The global Sample Preparation Market has been foretold in a report by Transparency Market Research (TMR) to testify players riding on the back of advanced technologies incorporated in their operation for automated instruments. Players have also been anticipated to invest in research and development initiatives to take an upper hand in the market. Holding a maximum amount of revenue in the recent years, Agilent Technologies, PerkinElmer, Inc., Merck KGaA, and Thermo Fisher Scientific, Inc. could dominate the market in the near future. However, Thermo Fisher Scientific has been predicted to take the lead in the market with high focus on wide regional reach and expansive product portfolio.
TMR has prophesied the global sample preparation market to rise at a 6.6% CAGR during the completion of the forecast tenure 2016-2024. By the end of 2024, the market could expand to a valuation of US$8.3 bn. In terms of application, the market has been envisaged to witness the dominance of epigenomics expected to post a higher CAGR of 8.0%. By region, Asia Pacific could register the same commanding CAGR.
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The world sample preparation market has been foreseen to receive a shot in the arm with rising inclination toward biosimilars and drug discovery. Market leaders have been placing high emphasis on research and development, which has compelled other participants to follow the lead. Diagnostics and pharmaceuticals have been gaining increased attention of global healthcare leaders as they reserve a significant amount of research and development budget for advancement in these fields. In almost all of the developing markets of the world, life sciences and biotechnology have attained a positive investor sentiment, which could augur well for the growth of the market.
The world sample preparation market has been prognosticated to gain from the introduction of consumables and kits for niche and specialized studies and latest developments in various techniques and equipment.