The biobanking market refers to the global trade of biological samples and related data that are collected, processed, and stored in biorepositories for research and clinical purposes. Biobanks are facilities that collect and store biological specimens, such as blood, tissues, and DNA, along with associated medical and personal information. The biobanking market is driven by a growing demand for personalized medicine, drug discovery and development, and the need for large-scale population-based studies. The increasing prevalence of chronic diseases and the rising investment in research and development are also driving the growth of the market.
The market is highly competitive, with many biobanking companies and research institutions operating in different regions of the world. The major players in the market include Thermo Fisher Scientific Inc., Qiagen N.V., Hamilton Company, and Promega Corporation.
The global biobanking market is expected to continue to grow in the coming years due to the increasing demand for biological samples for research and clinical applications. However, the market also faces challenges, including ethical, legal, and social concerns related to the use of biological specimens, as well as the need for standardization and quality control in biobanking operations.
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Key findings of the Biobanking market study:
- The report provides a present market outlook on Biobanking. Additionally, the Biobanking market share is anticipated to grow with a CAGR of 7.2% in the forecast period.
- Regional breakdown of the Biobanking market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Biobanking vendors in detail.
- Region-wise and country-wise fragmentation of the Biobanking market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Biobanking market.
- Biobanking price, market share, and Trends forecast for assessment period 2022-2032
Key Segments Covered in the Biobanking Industry Survey
· Biobanking by Storage
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- Manual Biobanking
- Automatic Biobanking
· Biobanking by Application
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- Biobanking for Therapeutics
- Biobanking for Clinical Diagnostics
- Biobanking for Drug Discovery & Development
- others
· Biobanking by Biospecimen
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- Biobanking for Blood Products
- Biobanking for Human Tissues
- Biobanking for Cell Lines
- Biobanking for Nucleic Acids
- Biobanking for Others
· Biobanking by Product
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- Biobanking Equipment
- Temperature Control Systems
- Freezers & Refrigerators
- Cryogenic Storage Systems
- Thawing Equipment
- Biobanking Incubators & Centrifuges
- Biobanking Alarms & Monitoring Systems
- Biobanking Accessories & Other Equipment
- Biobanking Consumables
- Cryovialsand Cryomolds
- Tubes
- Others
· Biobanking by Region
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- North America Biobanking Market
- Latin America Biobanking Market
- Europe Biobanking Market
- Asia Pacific Biobanking Market
- Middle East & Africa Biobanking Market
What makes this Research different from others?
- COVID- Impact analysis- The report includes details of the impact of the pandemic on the Biobanking market further including insights on the pre-COVID situation. Additionally, this report benefits in terms of post-COVID recovery prospects, changing consumer demands, and buying patterns valuable for Biobanking companies.
- Industrial trend analysis- The research covers recent trends in the field of Biobanking which are augmented with the applicable technologies and shifts in industrial processes. The scope for digital and industrial technologies is discussed in order to help client firms to understand the benefits and risks included in light of market trends.
- Biobanking Sustainability metrics- The rising concerns of environmentally friendly production and consumption are taken to next level in this research, as research is focused on emerging methods of ensuring sustainability. These insights include climate-friendly initiatives adopted by some players in the industry. Furthermore, details of manufacturers’ impact on carbon footprint are evaluated intend to make clients aware of their contribution to sustainable development goals.
Competitive Landscape
The Biobanking industry is dominated by some prominent players including
- Thermo Fisher Scientific Inc.
- Tecan Group Ltd.
- Qiagen N.V.
- Hamilton Company
- Brooks Automation
- TTP Labtech Ltd
- VWR Corporation
- Promega
- Worthington Industries
- Chart Industries
- Becton Dickinson and Company
- Merck KGaA
The competition in the sector is driven by key parameters such as product price, targeted customer base, and strategic marketing. Major players in the market focused on the Biobanking market innovation by investing more in research and development. Furthermore, the industry players are focusing on the extensive usage of online distribution channels for enhanced cost-effectiveness. The sustainability in the supply chain is a decisive factor for Biobanking brands leading to an impact on the margin profits of firms.
Report Benefits & Key Questions Answered
- Biobanking Company & brand share analysis: Company and brand share analysis on Biobanking reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
- Biobanking Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Biobanking
- Biobanking Category & segment level analysis: Fact.MR’s Biobanking sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
- Biobanking Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
- Post COVID consumer spending on Biobanking: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
- Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments
