What Is The Current and Historic Market Size Analysis Of The Sample Preparation Market?
The sample preparation market has seen considerable growth due to a variety of factors.
• The market size for sample preparation has seen robust growth recently. The projections show that it will expand from $9.13 billion in 2024 to $9.72 billion in 2025, with a compound annual growth rate (CAGR) of 6.4%.
This growth observed in the historical period is due to factors including research and diagnostics in life sciences, drug discovery and development, clinical and molecular diagnostics, funding from academic and government sources, and growth in the biotechnology and pharmaceutical industry.
What Are The Predictions for The Sample Preparation Market Size In The Coming Years?
The sample preparation market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for sample preparation is predicted to witness substantial growth in the forthcoming years and is projected to reach $13.92 billion in 2029 with a compound annual growth rate (CAGR) of 9.4%.
The anticipated expansion throughout the forecast period is primarily due to factors including enhancement in high-throughput sample preparation automation, sample preparation for individual cell analysis, point-of-care and at-home testing, preparation for liquid biopsy samples, burgeoning markets and research initiatives, and the implementation of AI in sample preparation protocols. Leading trends within the forecast period encompass the miniaturization and portability of sample preparation devices, sample preparation for gene editing based on CRISPR, sample preparation for metagenomics and microbiome research, the use of sustainable and eco-friendly materials in sample preparation, devices preparing 3D-printed samples, along with advancements in digital sample tracking and data management.
Which Drivers Are Accelerating Growth In The Sample Preparation Market?
The forecasted growth of the sample preparation market in future years is believed to be driven by an upsurge in pharmaceutical R&D expenditures. Despite the availability of sophisticated analytical equipment for pharmaceutical analyses, the necessity for sample preparation procedures remains as they help extract and isolate analytes from intricate matrixes, which most devices aren't equipped to directly manage. The evolution of sample preparation is crucial in pharmaceutical analysis, aiming at purifying and isolating analytes from these complex matrixes. As reported by the US-based government organization, the National Centre for Biotechnology Information, there was a 7.7% boost in pharmaceutical spending in 2021, totaling $576.9 billion in the US. Additionally, they predict increases of 4.0% to 6.0% in overall prescription drug costs in 2022, accompanied by a 7.0% to 9.0% bump in clinics and a 3.0% to 5.0% rise in hospitals. Therefore, the escalation in R&D expenditure in pharmaceuticals is driving the progression of the sample preparation market.
What Are The Core Segments Of The Global Sample Preparation Market?
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
Subsegments:
1) By Sample Preparation Instruments: Automated Workstations, Extraction Systems, Liquid Handling Systems, Homogenizers
2) By Consumables: Reagents, Tubes, Plates, Filters, Columns
3) By Sample Preparation Kit: DNA Or RNA Extraction Kits, Protein Isolation Kits, Cell Fractionation Kits, PCR Cleanup Kits
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Which Emerging Trends Are Reshaping The Sample Preparation Market Size?
The sample preparation industry is seeing an upward trend in the development of automated sample preparation systems by its market participants. These systems employ robotics to manage various liquids such as specimen samples and reagents, which are necessary for preparing samples for testing and analysis. They are designed with software integration and spectrometric instruments to simplify the sample analysis process. For instance, in October 2023, a biotechnology firm from Switzerland, Tecan Group Ltd., introduced Resolvex Prep. It is a benchtop automation solution specially created for the preparation of chromatography samples. This gadget greatly enhances the precision, efficiency, and dependability of sample preparation for chromatography, positively impacting fields like analytic chemistry, proteomics, and biomedical research. Specifically designed for chromatography workflows, Resolvex Prep offers flexibility for batch sizes ranging from five to 100 samples, making it a perfect match for medium-throughput labs. It utilizes direct displacement pipetting to reduce solvent dangers and is capable of processing sealed sample tubes to avert evaporation.
Who Are the Key Players in the Sample Preparation Market?
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
What are the Regional Insights into the Sample Preparation Market?
North America was the largest region in the sample preparation market in 2024. 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.
