by Market Overview:
Sample preparation involves processes that are carried out before analytical testing such as extraction, concentration, dilution, and purification. It ensures accurate and reliable test results by homogenizing the sample which makes it compatible with analytical instruments.
Market key trends:
The rapidly growing pharma-biotech and food industry has increased the need for accurate and reliable sample preparation. Automation and miniaturization of sample preparation workflow have significantly improved efficiency and productivity. Emerging technologies like microfluidics offer automated sample preparation with minimal sample and reagent volume. Mass spectrometry coupled with software solutions allows fast, reliable and sensitive analysis of complex sample matrices. These trends are expected to drive the sample preparation market during the forecast period.
The sample preparation market has seen rapid technological advancements in recent years. One of the key trends is the growing adoption of automated liquid handling systems for biological sample preparation procedures. Automated liquid handlers offer greater accuracy, precision and reproducibility compared to manual methods. They minimize errors, save on labor costs and improve workflow efficiency. This has increased their popularity in clinical diagnostic labs and research institutions where large volumes of samples need to be processed.
The global Sample Preparation Market Growth is estimated to be valued at US$ 45.83 million 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.
SWOT Analysis
Strengths: Automation and robotics offer higher throughput, consistency and reduce scope for human errors. Growing healthcare spending in developing nations is driving demand.
Weaknesses: High installation and maintenance costs of automated systems. Shortage of trained professionals for operating complex sample preparation equipment.
Opportunities: Point-of-care testing offers opportunities to miniaturize sample preparation procedures. Growth in fields like proteomics and genomics to create new application areas.
Threats: Changes in regulatory guidelines can increase compliance burden. Economic slowdowns can negatively impact research funding.
Key Takeaways
The global sample preparation market size was valued at US$ 45.83 Mn in 2023 and is expected to reach over US$ 77 Bn by 2030, expanding at a CAGR of 6.4% during the forecast period. Favorable government funding for life science research and rising focus on precision medicine are contributing to market growth.
Regional analysis: North America dominated the market in 2023 due to the presence of leading pharma and biotech companies in the region and high research spending. Asia Pacific is expected to be the fastest-growing market during the forecast period supported by increasing healthcare investments, favorable government policies and expansion of the pharma industry in countries like China and India.
Key players: The prominent players operating in the sample preparation market include 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., Merck KGaA. These companies have launched technologically advanced automated instruments and kits & reagents to cater to the growing sample preparation needs of clinical and research sector.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
