Biobanking Market | 2021 Size, Growth, Share, Cap, Regional Analysis With Global Industry Forecast To 2027, The global Biobanking Market is set to gain traction from the rising integration of innovative technologies in the pre-existing systems. Besides, the introduction to virtual biobanking is set to revolutionize the system by enabling researchers to conduct their studies smoothly, as well as by lowering the time constraints. This information is published by Fortune Business Insights in a recent study, titled, Biobanking Market Size, Share & Industry Analysis, By Sample Storage (Blood, Cells & Tissue, and Others), By Application (Regenerative Medicines, Life Sciences, and Others), By Settings (Academic Medical Institutes, and Pharmaceutical & Biotechnology Companies), and Regional Forecast, 2019-2026.
The study further mentions that the biobanking market size was USD 25.09 billion in 2018 and is projected to reach USD 49.46 billion by 2026, exhibiting a CAGR of 8.9% during the forecast period.
Major Biobanking Market Key players covered in the report include:
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Biobanking Market Analysis 2021:
Drivers & Restraints-
Emergence of Cord Blood Stem Cell Biobanking to Accelerate Growth
Nowadays, cord blood is considered to be an important source of stem cells that is often processed and conserved for medical research. In the field of biobanking, the conservation of cord blood is gaining more popularity. Also, the upsurging trend of cord blood stem cell biobanking is set to affect the biobanking market growth positively during the forthcoming years. Swedens Lund University, for instance, unveiled the worlds largest stem cell biobanking that would aid researchers in understanding the origin and cause of diseases, such as Parkinsons and Alzheimers. Apart from that, the rising incidence of chronic diseases across the globe would contribute to the market growth.
Segment-
High Demand for Samples from Pharmaceutical Industry to Augment Blood Segment
In terms of sample storage, the market is segregated into cells and tissue, blood, and others. Out of these, the blood segment acquired 79.5% biobanking market share in 2018 and is set to lead throughout the forecast period. This is attributable to the rising distribution, storage, and collection of blood samples backed by the increasing cases of infectious diseases. It is further creating high demand for curative measures. As blood samples contain RNA and DNA, they are considered to be a vital biospecimen and hence, are utilized in conducting several research activities. These are especially demanded by the academic medical institutions, as well as many pharmaceutical companies.
Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers & acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
The recent coronavirus outbreak has brought major businesses to a standstill. Due to travel bans, companies in this sector are likely to take a huge hit in the coming years. Ultimately, the rapid spread of the disease has urged governments to take strict measures. The report includes the impact on Covid-19 pandemic on the global Biobanking market and discusses how major companies are coping with this.
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market. Furthermore, the report offers a detailed analysis and information as per Biobanking Market Growth Analysis by manufacturers, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
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Biobanking Highlights of the Report:
Regional Analysis-
Europe to Remain at Forefront Backed by Increasing Number of Biobanks
The market is geographically divided into the Middle East and Africa, North America, Europe, Asia Pacific, and Latin America. Amongst these, Europe is likely to remain in the dominant position in the coming years. It had generated biobanking market revenue of USD 8.93 billion in 2018. This growth is attributable to the presence of innovative biobanks in countries, such as Denmark, Norway, and Sweden. As per a report by Global Engage, in Iceland, around 40% of the population have contributed their DNA and those specimens are stored safely in biobanks.
Asia Pacific, on the other hand, is anticipated to exhibit a high CAGR in the coming years fueled by the rising investments by industry giants to develop well-structured biobanks. Additionally, increasing sales of cell and blood samples by the academic medical institutions for conducting research activities would propel growth in this region.
