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Research Reports on “Biobanking Market Research Report – Forecast to 2023” Which is
Belongs to the Life Science Category So it Helps to Organizations to take Major Decisions
and it also Help to Analysis of Market Growth.
Global Biobanking Market Set to Grow at a CAGR of 7.6% during 2018 - 2023
Key Players:
Promega Corporation, Greiner Holding AG, Becton, Dickinson and Company, Brooks
Automation, Inc., Thermo Fisher Scientific Inc., VWR Corporation, Merck KGaA, Panasonic
Healthcare Holdings Co., Ltd., Chart Industries, Inc., Tecan Trading AG, Qiagen N.V., and
Hamilton Company among others.
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Market Insights:
The global biobanking market was valued at USD 950 mn by the end of 2017 and is
expected to witness a slightly above-average CAGR of 7.6% during the forecast period of
2018 to 2023. Biobanking is widely used across various research activities and is essential
to the R&D process as it stores biological samples.
Biobanking has found extensive application in contemporary research in various life
sciences, genomics and personalized medicines to name a few. Increasingly advanced
technical devices and the increasing demand for biobanking in genomics act as strong
drivers for the growth of the global market. Other drivers include the rising adoption of
stem cell treatments and implementation of standards to govern biobanking procedures.
Biobanking techniques have high costs for implementation, and standardization, while
ongoing is still not properly established, thus leading to restraints on market growth.
However, the emergence of green technology in biobanking for energy conservation and
virtual biobanks are expected to offer opportunities for market expansion. Moreover,
increasing government & private funding for regenerative medicine is expected to drive
market growth during the assessment period.
Market Segmentation:
The global biobanking market has been segmented on the basis of products & services,
sample type, storage type, application, end-user, and region. By products & services, the
market has been segmented into equipment, consumables, services, software, and others.
Further sub-segmentation is as follows:
• Equipment - storage equipment, sample analysis equipment, sample processing
equipment, and sample transport equipment.
• Consumables - storage consumables, analysis consumables, processing consumables, and
collection consumables.
• Services - storage services, processing services, transport services, and supply services.
By sample type, the market has been segmented into blood products & services, human
tissues, cell lines, nucleic acids, biological fluids, and others.
By storage type, the market has been segmented into manual storage and automated
storage.
By application, the market has been segmented into regenerative medicine, life science
research, and clinical research.
By end-user, the market has been segmented into hospitals, diagnostic laboratories and
research centers, other.
By region, the global market has been segmented into the Americas, Europe, the Asia-
Pacific and the Middle-East & Africa.