The sample preparation global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Sample Preparation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
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.
Market Trends –
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 pipetting to mitigate solvent hazards and can process sealed sample tubes to prevent evaporation.
The sample preparation market covered in this report is segmented –
1) By Product: Sample Preparation Instruments, Consumables, Sample Preparation Kit
2) By Application: Proteomics, Genomics, Epigenomics, Other Applications
3) By End User: Pharmaceutical, Biotechnology, Molecular Diagnostics, Other End Users
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Regional Insights –
North America was the largest region in the sample preparation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sample preparation market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Sample Preparation Market Report Structure
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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