Dublin, Sept. 04, 2023 (GLOBE NEWSWIRE) -- The "Global Clinical Trial Biorepository and Archiving Solutions Market Report and Forecast 2023-2031" report has been added to ResearchAndMarkets.com's offering.
Global Clinical Trial Biorepository and Archiving Solutions Market Gains Momentum with Growing Complexity of Trials
The global clinical trial biorepository and archiving solutions market reached a value of USD 3.91 billion in 2022, driven by the escalating complexity of clinical trials on a global scale. This market is set to expand further at a promising CAGR of 8.99% during the forecast period from 2023 to 2031, projecting an impressive market value of USD 8.46 billion by 2031.
Clinical trial biorepository and archiving solutions play a pivotal role in efficiently storing, managing, and preserving biological samples alongside the associated data amassed during clinical trials. These solutions ensure the integrity and traceability of these samples, thereby facilitating the crucial processes of research and development of novel therapies and treatments. This comprehensive market introduction provides a holistic overview of the clinical trial biorepository and archiving solutions market, accentuating the pivotal trends that are shaping its trajectory.
The global landscape of clinical trial biorepository and archiving solutions is currently witnessing a substantial growth spurt attributed to various key factors. Primarily, the surge in the number of clinical trials coupled with the escalating intricacy of biomedical research has led to a significant rise in the volume of biological samples generated.
In this landscape, biorepositories emerge as indispensable components, offering the requisite infrastructure and specialized expertise to effectively manage and safeguard these valuable samples, thereby ensuring their enduring preservation for subsequent analyses.
Clinical Trial Biorepository and Archiving Solutions: Advancing Biomedical Research and Drug Development
The clinical trial biorepository and archiving solutions market is instrumental in bolstering the progress of biomedical research and the development of pharmaceutical products. Biorepositories function as repositories for housing biological samples amassed during clinical trials, securing them in controlled environments. These samples encompass diverse biomaterials including blood, tissue, and more, serving as invaluable resources for researchers engaged in the exploration of diseases, the creation of novel therapeutic solutions, and the advancement of personalized medicine.
The surge in demand for clinical trial biorepository and archiving solutions stems from multiple factors. The ever-growing intricacy of clinical trials and the escalating need for precise analysis of biomarkers necessitate streamlined and efficient systems for sample management and storage. Biorepositories, equipped with adept infrastructure and specialized skills, play a pivotal role in managing large sample volumes while upholding the quality and integrity of these samples throughout the entire trial lifecycle.
In conclusion, the clinical trial biorepository and archiving solutions market is poised for sustained growth. This trajectory is propelled by the mounting demand for top-tier samples, unwavering data integrity, and stringent regulatory compliance standards. Biorepositories offering holistic solutions, integrating advanced technologies, and ensuring uncompromising standards of quality and security, are destined to play a pivotal role in steering forward medical research and the evolution of therapeutic strategies.
Clinical Trial Biorepository and Archiving Solutions Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 140 |
| Forecast Period | 2023 - 2031 |
| Estimated Market Value (USD) in 2023 | $4.25 Billion |
| Forecasted Market Value (USD) by 2031 | $8.46 Billion |
| Compound Annual Growth Rate | 8.9% |
| Regions Covered | Global |
The major companies in the market are as follows:
- Azenta U.S., Inc
- Thermo Fisher Scientific Inc. (Patheon)
- Precision for Medicine, Inc
- Medpace
- ATCC
- Q2 Solutions
- Labconnect
- Charles River Laboratories
- Cell&Co
- LabCorp Drug Development
Key Trends in the Clinical Trial Biorepository and Archiving Solutions Market
- Adoption of automation and robotics: The integration of automated systems and robotics in biorepositories has gained traction. These technologies streamline sample handling, storage, and retrieval processes, minimizing human errors and improving operational efficiency
- Increasing use of cloud-based storage: Cloud-based storage solutions offer scalability, flexibility, and cost-effectiveness in managing large volumes of data generated from clinical trials. They provide secure and centralized access to data, facilitating collaboration and data sharing among researchers
- Implementation of blockchain technology: Blockchain technology is being explored for enhancing data security, integrity, and traceability in biorepositories. It ensures transparency and immutability of data, providing a reliable and auditable record of sample custody, consent, and data access
Patent Analysis
- Analysis by Type of Patent
- Analysis by Publication year
- Analysis by Issuing Authority
- Analysis by Patent Age
- Analysis by CPC Analysis
- Analysis by Patent Valuation
- Analysis by Key Players
Grants Analysis
- Analysis by year
- Analysis by Amount Awarded
- Analysis by Issuing Authority
- Analysis by Grant Application
- Analysis by Funding Institute
- Analysis by NIH Departments
- Analysis by Recipient Organization
Clinical Trials Analysis
- Analysis by Trial Registration Year
- Analysis by Trial Status
- Analysis by Trial Phase
- Analysis by Therapeutic Area
- Analysis by Geography
Funding and Investment Analysis
- Analysis by Funding Instances
- Analysis by Type of Funding
- Analysis by Funding Amount
- Analysis by Leading Players
- Analysis by Leading Investors
- Analysis by Geography
Partnership and Collaborations Analysis
- Analysis by Partnership Instances
- Analysis by Type of Partnership
- Analysis by Leading Players
- Analysis by Geography
Scope of the Research
Market Breakup by Products
- Preclinical Products
- Clinical Products
Market Breakup by Phase
- Phase I
- Phase II
- Phase III
- Phase IV
Market Breakup by Services
- Biorepository Services
- Archiving Services
- Others
For more information about this report visit https://www.researchandmarkets.com/r/usqeu5
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
