Sample Preparation Market Size, Share, Industry Trends and Forecast to 2030

Market Size & CAGR of Sample Preparation Market in 2021:

The global sample preparation market is expected to have a growth rate of 5.7% CAGR from 2021 to 2028. As a result, the market is anticipated to grow by USD 3.5 billion by 2028.

COVID-19 Impact on the Sample Preparation Market:

The COVID-19 pandemic has significantly impacted the sample preparation market. With disruptions in supply chains, reduced demand for non-essential products, and challenges in conducting research and development activities, the market has faced several setbacks. However, the increased focus on diagnostics and testing during the pandemic has also created new opportunities for market growth.

Sample Preparation Dynamics:

Sample preparation is a critical step in the analytical process, involving the extraction, purification, and isolation of target molecules for analysis. Key dynamics driving the sample preparation market include the increasing demand for advanced diagnostic techniques, rising investments in research and development, and the growing emphasis on personalized medicine. Technological advancements in sample preparation techniques are also contributing to market growth.

Segments and Related Analysis:

The sample preparation market can be segmented based on product type, application, end-user, and region. Product types include instruments, consumables, and accessories. Applications of sample preparation include genomics, proteomics, and microbiology. End-users of sample preparation products are research laboratories, pharmaceutical companies, and academic institutions.

By Region Analysis:

The global sample preparation market is divided into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America currently holds the largest market share due to the presence of key players, technological advancements, and high investments in healthcare infrastructure. However, the Asia Pacific region is expected to witness substantial growth due to the increasing focus on research and development activities.

Key Market Players and Competitive Landscape:

Key players in the sample preparation market include Thermo Fisher Scientific, Agilent Technologies, Merck KGaA, Qiagen, and PerkinElmer. These companies are investing in product innovation, strategic collaborations, and mergers and acquisitions to maintain their market positions and gain a competitive edge. The market is highly competitive, with a focus on technological advancements and product differentiation.

Recent Happenings in the Sample Preparation Market:

- In 2021, Thermo Fisher Scientific launched the KingFisher Apex Purification System, a next-generation sample preparation instrument for automated purification of nucleic acids and proteins. - Agilent Technologies announced a strategic collaboration with Waters Corporation in 2020 to develop novel sample preparation solutions for mass spectrometry applications. - Merck KGaA acquired AmpTec, a leading provider of sample preparation technologies for molecular diagnostics, in 2019 to expand its portfolio of innovative products. - Qiagen introduced the QIAseq FastSelect RNA Removal Kit in 2018, a novel sample preparation solution for next-generation sequencing applications. - PerkinElmer launched the Janus G3 Automated Workstation in 2017, an advanced sample preparation instrument for high-throughput screening and genomics research.