Sample Preparation Market to be Worth $12.77 Billion by 2031 - Exclusive Report by Meticulous Research

REDDING, Calif., May 21, 2024 /PRNewswire/ -- According to a new market research report titled, 'Sample Preparation Market Size, Share, Forecast & Trends Analysis by Product (Workstation, Pipette, Washer, Centrifuge, Grinder, Filters, Plates, Kits) Technique (Solid Phase Extraction, Purification), Application, End User – Global Forecast to 2031,' published by Meticulous Research, the sample preparation market is projected to reach $12.77 billion by 2031, at a CAGR of 6.4% from 2024 to 2031.

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Sample preparation involves converting the sample into a suitable form that can be further utilized for the analysis, such as chromatographic and spectroscopic analyses. It removes the interfering contamination without the loss of target compounds.

The growth of this market is driven by technological advances in sample preparation procedures, increasing process automation in laboratories, the development of bio clusters for supporting research activities, increasing R&D investments in the pharmaceutical and biotechnology industries, and active research in genomics and proteomics. Additionally, the widening applications of sample preparation in emerging economies and the increasing focus on personalized medicines are expected to offer significant market growth opportunities.

However, the high purchasing costs of automated sample preparation systems restrain the growth of this market. Additionally, the high costs of maintaining sample preparation systems pose a significant challenge to the market's growth.

The Emerging Economies Create Growth Opportunities for the Sample Preparation Market

Countries including India, China, Malaysia, Singapore, Brazil, and the Middle East provide significant opportunities for the sample preparation market. These countries have high research capacities and can deal with large research projects. Asia is considered a high-potential market as countries like India and China have shown high research potential over the past decade. The growing population and the rising incidence of chronic diseases have encouraged countries to develop laboratory infrastructure and ramp up the number of laboratories to effectively carry out research tasks. Their cost-effectiveness and advancing clinical trials and research outsourcing to CROs in the Asia-Pacific region have boosted the implementation of sample preparation solutions.