Sample Preparation Market size is projected to experience significant growth from 2020 to 2026. Sample preparation is method of extraction or enrichment of analytes used to analyze effect of particular chemical or element. The purpose of sample preparation is to modify sample and make it amendable to improve particular analysis. Even though the process of sample preparation is time consuming, it provides significant analytical information. Thus, it minimizes cost involved in research and development. Various sample preparation methods have been developed mostly for chromatography.
Furthermore, it has application in genomics, protein purification and sequencing along with epigenomics. This method is used frequently by various biotechnology and pharmaceutical industries along with research and development institutes mainly for R&D purpose. Thus, sample preparation industry is expected to witness lucrative growth during forecast period.
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Increasing research and development activities leading to innovation in treatment therapies will provide immense growth opportunities for sample preparation. According to the U.S. FDA, nine novel drugs were launched in 2020 and 48 in the year 2019. Various biotechnology and pharmaceutical industries are majorly focusing on R&D, and cost involved is high. As sample preparation minimizes loss during research with respect to time, material and cost sample preparation market will foresee lucrative growth in the future.
Adoption of modern technologies including advanced chromatography among other extraction techniques will accelerate the demand for sample preparation. Various methods of sample preparation have been identified, especially in chromatography for extraction and purification. It provides highly pure form of substance that reduces risk of contamination and thus is being widely used in research and development activities by pharma and biotech companies. Thus, increasing adoption of such advanced techniques will drive sample preparation market growth in the foreseeable future.
Sample preparation instruments market will witness robust growth in the upcoming years due to automation and advancement in technology. These instruments include sample processing units, sectioning machines, pipetting systems and others that minimize human intervention and thus reduces risk of contamination. Hence, with automation in these sample preparation instruments, the segment will grow at significant rate in the future.
Genomics sample preparation segment is expected to foresee lucrative growth in the future owing to increasing clinical applications of genomic technologies such as gene targeted therapies, diagnosis of monogenic disorders and prenatal diagnosis among others. Thus, increasing applications of genomics to study the efficacy and efficiency of drugs in healthcare will further boost the market growth of the segment.
Biotechnology companies will witness robust growth owing to increasing emphasis on development of new biologics for treatment of various infectious diseases. Furthermore, expanding number of biotechnology firms in developing regions will further impact the segment growth in the upcoming years.
U.S. sample preparation market is estimated to grow rapidly during the analysis period due to developing technologies coupled with increasing funds for research and development. Technological innovations in pharmaceutical and biotechnology industries is leading to automation in sampling methods, that will influence industry growth over the coming years.
Asia Pacific sample preparation market will show momentous growth potential during the forecast years. Due to increasing geriatric population and chronic diseases, healthcare companies are more focused towards innovation. Various treatment therapies are focused on genomics and proteomics to provide accurate and efficient treatment. Thus, established market players focusing on research in new treatment therapies will accelerate the market growth in the region.
Some of the players in sample preparation market share are Agilent Technologies, QIAGEN, Thermo Fisher Scientific and Bio-Rad Laboratories among other. These firms are focused on strategic initiatives such as mergers, acquisitions, product launch and collaborations to achieve competitive advantage. For instance, in July 2019, Agilent Technologies announced acquisition of Biotek Instruments, a life science instrument manufacturing company. This acquisition will strengthen product portfolio of the firm.
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