| Title | Biobanking Market- Insights and In-Depth Analysis of Industry Segments and Key Players |
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| URL | https://www.marketsandmarkets.com/PressReleases/biobanking-devices.asp |
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| Category | Fitness Health --> Health Articles |
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| Meta Keywords | Biobanking Market |
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| Meta Description | Biobanking Market, Biobanking Market Size, Biobanking Market Forecast |
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| Owner | Healthcare101 |
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| Description |
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| The global biobanking market is projected to reach USD 5.0 billion by 2028 from USD 2.9 billion in 2023, at a CAGR of 11.4% during the forecast period of 2023 to 2028. The growth of this market is majorly driven by the growing investments and funding for biobanks, focus on genetic testing and precision medicine, increasing trend in the preservation of cord blood stem cells from newborns, and favorable funding scenario for research related to regenerative medicine. On the other hand, the high cost of automated equipment and issues related to biospecimen sample management are restraining the growth of this market. |
