Sample Preparation Market Size (2024 - 2029)

Sample Preparation Market Analysis

The Sample Preparation Market size is estimated at USD 9.07 billion in 2024, and is expected to reach USD 11.22 billion by 2029, growing at a CAGR of 4.35% during the forecast period (2024-2029).

The COVID-19 pandemic significantly impacted the market studied. Due to the surge in infected patients, the demand for several sample preparation products increased globally. Most diagnostic tests relied on real-time polymerase chain reaction (RT-PCR) to amplify SARS-CoV-2 viral RNA from patient swabs. This created demand for various products for sample preparation. The ACS article published in February 2022 stated that the study's researchers used DirectDetect SARS-CoV-2 Direct Real-time RT-PCR sample preparation workflow from PerkinElmer for the detection of COVID-19 that successfully detected SARS-CoV-2 using minutes-long or hours-long sample preparation techniques or further implemented for decentralized diagnostic efforts. Such research related to sample preparation for the detection of COVID-19 impacted the market studied. Therefore, the pandemic significantly affected the market. However, sample preparation had a significant demand even during the post-pandemic period due to the emergence of mutant strains of COVID-19 and extensive research on advanced vaccines and diagnostics, thereby contributing to the market's growth.

Factors such as rapid advancements in sample collection and preparation and increased research and development spending on life sciences are expected to fuel the market's growth. For instance, according to the French Healthcare innovation 2030 report published in June 2021, France has 3,100 health tech businesses, employing 455,000 people, including 750 biotech companies. This is expected to lead to increased adoption of life science products in the research and development of novel therapies. In turn, it is expected to create opportunities for sample preparations needed for research laboratories for drug development. Furthermore, according to the above source, France intends to spend USD 1.8 billion in investment in addition to the funds already allocated to biomedical research. Thus, adopting life science sample preparations in biomedical research will further fuel the market's growth.

Moreover, the increasing number of clinical trials coupled with high investments in research and development (R&D) and product launches related to sample preparation are expected to flourish the market's growth over the forecast period. For instance, in March 2022, Beckman Coulter Life Sciences launched the CellMek Sample Preparation System (SPS), a fully automated SPS for clinical flow cytometry that offers on-demand processing for many sample types to help laboratories to expand their capabilities.

Therefore, owing to the abovementioned factors, the market studied is expected to witness growth over the forecast period. However, the high cost of installation of the systems is expected to hinder the market's growth over the forecast period.

Sample Preparation Industry Segmentation

As per the scope of the report, sample preparation consists of the products used to prepare biological and chemical samples for the analysis of raw materials, 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. The market is segmented by product (sample preparation instruments, consumables, and sample preparation kit), application (proteomics, genomics, epigenomics, and other applications), end-user (pharmaceutical, biotechnology, molecular diagnostics, academia, laboratory diagnostics, and other end-users), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (USD million) for the above segments.