Global Biobanks Strategic Research Report 2023: Market to Reach $131.1 Billion by 2030 - Growing Research Focus on Regenerative Medicine Expands Opportunities

Dublin, Dec. 11, 2023 (GLOBE NEWSWIRE) -- The "Biobanks - Global Strategic Business Report" report has been added to's offering.

Global Biobanks Market to Reach $131.1 Billion by 2030

The global market for Biobanks estimated at US$69.3 Billion in the year 2022, is projected to reach a revised size of US$131.1 Billion by 2030, growing at a CAGR of 8.3% over the analysis period 2022-2030. Physical / Real, one of the segments analyzed in the report, is projected to record 7.9% CAGR and reach US$99.2 Billion by the end of the analysis period. Growth in the Virtual segment is estimated at 9.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $24.6 Billion, While China is Forecast to Grow at 9.4% CAGR

The Biobanks market in the U.S. is estimated at US$24.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$15.1 Billion by the year 2030 trailing a CAGR of 9.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7% and 7.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.2% CAGR.

Select Competitors (Total 99 Featured)

  • AMS Biotechnology (Europe) Limited
  • Bay Biosciences LLC
  • BioIVT & Elevating Science
  • BioLifeSolutions Inc.
  • Biovault Technical
  • CTI Biotech
  • Cureline, Inc.
  • Firalis S.A.
  • Hamilton Company
  • Merck KGaA
  • ProteoGenex, Inc.
  • Tecan Trading AG
  • Thermo Fisher Scientific Inc.
  • US Biolab Corporation, Inc.
  • VWR International LLC

Key Attributes:

Report AttributeDetails
No. of Pages402
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$69.3 Billion
Forecasted Market Value (USD) by 2030$131.1 Billion
Compound Annual Growth Rate8.3%
Regions CoveredGlobal


  • Growing Research Focus on Regenerative Medicine Expands Opportunities for Biobanks
  • Global Regenerative Medicine Market Size in US$ Billion for 2019, 2021, 2023 and 2025
  • Global Stem Cell & Regenerative Medicine Market by Product (in %) for the Year 2022
  • Uptrend in Translational Research and Personalized Medicine to Benefit Demand
  • Robust Outlook for Personalized Medicine to Create a Parallel Opportunity for Biobanks: Global Market for Personalized Medicines (In US$ Billion) for Years 2023 2025, 2027, 2029 and 2031
  • Growing Focus on Personalized Medicine for Oncology Domain Raises the Importance of Biobanking Services
  • Global Breakdown of Total Number of Cancer Cases by Type: 2020
  • Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • Biobanks Poised to Benefit from the Increasingly Robust Outlook for Digital Health
  • Global Market for Digital Health (In US$ Billion) for Years 2023, 2025, and 2027
  • Rise Genomic Research Initiatives Drives Growth Opportunities
  • Technological Advancements Bring in Transformative Changes
  • AI and ML Advancements to Benefit Biobanks
  • Biobanks Enter the Age of Big Data
  • Use of Laboratory Information Management System Software Gains Momentum
  • Biobanks Turn to Customized LIMS Software
  • Biobanking Jumpstarts to a New Era with Imaging Biobanks
  • Imaging Biobanks Dedicated to Radiogenomics
  • Virtual Biobanks Emerge as Bankable Option for Access to Research Resources
  • Virtual Biobanks amid Pandemic
  • Strong Outlook for Gene Therapy to Drive Demand for Biobanking Services
  • World Gene Therapy Market in US$ Million:L 2020, 2022, 2024, 2026, 2028, 2030
  • Uptrend in Drug Discovery Research Builds Robust Momentum
  • Global Drug Discovery Market Size (in US$ Billion) for the Years 2020, 2022, 2024, 2026, 2028, ad 2030
  • Human iPSC Banks: A Review of Emerging Opportunities
  • Human iPSC Banks Worldwide: An Overview
  • Automated Storage Systems Gain Importance
  • Prospective Collection to Gather Steam
  • Rise in R&D Initiatives in Life Sciences & Pharmaceutical Industries Boosts Prospects
  • Year Spending (US$ Billion) 2015 150 2016 160 2017 169 2018 182 2019 190 2020 204 2021 235 2022 245 2023 259 2024 270 2025 282
  • High Prevalence of Chronic Diseases and Growing Focus Long-Term Management & Preventative Healthcare Widens Growth Opportunities
  • Global Cost of Chronic Diseases (In US$ Billion) for the Years 2018 and 2030
  • World Diabetes and Population Statistics (2019, 2030 & 2045)
  • Fatalities by Heart Conditions - Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
  • Global Annual Medical Cost of Cardiovascular Diseases in US$ Billion (2010-2030)


  • Growing Focus on Early Diagnosis and Treatment of Chronic Diseases and Genetic Conditions Cornerstone for the Growth of Biobanks
  • Global Economic Update
  • World Shifts to an Endemic COVID-19 Strategy With Focus on Multilateral Approach to Managing Future Pandemics
  • From Pandemic to War & Inflation: "Gloomy Outlook for 2023 Despite Signs of Easing Inflationary Conditions"
  • Here's What's Causing Inflationary Pressures in the Global Market
  • War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
  • Although Facing a Lower Recession Risk, Global Economic Growth in 2023 to Slowdown Amid War, Inflation, Elevated Interest Rates & Marginal Easing of Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
  • Laboratory Equipment and Supplies Industry Experience Mixed Impact
  • Competition
  • Biobanks - Global Key Competitors Percentage Market Share in 2023 (E)
  • Biobanks Competitor Market Share Scenario Worldwide (in %): 2022E
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Recent Market Activity

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