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Global Sample Preparation Market to Grow at a CAGR of 5.7% During 2021-2026, Driven by the Increase in Research and Development Related Activities

According to a new report by EMR titled, ‘Global Sample Preparation Market Report and Forecast 2021-2026’, the market is expected to grow at a CAGR of 5.7% in the forecast period of 2021-2026.

The global sample preparation industry is being driven by the increase in research and development related activities in the life sciences industry across the globe. The increasing need for analysis of food due to the rising safety concerns and the adoption of modern extraction techniques have significantly boosted the growth of the industry. The market is also supported by the international collaborations among leading research and development institutes to discover new drugs and shift from manual sample preparation to workstations. In developing countries like India, the growing population and increasing number of biopharmaceutical companies have significantly contributed to the growth of the market. Further, the increased penetration of the leading companies in the Asia Pacific region is also aiding the industry growth. During the forecast period, the Asia Pacific is expected to observe a healthy growth owing to the rapidly increasing population, high investment by the market players, and growing awareness about genomics.

The growing sample preparation applications in the biopharmaceutical industry are significantly contributing to the market growth. In January 2020, Agilent Technologies Inc. (NYSE: A), one of the key players in the market, introduced a new product SureSelect XT HS2 DNA Kit designed to address major challenges that biotechnology laboratories experience when preparing DNA sequencing libraries for their research. The product can multiplex hundreds of samples in a single sequencing run, which, in turn, reduces sequencing costs and creates robust sample preparation pipelines to process samples in an efficient and integrated way. Such developments are expected to positively impact the industry growth.

Market Analysis by Product, Application, End User, and Region:

  • The market on the basis of product can be divided into sample preparation instrument, consumables, and sample preparation kit. Among these, the sample preparation instrument segment is subdivided into extraction system, workstation, automated evaporation system, and liquid handling instrument, among others, while the sample preparation kit segment is further categorised into purification kit, isolation kit, and extraction kit.
  • On the basis of application, the industry can be divided into proteomics, genomics, and epigenomics, among others.
  • Based on end user, the industry is divided into pharmaceuticals, biotechnology, and molecular diagnostics, among others.
  • Region-wise, the global market for sample preparation can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for sample preparation is being driven by the increasing research and development spending related to pharmaceuticals.
  • The growing biotechnology industry has significantly contributed to the market expansion.
  • The global outbreak of the COVID-19 pandemic has significantly boosted vaccine development activities, which, in turn, is expected to favour the market growth in the forecast period.
  • The adoption of modern clinical strategies around the world is also aiding the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for sample preparation for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the products, applications, end users, and regions of sample preparation.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global sample preparation market are Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., Beckman Coulter, Inc., PerkinElmer Inc., and QIAGEN GmbH, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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