Global Sample Preparation Market Report and Forecast 2024-2032

Global Sample Preparation Market Outlook

The global sample preparation market is expected to grow in the forecast period of 2024-2032 at a CAGR of 5.7%.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Genomics Segment to Exhibit the Fastest Growth Rate over the Forecast Period

Based on application, the genomics segment is expected to witness the fastest growth rate over the forecast period. The genomic analysis includes end fragment repair of the damaged nucleic acid, enrichment of the sample nucleic acid, and purification of the nucleic acids by using polymerase chain reaction (PCR) techniques. RNA and DNA sample preparation is one of the most important aspects of optimising the quantity and quality of nucleic acid material for next-generation sequencing. Researchers are focusing on DNA sequencing to search for genetic variations and/or mutations that may play a crucial role in the development of a disease.

The genomic analysis helps in the discovery of many new targets for drug discovery and as more targets become known, drugs with greater selectivity can be formulated compared to what was possible using traditional pharmacological methods. Furthermore, the global outbreak of the novel coronavirus has pushed the scientific community to make serious efforts to discover therapeutic or preventive strategies to contain the pandemic. These factors are expected to contribute to the growth of the genomics segment. As sample preparation is a series of reactions, each step must be as efficient as possible to maximise yield while maintaining cost-effectiveness.

North America Secured the Largest Market Share and is Anticipated to Retain its Dominance

Geographically, the overall sample preparation industry is dominated by North America, with the United States being the major contributor to the market. The United States is one of the leading markets for pharmaceuticals and is the world leader in pharmaceutical Research and Development. According to the Pharmaceutical Research and Manufacturers Association (PhRMA), US firms perform over half of the world's pharmaceutical Research and Development. In addition to this, the increasing number of US-based biopharmaceutical companies are propelling the market growth. Thus, the market is experiencing a steady growth in the region and is expected to thrive in the future.

Sample Preparation: Market Segmentation

Sample preparation is a method used to convert chemical and biological samples into a form that can be directly placed in an instrument for analysis. The number of steps depends upon the type of phase and the material that is initially used. Moreover, the process also varies based on the kind of sample that is to be analysed.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

By product, the industry can be segmented into:

• Sample Preparation Instrument
• Consumables
• Sample Preparation Kit

Among these, while the sample preparation instrument segment is subdivided into extraction system, workstation, automated evaporation system, and liquid handling instrument, among others, the sample preparation kit segment is further categorised into purification kit, isolation kit, and extraction kit.

Based on application, the industry is divided into:

• Proteomics
• Genomics
• Epigenomics
• Others

On the basis of end user, the market can be segmented into:

• Pharmaceuticals
• Biotechnology 
• Molecular Diagnostics
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Increase in Research and Development Related Activities to Bolster the Growth of the Global Sample Preparation Industry

An increase in research and development spending related to pharmaceuticals is anticipated to propel the growth of the sample preparation industry in the forecast period. The key industry players are focusing on new product development and seeking their regulatory approval.  The advancements in the process of sample preparation are important to pharmaceutical research and analysis, with the ultimate goal of purifying and isolating the analyte from complex matrixes. In addition to this, the rapid growth of the biotechnology industry, coupled with the opening up of multiple avenues in the biotech sector, is expected to further propel the market forward. Moreover, the global outbreak of the novel coronavirus has significantly boosted vaccine development activities and adoption of modern clinical strategies around the world, which, in turn, is expected to favour the market expansion in the forecast period.

Key Industry Players in the Global Sample Preparation Market

The report gives a detailed analysis of the following key players in the global sample preparation market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Agilent Technologies, Inc.
• Bio-Rad Laboratories, Inc.
• Beckman Coulter, Inc.
• PerkinElmer Inc.
• QIAGEN GmbH 
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report