Sample Preparation Market Growth Steady at 5.5% CAGR to 2021

Jun 23, 2016, 04:00 ET from Market Reports Hub

PUNE, India, June 23, 2016 /PRNewswire/ --

Driven by pharmaceutical and biotechnology industries, sample preparation market growth is supported by growing adoption of automated technologies that provides large number of benefits over manual processes according to this new research report. It forecasts the market to reach $7,203.2 million by 2021 from $5,512.2 million in 2016, growing at a CAGR of 5.5% from 2016 to 2021.

Complete report on global sample preparation market spread across 210 pages, profiling 13 companies and supported with 98 tables and 23 figures is now available at http://www.marketreportshub.com/sample-preparation-industry-research-marketsandmarkets.html

The Consumables segment is expected to account for the largest share of the sample preparation market, by product, in 2016. Consumables segment comprising kits, columns, tubes, filters, plates and other consumables contribute to the largest share of the consumables segment as these are recurring items in a an attribute to repeat purchases. The genomics segment is expected to account for the largest share of the sample preparation market, by application, in 2016.

The sample preparation market witnesses high competitive intensity as there are several big and many small firms with similar product offerings. These companies adopt various strategies (new product launch, agreements, partnerships, collaborations acquisitions, and expansions) to increase their market shares and to establish a strong foothold in the global market.

North America is expected to account for the largest share in the sample preparation market in 2016, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). The large share of North America region can be attributed to the presence of increase in laboratory spending, collaborations between vendors, large scale production of genetically modified crops in the U.S. In addition, initiation of Genomic Applications Partnership Program (GAPP) as well as the growing food testing industry in Canada.

Asia-Pacific is expected to witness highest growth rate in the forecast period, mainly due to increasing concerns related to the presence of arsenic in food in Japan, government investments in the biomedical and biotechnology industries in China, and increasing government initiatives and growing pharmaceutical industry in India.

The growing adoption of automated technologies that provide a large number of benefits over manual processes is the major factor driving the market for sample preparation in genomics. The pharmaceutical and biotechnology industries segment is expected to dominate the sample preparation market, by end user, in 2016. Pharmaceutical and biotechnology industries use sample preparation to achieve their research goals, such as the development of new cancer treatments or development of treatments for rare diseases.

Prominent players in the sample preparation market include Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Illumina, Inc. (U.S.), QIAGEN N.V. (The Netherlands), PerkinElmer, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Norgen Biotek Corporation (Canada), Hamilton Company (U.S.), Tecan Group Ltd. (Switzerland), Merck (U.S.), Promega Corporation (U.S.), and Roche Applied Science (U.S). Order a copy of "Sample Preparation Market by Product (Instruments (Workstations, Liquid Handling Systems), Consumables (Kits, Filters)), Application (Genomics, Proteomics), End Users (Pharmaceutical and Biotechnology, Food and Beverage) - Global Forecast to 2021" research report at http://www.marketreportshub.com/purchase?rpid=3984

The commonly involved sample preparation process for majority of sample type includes steps such as extraction, purification, and isolation. Solid Phase Extraction (SPE), Liquid-Liquid Extraction (LLE), and QuEChERS (Quick, Easy, Cheap, Effective, Rugged and Safe) are the popular sample preparation techniques.

On a related note, another research on Allergy Diagnostics Market Forecast to 2021 says, the allergy diagnostics market is expected to reach USD 5.34 billion by 2021 from USD 2.98 billion in 2016, at a CAGR of 12.4%. Geographically, the allergy diagnostics market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). Companies like bio Mérieux SA (France), Danaher Corporation (U.S.), Hitachi Chemical Diagnostics, Inc. (Japan), Siemens AG (Germany), Thermo Fisher Scientific, Inc. (U.S.), Stallergenes Greer (France), HOB Biotech Group Co., Ltd (China), HYCOR Biomedical (U.S.), Lincoln Diagnostics, Inc. (U.S.), and Omega Diagnostics Group PLC (U.K.) have been profile in this 192 pages research report available at http://www.marketreportshub.com/allergy-diagnostics-industry-research-marketsandmarkets.html

Explore more reports on the Life Sciences market at http://www.marketreportshub.com/categories/life-sciences

About Us: 

Market Reports Hub is your one-stop online shop for syndicated industry research reports on multiple categories and their sub-sectors. We bring to you to the latest in market research across multiple industries and geographies from leading research publishers across the globe.

Connect with Us:

G+ / Google Plus: https://plus.google.com/110654518968238222746/about

Twitter: https://twitter.com/MarketReportHub

Facebook: https://www.facebook.com/pages/Marketreportshub/679736978808693

RSS / Feeds:  http://www.marketreportshub.com/rss.xml

Contact:
Ritesh Tiwari
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune - 411013
Maharashtra, India.
Tel: +1-888-391-5441
sales@marketreportshub.com

SOURCE Market Reports Hub