LONDON--(BUSINESS WIRE)--Aug 27, 2018-- analysts forecast the global sample preparation market to grow at a CAGR of over 6% during the forecast period, according to their latest market research report. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.

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Technavio has published a new market research report on the global sample preparation market from 2018-2022. (Graphic: Business Wire)

The increased investments in R&D is one of the major trends being witnessed in the . Pharmaceutical and biotechnology companies are increasing their R&D investments to discover new drugs, owing to the increasing prevalence of chronic diseases and the growing demand for personalized medicine. This has increased the demand for sample preparation products such as automated workstations and liquid handling system.

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According to Technavio analysts, one of the key factors contributing to the growth of the global sample preparation market is the rising demand for monoclonal bodies:

Global sample preparation market: Rising demand for monoclonal bodies

Monoclonal antibodies are identical immune cells and are the fastest growing products in the pharmaceutical industry. Some of the examples of monoclonal antibodies include Humira, Enbrel, Remicade, and Rituxan, which are manufactured using mammalian cell culture. The advantages provided by these monoclonal antibodies such as homogeneity, consistency, and east testing for cross-reactivity have increased their demand.

According to a senior analyst at Technavio for research on life science research tools, “Various sample preparation methodologies are incorporated for the analytical characterization of therapeutic monoclonal antibodies, making use of products such as liquid handling systems, workstations, and consumables such as filters, tubes, and plates. With the rising demand for monoclonal antibodies, the consumption of sample preparation products also increases.”

Global sample preparation market: Segmentation analysis

The global sample preparation market research report provides market segmentation by end-user (pharmaceutical and biotechnology industry, research and academic institutes, and others) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the two major end-users, the pharmaceutical and biotechnology industry held the largest market share in 2017, contributing to close to 45% of the market. The growth of the segment can be due to a wide range of product applications.

The Americas held the largest share of the market in 2017, accounting for around 40% share. It was followed by EMEA and APAC respectively. The growth in the region can be due to the presence of many big pharmaceutical companies that use several kinds of sample preparation products based on different functions for testing and experimenting purpose related to disease diagnosis and drug development.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

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With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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KEYWORD:

INDUSTRY KEYWORD: HEALTH BIOTECHNOLOGY PHARMACEUTICAL

SOURCE: Technavio Research

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PUB: 08/27/2018 11:37 AM/DISC: 08/27/2018 11:37 AM

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