Biobanking Market To Reach USD 69,518.70 Million By 2027, CAGR Of 6.2% - Valuates Reports

USA - English

• India - English

BANGALORE, India, Aug. 19, 2021 /PRNewswire/ -- Biobanking Market by Specimen Type (Blood Products, Solid Tissue, Cell Lines, Nucleic Acid, and Others), by Type of Biobank (Population-based Biobanks, and Disease-oriented Biobanks), By Ownership (National/regional agency, Non-profit Organization, Universities, and Private Organization), by Application (Therapeutics, and Research) and End User (Academic Institutes, and Pharma & Biotech Companies): Global Opportunity Analysis and Industry Forecast, 2021-2028. It is published in Valuates Reports under the Health Category.

The global biobanking market was valued at USD 42,104.30 Million in 2020 and is estimated to reach USD 69,518.70 Million by 2028, growing at a CAGR of 6.2% from 2021 to 2028. 

Major factors driving the growth of the biobanking market are:

• An increase in the incidence of chronic disease propels market growth.
• The rise in funding support by private & government organizations to establish biobanks around the globe are expected to increase the biobank market
• COVID-19 biobanks are springing up all over the world to gather research biospecimens and matching clinical and patient-provided data from COVID-19 patients with proven infection with the novel SARS-CoV-2 virus in order to conduct high-quality research. This in turn is expected to drive the biobanking market.

View Full Report: https://reports.valuates.com/reports/ALLI-Auto-2H260/biobanking

TRENDS INFLUENCING THE GROWTH OF THE BIOBANKING MARKET

Many chronic diseases, including cancer, cardiovascular disease, neurological disorders, and immunological disorders, cannot be treated with traditional medicines because they cause significant side effects. Integrating it with stem cell therapy, which functions as a restorative agent to minimize the damage produced by treatment dosages, could lessen the probability of severe side effects. As a result, the increase in chronic disease is expected to boost the biobanking market growth.

Biobank samples are used for a variety of applications, including research, treatments, clinical trials, and medication development. As a result, many nonprofit and government groups have increased their financing for the development of more public storage banks. As a result, market growth is likely to be fueled by an increase in financing for biobanks.

Advancement in regenerative medicine is anticipated to further drive the Biobanking market. Chronic heart failure, stroke, chronic osteoarthritis, and other illnesses can all be treated with regenerative medicine and tissue engineering. In general, stem cells are used in regenerative medicine and tissue engineering to treat patients, however mature cells that aren't traditionally considered stem cells may also be used. Although stem cells are frequently used in therapy right after isolation, in many cases, stem and progenitor cells are harvested, processed, and frozen for later use. Biobanking is a handy alternative to same-day therapeutic usage since it allows for patient recuperation, allows time to find the optimal treatment alternatives, and may allow for repeated interventions without adding to the patient's discomfort or danger.

Inquire For Sample: https://reports.valuates.com/request/sample/ALLI-Auto-2H260/Biobanking_Market

BIOBANKING MARKET SHARE ANALYSIS

Based on specimen type, In 2019, the blood product segment contributed the most revenue, and this trend is expected to continue during the forecast year. This is due to an increase in the prevalence of hematological disorders and the number of accidents.

Due to an increase in the frequency of chronic diseases and improvements in regenerative therapies, the therapeutic category is predicted to develop at the fastest CAGR.

Based on region, North America was the largest shareholder in the global biobanking market in 2019. This dominance is attributed to its well-established healthcare infrastructure, the spike in acceptance of cell and stem therapies, growth in the elderly population, and rise in the prevalence of chronic diseases.

On the other hand, the Asia-Pacific region is predicted to exhibit the highest CAGR of 6.1% during 2020-2027. Because of the rising population and the presence of a significant geriatric population, Asia-Pacific delivers the profitable potential for key participants in the biobanking industry. Furthermore, rising healthcare spending and the development of guidelines are projected to drive market expansion in the region.

Inquire For Regional Reports: https://reports.valuates.com/request/regional/ALLI-Auto-2H260/Biobanking_Market

KEY MARKET SEGMENTS

By Specimen Type

• Blood Products
• Solid Tissue
• Cell Lines
• Nucleic Acid
• Others

By Type of Biobank

• Population-based Biobanks
• Disease-oriented Biobanks

By Ownership

• National/regional agency
• Non-Profit Organization
• Universities
• Private Organization

By Application

• Therapeutic
• Research

By End User

• Academic Institutions
• Pharma & Biotech Companies

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Rest of Asia-Pacific
• LAMEA
• Brazil
• South Africa
• Saudi Arabia
• Rest of LAMEA

Key Market Players

• AMS biotechnology Ltd (AMSBIO LLC)
• Bay Biosciences LLC
• BioIVT & Elevating Science
• Boca Biolistics
• CTI Biotech
• Cureline, Inc
• Firalis S.A.
• Geneticist Inc
• ProteoGenex, Inc
• US Biolab Corporation, Inc

Inquire For Chapter Cost: https://reports.valuates.com/request/chaptercost/ALLI-Auto-2H260/Biobanking_Market

Inquire For Customization: https://reports.valuates.com/request/customisation/ALLI-Auto-2H260/Biobanking_Market

Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Auto-2H260&lic=single-user

Buy Now for Enterprise User: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Auto-2H260&lic=enterprise-user

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS :

-  Global Biobanking Product Market Research Report contains Market Size, Market Share, Market Dynamics, Porter's 5 force Analysis, Segmentation, Regional and Competitor Analysis. Product: Biobanking Product, Product-Type: Equipment, Consumable, Application: Virtual Biobanks, Tissue Biobanks, Population Biobanks.

-  Global Biobanking Technologies Market Research Report contains Market Size, Market Share, Market Dynamics, Porter's 5 force Analysis, Segmentation, Regional and Competitor Analysis. Product: Biobanking Technologies, Product-Type: Blood Products, Human Tissues, Cell Lines, Nucleic Acids, Application: Regenerative Medicine, Life Science, Clinical Research.

-  Global Biobanking Software Market Research Report contains Market Size, Market Share, Market Dynamics, Porter's 5 force Analysis, Segmentation, Regional and Competitor Analysis. Product: Biobanking Software, Product-Type: Blood Products, Human Tissues, Cell Lines, Nucleic Acids, Application: Regenerative Medicine, Life Science, Clinical Research

-  Global Cryogenic Biobanking Services Market Research Report contains Market Size, Market Share, Market Dynamics, Porter's 5 force Analysis, Segmentation, Regional and Competitor Analysis. Product: Cryogenic Biobanking Services, Product-Type: Ice Machines, Freezers, Alarms And Monitoring System, Refrigerators, Cryogenic Storage Systems, Accessories, Application: Biobaking, Regenerative Medicine, Drug Discovery.

-  The global Biobanking Services market size is projected to reach USD 8631.3 million by 2027, from USD 5115.6 million in 2020, at a CAGR of 7.3% during 2021-2027.

-  The global Blood Collection market size is projected to reach USD 7164.1 Million by 2027, from USD 4440.6 Million in 2020, at a CAGR of 7.1% during 2021-2027.

-  Global Biobanking Consumables Market Research Report

-  Global Biobanking Equipment Market Research Report

-  Global Human Biobanking Equipment Market Research Report

-  Global Bio-Preservation Market

Click Here To See Related Reports On Biobanking

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

CONTACT US:

Valuates Reports
[email protected]
For U.S. Toll-Free Call  1-(315)-215-3225
For IST Call  +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports

SOURCE Valuates Reports