Sample Preparation Market is Expecting Huge Surge in Revenue Generation by 2021

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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%.

(EMAILWIRE.COM, December 13, 2018 ) Browse 116 market data tables with 46 figures spread through 210 pages and in-depth TOC on "Sample Preparation Market"
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Drivers:

# Advantages of Automated Sample Preparation Workstations to Create High Demand
# Technological Advancements in Sample Preparation Workstations
# Global Alliances Amongst Leading Research Institutes to Boost Drug Discovery
# Rising Adoption of Modern Extraction Techniques
# Technological Advancements in Analytical Instruments Demand Better Samples
# Increasing Life Sciences R&D Spending

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

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In this report, the sample preparation market is segmented on the basis of type, application, end user, and region. Based on product, the sample preparation market is categorized into automated instruments, consumables, and accessories. The consumables segment is expected to account for the largest share of the sample preparation market in 2016. This segment is projected to grow at the highest CAGR during the forecast period.

Based on application, the sample preparation market is segmented into genomics, proteomics, epigenomics and epigenetics, and other applications (forensic sample preparation, food testing, and environmental monitoring). The genomics segment is expected to account for the largest share of the market in 2016; this segment is expected to grow at the highest CAGR during the forecast period.

On the basis of end user, the sample preparation market is segmented into pharmaceutical and biotechnology industry, research & academic institutes, food and beverage industry, and other end users (clinical research laboratories, forensic laboratories, and environmental testing industry). The pharmaceutical and biotechnology industry segment is expected to account for the largest share of the market in 2016 and is projected to grow at the highest CAGR in the forecast period.

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.

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

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