April 17, 2024
Sample Preparation Market

The Global Sample Preparation Market Growth is derived from rising demand for diagnostic testing

The global sample preparation market plays a vital role in providing accurate and reliable laboratory testing results. It involves techniques like grinding, dissolution, digestion, extraction, filtration, purification, concentration and separation in order to prepare raw material samples for analysis. The increasing use of analytical instruments in industries such as pharmaceuticals, biotechnology, food, chemicals, environmental testing, and others is driving demand for sample preparation equipment. Advancements in automation technology are also fueling market growth.

Sample preparation solutions simplify workflows, save time and resources, while ensuring safety and reproducibility. These manual and automated systems equip laboratories with tools for processing varied sample types such as tissues, serum, plasma, whole blood and others for applications like genomics, proteomics and metabolomics research.

The Global sample preparation market is estimated to be valued at US$ 52.8 Bn in 2024 and is expected to exhibit a CAGR of 24% over the forecast period 2024 to 2031.

Key Takeaways
Key players operating in the sample preparation market are Softdel (A UNIDEL Company), ABB Ltd., Hitachi Ltd., Honeywell International, Avnet Inc., Siemens AG, Legrand SA, Schneider Electric SE, Johnson Controls Inc., Huawei Technologies Co. Ltd., Cisco Systems, and IBM Corporation. These companies are investing in R&D to develop innovative sample preparation solutions incorporating latest technologies like robotics, AI and cloud computing.

Growing investment in life sciences research and rising demand for diagnostic testing are fueling demand for Sample Preparation Market Size products. Pharmaceutical and biotechnology companies are increasingly outsourcing analytical requirements to contract research organizations equipped with high-throughput automated systems for faster development of molecular diagnostics and precision medicines.

The sample preparation market is expanding globally due to increasing penetration in emerging Asian countries. China, India, South Korea, Indonesia, and others are witnessing rising funds for healthcare infrastructure, drug development activities and industrial automation. This coupled with favorable government policies is attracting international players to establish R&D and manufacturing facilities in these regions.

Market key trends
One of the key trends in the Sample Preparation Market is the growing adoption of automated liquid handling workstations. These automated systems can quickly process large number of liquid samples simultaneously with high accuracy and reproducibility as required for advanced analytics. Technologies like integrated Robotics are helping to develop fully automated end-to-end workflow solutions from sample accessioning to analysis, thus improving lab efficiency.

Porter’s Analysis

Threat of new entrants: High capital investment and R&D required to enter this market deters new players.

Bargaining power of buyers: Fragmented customers base with specialized needs limit buyer bargaining power.

Bargaining power of suppliers: Suppliers have moderate bargaining power as components can be sourced from multiple suppliers.

Threat of new substitutes: No direct substitutes available currently however miniaturization trend can generate some new substitutes in future.

Competitive rivalry: Global players compete intensely on innovation, quality, and brand value.

Geographical Regions

North America accounts for the largest share in terms of value due to high adoption in industries like healthcare, life sciences, oil & gas, food & beverages. Asia Pacific registers the fastest growth owing to industrialization, growing middle class population and rapid urbanization in countries like China and India.

Currently, North America leads the global market with over 35% share in terms of value. Early adoption across various industries like healthcare, life sciences and chemical propels regional market growth. Asia Pacific is emerging as the fastest growing regional market for sample preparation systems. Factors such as growing middle class population, rapid industrialization and urbanization in major countries like China and India are fueling regional demand. Emphasis on research infrastructure development and contractual outsourcing further support market expansion across Asia Pacific.

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