Biobanking Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2017 and Forecast 2018 to 2024
Global biobanking market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over the 2018 to 2024
Market Outline: Biobanking Market
Biobank is referred to the type of biorepository which stores the biological samples such as DNA, blood, human tissue that is intended for use in research. The biobanks play a vital role in the medical research. Biobanks acts as the important resources in the development of new drugs. The samples in biobanks can often be used by multiple researchers for their research studies. The biological banks keep a record of the health related information for the use in the health and medical research. It is also used in the detection of the various diseases, their causes.
Market Dynamics: Biobanking Market
Increasing chronic disorders is the major factor driving the growth of the biobanking market. The developing technology is also adding fuel for the growth of the biobanking market. The biobanks play a major role in the development of new drugs which likely to drive the growth of the market. The demand for the personalized medications, which are associated with minimal side effects prompting the patient population to approach for the personalized medications, which is likely to drive the growth of the biobanking market. The increasing healthcare expenditure and the developing healthcare infrastructure aiding the growth of the biobanking market. However, the high cost of the techniques is expected to hamper the growth of the market. The dearth of skilled healthcare professionals and handling issues related to biobanks maintenance is expected to hindering the growth of the market over the forecast period.
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Market Scope: Biobanking Market
Biobanking market is segmented on the basis of product type, sample type, and application
Based on the product type, the market is segmented into the following:
• Equipment
o Incubators
o Centrifuges
o Alarm and Monitoring Systems
o Temperature Control Systems
o Others
• Consumables
Based on the sample type, the market is segmented into the following:
• Biological Fluids
• Human Waste Products
• Blood Products
• Human Tissues
• Cell Lines
• Nucleic Acids
Based on the application, the market is segmented into the following:
• Therapeutic Applications
• Research Applications
• Clinical Trials
Based on the end user, the market is segmented into the following:
• Pharmaceutical and Biopharmaceutical Companies
• Clinical Research Organizations
• Research Institutes
• Others
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Regional Analysis: Biobanking Market
Geographically, global biobanking market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America biobanking market is dominant when compared with that of the other regional markets. Increasing prevalence of chronic diseases is the region is aiding the growth of the market. The Asia Pacific region is expected to exhibit significant growth in over the forecast period. The growing population is adding scope for the rising customer base in this region.
Competition Assessment: Biobanking Market
Some of the players in the global biobanking market include:
• Thermo Fisher Scientific Inc.(U.S)
• Tecan AG (Switzerland)
• Beckman Coulter, Inc. (U.S)
• VWR International, LLC (U.S)
• Qiagen N.V. (Germany)
• Hamilton Company (U.S.)
• Brooks Automation (U.S.)
• TTP Labtech Ltd (U.K.)
• VWR Corporation (U.S.)
• Promega Corporation (U.S.)
Notable Market Developments: Biobanking Market
• In October 2017, Brooks Automation, Inc. has acquired 4titude, Ltd., a privately-held manufacturer of scientific consumables for biological sample materials used in a variety of genomic and DNA analytical applications
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Key Features of the Report:
• The report covers exhaustive regional information, that includes North America (the USA and Canada), Europe (Germany, France, Italy, UK, Spain, Russia, Poland and Rest of Europe), Asia-Pacific (Japan, China, India, Australia & New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentian, Venezula, and Rest of Latin America), and Middle East and Africa (Gulf Cooperation Council (GCC) Countries, Israel, South Africa, and Rest of Middle East and Africa)
• The report provides granular level information about the market size, regional market share, historic market (2013-2017) and forecast (2018-2024)
• The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
• The report tracks recent innovations, key developments and startup’s details that are actively working in the market
• The report provides a plethora of information about market entry strategies, regulatory framework and reimbursement scenario
• The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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