Sample Preparation Market Worth $5,672 Million by 2018 - Research Report by MarketsandMarkets

The factors contributing to sample preparation market growth are the improvements in the funding scenario globally, increase in the number of government sponsored research activities, and developments in drug discovery research. http://www.marketsandmarkets.com/Market-Reports/sample-preparation-market-66938505.html

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Danaher Corporation (U.S.), Illumina, Inc.(U.S.), QIAGEN N.V.(The Netherlands), PerkinElmer, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Sigma-Aldrich Corporation (U.S), Norgen Biotek Corporation (Canada)

(PRWEB) July 30, 2014

This report studies the "Sample Preparation Market by Product (Instruments (Workstations, Liquid Handling Systems), Consumables (Tubes), Kits (Isolation, Purification), By Application (Genomics, Proteomics), by End Users (Molecular Diagnostics) - Global Forecast to 2018" This market was valued at $4,254.8 million in 2013 and is poised to grow at a CAGR of 5.9% from 2013 to 2018, to reach $5,672.0 million by 2018.

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The global market is segmented on the basis of products, applications, end users and geography. Based on products, the market comprises instruments, consumables, accessories and sample preparation kits. Instruments include sample preparation workstations, liquid handling systems, extraction systems and others. Liquid handling systems comprise liquid handling workstations, pippetting systems, reagent dispensers, microplate washers and others. Other instruments include tissue lyser and tissue disruptor.

he consumables divided into filters, columns, tubes, plates and others. Accessories include caps, tips, disposable bags/box, rod covers, adapters, tip and tube holder, plate carrier. Sample Preparation kits further classified into purification kits (DNA, RNA, Nucleic Acid and Protein), extraction kits (DNA, RNA, Nucleic Acid and Protein), isolation kits (DNA, RNA, Nucleic Acid and Protein), and others (Cell Lysis kits and Clean- up kits).

The global sample preparation market is witnessing a significant growth and will continue to do so in the next five years. The factors contributing to this growth are the improvements in the funding scenario globally, increase in the number of government sponsored research activities, and developments in drug discovery research. In the forecast period, the Asian region is projected to grow at the highest CAGR, with the growth in this region centered at China, India, and Japan. Furthermore, countries such as Brazil, Mexico, and UAE also have a high projected growth.

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In the Asian region, China is the leader in the sample preparation market. China is considered a favorable region by key players in the sample preparation market. In June 2013, Thermo Fisher Scientific, Inc. (U.S.) invested $9.5 million in its new China Innovation Center in Shanghai. The facility aims to support the company’s growing R&D organization. All the major players have seen steady growth in China, with favorable future prospects.

The U.S. and European markets are witnessing increased funding for researches that use sample preparation. The governments of various countries in these regions have increased their focus on using sample preparation technologies in research processes. In the U.S., the National Institutes of Health funded the University of Georgia with a $1.2 million in grant for biomedical research. In Europe, Germany has increased its funding for research and in the U.K., sample preparation is used extensively in food testing processes. The markets in Brazil, Mexico, and UAE are expected to witness growth as well. This growth can be attributed to the use of sample preparation in the pharmaceutical industry of the respective countries.

The major players in the global market include Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Illumina, Inc. (U.S.), QIAGEN N.V. (The Netherlands), PerkinElmer, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Sigma-Aldrich Corporation (U.S.), Norgen Biotek Corporation (Canada), Hamilton Company (U.S.), Tecan Group Ltd. (Switzerland), Merck Millipore (U.S.), and Roche Applied Science (U.S.).

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