Sample Preparation Market was evaluated at US$6,183.846 million for the year 2020 and is projected to grow at a CAGR of 4.84%, reaching a market size of US$8,608.902 million by the year 2027.
A process for converting chemical and biological samples into a form that can be directly inserted into an instrument for analysis is termed sample preparation. The sample preparation market includes products that are used to prepare biological and chemical samples to analyze raw materials to detect undesirable elements. Sample preparation processes and products are widely used in the pharmaceutical sector, biotechnology, laboratories, food industry, and chemical industry. The growth and progress in the chemical and biological sectors are promoting the market growth of the sample preparation market. The importance and application of sample preparation in pharmaceutical research are one of the major factors giving potential to the market growth of the global sample preparation market. Every research and analysis associated with the chemical and biological sector is supported by a proper sample preparation process and analysis. The large investments of major companies and governments in promoting the research and analysis sector of the chemical, biological, and food industry is boosting the market value of sample preparation products in the global market. Miniaturization, automation, high-throughput performance, the potential of new sample preparation instruments to integrate with existing analytical instruments, and a reduction in solvent volume and time are also pushing the market value of sample preparation products in the global market. The efficiency showcased by sample analysis in giving accurate results in chemical and biological research is also fuelling the market growth of the sample preparation market. The competition of major market players for developing new technologies in the pharmaceutical and chemical field is also hiking the market value of sample preparation products, as they have a vital role in giving accurate results in research and experiments.
The recent outbreak of the COVID-19 pandemic had a positive impact on the sample preparation market. As the research and experiments became active during the COVID period, they contributed to the market growth of the sample preparation market. The rapid research and development activities for developing the COVID vaccine have boosted the market demand for sample preparation products globally. The introduction of new clinical strategies and techniques also contributed to the market growth of the sample preparation market during the COVID pandemic. The support offered by the government and funds offered by major players in the pharmaceutical field fuelled the research activities in the pandemic period, resulting in the market growth of the sample preparation market.
Importance of Sample Preparation in Pharmaceutical Research
The vital role of the sample preparation process in pharmaceutical research is one of the major factors driving the market growth of the global sample preparation market. Pharmaceutical analyses are performed utilizing a variety of high-performance analytical instruments, despite the fact that most analytical devices cannot directly handle complex matrixes, necessitating a sample preparation step to extract and isolate the analytes of interest. The funding given for pharmaceutical and medical research by international companies and governmental organizations is boosting the research activities, which also increases the market demand and value for sample preparation products. According to a 2017 report by the Association of the British Pharmaceutical Industry, the global pharmaceutical industry has invested in research and development over the years, from USD 108.1 billion in 2006 to USD 156.7 billion in 2016. The increasing rate of research activities in the pharmaceutical field is also hiking the market value of the sample preparation market associated with it.
Increasing Investments in Health and Biological Research Sector
The increasing investments in the health and biological research sector are hiking the market value of sample preparation products in the global market. The funding of 17.3 million USD by the German Research Foundation (DFG) in 2018 for German sequencing centres is one of the investments in the biological research sector. The significant investments made by developing countries in the Asia Pacific and the Middle East region in the medical and healthcare research sector are also expected to push the market value of the sample preparation market in the forecasted years.
North America to Hold Major Share of Market
Geographically, North America is estimated to hold a significant market share in the sample preparation market. As the United States is one of the major markets for biopharmaceuticals, the research and developments taking place in the country contributed to the large market share of the North American region.
|Market size value in 2020||US$6,183.846 million|
|Market size value in 2027||US$8,608.902 million|
|Growth Rate||CAGR of 4.84% from 2020 to 2027|
|Forecast Unit (Value)||USD Million|
|Segments covered||Product, Application, End Users, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Agilent Technologies Inc., Bio-Rad Laboratories Inc., Illumina, Merck Millipore (Merck KGaA), Danaher Corporation, Roche, Perkinelmer, Inc., Norgen Biotek Corporation, Qiagen N.V|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the sample preparation market size by 2027?
A1. The sample preparation market is projected to reach a market size of US$8,608.902 million by 2027.
Q2. What are the growth prospects for the sample preparation market?
A2. The global sample preparation market is projected to grow at a CAGR of 4.84% during the forecast period.
Q3. What is the size of the global sample preparation market?
A3. Sample Preparation Market was valued at US$6,183.846 million in 2020.
Q4. What factors are anticipated to drive the sample preparation market growth?
A4. The vital role of the sample preparation process in pharmaceutical research is one of the major factors driving the sample preparation market growth.
Q5. Which region holds the maximum market share in the sample preparation market?
A5. Geographically, North America is estimated to hold a significant share of the sample preparation market.
Agilent Technologies Inc.
Merck Millipore (Merck KGaA)
Norgen Biotek Corporation
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