Health

Sample Preparation (Genomics, Proteomics) Market To Grow At A CAGR Of 5.5% To 2021

The sample preparation market is poised to reach USD 7,203.2 million by 2021 from USD 5,512.2 in 2016, growing at a CAGR of 5.5% during the forecast period of 2016 to 2021.

— Sample preparation involves conversion of samples into a format which can be directly placed in the analytical instruments for analysis. The conversion process ranges from simple ‘dilute and shoot’ methods to complex multi-stage sample handling activities. The number and type of steps differ according to the phase of the starting material. In addition, the process varies depending on the type of sample to be analyzed. The commonly involved sample preparation process for majority of sample type includes steps such as extraction, purification, and isolation. Solid Phase Extraction (SPE), Liquid-Liquid Extraction (LLE), and QuEChERS (Quick, Easy, Cheap, Effective, Rugged and Safe) are the popular sample preparation techniques.

Complete report on sample preparation market spread across 210 pages, profiling 13 companies and supported with 98 tables and 23 figures is now available http://www.reportsnreports.com/reports/596001-sample-preparation-market-by-product-instruments-workstations-liquid-handling-systems-consumables-kits-filters-application-genomics-proteomics-end-users-pharmaceutical-and-biotechnology-food-and-beverage-global-forecast-to-2021.html .

The Consumables segment is expected to account for the largest share of the sample preparation market, by product, in 2016. Consumables segment comprising kits, columns, tubes, filters, plates and other consumables contribute to the largest share of the consumables segment as these are recurring items in a an attribute to repeat purchases. The genomics segment is expected to account for the largest share of the sample preparation market, by application, in 2016. The growing adoption of automated technologies that provide a large number of benefits over manual processes is the major factor driving the market for sample preparation in genomics. The pharmaceutical and biotechnology industries segment is expected to dominate the sample preparation market, by end user, in 2016. Pharmaceutical and biotechnology industries use sample preparation to achieve their research goals, such as the development of new cancer treatments or development of treatments for rare diseases.

North America is expected to account for the largest share in the sample preparation market in 2016, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). The large share of North America region can be attributed to the presence of increase in laboratory spending, collaborations between vendors, large scale production of genetically modified crops in the U.S. In addition, initiation of Genomic Applications Partnership Program (GAPP)as well as the growing food testing industry in Canada. Asia-Pacific is expected to witness highest growth rate in the forecast period, mainly due to increasing concerns related to the presence of arsenic in food in Japan, government investments in the biomedical and biotechnology industries in China, and increasing government initiatives and growing pharmaceutical industry in India.

Prominent players in the sample preparation market include Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Illumina, Inc.(U.S.), QIAGEN N.V.(The Netherlands), PerkinElmer, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Norgen Biotek Corporation (Canada), Hamilton Company (U.S.), Tecan Group Ltd. (Switzerland), Merck (U.S.), Promega Corporation (U.S.), and Roche Applied Science(U.S).

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The sample preparation market witnesses high competitive intensity as there are several big and many small firms with similar product offerings. These companies adopt various strategies (new product launch, agreements, partnerships, collaborations acquisitions, and expansions) to increase their market shares and to establish a strong foothold in the global market.

On a related note, another research on Healthcare Analytical Testing Services Market Global Forecast to 2021 says, the market is estimated to grow at a CAGR of 11.3% from 2016 to 2021, to reach USD 4.13 billion by 2021 from USD 2.42 billion in 2016. North America commanded a major share of the healthcare analytical testing services market in 2015. The healthcare analytical testing services market is segmented on the basis of services, samples, end users, and regions. Companies like Exova Group Plc., Eurofins Scientific SE, SGS, PPD Inc., WuXi PharmaTech Inc., Charles River Laboratories International Inc., Source BioScience Plc., Anabiotec, Intertek Group Plc., Medistri SA, Pace Analytical Services Inc. and BioReliance Corporation have been profiled in this 345 pages research report available at http://www.reportsnreports.com/reports/573623-healthcare-analytical-testing-services-market-by-type-stability-raw-materials-method-validation-microbial-environmental-monitoring-bioanalytical-services-by-end-user-pharmaceutical-companies-medical-device-companies-global-forecast-to-2021.html .

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