Market Size of Sample Preparation Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 9.07 Billion |
Market Size (2029) | USD 11.22 Billion |
CAGR (2024 - 2029) | 4.35 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Sample Preparation Market Analysis
The Sample Preparation Market size is estimated at USD 9.07 billion in 2024, and is expected to reach USD 11.22 billion by 2029, growing at a CAGR of 4.35% during the forecast period (2024-2029).
The COVID-19 pandemic significantly impacted the market studied. Due to the surge in infected patients, the demand for several sample preparation products increased globally. Most diagnostic tests relied on real-time polymerase chain reaction (RT-PCR) to amplify SARS-CoV-2 viral RNA from patient swabs. This created demand for various products for sample preparation. The ACS article published in February 2022 stated that the study's researchers used DirectDetect SARS-CoV-2 Direct Real-time RT-PCR sample preparation workflow from PerkinElmer for the detection of COVID-19 that successfully detected SARS-CoV-2 using minutes-long or hours-long sample preparation techniques or further implemented for decentralized diagnostic efforts. Such research related to sample preparation for the detection of COVID-19 impacted the market studied. Therefore, the pandemic significantly affected the market. However, sample preparation had a significant demand even during the post-pandemic period due to the emergence of mutant strains of COVID-19 and extensive research on advanced vaccines and diagnostics, thereby contributing to the market's growth.
Factors such as rapid advancements in sample collection and preparation and increased research and development spending on life sciences are expected to fuel the market's growth. For instance, according to the French Healthcare innovation 2030 report published in June 2021, France has 3,100 health tech businesses, employing 455,000 people, including 750 biotech companies. This is expected to lead to increased adoption of life science products in the research and development of novel therapies. In turn, it is expected to create opportunities for sample preparations needed for research laboratories for drug development. Furthermore, according to the above source, France intends to spend USD 1.8 billion in investment in addition to the funds already allocated to biomedical research. Thus, adopting life science sample preparations in biomedical research will further fuel the market's growth.
Moreover, the increasing number of clinical trials coupled with high investments in research and development (R&D) and product launches related to sample preparation are expected to flourish the market's growth over the forecast period. For instance, in March 2022, Beckman Coulter Life Sciences launched the CellMek Sample Preparation System (SPS), a fully automated SPS for clinical flow cytometry that offers on-demand processing for many sample types to help laboratories to expand their capabilities.
Therefore, owing to the abovementioned factors, the market studied is expected to witness growth over the forecast period. However, the high cost of installation of the systems is expected to hinder the market's growth over the forecast period.
Sample Preparation Industry Segmentation
As per the scope of the report, sample preparation consists of the products used to prepare biological and chemical samples for the analysis of raw materials, primarily to determine the presence of unwanted materials. Sample preparation instruments, workstations, and consumables serve the purpose of the production of a homogeneous sub-sample. The market is segmented by product (sample preparation instruments, consumables, and sample preparation kit), application (proteomics, genomics, epigenomics, and other applications), end-user (pharmaceutical, biotechnology, molecular diagnostics, academia, laboratory diagnostics, and other end-users), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (USD million) for the above segments.
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By Consumables | |||||||
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By Application | |
Proteomics | |
Genomics | |
Epigenomics | |
Other Applications |
By End User | |
Pharmaceutical | |
Biotechnology | |
Molecular Diagnostics | |
Other End Users |
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Sample Preparation Market Size Summary
The sample preparation market is poised for significant growth over the forecast period, driven by advancements in life sciences and increased research and development activities. The COVID-19 pandemic played a pivotal role in boosting demand for sample preparation products, particularly for diagnostic tests relying on RT-PCR techniques. This surge in demand was further fueled by ongoing research into COVID-19 variants and vaccine development. The market is expected to benefit from the rising adoption of life science products in drug development, supported by substantial investments in biomedical research, particularly in regions like France. The pharmaceutical sector is anticipated to hold a major share of the market, as sample preparation is crucial for analyzing complex biological materials, thereby facilitating drug development and manufacturing processes.
North America is expected to dominate the sample preparation market, with the United States leading due to its robust pharmaceutical industry and significant investments in research and development. The region's well-established healthcare infrastructure and concentration of market players contribute to its growth. Recent product launches and innovations, such as those by Thermo Fisher Scientific and PerkinElmer, are set to drive market expansion. The competitive landscape is characterized by the presence of key players like Agilent Technologies, Bio-Rad Laboratories, and Illumina, who are actively introducing new products to enhance market offerings. Despite the high cost of installation posing a challenge, the overall market is expected to witness steady growth, supported by technological advancements and increasing demand across various sectors.
Sample Preparation Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rapid Advancements in Sample Collection and Preparation
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1.2.2 Increase in Research and Development Spending on Life Sciences
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1.3 Market Restraints
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1.3.1 High Cost of Installation
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Product
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2.1.1 Sample Preparation Instruments
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2.1.1.1 Extraction System
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2.1.1.2 Workstation
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2.1.1.3 Automated Evaporation System
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2.1.1.4 Liquid Handling Instrument
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2.1.1.5 Other Sample Preparation Instruments
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2.1.2 By Consumables
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2.1.3 Sample Preparation Kit
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2.1.3.1 Purification Kit
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2.1.3.2 Isolation Kit
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2.1.3.3 Extraction Kit
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2.2 By Application
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2.2.1 Proteomics
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2.2.2 Genomics
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2.2.3 Epigenomics
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2.2.4 Other Applications
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2.3 By End User
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2.3.1 Pharmaceutical
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2.3.2 Biotechnology
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2.3.3 Molecular Diagnostics
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2.3.4 Other End Users
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Sample Preparation Market Size FAQs
How big is the Sample Preparation Market?
The Sample Preparation Market size is expected to reach USD 9.07 billion in 2024 and grow at a CAGR of 4.35% to reach USD 11.22 billion by 2029.
What is the current Sample Preparation Market size?
In 2024, the Sample Preparation Market size is expected to reach USD 9.07 billion.