(PharmaNewsWire.Com, April 02, 2020 ) This market is expected to reach USD 7,203.2 Million by 2021 from USD 5,512.2 Million in 2016, growing at a CAGR of 5.5%.
A number of factors such as the shift from manual to automated sample preparation, increasing research in the field of genomics, increase in laboratory and R&D spending, global alliances among leading research institutes to boost drug discovery, increasing need for food analysis due to safety concerns, and rising adoption of modern extraction techniques are expected to drive the growth of the sample preparation market during the forecast period.
Objectives of the Study:
# To define and measure the global sample preparation market with respect to products, applications, end users and regions
# To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
# To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market
# To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
# To forecast the size of the market with respect to four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World
# To strategically analyze the market structure and profile the key players of the global market and comprehensively analyze their core competencies
# To track and analyze competitive developments such as product deployments, agreements, collaborations, and partnerships; new product launches, product enhancements; expansions; acquisitions; and others (such as investments, and marketing and promotions) in the sample preparation market
# Sample preparation instruments, consumables, accessories, and related products manufacturing companies
# Suppliers and distributors of sample preparation instruments, consumables, and accessories
# Research institutes and academic centers
# Pharmaceutical and biopharmaceutical companies
# Biotechnology companies
# Molecular diagnostic companies
# Food and beverage analysis companies
# Business research and consulting service providers
# Environmental testing organizations
# Government departments and agencies
# Venture capitalists
On the basis of end user, the sample preparation market is segmented into pharmaceutical and biotechnology industry, research & academic institutes, food and beverage industry, and other end users (clinical research laboratories, forensic laboratories, and environmental testing industry). The pharmaceutical and biotechnology industry segment is expected to account for the largest share of the market in 2016 and is projected to grow at the highest CAGR in the forecast period.
Geographically, the global sample preparation market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (Latin America, Middle East, and Africa). North America is expected to account for the largest share of the sample preparation market in 2016, followed by Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific market is projected to grow at the highest CAGR, and serves as a revenue pocket for companies offering sample preparation products.
Prominent players in the global sample preparation market include Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Illumina, Inc. (U.S.), QIAGEN N.V. (Netherlands), PerkinElmer, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Hamilton Company (U.S.), Norgen Biotek Corporation (Canada), Roche Applied Science (Switzerland), Tecan Group (Switzerland), Sartorius (Germany), Merck (Germany), and Promega Corporation (U.S.).
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