Pune, May 23, 2022 (GLOBE NEWSWIRE) -- According to report of Market Data Centre, Biobanks industry gathered revenue worth USD 67.5 billion in 2021 and is slated to accumulate returns of approx. USD 105.17 billion by 2030. In addition to this, Biobanks market is set to register CAGR of nearly 5.4% in 2022-2030. Moreover, biobanks are a key part of precision medicine and strongly support population stratification & biomarker drug discovery. They have become key resources for biomedical & genetic research activities. These biobanks provide bio-specimens utilized for elucidating pathophysiology & diagnosis of diseases, thereby helping in more apt disease treatment. All these aforementioned aspects will boost size of biobanks market over 2022-2030.
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Reportedly, sixteen of largest biobanks in Europe, Australia, Asia, and North America have been collecting & distributing human research specimens along with proficiently handling scientific initiatives with a reduction in operational costs. With large number of commercial & academic biobanks aiding large clinical & epidemiological studies, the market for biobanks is projected to gain traction over forecasting timeframe. Moreover, biobanks have played a major role in disease prediction in individuals, therapy monitoring, follow-up, and optimization, thereby harnessing growth of biobanks market.
Furthermore, biobanks offer a multi-disciplinary approach useful in addressing health issues in human beings. It also offers medical & biological approaches in synchronization with informative bioinformatics systems, modeling, and computation. In addition to this, biobanks enhance efficacy of diagnostics research, pharmacology research, and other kinds of scientific research activities. Apparently, biobanks help in a comprehensive analysis of particular disease occurring due to biological disorder or heredity. This, in turn, will create new growth avenues for biobanks market.
Biobanking Equipment Segment To Establish Hegemony In Biobanks Market Over Forecast Period (2022-2030)
Rapid expansion of biobanking equipment segment over assessment period can be credited to massive need for product for catering to requirement of biobanking processes including preparation of samples, collecting of samples, processing of samples, and storing & shipment of samples. Increase in proportion of biobanks will lead to escalation in demand for biobanks, thereby embellishing demand for biobanking equipment.
Human Tissues To Dominate Service Domain Space By 2030
Growth of human tissues segment over forecasting period can be attributed to easy access to human tissue samples and availability of new technologies for storing & retrieving biobanked tissues. A prominent surge in funding of biotech research focussing on cure of chronic disorders will foster demand for human tissue samples for study of oncology.
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Europe To Contribute Major Revenue Share Towards Biobanks Market In Forecast Timeline
Progression of European Biobanks Industry over forecasting timeline is subject to a prominent surge in funding of healthcare activities in continent. In addition to this, need for addressing disease management issues in region has resulted in ascension of market growth in Europe. Citing an instance, in March 2019, the UK based biobanks produced exome sequence data from nearly fifty thousand persons with an objective of addressing healthcare-related issues such as disease prevention, diagnosis, and cure through medical treatment.
Some of key players have strongly leveraged growth of biobanks market and will continue to do so even in foreseeable future. They are
- Thermo Fisher Scientific, Inc.
- QIAGEN
- Hamilton Company
- Avantor, Inc.
- Tecan Trading AG
- Danaher Corporation
- Becton, Dickinson and Company
- BioCision, LLC
- Charles River Laboratories International, Inc.
- Lonza Group
- STEMCELL Technologies Inc.
- Biovault Family Limited
- PromoCell GmbH
- Precision Cellular Storage Ltd.
Breakthroughs in Biobanks Market
- In May 2022, BC Platforms – a leader in healthcare data management & analytics- has declared to secure a long-term contract with three Finnish Hospital District-owned clinical biobanks for improving access to genomic, phenotypic, and clinical data. Moreover, the strategic move is aimed at bringing an improvement in medical treatment along with focusing on effective research, diagnosis, and treatment of cancer and neuro-generative disorders
This review is based on a report by Market Centre, titled,” Biobanks Market - Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Developments, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional FootPrint by MDC Research.”
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The global biobanks Market is segmented as follows:
By Product
- LIMS
- Biobanking Equipment
By Biospecimen Type
- Organs
- Stem Cells
By Biobank Type
- Real
- Virtual
By Service
- Biobanking & Repository
- Lab Processing
- Validation
- Cold Chain Logistics
By Application
- Therapeutics
- Drug Discovery & Clinical Research
- Clinical Diagnostics
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Reunion
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Key Questions Answered in This Report:
- How does our product and services portfolio compare to leading competitors?
- What are the key developments in customer demand given the changing economy?
- What are the new pricing and consumption models in the marketplace and how should we align our portfolio?
- What are the key decision drivers for services buyers?
- How can we accelerate our bidding process?
- What is the potential of the Biobanks Market?
- What is the impact of COVID-19 on the global Biobanks Market?
- What are the top strategies that companies adopting in Biobanks Market?
- What are the challenges faced by SME’s and prominent vendors in Biobanks Market?
- Which region has the highest investments in Biobanks Market?
- What are the latest research and activities in Biobanks Market?
- Who are the prominent players in Biobanks Market?
- What is the potential of the Biobanks Market?
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Market Data Centre offers complete solutions for market research reports in miscellaneous businesses.These decisions making process depend on wider and systematic extremely important information created through extensive study as well as the most recent trends going on in the industry.The company also attempts to offer much better customer-friendly services and appropriate business information to achieve our clients’ ideas.
