Sample preparation is one of the crucial segments of analytical chemistry. This process refers to the ways of treating a sample before it is analyzed. It is a very essential step in most of the analytical techniques and is considered as one of the most common operations in the laboratories. According to the research, it consumes more than 60% of the total lab workload across the world. The considerable time spent on these processes along with the protocols is creating rising demand for these methods. The time and manual labor spent on these processes is driving the global sample preparation market. The time saving advantages are working in favor of this industry, which is expected growth at a healthy CAGR.
Segmentation in Sample Preparation Industry
The global industry is segmented on the basis of the types of products, applications, end-users and geographic regions. On the basis of the types of products, the market is divided into four major segments, which include the instruments, accessories, consumables, and sample preparation kits. The basic applications of these processes run across proteomics, genomics, epigenomics and others. End-user industries in the sample preparation market are divided into molecular diagnostics, pharmaceuticals, biotechnology, applied testing, and academic research institutes. On the basis of the major geographic regions, the market is segmented into Europe, North America, Asia Pacific and RoW.
Drivers and Opportunities
The global sample preparation market is strongly driven by the advantages of automated sample preparation workstations. These are creating high demand in the market. Rising adoption of modern extraction techniques and technological advancements are also driving the market at a healthy growth rate. Increasing research and development activities in the life science industries are also expected to create attractive business prospects in the global market. Global alliances amongst the leading research institutes are also expected to create significant buzz in the market. Growth of the proteomics market and demand for personalized medicines are expected to create strong business prospects.
Despite the restraints like high costs of the workstations and difficulties in development of one-size-fit-all preparation kits, the global market is expected to witness healthy growth. According to the expert analysis of the growth trends, drivers and restraints of the market, the sample preparation market is projected to grow at a CAGR of over 5%. At this projected steady growth rate, the market is expected to become worth $5,672.0 million by the end of the year 2018. During the forecasting period, proteomics market is expected to witness the strongest growth in terms of CAGR. North America is expected to dominate the global market, followed by Europe and Asia Pacific regions.