Biobanking Market Overview, Demand Analysis and Global Forecast to 2023
Market
Overview:
Biobanking is defined as a process by
which samples of bodily fluid or tissue are collected for research. The
collected sample is meant to improve the doctor's understanding of health and
disease.
A new report on the global Biobanking
Market Overview, published by Market Research Future (MRFR), concludes that
this market can view gains at 7.6% CAGR between 2018 and 2023.
The data
received from samples can often be used for several purposes. Rising demand for
biosamples, tumor cells for clinical trials and others can provide substantial
traction to the market. The increasing rate of investment from both the private
and public sector can trigger impressive growth.
However,
the biobanking market is also getting muddled by a lot of ethical questions
owing to which the expected rise could drop a little during the forecast
period.
Key
Players:
·
Becton
Dickinson & Company
·
Brooks
Automation Inc
·
Chart
Industries Inc
·
Greiner
Holding AG
·
Hamilton
Company
·
Merck
KGaA
·
Panasonic
Healthcare Holdings Co
·
Promega
Corporation
·
Qiagen
N.V.
·
Tecan
Trading AG
·
Thermo
Fisher Scientific Inc
·
VWR
Corporation
Market
Segmentation:
·
The
global biobanking market segmentation encompasses application, end-use, product
& services, sample type, and storage type. MRFR’s take on the market marks
various facets of the market in-depth.
·
The
application-based segmentation of this market covers clinical research, life
science research, regenerative medicine, and others.
·
Based
on end-use, the market has been segmented into diagnostic laboratory,
hospitals, research centers, and others.
·
Based
on the sample type, the market has been segmented into biological fluids, blood
products, cell lines, human tissues, nucleic acids, and others.
·
Regarding
storage type, the market has been segmented into automated storage and manual
storage.
·
The
products & services segment has been segmented into consumables, equipment,
services, and software. The consumables segment has been sub-segmented into
analysis consumables, collection consumables, processing consumables, and
storage consumables. The services segment has been sub-segmented into
processing services, storage services, supply services, and transport services.
Regional
Segmentation:
Region-specific analysis of the
biobanking market leads to the inclusion of the Americas, Europe, Asia Pacific
(MEA), and the Middle East & Africa (MEA). The regional market has two
regions, North America and South America. North America’s entry depends mostly
on the prospect associated mainly on the superlative infrastructure. The U.S.
is one chief contributor of the region where growth in the number of
hospital-based biobanks is driving the demand forward. Canada is expected to
amass the maximum CAGR during the forecast period. The market is getting driven
by cost-effective aspects.
The European biobanking market is
relying mostly on the investments granted for research and development from
various organizations and governments. It is getting further aid from advanced
technologies. Germany and the U.K.
provide the maximum coverage for the regional market growth the market and is
receiving substantial backup from the healthcare sector.
Asia Pacific’s growth is expected to be
the fastest as the technology is getting increasingly adopted in the healthcare
sector to meet the demands generated by chronic diseases. Early diagnosis and
treatment are necessary in such cases which are driving the business growth
ahead.
The MEA biobanking market can record a
steady rise owing to the poor infrastructure. Researches are mostly taking
place in the Middle East part where countries are investing money to get better
healthcare benefits. In the African region, awareness about biobank facilities
is fueling the growth of the market.The Matrix Gemini Biobank Management System
from Autoscribe Informatics is now offering users, greater versatility by
including environmental monitoring and equipment calibration. The new system
also offers maintenance monitoring capabilities.
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