Sample Preparation Market - Major Factors of the Global Industry Growth

The sample preparation market comprises products used to prepare biological as well as chemical samples for the analysis of raw materials or final products primarily to determine the presence of unwanted materials. Sample preparation instruments, workstations, and consumables serve the purpose of the production of a homogeneous sub-sample, representative of the material submitted to a laboratory.

Objectives of the Study:

# To define and measure the Global Sample Preparation Industry with respect to products, applications, end users and regions

# To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, opportunities, and industry-specific challenges)

# To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market

# To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders

# To forecast the size of the market with respect to four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World

# To strategically analyze the market structure and profile the key players of the global market and comprehensively analyze their core competencies

# To track and analyze competitive developments such as product deployments, agreements, collaborations, and partnerships; new product launches, product enhancements; expansions; acquisitions; and others (such as investments, and marketing and promotions) in the sample preparation market

Factors Influencing Global Industry Growth:-

A number of factors such as the shift from manual to automated sample preparation, increasing research in the field of genomics, increase in laboratory and R&D spending, global alliances among leading research institutes to boost drug discovery, increasing need for food analysis due to safety concerns, and rising adoption of modern extraction techniques are expected to drive the growth of the sample preparation market during the forecast period.

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Restraints:

# High Costs of Workstations Restrict Purchase

# Difficulty in Developing ‘One-Size-Fit-All’ Sample Preparation Kits

Opportunities:

# Growing Proteomics Market

# Personalized Medicine to Fuel the Demand for Sample Preparation Solutions

# Increased Government Investment in Medical Researches Set to Increase Market Applications

Industry’s Revenue Growth Expectations:

This report studies the sample preparation market for the forecast period of 2016 to 2021. This market is expected to reach USD 7,203.2 Million by 2021 from USD 5,512.2 Million in 2016, growing at a CAGR of 5.5%.

Geographical Growth Scenario:

Geographically, the global sample preparation market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (Latin America, Middle East, and Africa). North America is expected to account for the largest share of the sample preparation market in 2016, followed by Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific market is projected to grow at the highest CAGR, and serves as a revenue pocket for companies offering sample preparation products.

Target Audience:

# Sample preparation instruments, consumables, accessories, and related products manufacturing companies

# Suppliers and distributors of sample preparation instruments, consumables, and accessories

# Research institutes and academic centers

# Pharmaceutical and biopharmaceutical companies

# Biotechnology companies

# Molecular diagnostic companies

# Food and beverage analysis companies

# Business research and consulting service providers

# Environmental testing organizations

# Government departments and agencies

# Venture capitalists

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Leading Market Players:

# Agilent Technologies, Inc. (U.S.)

# Danaher Corporation (U.S.)

# Illumina, Inc. (U.S.)

# QIAGEN N.V. (Netherlands)

# PerkinElmer, Inc. (U.S.) and many more…

The other players in this market have implemented various strategies to expand their global footprint and increase their market share. Major growth strategies followed by market players include new product launches, agreements, collaborations, and partnerships.

New product launches accounted for major share followed by agreements, collaborations, and partnerships which accounted for the second-largest share of the total number of key growth strategies adopted by players in the sample preparation market during 2013 to 2016. Acquisitions, product enhancement, and other developments (market promotions and grants) are some of the other strategies adopted by players to achieve growth in the sample preparation market.