April 23, 2024
Sample Preparation Market

The Global Sample Preparation Market to Witness High Growth Owing to Advancements in Automation Technology

The sample preparation market involves the extraction, fractionation, purification, and concentration of biomaterials and chemical substances into suitable forms for analytical techniques and instruments. Sample preparation activities play a crucial role in ensuring the accuracy and reliability of analytical results by processing samples into suitable physical and chemical forms. The growing demand for effective diagnostics, quality control testing, and research activities across various industries has augmented the need for efficient sample preparation solutions. Rising automation and integration of robotics is enabling the development of high-throughput sample preparation platforms with increased reproducibility and throughput.

The Global Sample Preparation Market is estimated to be valued at US$ 52.8 Bn in 2024 and is expected to exhibit a CAGR of 24% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the sample preparation market are Softdel (A UNIDEL Company), ABB Ltd., Hitachi Ltd., Honeywell International, Avnet Inc., Siemens AG, Legrand SA, Schneider Electric SE, Johnson Controls Inc., Huawei Technologies Co. Ltd., Cisco Systems, and IBM Corporation. These players are focusing on developing innovative automated solutions for increased sample throughput.

The market is expected to witness lucrative opportunities owing to the rising adoption of lab automation solutions across industries. Moreover, growing investments by governments and private organizations to enhance research capacities will further drive the demand. Technological advancements such as integration of robotics, IoT, and artificial intelligence are allowing the development of smart sample preparation platforms with self-learning capabilities.

Market Drivers

One of the key drivers for the Sample Preparation Market Size is the growing food safety concerns. Stringent regulations regarding food safety and quality control necessitate extensive testing of food and beverage samples. This is augmenting the demand for efficient sample preparation equipment to facilitate high-volume testing with accuracy. Moreover, automation and integration of robotics are enabling enhanced reproducibility, reduced lab workloads, and optimized workflows. This is expected to fuel the adoption of automated sample preparation solutions over the forecast period.

Current challenges in Sample Preparation Market

The Sample Preparation Market has been witnessing rise in complexities in several industries including environmental, clinical research, pharmaceutical, biotechnology and others in recent years. This has posed signicant challenges for market players in innovating and developing products and services. Some of the key challenges include contamination risks, inefficient sample processing workflows, increased sample throughput needs, reproducibility concerns, and high costs associated with manual sample preparation methods. Addressing these challenges through continuous R&D and launch of advanced automated systems is critical for sustainable growth in this market.

SWOT Analysis

Strength: Growing demand for automation and miniaturization in sample preparation techniques is driving innovations. Standardization of workflow protocols is also boosting adoption.

Weakness: High costs of advanced automated systems limit procurement in resource-constrained settings. Lack of skilled professionals also affects operations.

Opportunity: Emerging areas like single cell analysis and personalized medicine offer lucrative opportunities.Point-of-care applications also have immense potential.

Threats: Changing regulatory environment increases compliance burden. Intense competition threatens pricing and margins of existing players.

Geographical regions of concentration

North America currently captured the major share of the global sample preparation market in terms of value in 2021 attributed to presence of prominent industry players, advancing research infrastructure, and growing funding for analytical testing in several end use industries across the US and Canada.

Fastest growing geographical region

The Asia Pacific regional market is poised to register fastest growth during the forecast period owing to increasing R&D investments, growing number of CROs & pharma companies in India and China, entry of new market players, and focus on development of inexpensive lab automation technologies well-suited for resource-constrained settings in the region. Rising awareness about applications of genomics and proteomics in drug development also supports regional market growth.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it