July 19, 2024
Sample Preparation Market

Increased Focus On Precision Medicine Anticipated To Open New Avenue For Sample Preparation Market

Market Overview:

The sample preparation market involves processes and techniques used to extract, isolate, separate analyze and purify biomolecules such as proteins, RNA and DNA from biological samples like blood, plasma, serum, urine, tissues etc. Sample preparation plays a key role in diagnostics, proteomics, genomics and cellomics research as it ensures optimal isolation, purification and enrichment of biomolecules before analytical testing. Techniques such as protein precipitation, liquid-liquid extraction, filtration and solid phase extraction are widely used to clean and concentrate samples.

Market Dynamics:

Increasing focus on precision medicine and personalized diagnostics is a key driver for the sample preparation market. Precision medicine aims to tailor medical treatment to individual characteristics, lifestyle and environmental factors for each patient, and requires genomic and proteomic profiling of patient samples. Moreover, next generation sequencing techniques used in precision medicine generate massive amounts of data requiring extensive sample preparation and cleanup before analysis. Another driver is rising R&D investments by pharmaceutical and biotechnology companies in drug discovery and development which involves intensive omic analysis requiring various sample preparation techniques.

Segment Analysis

The sample preparation market is dominated by the instruments segment owing to its wide application in the field of genomics, proteomics and other life science research areas. The instruments segment includes sample concentrators, liquid handling instruments, beads rupturing systems and other equipments used during sample preparation procedures. These instruments help achieve high precision and accuracy during isolation, purification and homogenization of samples. Automated instruments dominate this segment due to benefits like walkaway sample processing, minimized human errors and improved workflow.

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.

PEST Analysis

Political: Government funding on life science research and healthcare sector drives the demand for sample preparation instruments and kits. stringent regulations regarding product quality and safety also impact the market.
Economic: Growing biopharmaceutical and biotechnology industries fuel the market growth. However, high costs of automated sample preparation systems can limit purchases.
Social: The increasing prevalence of chronic and infectious diseases propel research activities. Growing awareness about personalized medicine and biomarker-based diagnostics increase sample needs.
Technological: Automation, miniaturization, integrated workflows and cloud connectivity technologies support market growth. Rapid technologies for genomic and proteomic analysis and high-throughput screening augment the sample preparation needs.

Key Takeaways

The global sample preparation market is expected to witness high growth, exhibiting CAGR of 6.4% over the forecast period, due to increasing investments in genomics and proteomics research. The market size is projected to grow from US$ 45.83 Mn in 2023 to over US$ 70 Mn by 2030.

North America dominates the market owing to presence of leading life science research institutes and bioscience companies in the region. Additionally, growing biobanks and personalized medicine programs in the US and Canada contribute to regional growth.

Asia Pacific shows promising growth due to rising R&D expenditure, increasing governments’ focus on healthcare infrastructure and expanding biopharma industry in countries like China and India. Emerging biotech hubs and growing genomics research drive the Asian sample preparation market.

Key players operating in the sample preparation market are 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. and Merck KGaA. Leading players focus on developing integrated multi-omics sample preparation solutions to gain high share.Strategic collaborations and acquisitions are followed to strengthen product portfolios.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it