LONDON, March 13, 2019 (GLOBE NEWSWIRE) -- A report from The Business Research Company shows that the biobanks market reached a value of nearly $50 billion in 2018. The biobanks market is expected to grow at an annual growth rate of more than 6% by 2023.
The report covers the global biobanks market, including the Tissue Biobanks Market. The global biobanks market, by segment, includes the Blood Products Market, Cell Lines, Nucleic Acids and Human Tissues And Cells Market. The blood products market was the largest segment of the global biobanks market, due to greater use of blood products such as plasma and platelets than cell lines, nucleic acids and human tissues and cells for treating medical conditions. The human tissue biobank market and cells biobank market was the smallest segment with about 7% of the biobanks market, worth nearly $4 billion in 2018.
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The biobanks market is a niche market. Major players in the biobanks market are the Japan Red Cross Society, American Red Cross, Canadian Blood Services, China Kadoorie Biobank, Thai Red Cross Society and others.
North America was the largest region in the biobanks market in 2018, followed by Western Europe, Asia Pacific, and other regions.
Biobanks Market, Global Opportunities And Strategies 2023 is one of a series of new reports from The Business Research Company that provides biobanks market overviews, analyzes and forecasts market size and growth for the whole market, biobanks market segments and geographies, biobanks market trends, biobanks market drivers and restraints, biobanking market’s leading competitors’ revenues, profiles and market shares in over 300 industry reports, covering over 2400 market segments and 56 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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