The sample preparation market size has the potential to grow by USD 2.29 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by product (consumables and instruments), end-user (pharmaceutical and biotechnology companies, academic and research institutes, clinical, and others), and geography (North America, Europe, Asia, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Agilent Technologies Inc., Bio-Rad Laboratories Inc., Danaher Corp., Eppendorf AG, F. Hoffmann-La Roche Ltd., Harvard Bioscience Inc., Merck KGaA, PerkinElmer Inc., QIAGEN NV, and Thermo Fisher Scientific Inc.
Market Overview
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Market Competitive Analysis
The market is fragmented. Agilent Technologies Inc., Bio-Rad Laboratories Inc., and Danaher Corp. are some of the major market participants. Although the rising demand for monoclonal antibodies will offer immense growth opportunities, the increasing pressure for recycling plastic-based consumables used in sample preparation will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this sample preparation market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this sample preparation market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Agilent Technologies Inc.
- Bio-Rad Laboratories Inc.
- Danaher Corp.
- Eppendorf AG
- F. Hoffmann-La Roche Ltd.
- Harvard Bioscience Inc.
- Merck KGaA
- PerkinElmer Inc.
- QIAGEN NV
- Thermo Fisher Scientific Inc.
Sample Preparation Market: Segmentation by Geography
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North America was the largest sample preparation market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the growing focus on drug development and research, the rising life science research activities in academic and research institutions, the growing approval of monoclonal antibody-based therapies, and the presence of a significant number of prominent vendors will significantly drive sample preparation market growth in this region over the forecast period.
35% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for sample preparation in North America. Market growth in this region will be slower than the growth of the market in other regions.
Sample Preparation Market: Segmentation by Product
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Sample preparation consumables are extensively used in desalting, trace enrichment, detergent removal, purification, buffer exchange, small molecule removal, PCR cleanup, and de-staining applications. The increasing availability of consumables that are simple, fast, easy to use, and suitable to use with a wide variety of instruments and samples are driving the sales in the consumables segment.
Therefore, the sample preparation market share growth by the consumables segment will be faster than the growth of the market by the instruments segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the sample preparation market size.
Sample Preparation Market: Key Drivers and Trends
The advantages of monoclonal antibodies such as consistency, homogeneity, and easy testing for cross-reactivity have resulted in an increase in their demand. They have a wide array of applications in the fields of biology, medicine, diagnostic imaging, and biochemistry. With the rising demand for monoclonal antibodies, the consumption of sample preparation products is also likely to increase. This, in turn, will boost sample preparation market growth during the forecast period.
The increasing investments in R&D, one of the key sample preparation market trends, will also drive market growth. Various pharmaceutical and biotechnology companies are increasing their R&D investments to discover new drugs because of the increasing prevalence of chronic diseases and the growing demand for personalized medicine. Sample preparation products are essential for drug discovery, especially to screen compounds, boosting the growth of the sample preparation market. As a result of such factors, the market will register a CAGR of almost 7% during 2020-2024.
Sample Preparation Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive sample preparation market growth during the next five years
- Precise estimation of the sample preparation market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the sample preparation industry across North America, Europe, Asia, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of sample preparation market vendors
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