23 May

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Biobanks Market Poised to Grow at a CAGR of 8.2% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Biobanks Market. The report presents analysis of global as well as regional markets of biobanks market over the period of 2016 to 2024.

Biobanks market was worth XX million in 2017 and is expected to reach XX million by 2024. The samples from biobanks are used for various purposes such as research, therapeutics, clinical trials, and drug development. Factors such as increase in genomic research activities for studying diseases in order to better understand the causes and mechanism of human diseases is a major factor driving the market growth. Also, growing incidence of chronic diseases coupled with increasing demand for cost effective drug to augment the market growth. Furthermore, growing trend of conserving cord blood stem cells of newborns is also boosting the market growth. High cost to maintain biobanks and lack of adequate legislative structures and governance frameworks that regulate the use and development of biobanks are some of the restraints that hinders the market growth. Developing biobanks through partnership with high income countries will help to expand the biobank market in near future

 

Geographically, North America and Europe has the largest market share in bio-banking market respectively These regions have large number of biobank owing to its plan to establish national genomics research programs. Also, there is huge investment and support from Government and Private Institutes for regenerative medicine research that facilitates growth in this region. Asia Pacific is expected to be the fastest growing region during the forecast period. Huge population base and shifting focus towards development of healthcare infrastructure and growing pharmaceuticals & life sciences companies in emerging countries like China, India and other South East Asian countries can lead Asia Pacific region, to grow at a faster rate. Furthermore many cash-rich established biobank institute, prominently in developed countries are increasingly focused in emerging countries of Asia Pacific to increase its market presence.

 

Leading companies catering into biobanks market are focusing on the development of targeted diagnostics and therapeutics products to improve clinical outcome for patients.

Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global biobanks market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global biobanks market report by clicking the following link, Use code IGRD15 to request the discount in the given form

https://www.infiniumglobalresearch.com/reports/request-discount/1365

 

The recent report identified that North America dominated the global biobanks market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the biobanks market worldwide.

 

The report segments the global biobanks market on the basis of Products & Service, Sample Type and Application.

 

Global Biobanks Market by Products & Service

·         Equipment

·         Consumables

·         Services

·         Software

 

Global Biobanks Market by Sample Type

·         Blood Products

·         Human Tissues

·         Nucleic Acids

·         Cell Lines

·         Biological Fluids

·         Others

 

Global Biobanks Market by Application

·         Regenerative Medicine

·         Life Science Research

·         Clinical Research

 

Companies Profiled in the Report

·         Tecan AG

·         Panasonic Healthcare Holdings Co. Ltd

·         Thermo Fisher Scientific Inc.

·         Taylor-Wharton International LLC

·         Becton, Dickinson and Company

·         Merck KGaA

·         Beckman Coulter, Inc

·         BioLife Solutions, Inc

·         BioCision

·         LVL Technologies GmbH & Co. KG

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.