PUBLISHER: Value Market Research | PRODUCT CODE: 1542479
PUBLISHER: Value Market Research | PRODUCT CODE: 1542479
The global demand for Biobanking Market is presumed to reach the market size of nearly USD 99.33 Billion by 2032 from USD 57.8 Billion in 2023 with a CAGR of 6.2% under the study period 2024-2032.
Biobanking refers to a collection of biological samples and health information. Different biobank collects different types of information and samples some are specific to a particular disease or specific research while some are population based. The collected samples are associated with a list of data describing sample history, sampling method, sample treatment, and the analysis outcomes and are used for the development of new treatments or new technologies and scientific publications. There are several types of biobanks: disease-centric, population-based, DNA/RNA, tissue versus multiple specimen type, commercial, project-driven, and virtual biobanks.
Growing clinical trials and research in the healthcare and changing needs of investigators is estimated to drive the market. Biobanking is evolving as a potential field as precise and accurate collection of outcomes plays an important role in a multitude of studies. The evolving growth is provided by growing research in the field of genomics, proteomics, and personalised medicine. Biobanks have experienced a huge rise in the number of samples specifically requested for companion diagnostic and biomarker. In response to growing demand, biobanks and tissue suppliers have grown exponentially in both size and number, and are now establishing as a key partner for academic and commercial groups. Meanwhile, issues associated with biospecimen sample procurement and high cost of automation is hampering the growth of the market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Biobanking. The growth and trends of Biobanking industry provide a holistic approach to this study.
This section of the Biobanking market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Biobanking market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Biobanking market include Thermo Fisher Scientific Inc., Tecan Group Ltd., Qiagen N.V., Hamilton Company, Brooks Automation, TTP Labtech Ltd., VWR Corporation, Promega Corporation, Worthington Industries, Chart Industries, Becton, Dickinson And Company, Merck KGaA. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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