Technological Advancement to Mark Sample Preparation Market, Driving Growth from 2019 to 2027: TMR

Growing concerns related to food safety and standards, coupled with increasingly stringent regulations, will drive growth in global sample preparation market

Increasing life sciences related research and development (R&D) activities will underscore growth over the forecast period

Market valuation is anticipated to reach worth of about USD 10 billion by 2027

News provided by

Transparency Market Research

Oct 05, 2020, 10:21 ET

ALBANY, N.Y, Oct. 5, 2020 /PRNewswire/ -- Spending directed towards research and development is increasing in life sciences. Additionally, it is worth pointing out here that advancements in technology are being noted worldwide. These are contributing significantly towards growth in global sample preparation market over the forecast period of 2019 to 2027.

As per Transparency Market Research, "A compound annual growth rate of about 6.6% will be recorded in the global sample preparation market over the aforementioned period. This is set to drive the market worth from about USD 5.6 billion in 2018 to about USD 10 billion by 2027 – the end of the forecast period. A host of factor will propel growth in the market landscape, creating growth avenues along the way."

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Key Findings of Global Sample Preparation Market Study:

Product-wise, it is anticipated that the instruments segment will dominate the global sample preparation market owing to certain developments in pharmaceutical industry
As far as techniques are concerned, it is worth noting that solid-phase extraction segment is set to dominate market growth owing to its high and growing popularity
North America is anticipated to be a prominent regional market while Asia Pacific is expected to chart high growth rate from 2019 to 2027

For a detailed analysis of global sample preparation market by technique, product, end-user, application, and region, visit TOC at https://www.transparencymarketresearch.com/report-toc/3855

Key Drivers of Growth in Global Sample Preparation Market:

Innovation and technological advancement are set to be notable growth propellers in the global sample preparation market
Increasing investment in life sciences research and development are paving way for a high growth trajectory over the forecast period
Growing environmental concerns, stringent regulatory policies regarding safety and standards are creating a positive market outlook

Analyze global sample preparation market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study https://www.transparencymarketresearch.com/sample.php

Regional Analysis of Global Sample Preparation Market:

In 2018, North American region dominated the market landscape, trailed by European region and the trend of North American dominance is set to continue
Increasing investment in epigenetics, proteomics and genomics and advancement in technology are factors driving North America forward
Presence of strong biotechnology organizations and of leading pharmaceutical players in the region also helps it claim sizeable revenue share
Asia Pacific region is set to chart impressive CAGR over the forecast period of the market report
Improving capabilities in research and development (R&D) is set to drive growth in the regional market over the forecast period

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Competitive Landscape of Global Sample Preparation Market:

The consolidated global sample preparation market is growing and one of the factors making it possible is growth strategies opted by individual players, seeking higher revenues. Players that have created a mark in the vendor landscape of this market are Thermo Fisher Scientific, Inc., Merck KGaA, PerkinElmer, Inc., Agilent Technologies, Bio-Rad Laboratories, Danaher Corporation, Roche, Qiagen, Restek Corporation, Waters Corporation, Tecan Group, Phenomenex Inc., Biotage, and Illumina Inc., among others.

As mentioned above, technology is a crucial component of growth in the market. And, therefore, so is innovation. New product development and seeking their regulatory approval are notable focus areas for market players. Often, to consolidate their market position, carve off higher market share, players enter key alliances.

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The global Sample Preparation market has been segmented as follows:

Global Sample Preparation Market, by Technique

Protein preparation
Solid-phase extraction
Liquid-liquid Extraction

Global Sample Preparation Market, by Product

Sample Preparation Instruments
Consumables
Sample Preparation Kits
Accessories

Global Sample Preparation Market, by Application

Genomics
Proteomics
Epigenomics
Transcriptomics
Metabolomics

Global Sample Preparation Market, by End-user

Biotechnology
Pharmaceuticals
Medical Diagnostics
Academic Institutes
Others

Global Sample Preparation Market, by Region

North America

U.S.
Canada

Europe

Germany
U.K.
France
Italy
Spain
Rest of Europe

Asia Pacific

China
India
Japan
Australia & New Zealand
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

GCC Countries
South Africa
Rest of Middle East & Africa

Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:

Clinical Chemistry Analyzers Market: Significant developments in the design of modern-day clinical chemistry analyzers are expected to define the path of the clinical chemistry analyzers market, which is poised expected to reach a value of ~US$ 16.3 Bn by 2027. Groundbreaking technological advancements, improved production techniques, and entry of cutting-edge software are some of the factors that are projected to accelerate the growth of the clinical chemistry analyzers market during the forecast period

Flow Cytometry Market: A substantial rise in the adoption of flow cytometry techniques in the clinical trials and research activities is projected to encourage the growth of the global flow cytometry market in the next few years. The increasing prevalence of cancer and HIV/AIDS and the technological developments are anticipated to attract a large number of players, thus enhancing the market growth in the near future.

Polymerase Chain Reaction (PCR) Market: Innovations and developments in pharmacogenomics and growing trend of self-diagnosis of disorders as a preventive measure are also expected to work in favor of the growth of the global polymerase chain reaction (PCR) market in the coming years of the forecast period.

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