Global Sample Preparation Market to Reach a Valuation of US$8.3 bn by 2024
A rise in the number of patients infected through unsafe injections has driven the need for sophisticated syringes, especially the disposable variety. Improper handling of conventional syringes can cause the spread of deadly viruses such as HIV/AIDS and Hepatitis. According to the World Health Organization (WHO), over Surging analytical and research activities have augmented the demand for samples. Sample preparation is a critical task as the effectiveness of analysis is largely dependent on the precision of the sample prepared. As a result, products that use advanced technology to deliver highly accurate samples at reduced cost and time are witnessing a steady growth in the market. Sample preparation products find their application in almost every bio-analytical procedure such as drug discovery and development, food analysis, research, environmental assessment, and diagnostics.
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Increasing Research and Development Spending across Various Fields to Drive the Demand for Sample Preparation
The rising research and development activities in life science is backed by the external funding from private and public sectors. The key players in the healthcare industry are investing huge capital in the development of pharmaceutical and diagnostics sector. This trend is gradually gaining popularity amongst the other competitors in the market. Other than healthcare, the sample preparation is useful in biotechnology and chemical and materials. Thus, the R&D spending is foreseen to increase, thereby giving a push to the global sample preparation market.
Technological Advancements Pertaining to Sample Preparation to Propel Growth of Global Sample Preparation Market
The global sample preparation market is responding positively to new and innovative sample preparation equipment and techniques. The technologically advanced sample preparation methods are more accurate and take lesser time in providing the final results. The introduction of automation in sample preparation equipment is opening new avenues for the global sample preparation market. Recent development in techniques such as solid supported liquid-liquid extraction is likely to bode well for the market under consideration. The development of kits and consumables for specialized studies is anticipated to maintain the global sample preparation market on the growth track.
Government Incentives to Bolster Uptake of Sample Preparation Equipment
Rising concerns regarding food safety and environmental degradation have compelled government to frame stringent regulations for sample preparation. These regulations will pave a way for the development of more sophisticated sample preparation techniques and equipment. Thereby, providing significant growth opportunities to the global sample preparation market. Moreover, a growing emphasis on biodefense research and forensic testing is likely to boost the demand for sample preparation.
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