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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.
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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.
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