Latest Sample Preparation Market Growth Study 2022-2026 By The Business Research Company
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The sample preparation market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 7%, as per The Business Research Company’s market report!
Read More On The Sample Preparation Market Report 2022 – https://www.thebusinessresearchcompany.com/report/sample-preparation-global-market-report
The Sample Preparation Market Size In 2022 And Forecast
The global sample preparation market is expected to grow from $7.29 billion in 2020 to $8.17 billion in 2021 at a compound annual growth rate (CAGR) of 12.1%. 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, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The sample preparation market is expected to reach $10.85 billion in 2025 at a CAGR of 7.3%.
The sample preparation market consists of sales of sample preparation products and related services by entities (organizations, sole traders, and partnerships) that are engaged in providing sample preparation instruments, consumables, and kits.
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Increase In R&D Spending In Pharmaceuticals Is Driving The Growth Of The Sample Preparation Market
According to its 2019 annual report, Pfizer, a US-based pharmaceutical company increased its R&D spending from $7,683 million in 2018 to $8,650 in 2019 million. Therefore, the increase in R&D spending in pharmaceuticals propels the growth of the sample preparation market.
Competitive Landscape And The Regional Analysis Of The Sample Preparation Market
Major players in the sample preparation market are Agilent Technologies, Bio-Rad Laboratories, Danaher Corporation, Illumina, Qiagen NV, PerkinElmer, F Hoffman La Roche, Tecan Group Ltd., Hamilton Company, Norgen Biotek Corporation, Waters Corporation, Promega Corporation, and Biotage AB.
The Sample Preparation Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the sample preparation market.
Developing Automated Sample Preparation Systems – A Key Trend In The Sample Preparation Market
Players in the sample preparation industry are increasingly 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.
Sample Preparation Market Segmentation By The Business Research Company
1) By Product: Sample Preparation Instruments, Consumables, Sample Preparation Kit
2) By Application: Proteomics, Genomics, Epigenomics, Others
3) By End User: Pharmaceutical, Biotechnology, Molecular Diagnostics, Others
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