Sample Preparation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Sample Preparation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Sample Preparation Market is expected to register a CAGR of 6.8% over the forecast period (2022-2027).

The COVID-19 pandemic significantly impacted the studied market. Due to the surge in Covid-19 infected patients, the demand for several sample preparation products increased globally. Most COVID-19 diagnostic tests rely 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 article “DirectDetect SARS-CoV-2 Direct Real-Time RT-PCR Study Using Patient Samples” published in February 2022 stated that the researchers of the study 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 is expected to impact the market studied. Therefore, the pandemic is predicted to significantly impact the market.

Factors such as rapid advancements in sample collection and preparation and an increase in research and development spending on life sciences are expected to fuel market growth. For instance, according to the France Healthcare innovation 2030 report published in June 2021, France has 3,100 health tech businesses, employing 455,000 people, including 750 biotech businesses in the country. This will lead to increased adoption of Life Science products in the research and development (R&D) of novel therapies, this is expected to create opportunities for the sample preparations needed for the research laboratories for drug development. Furthermore, according to the above source, France has an objective to spend EUR 1 billion investment, in addition to the funds already allocated to biomedical research. Thus, the adoption of life science sample preparations in biomedical research will further fuel the market growth.

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

Therefore, owing to the factors mentioned above, 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 market growth over the forecast period.

Key Market TrendsPharmaceutical Segment is Expected to Exhibit Good Growth Rate over the Forecast Period

Pharmaceutical products and biological materials are very complex. Although pharmaceutical analyses have been carried out using various highly efficient analytical instruments, a sample preparation procedure is usually necessary to extract and isolate the analytes of interest from these complex matrixes because most analytical instruments cannot handle the matrix directly. The development of sample preparation plays a very important role in pharmaceutical analysis, and its final aim should be to isolate and purify the analyte from those matrixes.

As important as sample preparation is for pharmaceutical research, the demand for it is expected to increase with increased pharmaceutical spending. The data updated by Organisation for Economic Co-operation and Development (OECD) in August 2022 stated that South Korea spent USD 728 per capita followed by Italy USD 708 per capita in the year 2021. This spending on pharmaceuticals in the countries increased from 2020. Thus, the rise in spending indicates the focus of this company on research and development.​ This ultimately creates demand for sample preparation products used in pharmaceutical development, thereby driving the segment growth.

Furthermore, as per the article “Current developments of bioanalytical sample preparation techniques in pharmaceuticals” published in March 2022, due to the complexity and individual problems presented by each biological matrix, sample preparation is regarded as the bottleneck phase in bioanalysis. And the researchers of the study used solid phase extraction (SPE), liquid-liquid extraction (LLE), head space-single drop microextraction (HS-SPME), and single drop microextraction (SDME) sample preparation techniques, among others. Such adoption of sample preparation techniques in the research and development of pharmaceuticals is expected to boost the segment growth.

Hence, owing to the factors mentioned above, the pharmaceutical segment is expected to attain good growth over the forecast period.

North America is Expected to Dominate the Market Over the Forecast Period

North America is expected to dominate the overall radiation therapy market throughout the forecast period. Factors such as increasing research and development (R&D), product launches, and the concentration of market players in the region are predicted to drive market growth.

The United States is expected to be the largest market in this region, among other countries. In the United States, the pharmaceutical industry is most research-intensive. The industry is deeply invested in applying innovative solutions, to enhance pipeline development to support improvements in patient care. According to the article “Pharmaceuticals Industry Trends United States – 2022” published in March 2022, about 45% of the world's pharmaceutical market and 22% of its manufacturing are accounted for by the United States. Additionally, as per the source mentioned above, the United States pharmaceutical production and sales will continue to grow in 2022. Hence, the high investment in R&D in the pharmaceutical sector in the United States is anticipated to drive demand for sample preparation products and applications. Thereby, driving the market growth.

Furthermore, the well-established healthcare infrastructure-focused market players in research and development (R&D) for life sciences and pharmaceuticals, coupled with recent product launches in the United States are primary growth factors for the market in the country. For instance, in June 2022, Thermo Fisher Scientific showcased the AccelerOme Automated Sample Preparation Platform during the 70th American Society for Mass Spectrometry (ASMS) Conference on Mass Spectrometry and Allied Topics, held during June 5-9, 2022.

In addition, in July 2022, PerkinElmer, Inc., a global leader committed to innovating for a healthier world, launched the research use only (RUO) BioQule NGS System – an automated benchtop solution for next-generation sequencing (NGS) library preparation of up to eight samples. The BioQule NGS System allows researchers to create qualitative NGS libraries that produce dependable, repeatable results in a variety of applications requiring genomic analysis by combining automated thermocycling, integrated quality control through optical quantification, and durable liquid handling technology into a single device. Thus, such developments are expected to drive the market growth in the country, driving the overall market growth in the region.

Therefore, owing to the factors mentioned above the market studied is predicted to witness growth in North America over the forecast period.

Competitive Landscape

The Sample Preparation Market is competitive due to the presence of several market players. The rising number of market players is intensifying the competition. Players, such as Agilent Technologies, Bio-Rad Laboratories, Danaher Corporation, Merck Millipore, and Illumina, among others, are disrupting the market by launching several new products. There is intense rivalry among global vendors in the sample preparation market. Major vendors are competing against each other by expanding their product portfolios, either through in-house research and development or through technological acquisitions.

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