Competitive Landscape-
Key Players Aim to Open New Biobanks to Aid Researchers with Further Studies
Several companies present in the market are engaging in distribution strategies to enhance the market value. They are also investing huge sums for the development of new biobanks so that more researchers and clinicians would be able to conduct R&D activities for helping out the ones in need. Below is one of the latest key industry developments:
Key questions answered in the report:
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Table of Content:
1 Biobanking Market Overview
1.1 Biobanking Product Overview
1.2 Biobanking Market Segment by Type
1.3 Global Biobanking Market Size by Type (2015-2027)
1.3.1 Global Biobanking Market Size Overview by Type (2015-2027)
1.3.2 Global Biobanking Historic Market Size Review by Type (2015-2021)
1.3.2.1 Global Biobanking Sales Market Share Breakdown by Type (2015-2027)
1.3.2.2 Global Biobanking Market Share Breakdown by Type (2015-2027)
1.3.2.3 Global Biobanking Average Selling Price (ASP) by Type (2015-2027)
1.3.3 Global Biobanking Market Size Forecast by Type (2021-2027)
1.3.3.1 Global Biobanking Sales Market Share Breakdown by Application (2021-2027)
1.3.3.2 Global Biobanking Revenue Market Share Breakdown by Application (2021-2027)
1.3.3.3 Global Biobanking Average Selling Price (ASP) by Application (2021-2027)
1.4 Key Regions Market Size Segment by Type (2015-2021)
1.4.1 North America Biobanking Sales Breakdown by Type (2015-2027)
1.4.2 Europe Biobanking Sales Breakdown by Type (2015-2027)
1.4.3 Asia-Pacific Biobanking Sales Breakdown by Type (2015-2027)
1.4.4 Latin America Biobanking Sales Breakdown by Type (2015-2027)
1.4.5 Middle East and Africa Biobanking Sales Breakdown by Type (2015-2027)
2 Global Biobanking Market Competition by Company
2.1 Global Top Players by Biobanking Sales (2015-2021)
2.2 Global Top Players by Biobanking Revenue (2015-2021)
2.3 Global Top Players Biobanking Average Selling Price (ASP) (2015-2021)
2.4 Global Top Company Biobanking Manufacturing Base Distribution, Sales Area, Product Type
2.5 Biobanking Market Competitive Situation and Trends
2.5.1 Biobanking Market Growth Rate (2015-2021)
2.5.2 Global 5 and 10 Largest Company by Biobanking Sales and Revenue in 2019
2.6 Global Top Company by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Biobanking as of 2019)
2.7 Date of Key Company Enter into Biobanking Market
2.8 Key Company Biobanking Product Offered
2.9 Mergers and Acquisitions, Expansion
3 Global Biobanking Status and Outlook by Region (2015-2027)
3.1 Global Biobanking Market Size and CAGR by Region: 2015 VS 2021 VS 2027
3.2 Global Biobanking Market Size Market Share by Region (2015-2021)
3.2.1 Global Biobanking Sales Market Share by Region (2015-2021)
3.2.2 Global Biobanking Revenue Market Share by Region (2015-2021)
3.2.3 Global Biobanking Sales, Revenue, Price and Gross Margin (2015-2021)
3.3 Global Biobanking Market Size Market Share by Region (2021-2027)
3.3.1 Global Biobanking Sales Market Share by Region (2021-2027)
3.3.2 Global Biobanking Revenue Market Share by Region (2021-2027)
3.3.3 Global Biobanking Sales, Revenue, Price and Gross Margin (2021-2027)
3.4 North America Biobanking Market Size By Growth (2015-2027)
3.4.1 North America Biobanking Revenue By Growth (2015-2027)
3.4.2 North America Biobanking Sales By Growth (2015-2027)
3.5 Asia-Pacific Biobanking Market Size By Growth (2015-2027)
3.5.1 Asia-Pacific Biobanking Revenue By Growth (2015-2027)
3.5.2 Asia-Pacific Biobanking Sales By Growth (2015-2027)
3.6 Europe Biobanking Market Size By Growth (2015-2027)
3.6.1 Europe Biobanking Revenue By Growth (2015-2027)
3.6.2 Europe Biobanking Sales By Growth (2015-2027)
3.7 Latin America Biobanking Market Size By Growth (2015-2027)
3.7.1 Latin America Biobanking Revenue By Growth (2015-2027)
3.7.2 Latin America Biobanking Sales By Growth (2015-2027)
3.8 Middle East and Africa Biobanking Market Size By Growth (2015-2027)
3.8.1 Middle East and Africa Biobanking Revenue By Growth (2015-2027)
3.8.2 Middle East and Africa Biobanking Sales By Growth (2015-2027)
4 Global Biobanking by Application
4.1 Biobanking Segment by Application
4.1.1 Residential
4.1.2 Commercial
4.2 Global Biobanking Sales by Application: 2015 VS 2021 VS 2027
4.3 Global Biobanking Historic Sales by Application (2015-2021)
4.4 Global Biobanking Forecasted Sales by Application (2021-2027)
4.5 Key Regions Biobanking Market Size by Application
4.5.1 North America Biobanking by Application
4.5.2 Europe Biobanking by Application
4.5.3 Asia-Pacific Biobanking by Application
4.5.4 Latin America Biobanking by Application
4.5.5 Middle East and Africa Biobanking by Application
5 North America Biobanking Market Size by Country (2015-2027)
5.1 North America Market Size Market Share by Country (2015-2021)
5.1.1 North America Biobanking Sales Market Share by Country (2015-2021)
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