Biobanking Market Size – $29.79 billion in 2020, Market Growth – at a CAGR of 8.6%
VANCOUER, BC, CANADA, April 13, 2022 /EINPresswire.com/ — The report provides a methodical study of the biobanking market Fragments and an extensive analysis of the market overview. The report offers a thoughtful assessment of the recent market trends as well as future prospects. Additionally, it shares a comprehensive analysis of regional insights and their role in shaping market growth. The impact of COVID-19 was recently mentioned in the report to help business people better understand the risks. It focuses on the important players and their important strategies to stay in the main position.
According to the latest analysis by Emergen Research, the size of the global biobanking market is projected to reach US$67.90 billion in 2030, registering a revenue CAGR of 8.6% during the forecast period. Increasing genomics research activities and R&D investments by large corporations are driving the revenue growth of the global biobanking market. The increase in research activities in the fields of regenerative medicine, stem cell therapeutics, and cell and gene therapy is also driving the revenue growth of the global market.
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Revenue growth in the biobanking market is also being driven by the increasing application of biobanked samples. Biobanks that focus on plants, animals, and microbes are evolving rapidly. Different types of biobanks are gaining importance, such as B. Disease-focused biobanks, population-based banks, DNA/RNA banks, gene banks, tissue banks, blood banks, virtual biobanks, stem cell banks, microbiome banks, and others, which are driving revenue growth in the market.
Key players in the market K. Biobank Limited, Graz Medical University, Hamilton Company, ASKION, Azenta Life Sciences, Qiagen, Promega Corporation, Integrated Biobank of Luxembourg (IBBL), Isenet Biobanking and Thermo Fisher Scientific, Inc.
Some key highlights from the report
The blood products segment saw a significantly robust revenue growth rate in 2020. Blood is one of the most common biosamples collected in human biobanks as it is a source of RNA and DNA. Blood is a widely used biosample as it has the potential to screen for biomarkers in various diseases, making the standardization and optimization of blood collection procedures of great importance.
Among the application segments, the regenerative medicine segment accounted for a considerably large revenue share in 2020. Increasing demand for qualitative biosamples and increasing research in regenerative medicine are driving revenue growth in this segment. In addition, research programs to increase research and development in sustainable medicine are expected to continue to support the revenue growth of this segment.
The Asia-Pacific market is expected to witness rapid revenue growth during the forecast period owing to improvements in life science research infrastructure and rising government investments in biotechnology, pharmaceuticals and biomedicine. The growing world population and the expansion of biobanks in China, Japan, South Korea, Singapore, Australia and India are major contributors to the revenue growth of the market.
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Key questions answered in the report:
What growth potential does the biobanking market have?
Which regional biobanking market will emerge as the frontrunners in the coming years?
Which application segment will grow steadily?
What growth opportunities could arise in the coming years as a top player in the industry?
What are the key challenges that the global biobanking market might face in the future?
What are the leading companies in the global Biobanks Market?
What are the key trends positively impacting the growth of the biobanking market?
Emergen Research has segmented the global biobanking market into the following segments:
Emergen Research has segmented the global Biobanking market based on Products & Services, Sample Type, Storage Type, Application, and Region:
Biobanking Market Product & Services Outlook (Revenue, USD bn; 2018-2030)
sample transport equipment
sample processing equipment
Processing of consumables
Biobanking Market Sample Type Outlook (Revenue, $Bn; 2018-2030)
human waste products
Storage Type Outlook (Revenue, $Bn; 2018-2030)
Geographical segment covered in the report:
The Biobanking Market report provides information about the market area which is further segmented into sub-regions and countries/regions. Along with market shares in each country and sub-region, this chapter of this report also provides information on opportunities for profit. This chapter of the report mentions the market share and growth rate of each region, country and sub-region during the estimated period.
North America (USA and Canada)
Europe (UK, Germany, France and the rest of Europe)
Asia Pacific (China, Japan, India and the rest of Asia Pacific)
Latin America (Brazil, Mexico and the rest of Latin America)
Middle East and Africa (GCC and Rest of the Middle East and Africa)
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Table of Contents Highlights:
1 research area
2 key segments of the biobanking market
1.3 Major Players
1.4 Market Analysis by Product
1.5 Market Analysis by Application
1.6 Reporting Schedule
Global growth trends
1 size of the global biobanking market
2 Latest Biobanking Market Trends
2.3 Key Growth Trends
1 Major Players of the Global Biobanking Market
2 Global Biobanking Market Size by Manufacturers
3.3 Products by Major Players
3.4 Barriers to Entry in Biobanking Market
3.5 Mergers, Acquisitions, Joint Ventures and Strategic Alliances
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