Summary

Global Sample Preparation Market is expected to grow at a significant rate of around 6.5% during the forecast period. Sample preparation, in analytical chemistry, is the process in which a representative piece of material is extracted from a larger amount and readied for analysis and diagnosis. The sample preparation market has been growing on account of various factors including the growing emphasis on NGS-based diagnostics and surging incidences of cancer across the globe. According to the American Cancer Society, in 2022, approx. 1.9 million new cancer cases diagnosed and 609,360 cancer deaths in the United States. This exponential increase in cancer prevalence has created a buzz among biotechnology and pharmaceutical companies for investing in the development of effective and reliable diagnostic tools based on sample collection and preparation. For instance, in October 2022, Thermo Fisher Scientific announced it to expand its clinical research lab in Kentucky by investing USD 59 million. Moreover, the launching of new diagnostic tests and assays is contributing to the growth of the sample preparation market. For instance, in April 2019, Roche launched the Ventana HER2 Dual ISH DNA Probe Cocktail assay for the detection of the HER2 biomarker in breast and gastric cancer patients to determine the eligibility for the targeted drug trastuzumab (Herceptin).

Merck KGaA; Thermo Fisher Scientific Inc.; Bio-RAD Laboratories Inc.; Tecan Trading AG.; Agilent Technologies Inc.; Hamilton Company; Promega Corporation; Illumina Inc.; F. Hoffmann-La Roche Ltd; Danaher are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst product, the instruments category is expected to grow with a significant CAGR during the forecast period”
Based on product, the market is segmented into instruments, consumables, and kits. The instrument segment is expected to grow with significant CAGR rates during the forecast period owing to the launch of newly enhanced products in the global market. For instance, in September 2022, Olive Diagnostics launched Olive KG, which is the world’s first AI- and spectroscopy-based device, which performs high-quality analysis of important parameters in the patient’s urine in each urination, in a 100% passive way and without any need for additional accessories.

“Amongst end user, biotechnology held a significant share in the market in 2021”
On the basis of end user, the sample preparation market has been classified into pharmaceutical, biotechnology, molecular diagnostics, and others. Among these, biotechnology held a significant share in the market in 2021. This is mainly due to the increasing application of sample preparation in drug discovery, genomics, and proteomics. Along with this, the growing adoption of next-generation sequencing and the identification of biomarkers is also expected to improve the adoption rate of sample preparation and consumables in the research field.

“North America to hold a significant share in the market”
In 2021, North America held a significant share of the sample preparation market. This is mainly due to the availability of many biopharmaceutical companies coupled with the increased investment in the biotechnology and healthcare sector has led to this growth in the region. Also, increasing investment in manufacturing companies and academic and research institutions for the development of gene synthesis-based products like precision medicine, diagnostic products for various types of diseases, and other treatments. For instance, in October 2022, Tasso collaborated with Catapult Health to commercialize its U.S.-FDA-cleared device for collecting blood specimens at home. Furthermore, the presence of key industry players in the region and an increasing number of product launches are also some of the factors contributing to the market growth. For instance, in October 2022, Thermo Fisher Scientific launched a comprehensive and automated system for sample preparation of chromatography.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global sample preparation market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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