Wellesley, Mass, Jan. 24, 2017 (GLOBE NEWSWIRE) -- Automation and miniaturization are shaping the global market for sample preparation in genomics, proteomics, and epigenomics. BCC Research reveals in its new report that this dynamic market continues to evolve, increasing the speed and accuracy of sample preparation.
Genomics, the study of genes and their function, and proteomics, the study of proteins, are fields within the study of molecular biology. Sample preparation refers to a range of activities that precede most forms of scientific analysis. The global market for sample preparation in genomics, proteomics, and epigenomics comprises the following product segments: instruments, consumables, accessories, and sample preparation kits.
The overall global market should reach $5.6 billion in 2016 and $7.7 billion by 2021, growing at a five-year compound annual growth rate (CAGR) of 6.5%. Instruments, the largest segment, should total $1.9 billion and $2.6 billion in 2016 and 2021, respectively, demonstrating a five-year CAGR of 6.6%. Consumables, the fastest growing segment with a five-year CAGR of 7.1%, should reach $2.4 billion in 2021, up from more than $1.7 billion in 2016.
Rising research and development, innovation and automation, demand for high quality samples, personal genomics, and the high return on investment are all key global drivers.
The high investment costs of new sample preparation equipment and technologies have resulted in high cost equipment. This has greatly impacted the emerging countries, which have modest budgets for R&D activities. Investments in cost-intensive upgrades are often delayed or are entirely shelved due to concerns over return on investment.
The discovery of new protein biomarkers in disease development and the related development of novel drugs for cancer, cardiovascular, and neurodegenerative diseases have strengthened the market for proteomics. All are key market drivers for sample preparation in genomics and proteomics.
"Automation has changed many industries, including genomics and proteomics as it increases throughput as well as the consistency of preparing samples for protein analysis, genetic sequencing and other methods of data collection," says BCC Research analyst Neha Maliwal. "Interest is growing in lab automation from analytical laboratories, due to the growth in innovation and the need for improved quality in combination with sustainability and better, safer working environments. Automation leads to faster, better quality and higher reproducible sequencing compared with manual preparation, which is more time-consuming and a source of variability."
Sample Preparation in Genomics, Proteomics, and Epigenomics: Global Markets (BIO089C) analyzes sample preparation reagents and products used in life science research. The report also examines existing products in the market, and the competitive environments, including new potential markets for novel products and assay development. Global market drivers and trends, with data from 2015, estimates for 2016, and projections of CAGRs through 2021 also are provided.
About BCC Research
BCC Research is a publisher of market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering major industrial and technology sectors, including emerging markets. For more information about BCC Research, please visit
bccresearch.com. Follow BCC Research on Twitter at
@BCCResearch