| Title | Global Biobanking Market Size, Share, Trends and Forecast 2028 |
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| URL | https://www.prnewswire.com/news-releases/biobanking-market-worth-5-0-billion--marketsandmarkets-301833349.html |
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| Category | Fitness Health --> Medicine |
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| Meta Keywords | Biobanking Market |
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| Meta Description | Biobanking Market, Biobanking Market Size, Biobanking Market Forecast, Biobanking Market Outlook |
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| Owner | Healthcare101 |
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| Description |
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| Biobanking Market in terms of revenue was estimated to be worth $2.9 billion in 2023 and is poised to reach $5.0 billion by 2028, growing at a CAGR of 11.4% from 2023 to 2028 according to a new report by MarketsandMarkets™. The global biobanking market is expected to grow at a CAGR of 11.4% during the forecast period. The growth of this market is driven by increasing number of private cord blood banks has led to a rise in competition among biobanks, which has driven innovation and improvements in the quality of biobanking services. This, in turn, has fueled growth in the biobanking market as more companies seek to enter this expanding field and meet the growing demand for cord blood stem cell preservation. |
