The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s sample preparation market report forecasts the sample preparation market size to grow to $10.87 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.

Learn More On The Sample Preparation Market Report 2023 – https://www.thebusinessresearchcompany.com/report/sample-preparation-global-market-report

Sample Preparation Market Size Forecast
The global sample preparation market is expected to grow from $8.11 billion in 2022 to $8.66 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The sample preparation market size is expected to grow to $10.87 billion in 2027 at a CAGR of 5.8%.

North America held the largest sample preparation market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Sample Preparation Market Driver ­– Increase In R&D Spending In Pharmaceuticals
According to the National Centre for Biotechnology Information, a US-based government organization, pharmaceutical spending increased by 7.7% in 2021 to reach $576.9 billion in the US. In 2022, they forecast rises in prescription drug spending of 4.0% to 6.0% overall, 7.0% to 9.0% in clinics, and 3.0% to 5.0% in hospitals. Therefore, the increase in R&D spending in pharmaceuticals propels the growth of the sample preparation market.

Request for A Sample Of The Global Sample Preparation Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5302&type=smp

Key Sample Preparation Market Trend – Developing Automated Sample Preparation Systems
An automated sample preparation system uses robotics to manage the number of liquids such as reagents, specimen samples to prepare the samples for analysis and testing. These systems are integrated with software and spectrometric instruments for easy analysis of samples. For instance, in October 2020, PerkinElmer, Inc., a US-based company that enables scientists, researchers, and clinicians to address their most critical challenges across science and healthcare launched a fully automated liquid handling sample preparation and LC/MS/MS analysis workflow for testing pesticide residue in hemp and cannabis flower sample. In addition to cannabis-optimized reagents and sample prep consumables, the new end-to-end package includes proprietary cannabis SOPs and cloud-based tracking and reporting tools.

Sample Preparation Market Segment
1) By Product: Sample Preparation Instruments, Consumables, Sample Preparation Kit
2) By Application: Proteomics, Genomics, Epigenomics, Other Applications
3) By End User: Pharmaceutical, Biotechnology, Molecular Diagnostics, Other End Users

Sample Preparation Market Major Players and Strategies
Major players in the sample preparation market are Agilent Technologies, Bio-Rad Laboratories, Danaher Corporation, Illumina, Qiagen NV, PerkinElmer, F. Hoffmann-La Roche, Tecan Group Ltd., Hamilton Company, Norgen Biotek Corporation, Waters Corporation, Promega Corporation, and Biotage AB.

In August 2021, Pacific Biosciences, a US-based biotechnology company, acquired Circulomics Inc. for an undisclosed amount. Through this acquisition, the Circulomics team will increase Pacific Biosciences’ capacity for extraction and sample preparation and provide a simpler route toward an end-to-end automated workflow. Circulomics Inc. is a US-based biotechnology startup dedicated to providing highly distinctive sample preparation solutions supporting genomic workflows.

The Sample Preparation Global Market Report 2023 covers regional data on sample preparation market size, sample preparation market trends and drivers, opportunities, strategies, and sample preparation market competitor analysis. The countries covered in the sample preparation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Sample preparation is a technique that is used for converting biological and chemical products into a form that can be placed directly in analytical instruments for analysis.

View More Reports Related To The Sample Preparation Market –
Genomics Global Market Report 2023
NGS Based RNA Sequencing Global Market Report 2023
Automotive Testing, Inspection And Certification Global Market Report 2023

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: