Article -> Article Details
| Title | Biobanking Market Size, Business Growth | Size, Value Share, Industry Segment |
|---|---|
| Category | Fitness Health --> Health Articles |
| Meta Keywords | Biobanking Market Size |
| Owner | Vaibhav |
| Description | |
|
The biobanking market size was valued USD 62.7 billion in 2021
and is expected to reach USD 98.1 billion by 2030 at 4.2% CAGR during the
forecast period 2022-2030. Factors such as the
increasing prevalence of chronic diseases and rising therapeutics demand are
estimated to drive the market growth during the forecast period. Additionally,
advancements in diagnostic and treatment technologies boost the market.
However, low awareness and lack of healthcare services in the middle and
low-income countries are estimated to restrain the market growth during the
projected period. Major Key
Players: Some of the key
players in this market are Hamilton Company, Greiner Holding AG, Promega
Corporation, Becton Dickinson and Company, Merck KGaA, VWR Corporation, Tecan
Trading AG, Thermo Fisher Scientific Inc., Panasonic Healthcare Holdings Co.,
Ltd, Qiagen N.V., Brooks Automation, Inc., Chart Industries, Inc., and others. Segment Analysis The global Biobanking Market is segmented on the
basis of products and services, sample type, storage type, application,
end-user, and region. Considering products and services, the market is
segmented into equipment, consumables, services, and software. Equipment is
further sub-segmented into storage equipment, sample analysis equipment, sample
processing equipment, sample transport equipment, and others. Consumables are
further sub-segmented into storage consumables, analysis consumables,
processing consumables, collection consumables, and others. Services are
sub-segmented into storage services, processing services, transport services,
and supply services. By sample type, the market is segmented into blood
products, human tissues, cell lines, nucleic acids, biological fluids, and
others. Based on storage type the market is segmented into manual storage and
automated storage. On the basis of application, the market is segmented
into regenerative medicine, life science research, and clinical research. By end-user, the market is segmented into hospitals,
diagnostic laboratory, research centers, and others. Based on region the market
is segmented into Americas, Europe, Asia Pacific, and the Middle East and
Africa. The American region is segmented into North America and South America. Regional Analysis The Americas dominates the global
Biobanking Market owing to the increasing prevalence of chronic diseases and
presence of a well-developed healthcare sector within the region. Moreover, the
increasing healthcare expenditure and presence of key players within the
regional boundaries provide a favorable background for the market growth. Europe is the second largest in
the global Biobanking Market. Factors such as the increasing availability of
funds for research and a huge patient population followed by a well-developed
healthcare sector drive the market within the region. Asia Pacific is estimated to be
the fastest growing market for biobanking. This can be attributed to the
presence of developing economies such as India and China. Moreover, the
increasing healthcare expenditure and a rapidly developing healthcare sector
boost the market growth within the region. On the other hand, the Middle
East and Africa has the least share in the global Biobanking Market due to low
per capita healthcare expenditure and stringent government policies, especially
within the Africa region. It is estimated that the Middle East holds a majority
of the market within the Middle Eastern and African region. About Market Research
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