ALBANY, N.Y, Oct. 5, 2020 /PRNewswire/ -- Spending directed towards research and development is increasing in life sciences. Additionally, it is worth pointing out here that advancements in technology are being noted worldwide. These are contributing significantly towards growth in global sample preparation market over the forecast period of 2019 to 2027.
As per Transparency Market Research, "A compound annual growth rate of about 6.6% will be recorded in the global sample preparation market over the aforementioned period. This is set to drive the market worth from about USD 5.6 billion in 2018 to about USD 10 billion by 2027 – the end of the forecast period. A host of factor will propel growth in the market landscape, creating growth avenues along the way."
Key Drivers of Growth in Global Sample Preparation Market:
Innovation and technological advancement are set to be notable growth propellers in the global sample preparation market
Increasing investment in life sciences research and development are paving way for a high growth trajectory over the forecast period
Growing environmental concerns, stringent regulatory policies regarding safety and standards are creating a positive market outlook
Analyze global sample preparation market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study https://www.transparencymarketresearch.com/sample.php
Regional Analysis of Global Sample Preparation Market:
In 2018, North American region dominated the market landscape, trailed by European region and the trend of North American dominance is set to continue
Increasing investment in epigenetics, proteomics and genomics and advancement in technology are factors driving North America forward
Presence of strong biotechnology organizations and of leading pharmaceutical players in the region also helps it claim sizeable revenue share
Asia Pacific region is set to chart impressive CAGR over the forecast period of the market report
Improving capabilities in research and development (R&D) is set to drive growth in the regional market over the forecast period
Competitive Landscape of Global Sample Preparation Market:
The consolidated global sample preparation market is growing and one of the factors making it possible is growth strategies opted by individual players, seeking higher revenues. Players that have created a mark in the vendor landscape of this market are Thermo Fisher Scientific, Inc., Merck KGaA, PerkinElmer, Inc., Agilent Technologies, Bio-Rad Laboratories, Danaher Corporation, Roche, Qiagen, Restek Corporation, Waters Corporation, Tecan Group, Phenomenex Inc., Biotage, and Illumina Inc., among others.
As mentioned above, technology is a crucial component of growth in the market. And, therefore, so is innovation. New product development and seeking their regulatory approval are notable focus areas for market players. Often, to consolidate their market position, carve off higher market share, players enter key alliances.
The global Sample Preparation market has been segmented as follows:
Global Sample Preparation Market, by Technique
Global Sample Preparation Market, by Product
Sample Preparation Instruments
Sample Preparation Kits
Global Sample Preparation Market, by Application
Global Sample Preparation Market, by End-user
Global Sample Preparation Market, by Region
Rest of Europe
Australia & New Zealand
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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