other sample preparation instruments. It is used in proteomics, genomics, epigenomics, and others and is implemented in various sectors such as pharmaceuticals, biotechnology, molecular diagnostics, and others.
Major Driver - Rising Research And Development Investments In Pharmaceuticals Fuel Growth In Sample Preparation Market
An increase in R&D spending in pharmaceuticals is expected to drive the growth of the sample preparation market in the coming years. Although pharmaceutical analyses have been performed using a variety of highly efficient analytical instruments, most sample preparation procedures are required to extract and isolate the analytes of interest from these complex matrixes because most analytical instruments cannot handle the matrix directly. The advancement of sample preparation is critical in pharmaceutical analysis, with the ultimate goal of isolating and purifying the analyte from complex matrixes. According to the National Centre for Biotechnology Information, a US-based government organization, pharmaceutical spending increased by 7.7% in 2021 to reach $576.9 billion in the US. In 2022, they forecast rises in prescription drug spending of 4.0% to 6.0% overall, 7.0% to 9.0% in clinics, and 3.0% to 5.0% in hospitals. Therefore, the increase in R&D spending in pharmaceuticals propels the growth of the sample preparation market.
Competitive Landscape:
Major companies operating in the sample preparation market include Agilent Technologies Inc., Bio-Rad Laboratories Inc., Danaher Corporation, Illumina Inc., QIAGEN N.V., PerkinElmer Inc., F. Hoffmann-La Roche Ltd., Tecan Group Ltd., Hamilton Company, Norgen Biotek Corporation, Waters Corporation, Promega Corporation, Biotage AB, Merck KGaA, Thermo Fisher Scientific Inc., Roche Applied Science, Medline Industries Inc., Sartorius AG, Zymo Research Corporation, BioChain Institute Inc., BioVision Inc., Cell Signaling Technology Inc., EMD Millipore Corporation, Epigentek Group Inc., GE Healthcare Technologies Inc., GenScript Biotech Corporation, Gilson Inc., GlycoMatrix Inc., Harvard Bioscience Inc., InSphero AG
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Top Trend - Automated Sample Preparation Systems Transforming The Market
Players in the sample preparation industry are increasingly developing automated sample preparation systems. An automated sample preparation system uses robotics to manage the number of liquids such as reagents, specimen samples to prepare the samples for analysis and testing. These systems are integrated with software and spectrometric instruments for easy analysis of samples. For instance, in October 2023, Tecan Group Ltd., a Switzerland-based biotechnology company launched Resolvex Prep, a benchtop automation solution designed for chromatography sample preparation. This instrument significantly enhances the efficiency, accuracy, and reliability of sample prep for chromatography, benefiting areas such as analytical chemistry, proteomics, and biomedical research. Resolvex Prep is tailored for chromatography workflows, particularly LC-MS sample prep, offering flexibility for batch sizes from five to 100 samples, making it ideal for medium-throughput laboratories. It employs direct displacement pipettin*g to mitigate solvent hazards and can process sealed sample tubes to prevent evaporation.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Sample Preparation Market Characteristics
3. Sample Preparation Market Trends And Strategies
4. Sample Preparation Market - Macro Economic Scenario
5. Sample Preparation Market Size And Growth
…..
27. Sample Preparation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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