Meticulous Research®—a leading global market research company, published a research report titled ‘Sample Preparation Market by Product (Workstation, Instrument {Pipette, Washer, Centrifuge, Grinder}, Consumable {Kits, Filters, Plates}), Technique (Solid Phase Extraction, Purification), Application (Drug Discovery, Diagnostic) - Global Forecast to 2030.’
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According to this latest publication from Meticulous Research®, the sample preparation market is projected to reach $11.99 billion by 2030, at a CAGR of 6.4% during the forecast period. The growth of this market is driven by technological advances in sample preparation procedures, increasing process automation in laboratories, the development of bioclusters for supporting research activities, increasing R&D investments in the pharmaceutical and biotechnology industries, and active research in genomics and proteomics. Additionally, the widening applications of sample preparation in emerging economies and the increasing focus on personalized medicines are expected to offer significant market growth opportunities.
However, the high purchasing costs of automated sample preparation systems restrain the growth of this market. Additionally, the high costs of maintaining sample preparation systems pose a significant challenge to the market's growth.
Key Players
The key players operating in the sample preparation market are Agilent Technologies, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Danaher Corporation (U.S.), Illumina, Inc. (U.S.), Merck KGaA (Germany), Hamilton Company (U.S.), PerkinElmer, Inc. (U.S.), QIAGEN N.V. (Netherlands), F. Hoffmann-La Roche Ltd (Switzerland), Thermo Fisher Scientific Inc. (U.S.), Tecan Group Ltd. (Switzerland), Promega Corporation (U.S.), and Norgen Biotek Corp. (Canada).
Sample Preparation Reagents Market: Future Outlook
The sample preparation market is segmented based on product (Consumables [Sample preparation Kits & Reagents {Isolation Kits & Reagents (DNA Isolation Kits & Reagents, RNA Isolation Kits & Reagents, Protein Isolation Kits & Reagents), Extraction Kits & Reagents (DNA Extraction Kits & Reagents, RNA Extraction Kits & Reagents, Protein Extraction Kits & Reagents), Purification Kits & Reagents (DNA Purification Kits & Reagents, RNA Purification Kits & Reagents, Protein Purification Kits & Reagents), Other Reagents}, Filters, Tubes, Plates, Other Consumables], Instruments [Liquid Handling Systems {Automated Liquid Handling Robots/Systems, Manual Pipettes, Reagent Dispensers, Microplate Washers, Other Liquid Handling Systems}, Centrifuges, Filtration Systems, Extraction Systems, Purification Systems, Other Sample Preparations Systems], Workstations, Software), Technique (Solid Phase Extraction (SPE), Liquid Phase Extraction (LPE), Filtration, Dilution, Precipitation, Other Sample Preparation Techniques), Application (Drug Discovery, Diagnostics, Genomic Studies, Proteomic Studies, Analytical Testing, Other Applications), End User (Pharmaceutical & Biotechnology Companies, Contract Research Organizations (CRO), Academic & Research Institutes, Hospital & Diagnostics Laboratories, Food & Beverage Companies, Environmental Testing Laboratories, Other End Users), and geography. The study also evaluates industry competitors and analyzes the regional and country-level markets.
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Based on the product, the sample preparation market is segmented into consumables, instruments, workstations, and software. In 2023, the consumables segment is expected to account for the largest share of the sample preparation market. Consumables include sample preparation kits & reagents, filters, plates, and others. Sample preparation kits, & reagents will help improve the quality of purification, isolations, and extractions, increasing the lab’s efficiency and decreasing sample variability. Hence, there will be an increase in the adoption of these kits while extracting or isolating the proteins or nucleic acids from the sample. Also, the new product launches will further contribute to the segment’s growth.
Based on the technique, the sample preparation market is segmented into Solid Phase Extraction (SPE), Liquid Phase Extraction (LPE), filtration, dilution, precipitation, and other sample preparation techniques. In 2023, the Solid Phase Extraction (SPE) segment is expected to account for the largest share of the sample preparation market. Solid phase extraction technique is widely used due to its rapid and selective sample preparation process. Due to its advantages, this technique has been adopted for various applications, including pharmaceutical compounds, drugs of abuse, environmental pollutants, pesticides, agriculture compounds, fractionation of lipids, desalting of proteins and peptides, and water, which contributes to the segment’s largest share.
Based on the applications, the sample preparation market is segmented into drug discovery, diagnostics, genomic studies, proteomic studies, analytical testing, and other applications. In 2023, the drug discovery segment is expected to account for the largest share of the sample preparation market. Higher demand for pharmaceutical and biopharmaceutical products, accelerated research in biopharmaceuticals, and high prevalence of infectious diseases and non-infectious diseases driving the need for innovative therapies is why there was a rise in the adoption of sample preparation products.
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Based on the end user, the sample preparation market is segmented into Pharmaceutical & Biotechnology Companies, Contract Research Organizations (CROs), Academic & Research Institutes, Hospital & Diagnostics Laboratories, Food & Beverage Companies, Environmental Testing Laboratories, and Other End Users. In 2023, the pharmaceutical & biotechnology companies’ segment is expected to account for the largest share of the sample preparation market. The large market share of this segment is attributed to the increased adoption of sample preparation systems by pharmaceutical and biotechnology companies for various applications, including drug discovery, toxicology testing, and vaccine research. Furthermore, high spending on pharmaceutical R&D and a burden on pharmaceutical companies to introduce novel therapies to the market are driving the demand for sample preparation systems.
Geographic Review
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the sample preparation market, followed by Europe and Asia-Pacific. Furthermore, in 2023, the U.S. is expected to be the largest market shareholder in North America. North America’s major market share is attributed to the highly developed healthcare infrastructure and the presence of major market players such as Thermo Fisher Scientific (U.S.), Danaher Corporation (U.S.), and Agilent Technologies, Inc. (U.S.)
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Key questions answered in the report:
• Which are the high-growth market segments in terms of product, technique, application, end user, and region/country?
• What was the historical market size for sample preparation across the globe?
• What are the market forecasts and estimates for 2023–2030?
• What are the major drivers, restraints, and opportunities in the global sample preparation market?
• Who are the major players in the global sample preparation market?
• What is the competitive landscape like, and who are the market leaders in the global sample preparation market?
• What are the recent developments in the sample preparation market?
• What strategies are adopted by the major players in the sample preparation market?
• What are the geographical trends and high-growth regions/countries?
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