A latest report from Absolute Markets Insights covers insights into the global Biobanking market. This comprehensive report offers insights into the market, models and drivers of business growth. Also includes Biobanking market share, sales volume and education charts. Research analysts have combined important and additional information, such as commitments from market leaders, into a well-crafted report. This report is an essential insight into strategies and information and is primarily aimed at business leaders. The main objective of this Biobanking report is to provide industry knowledge and help our clients achieve natural growth in their respective fields. The Biobanking report also shows a new uptrend that includes market conditions and market forecast 2022-2030.
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Some of the major players operating in the global Biobanking market include: Agilent Technologies, Inc., Becton, Dickinson and Company, Brooks Life Sciences, CloudLIMS.com, Cryo Bio System, Hamilton Company, LabVantage Solutions Inc., LabWare, LiCONiC AG, PHC Corporation, QIAGEN, Thermo Fisher Scientific Inc., and other market participants.
In terms of revenue, biobanking market was valued at US$ 2202.01 Mn in 2022 growing at a CAGR of 7.1% over the forecast period (2022 – 2030).
The competitive landscape of the market study contains a broader analysis of the regions including North America, Europe, Asia-Pacific, Middle East and Africa, Latin America, which are expected to capture the essence of the market in its broadest category. The list encompasses significant players who manage the sector based on the system’s overall production capabilities, environmental contributions, appropriate channels, and territorial proximity through a system of primary and secondary research methodologies followed by an in-house analytical model. Furthermore, the generated income and a generalized market share for the market is presented with the help of graphs, charts and tables.
Furthermore, the report also contains important collaborations, mergers and acquisitions, key market trends and business policies are evaluated. The study contains primary and secondary information pertaining to the Biobanking Market in terms of its global status, market size, growth forecasts, trends, segments, and a detailed forecast.
Key insights from the report:
- The report provides key statistics on the market status of Biobanking Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry, including its definition, applications and manufacturing technology.
- The report features the company profile, product specifications, capacity, production value and market share 2022-2030 for the top vendors.
- The total market is further divided by company, by country and by application/type for the analysis of the competitive landscape.
- The report then estimates the 2022-2030 market development trends of the P2P Loans industry.
- Analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
- The report makes some important proposals for a new project of Biobanking Market before evaluating its feasibility.
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Covid-19 cumulative impact:
This study presents insights into COVID-19 on consumer behavior and changes in demand, purchasing patterns, supply chain reorganization, dynamics of market forces, and substantial government involvement. The new research provides insights, analysis, estimates and predictions in light of the effect of COVID-19 on markets. The Biobanking Market report provides a solid observation on the prominent players in terms of strategic analysis, micro and macro market trends and opportunities, pricing trends, and a generalized overview of the market. The Biobanking Market is a detailed study packed with primary and secondary market factors, market share, leading segments and a proper geographic analysis.
Key questions answered in this report:
- What will the market size and growth rate be in 2030?
- What are the key drivers of the global market?
- What are the key market trends impacting the growth of the global market?
- What are the market growth challenges?
- Who are the key vendors in the global market?
- What are the global market opportunities and challenges for sellers?
- What are the key findings of the global five-point analysis of the Biobanking market?
Biobanking market contributes to the advancement of biomedical and translational research by collecting and preserving biological samples such as blood, tissues, and nucleic acids, which are used in research to discover disease-relevant biomarkers, and further for diagnosis, prognosis, and drug response prediction. Increasing application areas of biobanking such as drug discovery, clinical research, life science research, and others are expected to be the major factors contributing towards the growth of global biobanking market over the forecast period.
Moreover, increasing funding from private and government organizations for biobanking is boosting the market growth. Furthermore, companies operating in the global biobanking market are undertaing strategic initiatives, which is supplementing the market growth. For instance, Precision Medicine Group announced the purchase of ProMedDx and GLAS, two significant biospecimen providers, in August 2019. This acquisition will assist the company in expanding its biospecimen solution space as well as increasing scientific expertise and understanding.
The rise in chronic diseases such as cancer, autoimmune diseases, and blood disorders is fueling the biobanking market’s expansion. Furthermore, increasing research and development programs in the Asia pacific Region is expected to further contribute to the market growth. However, in some developing countries biobanking investment are available in less manner, particularly in Africa, due to the high cost of installation and operation.
The covid-19 pandemic impacted the pharmaceutical and biotechnological industries worldwide. According to the World Health Organization (WHO), the covid-19 pandemic had infected nearly 2 million people by January 2021, resulting in enormous strain on the global biobanking market. When COVID-19 spread over the world, few hospitals and biobanks were adequately prepared for the influx of infected patients and high mortality rates associated with the virus. Biobanks had to communicate and search globally for the materials they required to gather and store specimens quickly.
Biobanking solutions providers have witnessed enormous increase in demand amidst the pandemic since they enabled global researchers to access the source material and data needed to conduct clinical research and trials, regardless of the COVID-19 specimens’ actual geographical location. Also, In the case of COVID-19, the Centers for Disease Control and Prevention (CDC) in the United States established recommendations for managing COVID-19 samples that served as a model for other biobanks. Furthermore, the increased promise of innovation in the biobanking services and equipment is estimated to showcase new opportunities for the growth of market participants in the biobanking market.
Global Biobanking Market Segmentation:
Biobanking Market By Offering (Equipment & Accessories, Consumables, Software (On-Premise, Cloud), Services), By Function (Sample Collection, Sample Preparation, Sample Analysis And Data Management, Sample Storage, Sample Transportation, Others), By Application (Drug Discovery, Clinical Research, Life Science Research, Others), By Biological Sample Type (Blood Products, Human Waste, Cell Lines, Human Tissue, Others), By End Users (Biobanks, Pharma And Biotech Companies, Contract Research Organizations, Academic And Research Institutions, Others), By Distribution Channel (Online, Offline), By Region (North America (U.S., Canada, Mexico, Rest Of North America), Europe (France, The UK, Spain, Germany, Italy, Denmark, Finland, Iceland, Sweden, Norway, Belgium, The Netherlands, Luxembourg, Rest Of Europe), Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia, Indonesia, Thailand, Malaysia, Singapore, Rest Of Southeast Asia, Rest Of Asia Pacific, Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest Of Middle East & Africa) Latin America (Brazil, Argentina, Rest Of Latin America)) – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2022 – 2030
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