The demand for sample preparation has been on the rise as the research and development activities for industries such as pharmaceuticals, chemicals, and other substances has gained momentum. Substances have to undergo sample preparation as they cannot be directly injected into analytical instruments. Additionally, stringent regulatory requirements are also demanding usage of sample preparation products to ensure accurate results. According to a research report published by Transparency Market Research, companies such as Merck KGaA, Thermo Fisher Scientific, Inc., Agilent Technologies, and PerkinElmer, Inc. are leading the global sample preparation market with their extensive product portfolios and their ambitious plans to increase their geographical reach.
Browse the full Global Sample Preparation Market Report:http://www.mrrse.com/sample-preparation-market
Unmet Medical Needs Offer Lucrative Opportunities to Global Market
According to the report, the opportunity in the global sample preparation market was worth US$4.6 bn in 2015. Analysts predict that this market will reach a valuation of US$8.3 bn by 2024 as it surges at a CAGR of 6.6% between 2016 and 2024. The progress of the global market will be attributable to the growing investments in sectors of life sciences and biotechnology. The emergence of these businesses to improve the health care facilities and therapies to meet the burgeoning medical demands of the global population is projected to propel the demand for sample preparation.
The unflinching support by several governments and organizations to research and development has become the cornerstone of growing global sample preparation market. This has encouraged many competitors to increase their investments in drug discovery and development of biosimilars. Collectively, this has resulted in the remarkable rise of the global market and increased the scope of application of sample preparation technologies. The growth of the market is also due to the unmatched breakthroughs in technologies that have rendered sample preparation speedier than before. Integration of techniques such as automation has also played an important role in the advancement of sample preparation market. The introduction of new kits and consumables have also led to rising in the revenues of the global market.
Asia Pacific Sample Preparation Market Shows Promise of Growth
Geographically, the global sample preparation market is segmented into regions such as North America, Europe, Asia Pacific, and Rest of the World. Of these, North America is anticipated to witness a significant rise in the sample preparation market as the region has a high adoption rate of sophisticated technologies. Additionally, increasing investments in genomics, epigenetics, and proteomics research are also likely to propel the uptake of sample preparation products and techniques in the coming years. The increasing emphasis on devising sustainable solutions for environmental hazards and a strong presence of leading biotechnology and pharmaceutical companies in North America will also keep this region in the forefront.
Browse the full Press Release of Global Sample Preparation Market at http://www.mrrse.com/global-sample-preparation-market
Asia Pacific has also been observed as an emerging region in the global sample preparation market. The developing countries of India, China, and Japan are expected to be lucrative markets for sample preparation during the forecast period. The booming pharmaceutical industry, increasing investments in research and development of biotechnology and drug discovery, and growing awareness of molecular diagnostics are all expected to contribute towards a significant growth of sample preparation market in Asia Pacific.