The global sample preparation market is expected to reach $11.99 billion by 2030, with a compound annual growth rate (CAGR) of 6.4% from 2023 to 2030, according to a new market report. The report analyzes key drivers, restraints, challenges, and opportunities in the sample preparation market, based on extensive research and analysis.
Technological advancements in sample preparation procedures, increasing process automation in laboratories, and the development of bioclusters for research activities are key factors driving market growth. Additionally, the pharmaceutical and biotechnology industries’ investments in research and the focus on genomics and proteomics contribute to market expansion. However, high purchasing costs and the maintenance of automated sample preparation systems present challenges to market growth.
Among the product segments, the consumables segment is expected to account for the largest market share in 2023. Sample preparation kits and reagents, filters, plates, and other consumables are widely used to improve purification, isolation, and extraction processes, enhancing laboratory efficiency. The launch of new products will further drive the growth of this segment.
In terms of techniques, solid phase extraction (SPE) is projected to dominate the sample preparation market in 2023. The use of automated and miniaturized devices, along with the preference for SPE in various industries such as pharmaceuticals, environmental analysis, and clinical diagnostics, contribute to its growth.
The drug discovery segment is expected to hold the largest market share among applications in 2023. The demand for pharmaceutical and biopharmaceutical products, research in biopharmaceuticals, and the need for innovative therapies drive the adoption of sample preparation products.
North America is estimated to be the largest market for sample preparation in 2023, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The U.S. leads the North American market due to factors such as the aging population, increased prevalence of diseases, and higher funding for research.
Key players in the sample preparation market include Agilent Technologies, Bio-Rad Laboratories, Danaher Corporation, Illumina, Hamilton Company, Merck KGaA, PerkinElmer, QIAGEN, F. Hoffmann-La Roche, Thermo Fisher Scientific, Tecan Group, Promega Corporation, and Norgen Biotek Corp.
Overall, the global sample preparation market is expected to witness significant growth, driven by advancements in technology, automation, and increasing research activities in various industries.
The global sample preparation market is a significant part of the healthcare and life sciences industry. It plays a crucial role in various applications such as drug discovery, clinical diagnostics, genomics, proteomics, and environmental analysis. Sample preparation refers to the process of preparing samples for analysis, which involves purification, isolation, and extraction of target molecules or compounds from complex samples.
Market forecasts indicate that the global sample preparation market is expected to reach $11.99 billion by 2030, with a compound annual growth rate (CAGR) of 6.4% from 2023 to 2030. This growth can be attributed to several factors.
Technological advancements in sample preparation procedures have greatly improved the efficiency and accuracy of the process. Automation in laboratories has made sample preparation faster, more precise, and less labor-intensive. This has led to increased adoption of automated sample preparation systems, especially in high-throughput labs and research facilities.
The development of bioclusters, which are collaborative research environments equipped with state-of-the-art technologies and resources, has also contributed to the growth of the sample preparation market. These bioclusters provide researchers with access to advanced sample preparation techniques and tools, fostering innovation and driving market expansion.
The pharmaceutical and biotechnology industries’ investments in research have been a major driver for the sample preparation market. The growing focus on genomics and proteomics, as well as the need for personalized medicine and targeted therapies, has increased the demand for sample preparation products and services.
However, there are challenges that impede market growth. High purchasing costs associated with automated sample preparation systems can be a barrier for small and medium-sized laboratories. The maintenance and operation of these systems also require skilled personnel, which can add to the overall expenses.
In terms of product segments, consumables such as sample preparation kits and reagents, filters, and plates are expected to account for the largest market share in 2023. These consumables are widely used in laboratories to improve the purification, isolation, and extraction processes, thereby enhancing efficiency.
Solid phase extraction (SPE) is projected to dominate the sample preparation market in 2023 among the various techniques. The use of automated and miniaturized devices, along with the preference for SPE in industries such as pharmaceuticals, environmental analysis, and clinical diagnostics, contribute to its market dominance.
The drug discovery segment is expected to hold the largest market share among applications in 2023. The demand for pharmaceutical and biopharmaceutical products, ongoing research in biopharmaceuticals, and the need for innovative therapies drive the adoption of sample preparation products in this segment.
Geographically, North America is estimated to be the largest market for sample preparation in 2023, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The United States, in particular, leads the North American market due to factors such as an aging population, increased prevalence of diseases, and higher funding for research in the healthcare sector.
Key players in the sample preparation market include Agilent Technologies, Bio-Rad Laboratories, Danaher Corporation, Illumina, Hamilton Company, Merck KGaA, PerkinElmer, QIAGEN, F. Hoffmann-La Roche, Thermo Fisher Scientific, Tecan Group, Promega Corporation, and Norgen Biotek Corp. These companies are at the forefront of innovation and technological advancements in the sample preparation industry.
Overall, the global sample preparation market is expected to witness significant growth in the coming years. Advancements in technology, automation, and increasing research activities across various industries will continue to drive the market’s expansion.