Emphasis on Product (Instruments, Consumables, and Kits); Application (Proteomics, Genomics, Epigenomics, and Others); End-user (Pharmaceutical, Biotechnology, Molecular Diagnostics, Academia, Laboratory Diagnostics, and Others); and Region/Country
Global Sample Preparation Market is expected to grow at a significant rate of around 6.5% during the forecast period. Sample preparation, in analytical chemistry, is the process in which a representative piece of material is extracted from a larger amount and readied for analysis and diagnosis. The sample preparation market has been growing on account of various factors including the growing emphasis on NGS-based diagnostics and surging incidences of cancer across the globe. According to the American Cancer Society, in 2022, approx. 1.9 million new cancer cases diagnosed and 609,360 cancer deaths in the United States. This exponential increase in cancer prevalence has created a buzz among biotechnology and pharmaceutical companies for investing in the development of effective and reliable diagnostic tools based on sample collection and preparation. For instance, in October 2022, Thermo Fisher Scientific announced it to expand its clinical research lab in Kentucky by investing USD 59 million. Moreover, the launching of new diagnostic tests and assays is contributing to the growth of the sample preparation market. For instance, in April 2019, Roche launched the Ventana HER2 Dual ISH DNA Probe Cocktail assay for the detection of the HER2 biomarker in breast and gastric cancer patients to determine the eligibility for the targeted drug trastuzumab (Herceptin).
Merck KGaA; Thermo Fisher Scientific Inc.; Bio-RAD Laboratories Inc.; Tecan Trading AG.; Agilent Technologies Inc.; Hamilton Company; Promega Corporation; Illumina Inc.; F. Hoffmann-La Roche Ltd; Danaher are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst product, the instruments category is expected to grow with a significant CAGR during the forecast period”
Based on product, the market is segmented into instruments, consumables, and kits. The instrument segment is expected to grow with significant CAGR rates during the forecast period owing to the launch of newly enhanced products in the global market. For instance, in September 2022, Olive Diagnostics launched Olive KG, which is the world’s first AI- and spectroscopy-based device, which performs high-quality analysis of important parameters in the patient’s urine in each urination, in a 100% passive way and without any need for additional accessories.
“Amongst end user, biotechnology held a significant share in the market in 2021”
On the basis of end user, the sample preparation market has been classified into pharmaceutical, biotechnology, molecular diagnostics, and others. Among these, biotechnology held a significant share in the market in 2021. This is mainly due to the increasing application of sample preparation in drug discovery, genomics, and proteomics. Along with this, the growing adoption of next-generation sequencing and the identification of biomarkers is also expected to improve the adoption rate of sample preparation and consumables in the research field.
“North America to hold a significant share in the market”
In 2021, North America held a significant share of the sample preparation market. This is mainly due to the availability of many biopharmaceutical companies coupled with the increased investment in the biotechnology and healthcare sector has led to this growth in the region. Also, increasing investment in manufacturing companies and academic and research institutions for the development of gene synthesis-based products like precision medicine, diagnostic products for various types of diseases, and other treatments. For instance, in October 2022, Tasso collaborated with Catapult Health to commercialize its U.S.-FDA-cleared device for collecting blood specimens at home. Furthermore, the presence of key industry players in the region and an increasing number of product launches are also some of the factors contributing to the market growth. For instance, in October 2022, Thermo Fisher Scientific launched a comprehensive and automated system for sample preparation of chromatography.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Sample Preparation Market
6. Sample Preparation Market Revenue (usd Bn), 2020-2028f
7. Market Insights By Product
8. Market Insights By Application
9. Market Insights By End-user
10. Market Insights By Region
11. Sample Preparation Market Dynamics
12. Sample Preparation Market Opportunities
13. Sample Preparation Market Trends
14. Demand And Supply-side Analysis
15. Value Chain Analysis
16. Pricing Analysis
17. Strategic Insights
18. Competitive Scenario
19. Company Profiled
20. Disclaimer
Research Methodology for the Sample Preparation Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global sample preparation market were the three major steps undertaken to create and analyze the adoption of sample preparations in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global sample preparation market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the sample preparation market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the sample preparation market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product, application, and end user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the sample preparation market. Further, we conducted factor analysis using dependent and independent variables such as various product, application, and end user of sample preparations. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the sample preparation market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global sample preparation market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global sample preparation market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product, application, and end user in the global sample preparation market.
The main objective of the Global Sample Preparation Market Study
The current & future market trends of the global sample preparation market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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