According to Transparency Market Research’s latest report on the global sample preparation market for the historical period 2017–2018 and forecast period 2019–2027 increase in R&D spending in life science, rising concerns and testing related regulations regarding environmental degradation and food safety, and advancements in technology pertaining to sample preparation products are projected to drive the global Sample Preparation market during the forecast period.
Wilmington, Delaware, United States, Transparency Market Research Inc. – According to Transparency Market Research’s latest report on the global sample preparation market for the historical period 2017–2018 and forecast period 2019–2027 increase in R&D spending in life science, rising concerns and testing related regulations regarding environmental degradation and food safety, and advancements in technology pertaining to sample preparation products are projected to drive the global Sample Preparation market during the forecast period.
According to the report, the global Sample Preparation market was valued at US$ 5.6 Bn in 2018 and is anticipated to expand at a CAGR of 6.6% from 2019 to 2027.
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Advancements in Technology Pertaining to Sample Preparation Products: Key Drivers
The past few years have seen substantial advancements in technologies for enhancing sample preparation processes. These include automation and superior technique-based advancements such as solid supported liquid-liquid extraction as a development to traditional technique of liquid-liquid extraction. For instance, Agilent’s 7696A Sample Prep WorkBench provides consistent and precise results by eliminating errors associated with routine sample preparation procedures, such as dilutions and derivatization.
In addition, several players in the market are coming up with innovative product offerings such as kits and consumables for niche and specific studies. For instance, Biotecon Diagnostics’ food-proof sample preparation kit is designed for isolation and purification of bacterial DNA from enriched food samples. In addition, Sigma-Aldrich’s Dioxin Sample Preparation kit provides an efficient means for extracting and isolating toxic dioxins, furans, and similar compounds from water, soil, blood, food, and milk.
Increasing awareness and level of education among consumers and end-users is driving the life sciences industry to consistently provide value and superior market level positioning regarding their product’s efficacy. These factors are likely to drive the sample preparation market during the forecast period.
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High Cost of Equipment to Hamper Market
The sample preparation market is characterized by intense competition among major players and local players that offer devices at low cost. This could hamper market growth due to price-based competition. In addition, consumers in developing nations may prefer to purchase used equipment due to affordability factor.
Moreover, continuous technological developments in the sample preparation market with respect to product design and efficiency are likely to induce manufacturers to provide up-to-date solutions to the customers. The customers are often hesitant to opt for cost-intensive upgrade procedures as these lead to erosion of investments.
Therefore, high cost of equipment and reluctance of end-users to invest in new equipment frequently are expected to hamper the growth of the sample preparation market.
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Global Sample Preparation Market: Competitive Landscape
This report profiles major players in the global Sample Preparation market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
The global Sample Preparation market is consolidated, with the presence of few global players dominating the market.
Leading players operating in the global Sample Preparation market are
- Thermo Fisher Scientific, Inc.
- Merck KGaA
- PerkinElmer, Inc.
- Agilent Technologies
- Bio-Rad Laboratories
- Danaher Corporation
- Roche
- Qiagen
- Restek Corporation
- Waters Corporation
- Tecan Group
- Phenomenex Inc.
- Biotage
- Illumina Inc.
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