Extraction and Purification is the largest segment driving the growth of Sample Preparation Market
Sample preparation is the process of treating or preparing a biological or chemical sample in order to make it suitable for analysis. It aims at obtaining pure analyte and removing any impurities or interfering compounds that may affect the analysis. Some common sample preparation techniques include filtration, extraction, dilution, derivatization and digestion.
The global Sample Preparation Market is estimated to be valued at US$ 45.83 Mn in 2023 and is expected to exhibit a CAGR of 6.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the sample preparation market is the automation and integration of sample preparation process. Automated systems help save time by reducing manual errors and pipetting steps. For instance, Thermo Fisher Scientific offers various automated sample preparation systems like KingFisher Flex, JANUS and Hyperion for automated nucleic acid and protein purification. These systems offer walk-away flexibility and consistency in sample processing. Their integration with other lab automated platforms further streamlines the workflow in clinical and research laboratories.
SWOT Analysis
Strength: Sample preparation is an essential step for various downstream applications like proteomics, genomics which drives market growth. Rapid automation and integration of sample preparation techniques into instruments offering higher throughput and reproducibility.
Weakness: High cost of instruments and reagents required for sample preparation. Lack of skilled professionals for advanced sample preparation techniques.
Opportunity: Emerging applications in drug discovery, precision medicine and biobanking opens up new avenues. Growing focus on personalized medicine will further boost the market.
Threats: Stringent regulations for handling biological samples. Risk of contamination during sample preparation can affect quality of analysis.
Key Takeaways
The global Sample Preparation Market Demand is expected to witness high growth, exhibiting CAGR of 6.4% over the forecast period, due to increasing R&D expenditure in pharmaceutical and biotechnology companies. North America dominated the market in 2020 due to presence of leading pharmaceutical and biotech companies and growing focus on personalized medicine and specialized laboratories in the region driving the adoption of sample preparation instruments.
Regional analysis
Asia Pacific is anticipated to exhibit fastest growth during the forecast period driven by rising geriatric population, increasing healthcare expenditure, expansion of pharmaceutical industries and growing academic and research institutes.
Key players operating in the sample preparation market are F. Hoffmann-La Roche AG, Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Danaher Corporation, Qiagen N.V., PerkinElmer, Inc., Illumina, Inc. and Merck KGaA. Thermo Fisher Scientific and Merck hold significant share owing to their robust product portfolio and global presence. Other major players are adopting strategies like acquisitions, partnerships and new product launches to strengthen their market position.
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