Based on applications the market is segmented into genomics, proteomics, epigenomics, and others. The market by end users includes molecular diagnostics, pharmaceuticals & biotechnology, applied testing, and academic research institutes.
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Based on geography, the market is divided into North America, Europe, Asia, and the Rest of World (RoW). North America is the largest market, followed by Europe and Asia. However, the Asian market is slated to grow at the highest rate over the next five years.
Over the years, the demand for sample preparation instruments and kits is likely to increase owing to a number of factors such as technological advancements in sample preparation workstations, global alliances amongst leading research institutes to boost drug discovery, increasing life science and R&D spending, growing demand for modern extraction techniques, and technological advancements in analytical instruments. However, the high cost of the systems and difficulty in developing ‘one-size-fits-all’ sample preparation kits are the major factors hindering the growth of this market.
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. (Sw
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