July 04, 2022
According to the research report titled ‘Global Sample Preparation Market 2022-2028’, available with MarketStudyReport, global sample preparation market is estimated to reach a valuation of USD 9,035 million by the end of 2028 and garner a CAGR of 5.5% over the next six years.
Surging research activities for the study of genomics, a gradual shift from manual sample preparation to workstations, and rising partnerships among notable research institutes to bolster drug discovery are factors propelling the expansion of global sample preparation market.
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Moreover, soaring adoption of modern extraction techniques, increasing technological advancements in analytical instruments, and growing need for food analysis given the safety concerns are further escalating industry development.
Besides, the research also comprises an in-depth evaluation of the restraints and challenges prevailing in the market, along with the viable solutions that will enable entrepreneurs to accrue better revenue inflows and productivity.
Moving on, the document provides a thorough understanding of the impact of the COVID-19 outbreak on the market scenario, along with the growth trajectory, competitive landscape, and revenue accumulation for the period of 2022-2028.
Based on the product variety, worldwide sample preparation market is segmented into sample preparation kits, consumables, and sample preparation instruments.
Speaking of the application spectrum, the classification consists of proteomics, genomics, epigenomics, and others. The genomics segment contributed a significant percentage of the overall revenue generated in 2021 and is expected to garner subtle growth through 2028. As per the end-users, the market bifurcation includes hospitals, academics, pharmaceutical & biotechnology, and others.
From a geographical standpoint, the report analyses several regions such as North America, Europe, and Asia-Pacific to understand the revenue potential and give the stakeholders a concise depiction of the market size.
Lastly, the key players augmenting the competitive scope of global sample preparation industry are Waters Corporation, Tecan Group Ltd., PerkinElmer, Inc., Illumina, Inc., Danaher Corporation, Agilent Technologies, Inc., Thermo Fisher Scientific, Inc., Qiagen N.V., Merck KGaA, F. Hoffmann-La Roche AG, and Bio-Rad Laboratories, Inc. among others.