Increasing demand for biopharmaceuticals is anticipated to open up the new avenue for Sample Preparation Market

 

Sample Preparation Market

Sample preparation is the process of treating samples prior to analysis. It mainly involves cell lysis, nucleic acid/protein isolation, and purification. Sample preparation is crucial for analytical techniques such as polymerase chain reaction (PCR), next-generation sequencing (NGS), mass spectrometry, and chromatography. Sample preparation kits and devices are used for isolation, purification, and extraction of nucleic acids, proteins, small molecules, and other biomolecules from various sample types including tissues, blood, saliva, and other body fluids.

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 Dynamics:
Growing biopharmaceutical industry is a major driver of the sample preparation market. The rising demand for biologics such as monoclonal antibodies, therapeutic proteins, and vaccines is propelling pharmaceutical and biotech companies to invest heavily in R&D activities involving assay development, research studies, and clinical trials which utilize sample preparation techniques. According to Pharmaceutical Research and Manufacturers of America (PhRMA), the biopharmaceutical industry invested over $102 billion in R&D in 2021 which is expected to significantly drive the demand for sample preparation over the forecast period.
In addition, development of microfluidic devices and automation of sample preparation workflows has further boosted the market growth. Microfluidic sample preparation techniques minimize the required human intervention and sample/reagent volumes enabling high-throughput processing of samples. They are widely used for single cell analysis, circulating tumor cell isolation, and liquid biopsies.

Segment Analysis

The global sample preparation market is segmented into workflow steps, application, technique, end user and region. By workflow steps, the market is categorized into sample production, sample homogenization, cell disruption, solid separation, nucleic acid isolation and sample dilution. Among these, the sample production segment accounted for the largest market share in 2022 owing to wide applications across industries such as clinical testing, pharmaceutical, biotechnology and others.

PEST Analysis

Political: The regulations regarding research practices involving biological samples are becoming stringent over time to ensure safety, accuracy and ethicality. This impacts the industry.
Economic: The sample preparation market is expected to grow at a steady pace due to rising R&D investments in the pharmaceutical and biotechnology sectors and increasing funds for genomic and proteomic research.
Social: Advances in genomics & precision medicine have increased focus on early disease diagnostics and prevention. This drives demand for sophisticated sample preparation tools.
Technological: Automation and integration of workflow steps have improved product quality and efficiency. Miniaturization of equipment also supports high-throughput generation of valuable data from small sample volumes.

Key Takeaways

The global Sample Preparation Market Demand size was valued at US$ 45.83 Mn in 2023 and is expected to reach US$ 76.32 Mn by 2030, expanding at a CAGR of 6.4% during the forecast period. Rapidly growing clinical diagnostics and genomics research are expected to drive the market.

Regionally, North America dominated the market and accounted for over 30% market share in 2023 owing to continuous technological advancements and presence of major players in the US. Asia Pacific is anticipated to be the fastest growing market during the forecast period supported by rising biomedical research expenditure and improving healthcare infrastructure in countries like China and India.

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. The market shows a clear consolidation trend with top 5 players accounting for over 50% of the global revenue. New product launches, mergers & acquisitions and collaborations are the go-to strategies of these companies.

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