Sample Preparation Market Size, Share, Growth Analysis, By Product(Workstations/systems, consumables, and accessories), By Technique(Solid phase extraction, liquid-liquid extraction, and others), By Region - Industry Forecast 2024-2031

Sample Preparation Market size was valued at USD 6,549.45 million in 2022 and is poised to grow from USD 6968.61 million in 2023 to USD 11446.67 million by 2031, at a CAGR of 6.4 % during the forecast period (2024-2031).

The market has experienced a significant surge in revenue, a trend largely attributed to the ongoing impact of the COVID-19 pandemic. This global health crisis has heightened the demand for sample preparation across a spectrum of applications, providing impetus for startups to secure funding.

Notably, in September 2022, two emerging companies, Inso Biosciences, Inc. and Halomine, Inc., obtained grants for their endeavors in developing and commercializing solutions tailored for COVID-19 research. The New York State Biodefense Commercialization Fund awarded a total of USD 15.3 million across 18 grants, underscoring the vitality of such initiatives.

Concurrently, companies are taking proactive steps to safeguard specimen integrity, a critical aspect for ensuring accurate outcomes. In a noteworthy example, Agilex Biolabs, an Australian-based bioanalytical laboratory, unveiled its inaugural satellite processing lab in September 2022. Designed to support clinical trials, this lab conducts time-sensitive sample processing in close proximity to participants.

This strategy mitigates the potential decline in specimen integrity during transportation, safeguarding the reliability of results. The facility's proficiency extends to a myriad of sample preparation techniques, including innovative methods like whole blood stimulation for cytokine release assays.

The market's expansion is further fueled by an ongoing push to broaden the scope of sample preparation techniques, particularly within various types of sequencing. As different sequencing methods demand distinct approaches, the incorporation of technology in sample preparation gains significance.

For instance, target sequencing requires less sample input compared to other sequencing types, with key methodologies encompassing amplicon sequencing and hybridization capture. The escalating volume of sequencing data has spurred the need for diverse and adaptable sample preparation protocols.

US Sample Preparation Market is poised to grow at a sustainable CAGR for the next forecast year.